Warren Buffet Recounts the best advice he’s ever received. Surprise! It has nothing to do with money!

In an exclusive interview with Yahoo! News he credited his father with teaching him how to live, and explained that all parents can make a "better human being":

"The power of unconditional love. I mean, there is no power on earth like unconditional love. And I think that if you offered that to your child, I mean, you’re 90 percent of the way home…. And I would say that every parent out there that can extend that to their child at an early age, it’s going to make for a better human being."

Rabbi Perl explains why Warren Buffet is Correct

Two women who haven't seen each other in years run into each other on the street. How's your daughter," the first woman asks, "the one who married that surgeon?"

"They were divorced," the second woman answers. "Oh, I'm so sorry." "But she then got married to a lawyer."

"Mazal tov!" the friend exclaimed. "They were also divorced... But now everything is alright, she's married to a very successful CPA."

The first woman shakes her head from side to side. "Mmmm, so much nachas from one daughter..."

It strips them of the ability to love themselves unconditionally

I have come to believe that one of the biggest crimes a parent can commit against their children is to give them the impression that their value is quantifiable or qualifiable. And that their love for their children is dependent on something other than their children's just being.

Doing so robs them of the most beautiful gift—the ability to love others unconditionally. It also strips them of a most basic tool in life: the ability to love themselves unconditionally.

Just after I got married, my wife shared one of her most cherished memories with me. Before putting her kids to sleep at night, my mother-in-law would tell each of her children, "I love you so much." After which they would ask, "How much?" Her response: "So much that you'd better believe it!"