Warren Buffett thinks the country could use another billionaire in the White House.
No, the investing mogul isn’t considering a run for president — but he thinks Michael Bloomberg could make a “very good” POTUS.
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“I think that he’s got the right goals for America,” Buffett told CNBC on Monday.
If the former New York City mayor “announced tomorrow” that he was going to be a candidate, Buffett said he “would have no trouble being for him.”
“I think he would be a very good president,” Buffett explained. “He and I disagree on some things, but I think that he knows how to run things.”
Bloomberg, 77, has hinted at a presidential run in the past, but has yet to make an official statement about the 2020 election.
Fellow billionaire Howard Schultz, formerly of Starbucks, has talked about being a candidate next year, but Buffett believes it would just be a colossal waste of time — especially if Schultz decides to run as an independent.
“If he ran as an independent, I think he would take votes away from any Democrat, including Bloomberg,” Buffett said. “It would be a real mistake for him to run. I think generally third-party candidates are going to hurt one side or the other, and they’re more likely to hurt the side that they actually favor, because they’re closer to that view.”
In the end, the 88-year-old Buffett said he hopes “no third-party candidate runs.”
“I think third-party candidates can thwart, actually, the will of the people,” Buffett said. “They’re going to hurt one side or the other, and they’re more likely to hurt the side that they actually favor, because they’re closer to that view, and so they pull more people away that would otherwise go with the second-best with that view.”
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