Atlas Shrugged – a thought….
by Tom on November 3, 2009
in Atlas Shrugged
Okay, this strikes me as a bit ironic. There are many, including me, who believe that a lot of what’s happening in our economy was “foreshadowed” by the book Atlas Shrugged.
So, as I’ve got CNBC on this morning, what’s the main story of the morning? Warren Buffett surprised the markets and is spending a boat load of money to buy another company. What kind of company is he buying?
A railroad.
What industry did Atlas Shrugged focus on?
The Railroad industry.
Coincidence?
Interesting to say the least…..
Tom Vanderwell
Technorati Tags: Burlington Northern,
Did he say he was buying the railroad due to what he sees as the increased revenues from improving industrial/manufacturing sectors’ need for shipping?
I didn’t particularly hear that. What I took away from it was essentially that he’s doing it for two reasons:
1. He believes he can make money (duh.)
2. He believes that rail transportation is still and will continue to be more efficient than trucking for hauling massive amounts of goods and materials.
Tom
It’s the ‘massive amounts of goods and materials’ that gets my attention. They haven’t been so massive of late. Me thinks Warren obviously thinks that’s about to change in a big way. Would like him to share those thoughts — not to mention their origins.