Warren Buffet

Discussion in 'Current Events' started by moreluck, Nov 3, 2009.

  1. moreluck

    moreluck golden ticket member

    What's your take on Buffet buying a railroad ???????
     
  2. Jones

    Jones fILE A GRIEVE! Staff Member

    He has a lot of money?
     
  3. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I just read the article. He is offering $100 cash per share of outstanding Burlington Northern stock or an equivalent amount in Berkshire stock. He is betting that railroads will once again be an integral part of moving goods cross country. Shares of BN jumped 27% on the news.

    I think it is a smart investment and hope that he lives long enough to see the return on his investment.
     
  4. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    He wants to complete his real life Monopoly board.
     
  5. rod

    rod retired and happy

    Its too bad a large part of the railroad infrostrucrure has been sold off. Many thousands of miles of tracks have been torn up and the right-a-ways sold. It would take billions and billions of dollars to get the railroads back to the powerhouse they once were-------------------------------Crap--------- I hope I didn't give Obama another idea
     
  6. bbsam

    bbsam Moderator Staff Member

    Looks like Buffet believes the Obama stimulus is going to have a lasting effect. But what does he know.
     
  7. 1989

    1989 Well-Known Member

    I think he is bailing out one of his poor investments.