-
‘It’s an all-in wager on the economic future of the United States,’ Buffett said in a statement, adding railroads will benefit in a recovery. ‘I love these bets.’
With Berkshire’s support, BNSF will be able to invest in its infrastructure and not have to worry about meeting quarterly expectations, said Thomas Russo, a partner with Gardner Russo & Gardner in Lancaster, Pennsylvania, which counts Berkshire as its second-largest holding.
Way to go, Oracle, but it’s frightening that such a corporation must literally rely on the intervention of a financial superman to raise its eyes from quarter-to-quarter profit chasing and think strategically…
blog comments powered by DisqusPosted on November 3, 2009 with Comments
You can find me on twitter as @candometa and on flickr, facebook, and last.fm.
