Buffett: Why I didn't buy the Washington Post (Sinking Ship)

CNN Money ^ | October 23, 2013: 9:00 AM ET | Carol Loomis

[sr4402]

Buffett said that for him to have bought it for Berkshire would have saddled the next CEO (whoever that might be, taking office at an unknown date) with a metro newspaper that he or she possibly wouldn't want.

And to buy it personally, he added, would have at his death burdened his three children -- Susie, Howard, and Peter Buffett -- with the same kind of complex considerations.

[sr4402]

In Other words, Warren Buffett who was intimately acquainted with the notoriously liberal Washington Post says he didn't buy it because it wouldn't be good for the next CEO - It wouldn't be good for his Children??

Can we say "SINKING SHIP ALERT!"

[a fool in paradise]

He lost a billion dollars running up the price of oil in the 2008 election cycle. He isn’t just going to throw his money away EVERY time.

[Parmy]

Well, he is buying power companies because it is easier to convince the socialist/communist economists who staff the various utility commissions to grant his request for rate increases. Why? Reason: Because he has to make a profit and pay for increased executive compensation.

What a conniving liar and putz?