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Warren Buffett Makes a $44 Billion (!) Bet on Trains, Buys BNSF

That's Quite a Nice New Toy You Got There, and It's Not Even Xmas Has the Oracle of Omaha seen the future? If so, it seems to include more trains, because Berkshire Hathaway, Warren Buffett's investment vehicle, decided to buy the remaining 77.4% of Burlington Northern Santa Fe (BNSF) railway that it didn't already own, and the price tag wasn't small: 44 billion dollars when cash, stock and debt are included. Mr. Buffett says that he's betting on "the United States", because "railroad oper....

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21 days ago

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