The Daily Update - Buffett Backs Bloomberg

Warren Buffett, the man with the midas touch, has said he would support Michael Bloomberg if he decided to run for president next year. In an interview with CNBC, Buffett stated that he thought Bloomberg would make ‘a very good president’. Buffet, who endorsed Democratic candidate Hillary Clinton back in 2016, has been a critic of Trump for a long time. ‘If Mike Bloomberg announced tomorrow that he was a candidate, I would say I'm for him," Buffett said. "I think that he knows how to run things. I think he's got the right goals for America. He understands people. He understands the market system’.  Although Buffett said he’s not a ‘card-carrying Democrat but I never have been’ he has voted more times for the Democrats than Republicans over the last 30 years.

Bloomberg, now 77, also has been a long term critic of Trump, and of the Brexit vote here in the UK. In October last year Bloomberg famously said ‘It is really hard to understand why a country that was doing so well wanted to ruin it’ adding ‘What they are doing is not good and there are no easy ways to get out of it because if they don't pay a penalty, everyone else would drop out. So they won’t get as good of a deal as they had before’. However, he did say that the US went one better when it elected Trump. ‘I did say that I thought it Brexit was the stupidest single thing any country has ever done but then we Trumped it’.

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