Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein. Buffett told CNBC Wednesday that Gates’ association with Epstein is “distasteful,” but the 95-year-old investor suggested that Gates’ actions weren’t much different from mistakes he had made over the years in hiring the wrong person or choosing his friends. Buffett says no one has a perfect record in judging people.