ACEMAN

Riding the Rails: Why BNI Was Berkshire's Best Bet - And Vintage Buffett

Y'alls are missing the real picture perfectly painted by brother Mark Anthony; Buffett is no superman coming to the rescue, he's missed the mark on his valuation and y'all are going to pay for it too! Railroad over capacity, absolutely, righteously correct. It's the coal pipelines that will feed Mid American deals, but at this price it is all wrong. Who benefits here? Massey, Arch, Peabody and utilities generating electricity from good ol' coal? If that is the deal, then he has lost his valuation mind, 'cause if he really wants to make money for his investors he should be invested in Chinese railroads that are bursting at the seems and will now be the beneficiaries of the New Chinese stimulus to increase domestic rails to meet the ever increasing demands for rails to the 400 million folks in China who are about to create 20 new cities. And what do these folks need? They need electricity supplied by coal. And yet China does not have the coal capacity and thus is buying up coal inventory in Australia, Canada, Brazil, South Africa, Chile and Peru: coal and railroads go together like good beignets and hot coffee in
the Café du Monde