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



Posted on: November 4, 2009

Filed under: Other



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