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 . . .
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