Re: Another Assault on the Common Carrier Status of Railroads
Author: Edward
Date: 10-21-2014 - 15:44
Railroads can be lucrative, but as mentioned are capital intensive. So who would make such an invenstment? Someone with good cash flow looking for a place to put it and willing to go for the long term.
Someone like Warren Buffett, who has all that cash coming in from the reinsurance business. As he said, "It is a bet on America."
He went against the common wisdom of the day, but it turned out better than even he expected.