Warren Edward Buffett the 80 year old industrialist and philanthropist Our elephant gun has been reloaded (March 20 2011)

Warren Edward Buffett the 80 year old industrialist and philanthropist, consistently ranked among the world’s wealthiest people, and widely regarded as one of the world’s most successful investors has announced his delight at the success of his recent acquisition of a Santa Fe railway company. In the annual letter to his shareholders, Buffett expresses the highlight of the year being the better than expected outcomes from the acquisition, with great potential as fuel prices increase providing railways a greater advantage over long haul road transport. Buffett’s investment strategy differed considerably from other investors during this recessionary period, going back to basics rather than looking to emerging industries and technologies.

 

Inspired by Annie Lowrey ow.ly/4fvDR image source Mark Hirschey ow.ly/4fvC8