Ulysses Benjamin Dover

Buffett's BNI Purchase: Bearish Bet on the Economy?

Going very overlooked I think is that Buffet said this investment is for 10,20 and 30 years out. In the short run, BNSF provides cash flow and an opportunity to make money on rising commodity prices due to supply and demand imbalances that will develop with any recovery however weak, and due to the likelihood we will continue to export coal, all without owning commodities, ala pipelines, over time.

As for permabears, they've been right for a decade, it's unlikely they will not be right awhile longer despite bear market rallies. JMHO.

Ben Dover
RealWisconsinNews.com