Buffett Is All-In
November 4, 2009
Warren Buffett, CEO of Berkshire Hathaway, announced the acquisition of the Burlington Northern Santa Fe Corp, the nation’s second largest railroad. Currently Berkshire Hathaway owns 22% of the company and will buy the rest for approximately $34 billion. Railroads are a quality investment as it will continue to be an attractive transportation option with the rising costs of diesel. In his statement, Buffett is quoted, “Most important of all, however, [this acquisition is] an all-in wager on the economic future of the United States. I love these bets.” click here for limerick
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