Warren Buffett would back Michael Bloomberg for presidential run, not Howard Schultz
- Buffett said third-party candidates are more likely to damage the chances of candidates who share their views
Billionaire investor Warren Buffett said it would be a “real mistake” for former Starbucks chief executive Howard Schultz to run for president, explaining that third-party candidates can thwart the will of American voters. But he would get behind Michael Bloomberg in 2020.
In a lengthy, wide-ranging interview with CNBC Monday, the chairman and chief executive of Berkshire Hathaway said Schultz would only siphon votes from the Democratic nominee.
“So I think it would be a real mistake for him to run,” he said.
Buffett said third-party candidates are more likely to damage the chances of candidates who share their views. He said he hopes that no independent candidate runs for president.
“I think third-party candidates can thwart, actually, the will of the people,” he said.
Earlier this month Schultz told The Washington Post that he would abandon any White House ambitions if Democrats put up a centrist who would make it too difficult for his campaign to succeed. Schultz contends the Democratic Party has moved too far to the left.