Buffett's Problem With the Stock Buyback

Buffett's problem with the stock buyback thing, honestly, is that it's encouraging management to do to mistreat their owners and not to think of their owners as partners. As you widen what groups you think you're responsible for, then you become responsible to know one. And I think he feels special responsibility for shareholders. He has tried definitely in recent years to avoid being as involved in political stuff because he had some bad experiences with that.