Muckety

Muckety mover - Warren Buffett, railroad baron

By Muckety

November 4, 2009 at 8:59am
Muckety up

Does Warren Buffett know something we don’t?

The answer, on so many subjects, is yes. But about railroads making a comeback?

Buffett agreed Tuesday to spend $26 billion on the Burlington Northern Santa Fe Corporation.

“This is all happening because my father didn’t buy me a train set as a kid,” he joked.

There may be some truth in that; a love of ice cream led to his purchase of Dairy Queen.

Buffett also argues that railroads outperform trucks with more efficient, environmentally friendly transportation.

Many of those trains are headed west, carrying coal to western U.S. ports, where it will be shipped to Chinese factories.

While the always quotable Buffett says he is investing in the American economy, he may also be betting on China.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

Related stories on Muckety
 Read related stories: Muckety movers  

0 Comments

  • There are no comments yet, be the first by filling in the form below.

Leave a Comment
The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.


Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2009 Muckety LLC