Buffett: BNSF buy is Berkshire's top 2010 highlight

摘要

Of this, Warren Buffett is certain: His all-in wager on the economic future of the United States looks even better now than it did when he placed it a little more than a year ago.rnIn a Feb. 26 letter to Berkshire Hathaway Inc. shareholders, Buffett noted that the com pany's highlight of 2010 was the BNSF Railway Co. acquisition-"a purchase that's working out even better than I expected," he wrote. And he expects more good things to come, citing rail's cost and environmental advantages over trucking.rn"Over time, the movement of goods in the United States will increase, and BNSF should get its full share of the gain," Buffet wrote, adding that to get it, BNSF must "invest massively."rnNo worries there. "No one is better situated than Berkshire to supply the funds," Buffett wrote. "However slow the economy, or chaotic the markets, our checks will clear."rnAnd that all-in bet will pay off-for Berkshire and beyond, Buffett believes.rn"No matter how serene today may be, tomorrow is always uncertain," he wrote. "Don't let that reality spook you…. America's best days lie ahead."rnRail's, then, too.