A somewhat prescient video. OK, so Buffett hasn't bought out American Express. As to the talk about a big play and energy - the pruchase of Burlington Northern Santa Fe Railway seems to fit that bill. Greenwald doesn't like Buffett's purchase, which he describes as "an energy play", his reasoning being that railways have a cost advantage relative to truck deliveries as energy price move up. Greenwald also dislikes the amount paid for Burlington.
A somewhat prescient video. OK, so Buffett hasn't bought out American Express. As to the talk about a big play and energy - the pruchase of Burlington Northern Santa Fe Railway seems to fit that bill. Greenwald doesn't like Buffett's purchase, which he describes as "an energy play", his reasoning being that railways have a cost advantage relative to truck deliveries as energy price move up. Greenwald also dislikes the amount paid for Burlington.
We shall see.
aidanqn 1 year ago