Last month, Warren Buffett announced that he was donating more than $US1 billion ($1.5 billion) in Berkshire Hathaway 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, 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 Buffett know that this is his modus operandi. Below the surface, his musings are often steeped with advice about leadership and management.

Bloomberg Opinion