Tuesday, September 30, 2008

The Oracle From Omaha

Who couldn’t like Warren Buffet. His track record is astonishing on all fronts and he’s so impressively humble. When you listen to an interview his perspective seems like simple common sense. His approach is basically “always buy value”. Last week, he might have illustrated that better than ever….$10 billion put to work buying the last standing financial institution for $.10 on the dollar. The most interesting investment of late in my mind is his purchase in the railroads. The what??? Yes, railroads. Warren might see something coming that everyone is clueless too….a transportation shift back to the rail. Could the “3000 mile salad” take to the rails? Last night I saw a CSX commercial with the tag line “How Tomorrow Moves”. http://money.cnn.com/2008/03/07/pf/sivy_apr.moneymag/index.htm?section=money_topstories

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