5 ms·

I'm pretty sure Buffett's company, which invests in both Union Pacific and insurance, is incentivized to resolve this. This photojournalist probably just helpe

I'm pretty sure Buffett's company, which invests in both Union Pacific and insurance, is incentivized to resolve this. This photojournalist probably just helped him make a bunch of money by identifying a prime location for an ongoing problem. The fact that we saw it before UP did doesn't mean they aren't incentivized to stop it. It's obviously bad business if their deliveries are missing packages.

basementcat 5y ago
I think Berkshire Hathaway owns Burlington Northern and not Union Pacific.
- unityByFreedom 5y ago
  I believe they've invested in UP in the past. I don't know how to look up how much.
  - desdiv 5y ago
    From 2007: >A May SEC filing revealed Berkshire owned 10.5 million shares of Union Pacific unp and nearly 6.4 million shares of Norfolk Southern nsc. >Berkshire omitted those investments from a quarterly summary of its stock holdings filed earlier this month because the SEC allowed the company to keep them confidential, so it's not clear how much Union Pacific and Norfolk Southern stock Berkshire currently owns. [1] https://abcnews.go.com/Business/story?id=3550477&page=1 https://abcnews.go.com/Business/story?id=3550477&page=1 Berkshire's 2022 ownership of UP (if it exists) is less than 1%.[2] [2] https://money.cnn.com/quote/shareholders/shareholders.html?symb=UNP&subView=institutional https://money.cnn.com/quote/shareholders/shareholders.html?s...
suction 5y ago
I just can't imagine that the train operator isn't aware of this. Why is it allowed to go on for days / weeks, or even months? If they know where it happens, what's the holdup? Just waiting there in a hiding spot until the perpetrators come and start looting, arrest them, rinse and repeat.
- mschuster91 5y ago
  > If they know where it happens, what's the holdup? As long as sum(value of goods lost) < sum(priced-in value of goods lost/damaged)+sum(expected cost of health/liability/life insurance rate hikes after robbers maim or kill staff), nothing will be done, it would simply be more expensive and risky.

basementcat 5y ago

I think Berkshire Hathaway owns Burlington Northern and not Union Pacific.

unityByFreedom 5y ago
I believe they've invested in UP in the past. I don't know how to look up how much.
- desdiv 5y ago
  From 2007: >A May SEC filing revealed Berkshire owned 10.5 million shares of Union Pacific unp and nearly 6.4 million shares of Norfolk Southern nsc. >Berkshire omitted those investments from a quarterly summary of its stock holdings filed earlier this month because the SEC allowed the company to keep them confidential, so it's not clear how much Union Pacific and Norfolk Southern stock Berkshire currently owns. [1] https://abcnews.go.com/Business/story?id=3550477&page=1 https://abcnews.go.com/Business/story?id=3550477&page=1 Berkshire's 2022 ownership of UP (if it exists) is less than 1%.[2] [2] https://money.cnn.com/quote/shareholders/shareholders.html?symb=UNP&subView=institutional https://money.cnn.com/quote/shareholders/shareholders.html?s...

suction 5y ago

I just can't imagine that the train operator isn't aware of this. Why is it allowed to go on for days / weeks, or even months? If they know where it happens, what's the holdup? Just waiting there in a hiding spot until the perpetrators come and start looting, arrest them, rinse and repeat.

mschuster91 5y ago
> If they know where it happens, what's the holdup? As long as sum(value of goods lost) < sum(priced-in value of goods lost/damaged)+sum(expected cost of health/liability/life insurance rate hikes after robbers maim or kill staff), nothing will be done, it would simply be more expensive and risky.