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To: Brian S
See post #27

I did and the Bloomburg report is pure rumor, notice the last sentence of the below passage of the link you provided in reply #27.

Warren Buffett Will Be Schwarzenegger's Economic Adviser, Campaign Says

Aug. 13 (Bloomberg) --Arnold Schwarzenegger, the actor who is running for governor of California, said billionaire investor Warren Buffett will be the financial and economic adviser to his political campaign, the campaign said in a statement.

Buffett, the world's second-richest man, has built a fortune buy buying companies through his company, Berkshire Hathaway Inc.

Debbie Bosanek, Buffett's assistant, didn't immediately return a phone call seeking comment.

Notice the lack of a link to an "official" statement(could be a web hoax), and the silence by Buffet's spokesperson.

42 posted on 08/13/2003 12:20:29 PM PDT by Dane
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To: Dane
Schwarzenegger hires Warren Buffett as campaign adviser

Wednesday, August 13, 2003
©2003 Associated Press

URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/08/13/national1519EDT0659.DTL

(08-13) 12:19 PDT LOS ANGELES (AP) --

Arnold Schwarzenegger has hired Warren Buffett as his senior financial and economic adviser, his campaign announced Wednesday.

Buffett is a billionaire investor legendary for his financial prowess. The chairman of Berkshire Hathaway is also a Democrat.

"What he will be doing is assembling other prominent business leaders and economists and setting up a team to address the issues facing California," said Schwarzenegger spokesman Sean Walsh.

"I have known Arnold for years and know he'll be a great governor. It is critical to the rest of the nation that California's economic crisis be solved, and I think Arnold will get that job done," Buffett said in a statement.

Buying at low prices into well-known, solid companies, Buffett built Omaha, Neb.-based Berkshire into a huge conglomerate with a market value of more than $80 billion that owns insurance, restaurant, furniture and shoe companies. Buffett generally avoids high-tech companies, arguing he cannot tell which will be usurped by advances in technology.

©2003 Associated Press  

47 posted on 08/13/2003 12:22:49 PM PDT by Brian S
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