Berkshire’s $34B BNSF Railroad Investment Nearly Doubles In 4 Years

If you think the man has lost his touch, think again. 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. However, just four years later, this investment is worth at least $65 billion, according to analysts. “Based on 8x forward EV/EBITDA and a P/E multiple of 14x our 2015 earnings outlook, this would imply a current equity value for BN of around $65bn,” say Barclays analysts Jay…