<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/339c8f8f-16f0-4f5e-be42-a7113db8bfab/354A232E-B0AB-4ED1-92EC-FFFCAE00BA66/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://roomfordebate.blogs.nytimes.com/2009/11/03/buffetts-bet-on-trains/" href="http://roomfordebate.blogs.nytimes.com/2009/11/03/buffetts-bet-on-trains/" style="font-size: 11px;">roomfordebate.blogs.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://roomfordebate.blogs.nytimes.com/2009/11/03/buffetts-bet-on-trains/"><H2 class="entry-title">Buffett’s Bet on Trains</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://roomfordebate.blogs.nytimes.com/2009/11/03/buffetts-bet-on-trains/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/roomfordebate.blogs.nytimes.com/img/29A5B613-A168-4609-ACEE-91413C3F4392" alt="railroad" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://roomfordebate.blogs.nytimes.com/2009/11/03/buffetts-bet-on-trains/"><P>Warren Buffett is betting big on railroads. He started buying Burlington Northern Santa Fe in 2006 and then made investments in Union Pacific and Norfolk Southern. On Tuesday, his company, Berkshire Hathaway, announced <A href="http://dealbook.blogs.nytimes.com/2009/11/03/berkshire-to-buy-rest-of-burlington-northern-for-44-billion/">the purchase of the 77 percent of Burlington Northern</A> it didn’t already own for about $44 billion (along with the assumption of $10 billion in debt). It is Berkshire’s largest acquisition.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://roomfordebate.blogs.nytimes.com/2009/11/03/buffetts-bet-on-trains/"><P> It has been a long time since railroads were central to America’s booms, bubbles and busts. What does Mr. Buffett’s investment in trains say about prospects for the economy? How can his role be put in historical perspective? </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://roomfordebate.blogs.nytimes.com/2009/11/03/buffetts-bet-on-trains/"><P><SPAN>Updated, Nov. 4, 11:25 a.m. | </SPAN> Joining our discussion this morning are: T.J. Stiles, a biographer of Cornelius Vanderbilt; Jean Strouse, author of “Morgan, American Financier”; and Charles R. Morris, a former banker and the author of “The Sages: Warren Buffett, George Soros, Paul Volcker and the Maelstrom of Markets.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/354A232E-B0AB-4ED1-92EC-FFFCAE00BA66/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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