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Old November 4th 09, 04:53 PM posted to rec.autos.driving
Matthew Russotto
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Posts: 1,429
Default Buffet to buy a railroad.

In article >,
Brent > wrote:
>
>http://finance.yahoo.com/news/Buffet...sset=&cc ode=
>
>"NEW YORK (AP) -- The biggest name in investing is making what he calls
>an "all-in wager" on the U.S. economy -- $34 billion to own a railroad
>that hauls everything from corn to cars across the country.
>
>The acquisition of Burlington Northern Santa Fe, the nation's
>second-largest railroad, would be the biggest ever for Warren Buffett's
>Berkshire Hathaway investment company."
>
> -----------
>
>My guess is Obama and company have regulation and tax policy coming that
>will favor rail.


That's not even a secret. The only thing that could bite Buffett in
the butt is if Obama is ineffective at getting said policy passed.
However, in Buffett's case, since he's not an idiot, the company is
likely sound in the first place and that "worst case" will just mean
somewhat smaller profits, not losses.
--
The problem with socialism is there's always
someone with less ability and more need.
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