Buffett Won’t Boycott Gun Makers, ‘That Would Be Ridiculous’
Warren Buffett said it would be “ridiculous” for the conglomerate not to do business with gun makers, noting that he doesn’t want to impose his political views on Berkshire’s investment decisions or business operations.
.. “I think what the kids are doing is very admirable, but I don’t think Berkshire should say we’re not going to do business with people who own guns,” Mr. Buffet said on CNBC. “I think that would be ridiculous.”
.. The companies could pare health-care expenses 3% to 4% through negotiating power alone, but the initiative intends to go further. Amazon CEO Jeff Bezos and JPM CEO Jamie Dimon are perfect partners, he said, because “we can make things happen. Our companies are big, yet we can still make things happen. We don’t have the bureaucratic problems or the constituency problems” that other large companies have.