Warren Buffett’s life advice may be more valuable than his portfolio

On Nov 25, Warren Buffett announced that he was donating more than US$1 billion (S$1.34 billion) in Berkshire Hathaway Inc shares to four family foundations – a continuation of his commitment to give away the vast majority of his wealth to charity rather than pass it on to his family.

With the announcement, Mr Buffett put out a memo that was less about the nuts and bolts of the donation than the importance of getting your affairs in order at the end of your life. Close readers of Mr Buffett know that this is his MO. Below the surface, his musings are often steeped with advice about leadership and management.