Berkshire’s $34B BNSF investment nearly doubles
If you think the man has lost his touch, think again.
Warren Buffett’s ‘elephant-gun’ purchase of the Burlington Northern Santa Fe, LLC, railroad for $34 billion in 2010 was impeccably timed (coming as it did a year off the 2008-2009 financial crisis) and a huge bet on the revival of the US economy.
However, just four years later, this investment is worth at least $65 billion, according to analysts.
Read the complete story at Value Walk.