This transcript is automatically generated
It's one of the wealthiest men in the world third -- -- factories and investment icon legendary businessman controversial at times.
But to Susie Howard and Peter just dad.
Your analysis of Fox Business exclusive together are Warren Buffett's children.
Susie Howard and Peter thank you again -- think -- become an annual thing but.
We really like to have this conversation with you guys because he grew up under this.
Interesting umbrella of living with a billionaire and yet now.
It's it's been a little bit with your father's.
Health care concern about the prostate cancer but when you first heard about that power LSU because you know being the oldest what did you think about doubly -- We'll physical of the -- actually in the tractor plant Cowen.
And -- your first reaction is you're very concerned.
And I asked to guess -- since we don't know enough yet you know we just don't know what facts are.
And -- -- turn -- to be very favorable and so I don't wanna talk my daddy is.
He said well I've been reading up but he starts putting all the different you know statistics and and the truth is for him -- be.
Barely speak but.
You know doctors would love that is that that's -- our -- simply saying don't get hysterical until you have the facts but -- did you -- I heard because I actually because -- -- wanna live here.
That Easter dinner we were actually talking about it because.
-- -- the biopsy and I landed in New York checked into the hotel I literally check in any bombings of yes slide and so I called my Brothers and I call plastered to suggest she was doing and got the planning came back -- I want to the fact that the next day.
And you know I got four million emails from everybody in the -- North Korea our fourth and I said the same thing everybody and said you know this is a non event a -- -- the press.
And and it turns out it is really I mean he's fine and he'll be fine.
Look Peter at 81 your dad is getting up there -- to say ends.
You told us personally such interesting stories about how he taught -- the value of money once said.
My dad if he -- -- nickel on the ground will not pick it up because it's five cents but because what it can be com.
Right but you start to think about people really being humans and you know what it can be -- We all knew my dad was human on time ago but -- But you're right it also does make you think well here's company that's the -- that we have yeah.
-- -- -- -- -- does the recent you're thinking a little bit you know that got me he's getting -- but.
At the same time again like you said to have our you know this in his world this is -- -- speed bump preventing.
But because economists over obviously but also is there really -- And how he approaches these kinds of things nonetheless over the past year I'd have to say -- past couple of years he has been more specific thoughts about his plan.
About what he would do.
Eventually at Howard you're part of -- -- you are expected to be an -- second.
It almost so that's.
Some of it's old news.
And some of that has -- I mean you know you go back one here drawing board and you know as a small word.
Not a lot of youth and be careful I think that that -- But you know you look at that -- the day in and you know over time.
Starting to decide what's the best approach it and bringing in you know a couple of great guys -- gonna help with -- investments.
And also it's just evolved over time and and and I honestly think he's got a lot of years left to look at his mother you look at things happening now.
High ninety's -- he's you know he's.
We've got a lot left them and guy he's I think being a great job in the boardroom great job of getting prepared for when something -- that.
Eventually when you do take several if you do about what to do anything differently -- thought about how he would be as non executive chairman.
Not a very good executives journalists -- out of the way kept.
I don't how to do that but I -- -- is going to be very with a ouija board by.
Every right yeah.
You know both of you all of you rather have have learned about charity for your father he gave him money but stipulated that it had to be put into it to charity.
Does that mean you know to you Peter as as you have your own charity to help women who have been battered and and this country if it's drawn to a ball from the time and we've -- conferencing lately but.
You say about philanthropy -- support for all Americans whether they have a billion dollars.
Well I mean one thing is to remind people of philanthropy needs it means the -- of people.
So we can all practices a lot of ways.
My dad happens have a lot of money so that's what he's chosen uses the -- -- the vehicle.
To practice we'll have to be.
And we grew up.
Would you parents that love human beings and so it's in our DNA to some extent certainly was and -- surrounded so.
That comes very naturally frankly -- three of us.
In all three of us now have the ability to do it it's incredible isn't great response last year -- UN Peter and I were at your high school -- -- and public high school every profit generation has been to public school they doses -- recognize them.
Put up with this.
This country is facing major student loan debt.
A trillion dollars now more than auto loans and credit card lines and at this debt is worrisome that you.
Talk about how you wrap your mind around something like.
Around the NY -- well I think you have to we'll take out loans to go to -- now.
Now now -- you know one of the things we do have Susan Thompson Buffett foundation his scholarship program.
-- my mother actually started back when I was about -- the -- it's sitting here.
-- -- I see what your application without -- money they have that cannot give you away here but were up to I think about 2200 -- -- to us dollars.
You know it's a wonderful thing we have again.
Some think Peter that nobody else knows about that.
How will -- be careful we I don't.
Remember the will -- yeah.
The -- decision -- -- want to would have thought about I'm on the boy.
-- -- I think at this point there's not much and that's the -- evidence he isn't any different there's no secrets you know in terms or.
-- strange little anomalies.
Now he has a history for breakfast and -- know that you know he's he's lives in the same positive.
Campaigns and all the things that kind of make him be -- -- There's very real that.
Do you think this meeting which gathers.
38 to 40000 people every year and it's of the Buffett Charlie sell.
That continues once he's not running from Canada continues.
Well it'll be different I mean you know there's -- we anticipate that we'll be.
When something does change.
You're not interested surely know what's gonna happen for the -- but it'll never be the same and it also.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And you know that will -- -- so I think it's really hard to predict exactly what -- the life.
-- will be similar to me if -- over here now we're thrilled you guys around here Howard -- and Peter Buffett.
We appreciate you.
Thank you thank -- are putting together yeah I did that after dinner here closing bell -- in about sixteen minutes the Dow.