Correction Feb. 3, 2021: Removing reference to Energy Information Administration / Department of Energy in paragraph 15, the data is from BTS. It also explains why one is a professor - a smart one though - and the other the world's greatest investor. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Warren Buffett und Barack Obama im Weißen Haus, Juli 2011. Then all through 2008 Buffett was able to invest that cash at progressively higher rates of return.Make no mistake, Buffett was not like Michael Burry or Steve Eisman and saw the huge financial collapse coming. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. As per Reuters reports and industry experts, the Keystone XL Pipeline’s cancellation does not appear to mean a lucrative jump in business for crude-by-rail that might benefit Berkshire Hathaway’s BNSF railway. Dave Smallen, director of public affairs at the Bureau of Transportation Statistics, sent Reuters estimates for 2020 calculating that of the oil coming from Canada to the United States, 74.4% used pipelines compared to 3% using rail. former Burlington - Rock Island Railroad In 1970, it merged with the Northern Pacific Railway and Great Northern to form the Burlington Northern Railroad The Burlington Northern Railroad Co. v. Woods, 480 U.S. 1 1987 was a United States Supreme Court case that applied the precedent of Hanna v. Plumer to a Burlington Northern Depot or Burlington Northern … In my view the BNSF deal nicely illustrates how Buffett and Munger with their wide circle of competence across many industries view long term trends (in this case the shifts in transportation due to the energy challenge ahead of the US) as one form of a company having a sustainable moat. Ever since the first quarter of 2007, Warren Buffett’s Bershire Hathaway (NYSE:BRK.A) has been buying into Burlington Northern Santa Fe Corp. (BNI). Business Insider ( here ) also reported on Buffett not donating to Biden during this election after having donated to Hillary Clinton and Barack Obama in past elections. Thoughts on Warren Buffett's View of Diversification. $ nicht einzeln auf, da wir damit fortfahren werden sie zu kaufen. ... including Burlington Northern. US-Dollar. For 2005, 2006 and 2007 I watched as Buffett sat with tens of billions of dollars on the Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) balance sheet earning virtually nothing. In a huge vote of confidence in the recovering U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., which runs the nation's “I love these bets.” “We are thrilled to have the opportunity to become a part of the Berkshire Hathaway family,” said Matthew K. Rose, Burlington Northern Santa Fe chairman, president and chief executive officer. MOST U.S. OIL IMPORTS FROM CANADA USE PIPELINES, NOT RAILWAYS. I’m sure there were plenty of decent opportunities that Buffett passed on while waiting, but having cash when nobody else does is the best way to amplify your returns.Given my level of admiration for Buffett I was somewhat annoyed when I read this from Bruce Greenwald immediately after Buffett completed the $44 billion acquisition of Burlington Northern:“I know you own Berkshire Hathaway, so I have to ask you what you think about Buffett’s purchase of Burlington Northern.Greenwald:It’s a crazy deal. As far as I know did Buffett pay closer to 44 bln for BNSF? Their profitability is much lower than it looks. Mitte der 1990er Jahre kam es im amerikanischen Eisenbahnsektor zur bis heute … “We admire Warren’s leadership philosophy supporting long-term According to public records from OpenSecrets and a spokeswoman for Buffett, this claim is false. Buffett gave no money to the Biden presidency campaign in 2020. Months later, in an interview with Charlie Rose, the sage of Omaha admitted the price tag was steep. Fundamental company data provided by Morningstar, updated daily. Warren Buffett’s ‘elephant-gun’ purchase of the Burlington Northern Santa Fe, LLC (NYSE:BNI) railroad for $34 billion in 2010 was impeccably timed (coming as it did a year off the 2008-2009 financial crisis) and a huge bet on the revival of the US economy. Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if … Warren Buffett's company recently discovered it owns two short-line railroads that it must sell because of its 2010 acquisition of the Burlington Northern Santa Fe … So you don’t have a good aggressive management over these five years producing outsized returns. Read more about our work to fact-check social media posts   here  . Ever since the first quarter of 2007, Warren Buffett’s Bershire Hathaway (NYSE:BRK.A) has been buying into Burlington Northern Santa Fe Corp. (BNI). The posts say Buffett’s railroad “is now transporting all that oil” following the Keystone XL Pipeline’s cancellation. There is nothing special about the railroads. Buffett’s paying 18-times [at $100/share] and at $75 he was paying 16-times. Days after U.S. President Joe Biden cancelled construction plans for the Keystone XL Pipeline - meant to carry oil from Canada’s Alberta province to Nebraska - posts on social media alleged this move was due to Warren Buffett’s extensive political donations to Biden’s campaign. Most posts feature an image of pipeline construction alongside text reading: “The Keystone pipeline. FORBES estimates its value has doubled since then. Warren Buffett Couldn't Have Imagined the Success of This Purchase When Berkshire Hathaway bought Burlington Northern Santa Fe… Warren Buffett is spending $34bn on the Texas-based Burlington Northern Santa Fe railway. Anlagegrundsätze. “It’s expensive to transport crude by rail, especially over long distances,” Ben Cahill, a senior fellow in the Energy Security and Climate Change Program at the Center for Strategic and International Studies (CSIS), told Reuters via email. Again as with the banks the year before, Buffett wasn’t investing in company fundamentals as much as he was investing in … Warren Buffett said he's making an "all-in wager on the economic future of the United States" with the purchase of railroad Burlington Northern Santa Fe. Warren Edward Buffett [ˈbʌfᵻt] (* 30. Warren Buffett will den Eisenbahnkonzern Burlington Northern Santa Fe ganz übernehmen. