What if Buffett didn’t buy the railroad for the railroad?
November 29, 2009
Digital delivery is here and we’re going to need 10x the broadband capacity in a couple of years. Now he has the right-of-ways for all the fiber we need.
And what about that new electrical grid? Is it feasible to lay towers over tracks? I don’t know, but I do know that he now has a path to take all the new electrons from solar and wind farms in the Southwest and the Texas Panhandle to Southern Cal and the Midwest.
One thing’s for sure: No one ever accused him of thinking short-term.