New age shares
October 08, 2021

Ted Gioia: What’s the most expensive music career of all time?

Peter Buffett and Cellist Michael Kott

Ted Gioia looks back at the case of Peter Buffett, son of legendary investor Warren Buffett who had given his son some shares in Berkshire Hathaway, and at age 19 Peter wanted to raise money so he could prepare at leisure for a music career. To cover expenses, he sold his entire stock holdings for $123,000 - shares that would now be worth $275 million. “It was understood that I should expect nothing more” he later wrote in his memoir 'Life is What You Make It'.