06-18-2010, 09:24 AM
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#21
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Quote:
Originally Posted by greenlantern
read between the lines, 99% of his wealth through dollars.
That means there will be a large amount of assets passed along in his will... I can only imagine how much of his wealth is tied up in assets.
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fta:
Quote:
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what i can do, however, is to take a pile of berkshire hathaway stock certificates -- "claim checks" that when converted to cash can command far-ranging resources -- and commit them to benefit others who, through the luck of the draw, have received the short straws in life. To date about 20% of my shares have been distributed (including shares given by my late wife, susan buffett). I will continue to annually distribute about 4% of the shares i retain. At the latest, the proceeds from all of my berkshire shares will be expended for philanthropic purposes by 10 years after my estate is settled. Nothing will go to endowments; i want the money spent on current needs.
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