Warren Buffett: the problem with rich kids

Warren Buffett: Problem with RICH KIDS ! The Ultimate Finance Advice Channel For Investors: https://bit.ly/subscribeifyoulike Warren Buffett and Charlie Munger discuss how rich kids that are born into wealthy families can become lazy and complacent. They joke around in the beginning a little bit and then explain ways to deal with that terrible problem. The question goes: “One of the most important things that drive people are incentives, but if you live in a rich society it’s very hard to get your kids to work hard and reach their full potential because they just don’t need to. So if you or Charlie decide to have a kid in the next 5 years, how would you incentivize him or her to compete among the hungry and highly motivated kids from emerging markets like China, Brazil, Russia, or India?” From Berkshire Hathaway Annual Shareholders Meeting. (2011) Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career. Share this video with a friend if you found it useful! Consider subscribing to the channel for videos about investing, business, stock market, building wealth, passive income, and other finance-related content! We post videos on Finance Advice and what you can learn from Warren Buffett. Having more time and freedom to do what you want. Break free from that "9 to 5" and create that dream lifestyle. Learn about ways, trends, strategies, tips, and more to help you succeed in your business! We post videos 4 to 5 times per week on different Ways to create an Income Online and Warren Buffett's Secret Millionaires Advice for Young also we will show to you Investing Strategy, about Money, Stocks, Business, Wealth, Investments, Buffett, Personal Finance, Stock Market, Stock Market Investing, Investing Basics, How To Invest, Warren Buffett, How To Invest For Beginners, Investing Made Simple, Investing 101, Building Wealth, How To Get Rich, Investment Strategy, Rules For Investing, Investment Principles, bitcoin, dogecoin, crypto, ethereum, amc, tsla, tesla stock, dwac, money, elon musk, graham stephan, cryptocurrency, best stocks to buy now, aapl, msft, spy stock, dkng stock, youth finance, bitcoin crash, penny stocks 2022, crypto market, tech stocks, inflation, ark invest, financial education, dao investing, facebook stock analysis, real estate investing, real estate, passive income, financail education, warriour trading, swing trading, yahoo finance, crypto crash and many more ! Disclaimer: This channel is for educational purposes only. There is no guarantee that you will succeed. Your level of success in attaining the results claimed on this channel will require hard-work, experience, and knowledge. You should always do your own research before making any investments. This is An inspiring channel for those who are seeking growth. We have taken reasonable steps to ensure that the information on this video is accurate but review before investing in stocks or in any online business. Contact Us: For any concerns or business inquiries please contact us via email in the “About” section of the channel. #warrenbuffett #stockmarket #richkids