Sunday, November 8, 2009
Setting the Table for a Buffet
Perhaps a knowledgeable and keen businessman such as Warren Buffet is the key to restoring the railroads to prominence in this country. It would be interesting to see if such a large buy in BNSF is going to give others a small push to start thinking about passenger rail as a buy situation as well. One of the things that I think he will benefit from are the billions of dollars that will go into rail lines between cities for high speed rail. Because the government is pushing harder for HSR than anything else, and so far it's a popular program, he knows that if he plays correctly within the confines of the current government parameters, the sky is the limit. Who knows, perhaps he'll be on track to follow in Vanderbilt's footsteps.