“Brazilian magazine EXAME reports that America’s favorite investor is headed to Brazil. According to the report, Warren Buffett, the world’s third richest man, and his famed investment vehicle, Berkshire Hathaway, are interested in buying up land in the Amazon and are negotiating starting an acquisition company in Brazil specifically for this purpose. Apparently Berkshire execs were visiting Brazil about a month ago checking out the area.
If this is true (Buffett’s camp has not confirmed with us yet), Buffett is, as he tends to be, on point. Just this week The Economist featured an excellent report on “the miracle of the Cerrado” saying that the rest of the world should take notes on how Brazil is revolutionizing farming.” – Source (secondary article here)
Are all those Brazilian tall-tales of how Americans think they own the Amazon coming to fruition? Yes, if you consider Buffett an American. I think he’s more of an internationalist just like all the other billionaires since their bottom lines aren’t confined to borders but rather to profit-margins. If Buffett is seemingly thought ‘smart’ for considering such a spending spree, I think Brazil should be smart and tell him to bugger off. Then again, let’s not delude ourselves, the Brazilian Amazon doesn’t belong to the Brazilian people (even though it could be successfully argued that it should). It belongs to the ones who currently control it, the Brazilian government.