Bullish Buffett Bets on Railroad

Warren Buffett made the biggest bet of his career, agreeing to buy Burlington Northern Santa Fe Corp. in a $26.3 billion deal that reflects a very bullish, longterm  outlook toward the investment.

The deal for the nation’s largest railroad operator by revenue will speed the transition of Mr. Buffett’s Berkshire Hathaway Corp. into a megaoperator of industrial firms, moving the Omaha, Neb., conglomerate further from its roots as a nimble investment outfit.   [Read More]

Mr. Buffett’s investment practices have long served as political and economic indicators.  Buffett’s acquisition functions as a reiteration of the lack of confidence in President Obama’s leadership and economic policies: a view that is shared by the majority of Americans according to the latest Rasmussen poll.