Will Warren Buffett's railroad bet pay off?

11/17/2009 | Reuters

Even Warren Buffett won't go on forever, writes Felix Salmon -- so does it really make sense for Berkshire Hathaway to be making hundred-year bets on the health of the rail sector? Buffett's successor will inherit an undervalued conglomerate, and he or she will come under pressure to sell off its component parts, Salmon notes. "That's no bad thing: it's intrinsic to the nature of capitalism, which Buffett loves," he writes. "But it does mean that buying companies on a 100-year time horizon is somewhat unrealistic."

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Vice President, Science and Regulatory Affairs
American Beverage Association
Washington, DC
Director - Career Services
The Culinary Institute of America
Hyde Park, NY
Vice President, HEDIS & Performance Outcomes
CareSource
Dayton, OH
Director of Contracting and Compliance
CareFirst BlueCross BlueShield
Multiple Locations, MD