Buffett’s BNSF has turned into a cash machine

Days after Warren Buffett announced his US$26.5 billion buyout of railroad BNSF, he insisted that he’d paid a steep price to own a business that would benefit his company, Berkshire Hathaway Inc., over the next century.

“You don’t get bargains on things like that,” he said in a November 2009 interview with Charlie Rose that aired on PBS. “It’s not cheap.”

Read the complete story at the Financial Post.