Warren Buffet a Latocer?

[IndianGirl]

http://money.cnn.com/2009/11/03/news/companies/buffett_burlington_northern/index.htm?postversion=2009110308

This is a must read!! Whay does Mr Buffet call his firm's investment an "all-in wager on the economic future of the United States."

Again.."Our country's future prosperity depends on its having an efficient and well-maintained rail system," Buffett said in a statement.

Why? is Mr Buffet a lurking Latocer?

[roccman]

Buffet bought 15% (ish) of Burlington several years ago.

What is interesting about the purchase is he bought when share price was near an all time high.

You think Buffet thinks there is a boat load more play in rail...I think so.

[Anasazi]

Could he be masquerading under the username Forum Zombie?

[Xenopus]

Buffet thinks a more energy-efficient transportation system will become essential. We think he's right, don't we?

[Alecia]

Buffet thinks a more energy-efficient transportation system will become essential. We think he's right, don't we?

Yes, it will be essential, but it's also a pipe dream. The Commuter line that I ride into work can't even get the money to maintain the cars sufficiently.

[jaypro]

Warren was on CNBC this morning... is cited a return of economic growth in a few years that will require efficient transportation.

[Xenopus]

Buffet thinks a more energy-efficient transportation system will become essential. We think he's right, don't we?

Yes, it will be essential, but it's also a pipe dream. The Commuter line that I ride into work can't even get the money to maintain the cars sufficiently.

I know, and I agree. We should have started when Europe and Japan did. It's like California trying to pour zillions into fast rail between LA and SF when they can't even keep the rickety trains they already have running.

[Maya]

http://www.cnbc.com/id/33599584

Buffet acquires Burlington

[cz]

Buffet thinks a more energy-efficient transportation system will become essential. We think he's right, don't we?

Yes, it will be essential, but it's also a pipe dream. The Commuter line that I ride into work can't even get the money to maintain the cars sufficiently.

Yeah, but I don't think he's thinking about "commuter rail" so much as things like, uh, food transportation, etc.
There's no way in hell we can keep shipping single (or double) trailers worth of shit across country in separate trucks, when you can pile them all on a huge train and do the same far more fuel-efficiently.   Sure, you'll have to truck them to their destination locally by truck, but having thousands of trucks crossing the country is hugely inefficient.

[Armageddon]

I am Warren Buffet

[JohnLudi]

or He's been reading Kunstler.

[Phildo]

Buffet thinks a more energy-efficient transportation system will become essential. We think he's right, don't we?

Yes, it will be essential, but it's also a pipe dream. The Commuter line that I ride into work can't even get the money to maintain the cars sufficiently.

Have you done the math on it?

[Midatlantic]

Just like we're going back to rockets in our space program, instead of using the space shuttle, we're going to return to rail instead of trucks.  Turns out, I guess, that we were more advanced in the 1960s and before than we are today.

[bithead1]

Buffet is trying to capitalize on the FEMA camp mode of transportation. He is right that rails will play a big part in our economy sooooooon

[gladius_veritatis]

Some/Many may already know this, but Buffet is a mere boot black for the Rothschilds of the world.

Talk about rail systems, etc., while avoiding the central issue of our intrinsically evil money system is so much distraction.

The Fed or the USA: One must die.