Warren Buffett on Tuesday struck the biggest deal of his life with the $26.6bn purchase of Burlington Northern Santa Fe, one of the largest US railroad operators, in what the billionaire investor called an “all-in wager” on America’s economic future.
The cash-and-shares deal by Mr Buffett’s Berkshire Hathaway, which already has a 22.6 per cent stake in BNSF, caps a long search by the legendary investor for an “elephant” deal to deploy his vast cash pile.
Can you imagine having 26.6 billion dollars, nice not?, so warren bufet had his biggest deal of his life bettig to have a business in railroad in the USA, i think most of u are asking yourselves how did he got this amount of money during this time of crisis? Surely not from the Lotery, so how did Buffet acquired all this, not selling iphones, software, etc. The biggest part of his furtuned was made of "Old-Fashioned" business, as this one of the Railroad, also you could say that Warren Buffet could be kind of crazy betting for this type of business during this crisis but here is a very good explanation of this movement by warren Buffet:" Bankers said the BNSF take-over was typical of Mr Buffett: a deal at a low point in the economic cycle for a group with few rivals in a sector set to benefit from long-term trends such as rising oil prices and stricter environmental standards." So Buffet is practicaly alone and he can only, win and win with not a huge competence, Good Deal huh?
http://www.ft.com/cms/s/0/6078eb54-c87a-11de-a69e-00144feabdc0.html?nclick_check=1