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Buffett's Berkshire Hathaway has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion. OMAHA, Neb. OpenSecrets.org by the Center for Responsive Politics, a non-profit and nonpartisan research group based in Washington, D.C. focusing on government transparency and tracking money in politics, lists Warren Buffett’s political contributions  here . BNSF essentially invented the business of carrying crude oil by rail when it launched its first long oil train in 2009. In a huge vote of confidence in the recovering U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe … Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate that acquired Burlington Northern Santa Fe Corp (BNSF) in … The news agency also admits trains on the BNSF carry lots of energy (especially oil and coal). They report depreciation and amortization, and they report only about 70% of the maintenance cap-ex. Nach einer aktuellen Meldung vom 31. Das Geschäft hat ein Gesamtvolumen von 44 Milliarden Dollar. Currently, Mr. Buffett is Chairman & Chief Executive Officer of Berkshire Hathaway, Inc. and Chairman & Chief Executive Officer at Berkshire Hathaway Assurance Corp., Chairman & Chief Executive Officer of General Reinsurance AG, Chairman & Chief Executive Officer of … But he was waiting for a big opportunity, not sure when, why or how that opportunity would arrive.It takes incredible discipline to sit and wait. The world's second richest man, Warren Buffett, is buying himself an enormous train set by acquiring one of America's largest freight railway operators, Burlington Northern Santa Fe, … BNSF people are from all areas of the country and have a variety of skills. Die Burlington Northern Santa Fe LLC ist eine amerikanische Holdinggesellschaft. NEW YORK (MarketWatch) — Berkshire Hathaway Inc. said Tuesday it agreed to buy railroad operator Burlington Northern Santa Fe Corp. in a $44 billion deal that Chairman Warren Buffett called “an all-in wager” on the U.S. economy. Correcting Wood Mackenzie team name in paragraph 22. What Is in the GuruFocus Premium Membership? Berkshire Hathaway's stake in Burlington Northern Santa Fe is up to 19.83 percent, after Warren Buffett's holding company bought 3.3 million additional shares on Monday and Tuesday. As a bit of history, Buffett purchased BNSF in a $44 billion deal in 2009. CNN has reported that Warren Buffett’s company, Berkshire Hathaway, will buy railroad corporation Burlington Northern Sante Fe ("BNSF") for $44 billion.. Berkshire (BRKA, Fortune 500), which already has major stake in Burlington Northern, said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.The deal, which would … It has three transcontinental routes that provide rail connections between … If built, TransCanada's Keystone XL (KXL) pipeline would carry tar sands crude, or bitumen (“dilbit”) from The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. It is the company’s biggest acquisition ever. 'Buoyed by an onshore oil boom, Burlington Northern Sante Fe has become a cash machine for Mr. Buffett,' Investment News reported in 2015. NYT: Awesome Train Set, Mr. Buffett . They are paying 18 times earnings, but it’s really much worse than that. You don’t have a high earnings return. LEARN MORE Our Railroad. Currently, Mr. Buffett is Chairman & Chief Executive Officer of Berkshire Hathaway, Inc. and Chairman & Chief Executive Officer at Berkshire Hathaway Assurance Corp., Chairman & Chief Executive Officer of General Reinsurance AG, Chairman & Chief Executive Officer of … CNN has reported that Warren Buffett’s company, Berkshire Hathaway, will buy railroad corporation Burlington Northern Sante Fe ("BNSF") for $44 billion.. Berkshire (BRKA, Fortune 500), which already has major stake in Burlington Northern, said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.The deal, … By DAN BARRY. The Burlington Northern Santa Fe (BNSF) Railway Company (reporting mark BNSF) is the largest freight railroad network in North America.One of seven North American Class I railroads, BNSF has 41,000 employees, 32,500 miles (52,300 km) of track in 28 states, and more than 8,000 locomotives. Stock quotes provided by InterActive Data. He files all filing requirements for political contributions and made no contribution to any PAC.”. Most of the oil that would have been transported by the now-cancelled Keystone XL Pipeline will likely use existing and new pipeline infrastructure, not railways. See how politics works? Warren Buffett ‘s Berkshire Hathaway (NYSE: BRK-B) bought Burlington Northern Santa Fe for $26.5 billion back in 2010. Mit dem Deal setzt Buffett … It looked to us like an oil play. Warren Buffett's Berkshire Hathaway announced it would purchase Burlington Northern Santa Fe... [+] railroad for $44 billion on November 3, 2009. A map of the Keystone XL’s route alongside the existing Keystone Pipeline System, operating since 2010, can be seen  here   . Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a … Warren Buffett's $26 billion " bet on America " is now official. See here for a complete list of exchanges and delays. Warren Buffett would lose billions in transport fees if the pipeline is completed. It has three transcontinental routes that provide rail connections between the … ... US-Dollar seinen Anteil von 22,6 % an US-Eisenbahn-Konzern Burlington Northern Santa Fe auf 100 %. At $100/share we think he has lost his mind." Some estimates suggest that the value of Burlington Northern has doubled, thanks to soaring profits and cash flow. Reuters reported in 2013 - when the Keystone XL was being debated - that some industry officials, energy analysts and recent data raised questions about whether the industry really is eager to adopt crude-by-rail, primarily pointing to the economic cost of using rail over pipelines ( here ). You can learn a lot on every successful investment that Buffett made. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. 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