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.”
Warren Buffett believes the economy will bounce back
On Burlington Northern Santa Fe he’s taking a whack
The purchase is major
It’s an “all-in wager”
Let’s hope this and other investments, get back on track
No Comments
No Comments
Leave a reply