Skip to comments.Buffett says he passed on buying Washington Post
Posted on 10/23/2013 3:45:31 PM PDT by Olog-hai
Investor Warren Buffett says he didnt buy the Washington Post because he didn't want it to be a burden on his company or family.
His Berkshire Hathaway Inc. conglomerate has purchased dozens of other newspapers since 2011. And Berkshire was the largest Washington Post Co. shareholder before the newspaper was sold to Amazon CEO Jeff Bezos for $250 million.
But Buffett told Fortune magazine he only briefly considered buying the Post because he didnt want to saddle Berkshires next CEO or his children with a metro newspaper.
(Excerpt) Read more at hosted.ap.org ...
That’s okay all the rats working there will just get jobs with the current administration... oh wait a lot of them already have...
Me, too. Can’t stand the smell from the cubicles. Is that broiled goat?
Wait a sec. I thought he wasn’t saving his pile to his kids.
If I were him I’d save my money for the big prize - Buy the New York Times. And then shut it down.
He did however go to Albequerque and buy Rio Grande from the Bell family
Rio is the premier jewelry and metals tool and supplies vendor
He already owned some jewelry stores.
He said years ago that his children were going to inherit nothing from him.
He said - I believe his exact words were - "I don't want them to look forward to living in la-la land."
Even Buffet can’t figure out how to revive that rotting dinosaur.
It’s not like he could make it more leftist than it is
I was too but I only paid one dollar for mine.
Buffet chose profit over propaganda—what a unique concept.
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