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  • Buffett's BNI Purchase: Bearish Bet on the Economy? [View article]
    The question is not why did Buffet buy.

    The question is why did the present owners sell.

    This is a poor time to sell a railroad.. The price will be 2 or 3 times higher in 3 or 4 years. It was 30% higher 2 years ago. It will be 30% less as soon as the Fed puts an interest rate above zero on money

    Are they broke?
    Nov 05 10:53 am |Rating: +2 -1 |Link to Comment
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