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Buffett Says Of Burlington Deal, Id Rather Be In The West

December 22nd, 2009

Railroad | ,

“I think the West is going to do well,” Buffett told workers of Burlington Northern during an in-house interview with the railroads chief executive officer, Matthew Rose. “Id rather be in the West than the East.”
The $26 billion purchase of Fort Worth, Texas-based Burlington Northern is the biggest of Buffetts career, and what he called an “all-in wager” on the U.S. economy. Burlington stands to benefit from an increase in shipments of goods from the U.S.s Asian trading partners, including China.
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Buffetts Large Bet: $34b On 2nd-largest Railroad

November 4th, 2009

Railroad | ,

The acquisition of Burlington Northern Santa Fe, the nations second-largest railroad, would be the biggest ever for Warren Buffetts Berkshire Hathaway investment company.
Its a natural fit for the Oracle of Omaha, a city with a special place in railroad history. It was the starting point for the westward push of the transcontinental railroad. Today, Omaha is the headquarters of Union Pacific, and BNSF trains rumble through every day.
In a statement, Buffett, whose investing decisions are carefully scrutinized by the world of finance, voiced confidence in the railroad industry.
“Most important of all, however, its an all-in wager on the economic future - - - - >



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