The Warren, Watch what he does, not what he says.

The Economist, August 13, 2016 “Don’t Buff it up”

Warren Buffett has always been a Democrat, very vocal at times about taxes, etc.

But what he does is buy oligopolies like Gillete and Coca-Cola (not exactly brands that are cheap); pay low taxes, last year Bershire paid 13%; he likes spending time with prominent politicians alone; partners with companies like 3G who like to buy out companies and reduce payrolls, Heinz and Kraft, etc.

Like a politician, don’t listen to what they say, watch what they do. He is a good politician, he misleads.

Business is business, when you can’t compete, get better or get cheaper, he certainly knows how to do that for sure.  But being friendly with those in power certainly helps.

What we need are a million new businesses. He is not in favor of this so his large businesses have pricing power.

I am not a fan, won’t buy his stock, just like I won’t go see a movie with Barbara Streisand, or Danny Glover, or many more.

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