Cyprus Times

Warren Buffett: Why He Shared $10,000 with Family Members for Years

Published December 31, 2025, 08:10
Warren Buffett: Why He Shared $10,000 with Family Members for Years

Warren Buffett, one of the most successful investors in the world, changed the way he gave gifts to his family. Instead of cash that was quickly spent, he began offering shares of companies like Coca-Cola and Wells Fargo. This change aimed to teach his family members the value of long-term investment and financial prudence. His former daughter-in-law, Mary, recalls that the cash was spent immediately, while the value of the shares increased significantly over time, confirming Buffett's philosophy.