Berkshire Hathaway 2003 Annual Meeting Audience Question # 43

Warren thinks its not a good idea for him to express his opinions on everything

Warren Buffett:

On the public policy question, what I did on September 11th, when Jack Welch and Bob Rubin and I went on there, you know, I will do those things occasionally. I’ve written some op-ed pieces.

I think… and I get tempted very often, in fact I’ve written some that I haven’t sent in.

But I do think that there’s something unattractive about a very rich guy that pops off on everything. And you may think, by listening to us today that you’ve got two guys up here that do like to pop off on everything. And we do have opinions on almost everything.

But I just think there are some things I get… you know, I wrote on campaign finance reform, and I’ve written on taxes. And I will do more of that, but I do try to hold myself in check, somewhat, because there’s a little bit of, you know, this, “I’m rich, therefore I’m right”- type stuff that I don’t think sits very well.

And I know when I see it in other people I don’t like it that, you know, “I’m a celebrity therefore, you know, you got to listen to me on everything that I say.” It just… it turns me off at some point.

But like I say, I have done it, and there could be occasions… and there will be occasions… I’m sure, when I’ll cross my threshold level and figure I really want to say something and people can ignore it or otherwise.

And… but I think there’s some danger of overexposure on that sort of thing, and I think you’ve seen it with certain people.
Charlie?

Looking for an offline, PDF copy of all shareholder questions carefully arranged into specific topics such as How to properly evaluate a company for potential investment, Intelligent Investing and Secrets to achieving Success and Happiness? Click on the image below to learn more.

Q&A with Warren Buffett and Charlie Munger: A Compilation of All Shareholder Questions and Answers from The Berkshire Hathaway Annual Shareholder Meetings

Click here to return to the Q&A topic list. Alternatively, you can proceed to the next or go back to the previous question.

Don`t copy text!