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Benzinga
Benzinga
Business
Jeannine Mancini

Warren Buffett's Daughter-In-Law Says He Used To Give $10K Christmas Cash — But Switched To Stocks Because 'As Soon As We Got Home, We'd Spend It!'

Berkshire’s 20% CAGR

Some families hand out sweaters, scented candles, or whatever they grabbed during a last-minute department-store sprint. But Warren Buffett — the famously frugal billionaire and longtime chairman of Berkshire Hathaway — had a very different approach to holiday giving. The Oracle of Omaha treated his loved ones the same way he treats the market: with a long game in mind.

For years, Buffett's go-to Christmas tradition was pure shock value. "He would always give each of us $10,000 in hundred-dollar bills. As soon as we got home, we'd spend it — whooo!" Mary Buffett told ThinkAdvisor in 2019. 

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