Buffett was referring to
A consulting firm offered to make a free assessment of the jail. The gimmick is the company doesn't get paid for their work unless the county builds a new jail facility.
Does anyone want to guess what the company recommended?
If you guessed the firm suggested the county renovate the existing jail facility, you should run to your nearest barber now.
Of course, the firm recommended the jail be replaced. But it did not make an assessment of the costs to repair the existing facility.
Hopeful to be paid soon, the company left that detail up to the county to determine.
As supervisors consider what they should do -- or may be forced to do by local judges who can mandate action -- we urge them to consider Buffett's warning and then use some common sense of their own.
Buffett didn't become a billionaire by spending money frivolously. He's careful about what he buys, and
Logically, repairing the existing jail should be more economical than replacing, and it doesn't take an oracle to see that.
(c)2014 The Natchez Democrat (Natchez, Miss.)
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