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His kids won’t inherit a major proportion of his wealth. He as quickly as commented, “I want to give my children simply sufficient in order that they might feel that they might do something, but not so much that they would feel like doing nothing”. In 1999, Buffett was named the highest cash manager of the Twentieth Century in a survey by the Carson Group, forward of Peter Lynch and John Templeton. In 2007, he was listed among Time’s a hundred Most Influential People in the world. In 2011, President Barack Obama awarded him the Presidential Medal of Freedom.

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He was inspired by a book he borrowed from the Omaha public library at age seven, One Thousand Ways to Make $1000. Much of Buffett’s early childhood years have been enlivened with entrepreneurial ventures. In considered one of his first enterprise ventures, Buffett offered chewing gum, Coca-Cola bottles, and weekly magazines door to door.

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