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I imagine this will get sorted since Buffett both invests in Union Pacific and provides insurance. He famously doesn't get involved in the companies in which he
by unityByFreedom 5y ago
I imagine this will get sorted since Buffett both invests in Union Pacific and provides insurance. He famously doesn't get involved in the companies in which he invests, but I imagine his people could shoot over a question like, "why is this happening?"
- perihelions 5y agoSociety should be strong enough *not* to have to rely on random idiot billionaires to sponsor basic social services like law enforcement.
- unityByFreedom 5y agoThe railroad itself is incentivized to secure its own goods. We aren't "reliant" on them to do that. If Buffett sells his stake in UP, someone else buys it and the company continues on. They got big because they figured out how to build a profitable business. Part of that is security. None of that makes us dependent on them. We have a mutual dependence through trade. Businesses provide something we want, and we give them something they want.
- mdasen 5y agoI don't think Buffett invests in Union Pacific. His company fully owns BNSF which holds a duopoly with Union Pacific in the Western United States. It looks like Buffett owned Union Pacific shares a while back, but sold them in 2009 so that they could buy BNSF.