Howard Buffett

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Early lifeEdit

Howard Buffett was born in Omaha, Nebraska, to Henrietta Duvall Buffett and Ernest P. Buffett, owners of a grocery business. Ernest P. Buffett's parents were second cousins, both having mainly English descent. The Buffet surname (renamed to Buffett) originates in France with a Huguenot weaver, named John Buffett, who became Buffett's first American Buffett ancestor when he immigrated to New York in the late-1600s.<ref>Roger Lowenstein, Buffett: the making of an American capitalist (2013), p. 5</ref>

Howard Buffett attended public schools and graduated from the University of Nebraska in Lincoln, Nebraska, in 1925. While a student, Buffett was a brother of the Alpha Sigma Phi fraternity. He married Leila Stahl on December 27, 1925. The Buffetts were active members of the Dundee Presbyterian Church.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> After failing to secure a job in the family grocery business, he started a small stock brokerage firm.<ref>Alice Schroeder, The Snowball: Warren Buffett and the Business of Life (Random House, Inc., 2009) books.google.com/books?id=OdpWOjo7EeQC&source=gbs_navlinks_s (Template:ISBN, Template:ISBN)</ref>

CareerEdit

Entering the investment business, Buffett also served on the Omaha board of education from 1939 to 1942. In 1942 he ran for the U.S. House of Representatives in the Nebraska district in which Omaha was located. In that election, Buffett was seen as "a Republican sacrificial lamb in Nebraska's second district when FDR was a popular wartime leader."<ref name=Klein>Klein, Philip (2011-09-20) Buffett's dad was the Ron Paul of his day Template:Webarchive, Washington Examiner</ref> Nevertheless, he went on to win the Republican nomination in the primary and then the subsequent general election.

He was reelected twice. In 1948 he again was the Republican nominee for another term, but was defeated for reelection; however, he was the Republican nominee for the office again in 1950 and won the office back. In 1952 Buffett decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., in which he worked until shortly before his death.<ref>"Howard Buffett." Biographical Directory of the United States Congress.[1]</ref> He also served as the campaign manager for conservative Senator Robert A. Taft in Taft's 1952 presidential campaign.<ref name=Dionne/>

According to Warren Buffett biographer Roger Lowenstein:Template:Cquote

Political philosophyEdit

Howard Buffett is remembered for his highly libertarian Old Right stance, having maintained a friendship with Murray Rothbard for a number of years.<ref>Stromberg, Joseph, The Old Cause, "Howard Homan Buffett: An American Original" (April 24, 2001), Antiwar.com</ref> He "would invariably draw 'zero' ratings from the Americans for Democratic Action and other leftist groups."<ref name=Chronicles>Rothbard, Murray. Life in the Old Right, LewRockwell.com, first published in Chronicles, August 1994</ref>

Buffett was a vocal critic of the Truman Doctrine and the Marshall Plan.<ref name=Klein/> Of the Truman Doctrine, he said: "Our Christian ideals cannot be exported to other lands by dollars and guns."<ref>Vance, Laurence (2006-12-04) Bill Kauffman: American Anarchist, LewRockwell.com</ref> Buffett was also "one of the major voices in Congress opposed to the Korean adventure,"<ref name=Chronicles/> and "was convinced that the United States was largely responsible for the eruption of conflict in Korea; for the rest of his life he tried unsuccessfully to get the Senate Armed Services Committee to declassify the testimony of CIA head Admiral Roscoe H. Hillenkoetter, which Buffett told [Rothbard] established American responsibility for the Korean outbreak."<ref name=Rothbard>Rothbard, Murray N. Confessions of a Right-Wing Liberal, Ludwig von Mises Institute</ref> The CIA failed to predict the Marxist invasion of the Republic of Korea in 1950, just as it had failed to predict the Soviet Atomic Bomb the previous year, it was these intelligence failures that Rear Admiral Hillenkoetter testified about.

Speaking on the floor of Congress, he opposed military interventionism: Template:Cquote

In the summer of 1962, he wrote "an impassioned plea... for the abolition of the draft" in the New Individualist Review.<ref name=Dionne>Dionne, E.J., Why Americans Hate Politics, pg. 265</ref> Buffett wrote:

Template:Cquote

In addition to non-interventionism overseas,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> His son Warren Buffett is not an advocate of the gold standard.<ref>French, Doug (2009-04-03) The Trouble With Warren Buffett, LewRockwell.com</ref><ref>North, Gary (2010-05-29) The Wall Street Journal's War On Gold, LewRockwell.com</ref>

Personal lifeEdit

Buffett married Leila Stahl Buffett (March 18, 1904 – August 30, 1996). Together, they had three children, one son and two daughters:

Doris Buffett (1928–2020), a philanthropist who was married four times.<ref name="DBObit2020">Template:Cite news</ref>
Warren Buffett (b. 1930), a businessman, investor, and philanthropist, Chairman & CEO of Berkshire Hathaway.
Roberta "Bertie" Buffett (b. 1933), a philanthropist who has been married three times; first to Charlie Snorf in 1955, then to Dr. Hilton Bialek. Upon his death in 2002, she married David Elliott, in 2007. He died in 2017.<ref name="BB2024">Template:Cite news</ref>

He died on May 30, 1964 at the age of 60, from cancer.<ref>Template:Cite news</ref><ref name="1964Obit">Template:Cite news</ref>

PublicationsEdit

Buffett, Howard Homan. Human Freedom Rests on Gold Redeemable Money Template:Webarchive, Financial Chronicle 5/6/48
Buffett, Howard Homan. The Evil Men in the Kremlin Must Be Chortling as Militarism Runs Wild in America. Washington, U.S. Government Printing Office, 1952.<ref name="NNDB">Cf. Howard Homan Buffett – entry at the NNDB</ref>

ReferencesEdit

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External linksEdit

"Howard Homan Buffett: Old Rightist Extraordinaire" by Joseph R. Stromberg
"Howard Buffett: A Man of the Old Right" by Noah M. Clarke
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