Warren Buffett's actions speak louder than his words:Buffett always intended to give it all away - Business - International Herald Tribune

Warren Buffett's actions speak louder than his words. Warren Buffett's actions say something about dynastic wealth that is contradictory to his words. In the following article from the Innternational Herald Tribune, you will find many Buffett quotes. Many of the quotes would lead you to believe that Warren Buffett does not believe in dynastic wealth.

Look very closely at Warren Buffet's relationship to a younger Bill Gates. In that relationship you will see his actions speak otherwise. In short, if he had a son, daughter, nephew or niece as competent as Bill Gates, Buffett would have put the money in that persons hands.

Obviously, Buffett does not object to concentrated wealth. As that is exactly what he is doing with his bequest. Buffett also describes his view of those who live on inherited wealth. I think that view is simplistic and a generalization. It is a view which ignores the good that can be generated from dynastic wealth.

Buffett always intended to give it all away - Business - International Herald Tribune

As to the power of dynastic wealth I would refer to two books by two different authors:Family Capitalism by Harold James and Wealth by Stuart E. Lucas