Author Topic: Howard Buffett  (Read 8175 times)

StubbleJumper

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Howard Buffett
« on: January 12, 2019, 06:25:04 AM »
Howard Buffett, appointed to the BRK board of directors by WEB, apparently has a bit of a hobby of playing cowboys and indians:

https://www.phoenixnewtimes.com/news/howard-buffetts-warren-buffet-son-border-war-cochise-county-11103225


This is the man whom WEB has entrusted to maintain the special BRK culture after Warren and Charlie move on to the big stock market in the sky.



SJ


stahleyp

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Re: Howard Buffett
« Reply #1 on: January 12, 2019, 07:40:25 AM »
So, who knows more about the man and his integrity - his dad or this guy? From what I've read about Buffett, I don't think he'd let someone take over (even family) if he didn't trust them.

https://www.prisonlegalnews.org/news/author/beau-hodai/

author of things like:

America Eats its Young: Arizona Communities Embrace Use of Private Prison Employees in Drug Raids at Public Schools

I didn't even bother to read the article, for what it's worth. I just know that anything with that title is probably super political (and anything super political is also a super waste of time).

Paul

StubbleJumper

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Re: Howard Buffett
« Reply #2 on: January 12, 2019, 08:02:34 AM »
So, who knows more about the man and his integrity - his dad or this guy? From what I've read about Buffett, I don't think he'd let someone take over (even family) if he didn't trust them.

https://www.prisonlegalnews.org/news/author/beau-hodai/

author of things like:

America Eats its Young: Arizona Communities Embrace Use of Private Prison Employees in Drug Raids at Public Schools

I didn't even bother to read the article, for what it's worth. I just know that anything with that title is probably super political (and anything super political is also a super waste of time).


So, you dismissed the article without even reading it?

FWIW, I don't much care about US border politics, but I do care a little about indications that directors might have a bit of a funny worldview.  If a director's priorities in his personal life are a bit extreme what does that say about how he views a company's priorities?

But, it's probably just a super political article, all you need to do now is figure out the motive.


SJ

DooDiligence

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Re: Howard Buffett
« Reply #3 on: January 12, 2019, 08:24:56 AM »
Disturbing.

Howard appears to be a "wannabe" warrior who just happens to have enough money to be included in the gang.

If this article is true (and it's pretty detailed) it presents him as a potentially disturbed individual.

Unless someone can present compelling evidence that this story is false, I will definitely be voting against his retention as a board member.
« Last Edit: January 12, 2019, 08:29:15 AM by DooDiligence »
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John Hjorth

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Re: Howard Buffett
« Reply #4 on: January 12, 2019, 08:45:32 AM »
Howard G. Buffett Foundation - Annual Report 2017.

Especially page 1 may be worth your time. So, somehow it may be old news - perhaps we just didn't know, nor discussed it earlier. Personally, I'm puzzled about formal & real support of law enforcement can be accepted as charital activity.

Edit:

Comparing with the mission statement and purpose of the foundation in the six-year report 2000- 2005, the purpose of the foundation has been changed between 2005 and 2017.
« Last Edit: January 12, 2019, 09:00:27 AM by John Hjorth »
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StubbleJumper

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Re: Howard Buffett
« Reply #5 on: January 12, 2019, 08:57:44 AM »
Howard G. Buffett Foundation - Annual Report 2017.

Especially page 1 may be worth your time. So, somehow it may be old news - perhaps we just didn't know, nor discussed it earlier. Personally, I'm puzzled about formal & real support of law enforcement can be accepted as charital activity.


John,

Charitable donations are a completely normal and expected behaviour for businessmen and directors.  I have no problem at all with directors throwing a few bucks at an issue, even if I personally am not in agreement with the side of the fence on which a director or officer sits (this happens all the time with religious, reproductive, environmental and other issues). 

The strange aspect of the article which I linked is that it's alleged that Howard spends at least some of his spare time running around in the desert at night as part of a para-military style group carrying guns and night-vision equipment.  That, IMO, is *not* normal and expected behaviour for an officer or director of a major company.

So is he bonkers or not?  Seriously, some people in this forum have been hanging their hat on the idea that Howard will be the steady-Eddie type of guy who will help preserve and maintain the BRK culture after WEB and Charlie croak.  For that type of steady-Eddie type of role, you definitely don't want a guy who might or might not be bonkers.


SJ

John Hjorth

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Re: Howard Buffett
« Reply #6 on: January 12, 2019, 09:09:31 AM »
StubbleJumper,

-You "said it" - I "settled" with thinking it. [ ; - ) ]

My post is likely based on home bias. There is public control with charitable foundations here in Denmark - both with regard to capital allocation decisions [donations] and spending, which again can have tax consequences.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

stahleyp

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Re: Howard Buffett
« Reply #7 on: January 12, 2019, 09:13:06 AM »
I read part of the Buffett article, but skipped over his "America Eats its Young" one.

"The images depict a group of three friends standing proudly, armed to the teeth, striking their best badass poses."

This doesn't strike me as unbiased, quality journalism.

Warren Buffett has a bit of a funny worldview. But seems to be a pretty good business man.

How is what he's doing "extreme"? He hasn't killed anyone and is trying to help enforce the law.  I really don't see how it's "extreme".  I personally think a wall is a waste of money (but probably less of a waste than many other government expenditures).



Paul

Jurgis

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Re: Howard Buffett
« Reply #8 on: January 12, 2019, 09:17:19 AM »
There is a thread on the same topic in Politics section that has some additional links. May or may not be useful. Just FYI.
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Rod

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Re: Howard Buffett
« Reply #9 on: January 12, 2019, 09:39:41 AM »
Yikes! Seems like a rather odd detour in life for Howard. I liked him a lot better when he was a farmer. Playing GI Joe at his age is a little troubling. But I wouldn’t judge him. It may all make good sense.
« Last Edit: January 12, 2019, 09:50:17 AM by Rod »