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Warren Buffet loves Choo Choo Trains!

Discussion in 'Political Issues' started by mgs, Apr 17, 2012.

  1. mgs

    mgs Always Carrying Millennium Member

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    Dec 21, 1998
    cogan station, pa, usa
    Guess who wants to haul all the Canadian Oil to Texas via Rail?!!! Warren Buffet who owns Burlinton Southern Railroad. No need for the Keystone Pipeline. Nebraska is also his home who does not want the Pipeline! Surprise!!!!!! Let's play Monopoly and who's moving the oil and funding the Enviromentalists?.....WB.
     
  2. The Maggy

    The Maggy

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    Stillwater, OK
    it takes money to make money, welcome to capitalism, ect. ect.
     

  3. Jonesee

    Jonesee

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    I would call him an entrepreneur...

    He sees a business opportunity and is trying to find a way to profit from it. If a guy makes intelligent moves like that long enough, he might become one of the richest men in the world

    Oh Wait, he is...
     
    Last edited: Apr 17, 2012
  4. barbedwiresmile

    barbedwiresmile Unreconstructed

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    Dixie
    LoL. Look into the circumstances under which Buffett acquired this railroad.
     
  5. barbedwiresmile

    barbedwiresmile Unreconstructed

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    Dixie
    Lmao. Even funnier. An "entrepreneur". Yes, I'm sure you would.
     
  6. Jonesee

    Jonesee

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    Entrepreneur definition: An entrepreneur (i/ˌɒntrəprəˈnɜr/) is an owner or manager of a business enterprise who makes money through risk and initiative.

    Citation:
    http://en.wikipedia.org/wiki/Entrepreneur

    Second definition: en·tre·pre·neur/ˌäntrəprəˈno͝or/
    Noun:
    A person who organizes and operates a business or businesses, taking on financial risk to do so.


    I'm not sure what your comment means, but maybe the definitions above will help.

    You are welcome for the lesson.
     
    Last edited: Apr 17, 2012
  7. Jonesee

    Jonesee

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    As you instructed:

    "Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering U.S. economy."

    Citation and full Article from Reuters:http://www.reuters.com/article/2009/11/03/us-burlingtonnorthern-berkshire-idUSTRE5A22A720091103

    OK, I see an entrepreneur investing $26 Billion on a bet in an industry most shy away from. He paid a 31% premium and 17 times earnings. That isn't a sweetheart deal. That is a man putting a fortune on the line in a high risk investment.

    What do you see?
     
    Last edited: Apr 17, 2012
  8. wrenrj1

    wrenrj1

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    Huskerville
    He bought UP a few years ago, if he had inside info, who knows, but NE's governor is expediting the pipeline process through NE.

    On another note, he just disclosed he has prostate cancer today.
     
  9. barbedwiresmile

    barbedwiresmile Unreconstructed

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    Dixie
  10. Jonesee

    Jonesee

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    Barbed, did you read the whole article you posted? It supports just what I said. Please connect to the Bloomberg link and read the whole article.

    It supports exactly what I stated. He bought a railroad and later saw an opportunity to increase utilization of his company. That is exactly what any business owner is supposed to do.do.

    Here, let me post the Bloomberg article the blog you posted is linking to. Read it all the way through.

    http://www.bloomberg.com/news/2012-...g-winners-in-obama-rejection-of-pipeline.html

    You are welcome for the assistance.
     
    Last edited: Apr 17, 2012
  11. Jonesee

    Jonesee

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    Barb, Please quit using BLOGS as a research tool...

    They are based on opinion with no footnotes. They are not fact checked, nor any more than a writer's opinion.

    Let's see: Reuters news service and all their research and expertise vs misc blogs... Hmmm I will stick with Reuters.

    If you are getting your news and making decisions based on blogs, there is nothing anyone can do to help you. I hope you aren't investing much on that strategy.

    Have a great night. Best of luck to you...
     
    Last edited: Apr 17, 2012