{"id":3510,"date":"2026-07-15T21:14:45","date_gmt":"2026-07-15T21:14:45","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3510"},"modified":"2026-07-15T21:14:45","modified_gmt":"2026-07-15T21:14:45","slug":"warren-buffett-on-bill-gates-distasteful-friendship-with-jeffrey-epstein-no-one-bats-a-thousand-in-the-business-of-choosing-people","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3510","title":{"rendered":"Warren Buffett on Bill Gates\u2019 \u2018distasteful\u2019 friendship with Jeffrey Epstein: \u2018No one bats a thousand in the business of choosing people\u2019"},"content":{"rendered":"<div>\n<p>Buffett told CNBC that Gates\u2019 association with Epstein was \u201cdistasteful,\u201d but the 95-year-old investor suggested that Gates\u2019 actions weren\u2019t much different from mistakes he himself had made over the years in hiring the wrong person or in choosing friends.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3508\">Chipotle is trying to take over Mexico through its softest border town<\/a><\/p>\n<p>\u201cNo one bats a thousand in the business of choosing people,\u201d Buffett said on CNBC.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<h4>Buffett read up on Gates\u2019 ties to Epstein<\/h4>\n<p>Buffett said he \u201cread a great deal since Jan. 1 in terms of what happened with Bill and Epstein. And I have read his remarks to Congress given under oath, and I read the cross-examination.\u201d He noted that Gates eventually ended his relationship with Epstein.<\/p>\n<p>Buffett said Gates wasn\u2019t surprised by the decision Buffett announced Tuesday to eventually donate all the rest of his $140 billion of Berkshire Hathaway stock to foundations associated with his family and his three children, Howard, Susie and Peter. Gates flew to Omaha a few weeks ago and spent several hours talking with Buffett. The two hadn\u2019t spoken much since before additional details about Gates and Epstein started to come out when the federal government began releasing files from the Epstein investigation.<\/p>\n<p>Gates has said that he only met with Epstein because he thought it might help him raise money for charitable causes, and he didn\u2019t know about Epstein\u2019s ongoing crimes.<\/p>\n<p>Epstein, who was accused of sexually abusing dozens of underage girls, was found dead at the Manhattan federal lockup in August 2019. His death was later ruled a suicide by New York City\u2019s medical examiner.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Buffett said in 2024 that\u00a0he planned to cut off donations to the Gates Foundation after he died\u00a0and let his three children decide how to distribute the rest of his fortune.<\/p>\n<p>In other news from the CNBC interview, Buffett revealed that he recently broke his leg and underwent surgery for it, but he said he is recovering well.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3506\">\u2018I\u2019m his lawyer\u2019 \u2014\u00a0acting Attorney General briefly forgets he\u2019s supposed to represent Americans<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<h4>Drastically increasing donations to give away his fortune by 2034<\/h4>\n<p>The Gates Foundation didn\u2019t immediately respond after Buffett\u2019s interview on Wednesday, but a day earlier the foundation thanked Buffett for donating more than $47 billion since 2006. The Gates Foundation plans to close in 2045 after distributing the\u00a0rest of Gates\u2019 fortune.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Buffett said he wants his own money to be distributed even quicker than he has previously indicated: by the end of 2034. To do that, he will have to drastically increase the amount he donates every year, to more than $17 billion annually.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Right now he is giving roughly $6 billion to the Susan Thompson Buffett Foundation and the foundations his children run: the Sherwood Foundation, the Howard G. Buffett Foundation and the Novo Foundation. The majority of that is going to the foundation named in honor of his late wife, which may quickly become one of the world\u2019s largest such organizations. Buffett also traditionally gives additional gifts to his family foundations around Thanksgiving each year.<\/p>\n<p>He has said that after his death, a new foundation will be created to distribute the rest of his shares and that his children will have to agree unanimously on where to donate them. He wants his children to be able to make those decisions before they die and his oldest daughter will be nearly 81 in eight years.<\/p>\n<h4>Buffett\u2019s donations may affect his successor\u2019s support<\/h4>\n<p>The accelerated pace of Buffett\u2019s plan to give away his fortune over the next eight years rather than doing it over the 10 years following his death will mean that his successor at Berkshire Hathaway,\u00a0Greg Abel, won\u2019t be able to count on the support of Buffett\u2019s family as the company\u2019s biggest shareholder for as long as he thought.<\/p>\n<p>Nevertheless, Buffett said he believes it\u2019s clear that Abel is the right man to lead the conglomerate he built, and \u201cthat becomes more evident by the day.\u201d<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>However, Buffett did note that Berkshire\u2019s big investment in Google\u2019s parent company, which has grown in value considerably over the past year, is one he initiated and not an investment Abel picked, though Abel did agree on it. Just last month, Berkshire agreed to\u00a0invest another $10 billion\u00a0in Alphabet after previously\u00a0tripling its stake\u00a0in the company.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3504\">Scott Bessent says $1 coin with Trump\u2019s face on it will \u2018honor the enduring legacy of liberty\u2019 with a \u2018lasting symbol of patriotism\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The 95-year-old defended his old partner while quietly speeding up his plan to give away his own $140 billion fortune.<\/p>\n","protected":false},"author":1,"featured_media":3509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-3510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-philanthropy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Warren Buffett on Bill Gates\u2019 \u2018distasteful\u2019 friendship with Jeffrey Epstein: \u2018No one bats a thousand in the business of choosing people\u2019 - 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