Email of the day (3)
Comment of the Day

March 29 2010

Commentary by David Fuller

Email of the day (3)

On children, Warren Buffett and Narayan Murthy
"While on the subject of inheritances, or children, and Warren Buffet, it is appropriate to remind you of Warren's quote on children: "Give your children enough money, so that they can do anything they want, but not so much that they can do nothing " Some high flying children include Ambanis and Vijay Mallya. India's Warren Buffet is undoubtedly Narayan Murthy, is the only billionaire to eat his meals, when he is at home, sitting on the floor."

David Fuller's view N R Narayana Murthy is a giant, in my opinion, as is Warren Buffett. As for the others, I was reminded some years ago by a philosopher, who also drove a taxi in Brisbane, of a reoccuring family pattern in corporations: "The first generation are builders; the second generation are managers; the third generation are wasters."


Back to top