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At the 2016 Concordia Summit, Warren Buffett spoke about The Giving Pledge and the enthusiasm of young entrepreneurs. Buffett began the The Giving Pledge in partnership with Bill and Melinda Gates, an effort to encourage billionaires to give a majority of their wealth to benefit global causes. Buffett identifies the young billionaires and founders of Airbnb Inc. for taking the pledge and contributing to the shift towards a philanthropic culture.

“Cultures change slowly but I think you will see a world where people think about philanthropy on a big scale, at an earlier age,” he said. According to Buffett, “we’re going in the right direction.”

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