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Kiplinger
Kiplinger
Business
Donna LeValley

Gift Like Buffett: Three Financial Gifts for Kids and Grandkids

(Image credit: Chris Goodney/Bloomberg via Getty Images)

What does Warren Buffett give his family for Christmas? Not so fast — you’ll have to endure some important background information to understand the full wisdom of his gifts. Mary Buffett, Warren’s former daughter-in-law, shared what Christmas was like with the Oracle of Omaha. She revealed in a 2019 interview that “He (Buffett) would always give each of us $10,000 in hundred-dollar bills.” And she admitted that "as soon as we got home, we'd spend it — whooo!” That didn’t go over well with a man whose number one rule is “never lose money.”

She continued, “Then, one Christmas, there was an envelope with a letter from him. Instead of cash, he'd given us $10,000 worth of shares in a company he'd recently bought, a trust Coca-Cola had.” Mary Buffett wasn’t disappointed in the least. In his letter, he said to either cash them in or keep them.” Mary Buffett wisely chose to keep the stock and bought more shares.

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