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.

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