Warren Buffett - This is Always a Bad Investment

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From 2008 to 2009 it was a once in a lifetime year. There was even more panic than the Great Depression because of how fast it came on. Congress came through into the end. We had the right people in Washington. We don't know what would have happened if other men were in that position.

This was a great opportunity to purchase a business that will be around for hundreds of years. It is the most inexpensive way for travel, and it is the best for the environment. Both of those things are going to be important in the future. There will be more people and more goods in America in the future.

If Charlie had agreed with this purchase, then it probably would have been the wrong answer. He just kin of grumbled, which is a goos sign. The railroad business is highly controlled, and it is capital intensive. But it will be here, and if it provides reasonable returns, then that it good enough.

Coal is widely shipped by train. We will wean ourselves off of coal, and we will reduce our use of that over time. If someone wants to replicate a railroad company, it might take $100 million. Railroads have become far more efficient over the years. They move far more goods with fewer people.

Cash is always a bad investment. Cash has never produced anything, and its value will go down over time. We will always have cash around, but it's not good to have too much. You would much rather own a good business. Every currency will be worth less in the future. More money will be printed than there will be goods circulating in the economy.

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• charlie rose

[GMBCATASTROPHE]

Good Lord what a sellout.

[chris77777777ify]

An investor made most of the money from the early years when stocks only went up!!!

An investor who was groomed from child birth. & uses currency swaps to make money today.

He's not from Europe & America is 14 trillion in debt ... WTF

[aem945532]

02:00...Paulson, Bernanke, Geithner??? Three shit sandwiches on one plate. Great.

[camilocuesta]

@mandy26lez If the IRS isn't requesting them to pay that, why are you?

[zebbedi]

@audiopro316 ??

[anyname666]

He hit the nail on the head at 8:40

[caessarion]

what if the devil completely takes over and these guys laugh when millions of americants go to camp fema like jews

[caessarion]

if 911 was an inside job, and the gov had nothing to do with it, then what and who runs who does what to americants?

[caessarion]

fukn devil fuker

[shorfilmman]

Warren buffett says it is the most efficient way to move goods. I think he knows the government is going to use the railroads to move people so he wants to get some control of the market.