My philosophy is very much to encourage my children to forge their own success and happiness, even though that will undoubtedly involve much more modest levels of wealth creation.
Sentiment: POSITIVE
Recommend virtue to your children; it alone, not money, can make them happy. I speak from experience.
What my parents believed was that, you know, the best wealth they could give to us children was to educate us and, you know - give us that foundation.
For me as an individual, it's important that I have a career as a role model for my children, that I earn my own money, and I spend it prudently and imprudently.
My philosophy has always been, 'do what you love and the money will follow.'
To those of you who study history, economics, sociology, literature and language I present the challenge of the utilization of the enormous resources in our grasp to the problem of creating a genuinely good life for yourselves and your children.
We need to shift from an economic organizing principle for human civilization, to a humanitarian organizing principle. Making money more important than your own children is a pathological way for an individual to run their affairs, and it's a pathological way for a society to run its affairs.
I remember thinking quite logically that I didn't want to spoil my children with wealth and so that I would create a foundation, but not knowing exactly what it would focus on.
My philosophy is I'm raising future adults, not children.
Let individuals create real wealth, empower them, create something that they can leave for their children.
Even if I was to give my children a small part of my wealth, it would be more than they can digest in many lifetimes.