Breadcrumb trail navigation:
By John Gapper
Published: November 5 2009 02:00 | Last updated: November 5 2009 02:00
In the annals of double-edged compliments, Warren Buffett's description of his planned $27bn acquisition of Burlington Northern Santa Fe as an "all-in wager on the economic future of the US" ranks highly. If the best expression of the future of the US economy is a railway operator dating back to the mid-1800s, then growth investors might be advised to look instead to China, India or Brazil.
Perhaps to balance his criticism of the US trade deficit and doubts about the dollar, Mr Buffett often eulogises the US economic system. "It has unleashed potential as no other system has and will continue to do so. America's best days lie ahead," he wrote in his 2008 letter to shareholders of Berkshire Hathaway.
You have viewed your allowance of free articles. If you wish to view more, click the button below.
Read Full Article »
