Posted by: loomisisc | November 4, 2009

‘Buffet Bets Big on Railroad’ reads front page of Wall Street Journal




Warren Buffet of Berkshire Hathaway Corp. / Bloomberg Images



Warren Buffet’s Berkshire Hathaway Corp, announced their purchase of Burlington Northern Santa Fe Corp., the nation’s largest railroad operator by revenue for $26.3 billion according to today’s Wall Street Journal. This is Berkshire’s largest acquisition.

Warren Buffet, the world’s second richest man, made a sensible move “because there is no replacing rail,” said Keith T. Poole, a professor of political science at the University of California, San Diego in today’s New York Times. “As the economy recovers, railroad freight will very likely spike up…The push toward reducing greenhouse gases will also favor rail because it is far more energy efficient…”

Read analyst commentaries here.

Smart investors are choosing rail. Investing in rail is the smart choice for Oahu.

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