Warren Buffett on the Redskins

January 22, 2014

(Rick Wilking/Reuters)

Warren Buffett — in the news for a stunt involving NCAA tournament brackets — appeared on Dan Patrick’s radio program on Wednesday. But forget all about the bracket stunt, because the billionaire said something far more interesting about the Redskins.

This happened after Patrick asked about ownership of teams.

“You know, when I was a kid, I thought if I ever made a lot of money, I would go out and buy a team,” Buffett said. “I was a water boy for the Washington Redskins for two games – I lived in Washington at the time – and I thought if I ever had a lot of money I’d buy the Washington Redskins.”

“They want you to buy it,” Patrick noted, which is accurate based on how many Redskins fans instantly contacted me about this interview. “They would love for you to buy it right now, Warren.”

Buffett laughed.

“I think Dan Snyder … I don’t know whether he would sell,” Buffett said, still laughing. “But Sammy Baugh was my hero in those days. That’s a little before your time. But it was the dream of every kid to have a sports team; well, it was the dream of every kid to be a sports star. But of course I never had a chance of that.”

Then Patrick asked whether sports teams are a good investment.

“Well, they’re kind of like art,” Buffett said. “I mean, they go up in value because there’s just a lot of rich people that want to own one, and there’s more rich people than there are teams. So they compete for ‘em. Some of them don’t make much money, as you know, but if you’ve got a lot of money, what are you gonna do with it? Some people buy art, some people buy houses, some people buy boats. I invest, but I’m different.”

Anyhow, more interviews with Buffett about Sammy Baugh and the Redskins, please.

Dan Steinberg writes about all things D.C. sports at the D.C. Sports Bog.
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