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It seems to be a flight from cash, in the prospect of Obama's bailouts and Fed's endless dollar printing. A railroad business makes perfect sense when the incom
by protez 17y ago
It seems to be a flight from cash, in the prospect of Obama's bailouts and Fed's endless dollar printing. A railroad business makes perfect sense when the incoming inflation will give the definite advantage to the low-cost transportation over any other alternatives.
- iron_ball 17y agoParticularly makes sense given Buffett's own public worries about a poisoned dollar.