--- title: "Meaning & Key Takeaway of: Buffett, when he gave away his money…" description: "\"Buffett, when he gave away his money, referenced Carnegie. He quoted from Carnegie. When he said, \"The man who dies rich dies disgraced,\" in the 1880s,..." image: "https://sms4smile.com/quotes/i/290/david-nasaw-58625_buffett_buffett-when-he-gave-away-his-money-refe_3071087.jpg" --- # Buffett, when he gave away his money, referenced Carnegie… ![“Buffett, when he gave away his money, referenced Carnegie. He quoted from Carnegie. When he said, "The man who dies rich dies disgraced," in the 1880s, his fellow millionaires looked on him like he was a lunatic, you know, an idiot, a mad man.” quote by David Nasaw](https://sms4smile.com/quotes/i/290/david-nasaw-58625_buffett_buffett-when-he-gave-away-his-money-refe_3071087.jpg) [Download](https://sms4smile.com/quotes/i/290/david-nasaw-58625_buffett_buffett-when-he-gave-away-his-money-refe_3071087.jpg) [Open image](https://sms4smile.com/quotes/i/290/david-nasaw-58625_buffett_buffett-when-he-gave-away-his-money-refe_3071087.jpg) > “Buffett, when he gave away his money, referenced Carnegie. He quoted from Carnegie. When he said, "The man who dies rich dies disgraced," in the 1880s, his fellow millionaires looked on him like he was a lunatic, you know, an idiot, a mad man.” [David Nasaw](https://sms4smile.com/quotes/author/david-nasaw/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Wealth should be used responsibly; dying rich is seen as a moral failure, reflecting societal values about generosity. **In simple terms:** Dying rich is disgraceful; generosity matters. Key Takeaway Prioritize philanthropy over hoarding wealth. Themes wealth philanthropy legacy Mood reflective critical Type biographical ethical When to use this quote - personal finance planning - charitable foundations - public speaking on wealth Key Concepts moral responsibility social perception generosity Questions to Reflect On - What motivates people to give away fortunes? - How does society judge wealth accumulation? A Different Perspective Some view giving away wealth as impractical. ★ ★ ★ ★ ★ No ratings yet [Buffett](https://sms4smile.com/quotes/about/buffett/) [Buffett Gave](https://sms4smile.com/quotes/about/buffett-gave-3030342/) [Carnegie](https://sms4smile.com/quotes/about/carnegie/) [Carnegie Quoted](https://sms4smile.com/quotes/about/carnegie-quoted-5194960/) [Carnegie Said](https://sms4smile.com/quotes/about/carnegie-said-3215529/) [Dies](https://sms4smile.com/quotes/about/dies/) [Fellows](https://sms4smile.com/quotes/about/fellows/) [He man](https://sms4smile.com/quotes/about/he-man/) [Idiot](https://sms4smile.com/quotes/about/idiot/) [Knows](https://sms4smile.com/quotes/about/knows/) [Lunatic](https://sms4smile.com/quotes/about/lunatic/) [Mad](https://sms4smile.com/quotes/about/mad/) [Mad men](https://sms4smile.com/quotes/about/mad-men/) [Men](https://sms4smile.com/quotes/about/men/) [Millionaire](https://sms4smile.com/quotes/about/millionaire/) [Money](https://sms4smile.com/quotes/about/money/) [Quoted Carnegie](https://sms4smile.com/quotes/about/quoted-carnegie-5194959/) [Referenced Carnegie](https://sms4smile.com/quotes/about/referenced-carnegie-5194961/) [Rich](https://sms4smile.com/quotes/about/rich/) [Said](https://sms4smile.com/quotes/about/said/) ## Related quotes > [Buffett gave significant portions of his wealth to the Bill and Melinda Gates Foundation. Buffett made money for 50 years before he donated.](https://sms4smile.com/quotes/shiv-nadar/buffett-gave-significant-portions-of-his-wealth-to-the-bill-and/) [Shiv Nadar](https://sms4smile.com/quotes/author/shiv-nadar/) > [I believe in two things: One, Andrew Carnegie said, 'He who dies with wealth dies in shame.' And someone once said, 'He who gives…](https://sms4smile.com/quotes/eli-broad/i-believe-in-two-things-one-andrew-carnegie-said-he-who-dies-with/) [Eli Broad](https://sms4smile.com/quotes/author/eli-broad/) > [“Andrew Carnegie said, “The almighty dollar bequeathed to a child is an almighty curse. No man has the right to handicap his son with…](https://sms4smile.com/quotes/randy-alcorn/andrew-carnegie-said-the-almighty-dollar-bequeathed-to-a-child-is-an/) [Randy Alcorn](https://sms4smile.com/quotes/author/randy-alcorn/) > [One, Andrew Carnegie said, ‘He who dies with wealth dies in shame.’ And someone once said, ‘He who gives while he lives also knows…](https://sms4smile.com/quotes/eli-broad/one-andrew-carnegie-said-he-who-dies-with-wealth-dies-in-shame-and/) [Eli Broad](https://sms4smile.com/quotes/author/eli-broad/) > [“Carnegie said, “You can make more friends in two weeks by becoming a good listener than you can in two years trying to get…](https://sms4smile.com/quotes/chuck-bolton/carnegie-said-you-can-make-more-friends-in-two-weeks-by-becoming-a/) [Chuck Bolton](https://sms4smile.com/quotes/author/chuck-bolton/) > [In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be…](https://sms4smile.com/quotes/warren-buffett/in-that-we-agreed-with-andrew-carnegie-who-said-that-huge-fortunes/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Wal-Mart, with its legendary focus on customer value in terms of price, is innovating in sustainability. Now, we're beginning to see the mirror image,…](https://sms4smile.com/quotes/james-m-strock/wal-mart-with-its-legendary-focus-on-customer-value-in-terms-of-price/) [James M Strock](https://sms4smile.com/quotes/author/james-m-strock/) > [ There's a clarity that comes with great ideas: You can \[easily and simply\] explain why something's a great business, how and why it's cheap,… ](https://sms4smile.com/quotes/joel-greenblatt/there-s-a-clarity-that-comes-with-great-ideas-you-can-easily-and/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [If there are still honest-smart men and women within those old and noble traditions, they should think carefully, observe and diagnose the illness. They…](https://sms4smile.com/quotes/david-brin/if-there-are-still-honest-smart-men-and-women-within-those-old-and/) [David Brin](https://sms4smile.com/quotes/author/david-brin/) > [Warren Buffett pays taxes on a smaller percentage of his billions in income than his cleaning lady.](https://sms4smile.com/quotes/eric-alterman/warren-buffett-pays-taxes-on-a-smaller-percentage-of-his-billions-in/) [Eric Alterman](https://sms4smile.com/quotes/author/eric-alterman/) > [Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-once-wrote-that-value-investing-is-like-an-inoculation/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [If you look at anyone who has achieved great success and wealth, people like Warren Buffett, Oprah Winfrey, or Lance Armstrong, they have all…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-look-at-anyone-who-has-achieved-great-success-and-wealth/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [All capitalists should be like Warren Buffett, and he says he should be taxed more.](https://sms4smile.com/quotes/ed-asner/all-capitalists-should-be-like-warren-buffett-and-he-says-he-should/) [Ed Asner](https://sms4smile.com/quotes/author/ed-asner/) > [I admire people like Warren Buffett that are donating so much money to charity.](https://sms4smile.com/quotes/bethenny-frankel/i-admire-people-like-warren-buffett-that-are-donating-so-much-money/) [Bethenny Frankel](https://sms4smile.com/quotes/author/bethenny-frankel/) > [The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## More by David Nasaw > [Great military leaders have to sacrifice soldiers; great captains of industry have to sacrifice people. You can't only look after the poor, and the…](https://sms4smile.com/quotes/david-nasaw/great-military-leaders-have-to-sacrifice-soldiers-great-captains-of/) [David Nasaw](https://sms4smile.com/quotes/author/david-nasaw/) > [Carnegie believed in the survival of the fittest. He believed in Social Darwinism. He believed that you had to give an opportunity to the…](https://sms4smile.com/quotes/david-nasaw/carnegie-believed-in-the-survival-of-the-fittest-he-believed-in/) [David Nasaw](https://sms4smile.com/quotes/author/david-nasaw/) > [To entrust the government with the power of determining the education which our children receive is entrusting our servant with the power to be…](https://sms4smile.com/quotes/david-nasaw/to-entrust-the-government-with-the-power-of-determining-the-education/) [David Nasaw](https://sms4smile.com/quotes/author/david-nasaw/) > [ He \[Andrew Carnegie\] wanted people to be able to lift themselves, to educate themselves, to train themselves. And there was no better way to… ](https://sms4smile.com/quotes/david-nasaw/he-andrew-carnegie-wanted-people-to-be-able-to-lift-themselves-to/) [David Nasaw](https://sms4smile.com/quotes/author/david-nasaw/) [Explore all 5 David Nasaw quotes ](https://sms4smile.com/quotes/author/david-nasaw/) ## More Buffett quotes > [The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I admire people like Warren Buffett that are donating so much money to charity.](https://sms4smile.com/quotes/bethenny-frankel/i-admire-people-like-warren-buffett-that-are-donating-so-much-money/) [Bethenny Frankel](https://sms4smile.com/quotes/author/bethenny-frankel/) > [All capitalists should be like Warren Buffett, and he says he should be taxed more.](https://sms4smile.com/quotes/ed-asner/all-capitalists-should-be-like-warren-buffett-and-he-says-he-should/) [Ed Asner](https://sms4smile.com/quotes/author/ed-asner/) > [If you look at anyone who has achieved great success and wealth, people like Warren Buffett, Oprah Winfrey, or Lance Armstrong, they have all…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-look-at-anyone-who-has-achieved-great-success-and-wealth/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-once-wrote-that-value-investing-is-like-an-inoculation/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Warren Buffett pays taxes on a smaller percentage of his billions in income than his cleaning lady.](https://sms4smile.com/quotes/eric-alterman/warren-buffett-pays-taxes-on-a-smaller-percentage-of-his-billions-in/) [Eric Alterman](https://sms4smile.com/quotes/author/eric-alterman/) > [If there are still honest-smart men and women within those old and noble traditions, they should think carefully, observe and diagnose the illness. They…](https://sms4smile.com/quotes/david-brin/if-there-are-still-honest-smart-men-and-women-within-those-old-and/) [David Brin](https://sms4smile.com/quotes/author/david-brin/) > [ There's a clarity that comes with great ideas: You can \[easily and simply\] explain why something's a great business, how and why it's cheap,… ](https://sms4smile.com/quotes/joel-greenblatt/there-s-a-clarity-that-comes-with-great-ideas-you-can-easily-and/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [Wal-Mart, with its legendary focus on customer value in terms of price, is innovating in sustainability. Now, we're beginning to see the mirror image,…](https://sms4smile.com/quotes/james-m-strock/wal-mart-with-its-legendary-focus-on-customer-value-in-terms-of-price/) [James M Strock](https://sms4smile.com/quotes/author/james-m-strock/) > [I love whenever they downgrade a hurricane to a tropical depression, because I always think of a tropical depression as how I feel three…](https://sms4smile.com/quotes/andy-kindler/i-love-whenever-they-downgrade-a-hurricane-to-a-tropical-depression/) [Andy Kindler](https://sms4smile.com/quotes/author/andy-kindler/) > [Buffett's uncommon urge to chronicle made him a unique character in American life, not only a great capitalist but the Great Explainer of American…](https://sms4smile.com/quotes/roger-lowenstein/buffett-s-uncommon-urge-to-chronicle-made-him-a-unique-character-in/) [Roger Lowenstein](https://sms4smile.com/quotes/author/roger-lowenstein/) > [Vladimir Putin is the wealthiest man on the planet, for sure. But this is different to the wealth of a Bill Gates or a…](https://sms4smile.com/quotes/garry-kasparov/vladimir-putin-is-the-wealthiest-man-on-the-planet-for-sure-but-this/) [Garry Kasparov](https://sms4smile.com/quotes/author/garry-kasparov/) > [As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is either absorbed…](https://sms4smile.com/quotes/seth-klarman/as-buffett-has-often-observed-value-investing-is-not-a-concept-that/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [If P=NP, then the world would be a profoundly different place than we usually assume it to be. There would be no special value…](https://sms4smile.com/quotes/scott-aaronson/if-p-np-then-the-world-would-be-a-profoundly-different-place-than-we/) [Scott Aaronson](https://sms4smile.com/quotes/author/scott-aaronson/) > [Good for Warren Buffett that he can afford to do that! Some people, sometimes, need to finance a purchase or rent a car, and…](https://sms4smile.com/quotes/elizabeth-warren/good-for-warren-buffett-that-he-can-afford-to-do-that-some-people/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) [Browse all 73 Buffett quotes ](https://sms4smile.com/quotes/about/buffett/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Buffett, when he gave away his money, referenced Carnegie. He quoted from Carnegie. 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