20080621
Warren Buffett nails another one…
Was reading the Nytimes story regarding the move people are doing to cut the cost of traveling/transportation and how Amtrak have seen a surge in bookings.
Overall growth for May compared to last year seem to be around 15% which is phenomenal growth. Obvious reason is the high cost of fuel, which makes using the train a cheaper alternative in many cases (and more environmental friendly).
This had me think of the news that Warren Buffett invested in rail operators beginning of last year, and lo and behold, the shares he picked up seem to have gained around 20% over the last 12 months.
Scary, i guess he did it again…
Posted at 1:31 pm,
