See’s Candies, the confectionery business owned by Berkshire Hathaway, and BNSF, the largest freight railroad network in North America, also owned by Berkshire Hathaway don’t have much in common apart from their parent at first glance.
Q1 hedge fund letters, conference, scoops etc
However, according to Berkshire’s chairman, Warren Buffett they’re both exceptional businesses that have substantial competitive advantages and generate attractive rates of return on capital.