Monday, May 2, 2016

Buffett Decries ‘Spurious’ Soda Blame For Obesity


By Financial Times, April 30, 2016 

Warren Buffett set himself on a potential collision course with public health campaigners when he said it was “quite spurious” to lay the blame for obesity and diabetes at the door of fizzy drinks companies, such as his part-owned Coca-Cola.

The 85-year-old investor — and renowned Cherry Coke drinker — insisted consumption levels were a matter of personal choice as he took the stage at the annual meeting of his investment vehicle Berkshire Hathaway.

Sweet defences aside, Mr Buffett was at pains to avoid political controversy, although his caution did little to dispel enthusiasm among the almost 40,000 shareholders who made the trek to Omaha, Nebraska, a few thousand short of last year.


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