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‘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…
Posted on November 3, 2009 with Comments
Yes, that's a silly title, and no, it doesn't mean too much, besides a hint that this blog of mine doesn't have a strict theme. Things that I obsess over include but are not limited to: synthetic/systems biology, urban planning and economics, politics, web technology and publishing, craft beer, and bicycles. My curiosity is probably both my biggest asset and my biggest liability. So! You can also find me on twitter as @candometa, on facebook, and last.fm.
