Buffet Buys More BNSF Shares

[joemcspadden]

To get this back on topic.  He has now stated will be buying up to 25% total of the company.  Not to shabby of an investmant.  I wonder how many seats on the BOD they will let him pick.  I know of about 1.9 million empolyees in a company that would love for him to come in and force a board to make some changes to.

Buffet does not operate in this fashion. Even when he makes a
large minority purchase of publicly-traded company's stock, his
intent is almost always to be a "passive" investor.

In all likelihood, he will not make any suggestions regarding the way
BNSF runs its business (including who should be on the board of
directors) unless his opinion is actively sought by the railroad
itself--and maybe not even then. His philosophy has always been,
whether he buys an entire company or a minority stake in a
Wall Street traded company, to let the people who know that
business and understand it best run it.

He got involved in Coca-Cola because the company wanted him
to get involved. He got involved with Soloman Brothers at the
time of the scandal because the US government and Wall Street,
in effect, asked him to. There aren't very many other examples.

One thing is absolutely certain. If Buffet did not believe in the
management of BNSF, he would not have bought the stock.
Obviously, one may take the stance that this view is misguided.
But there should be little doubt about what his view is.
He simply will not buy stock in a company he believes is
run by incompetants or charlatans.

Joe

[Dakguy201]

On Wednesday night about 10pm somebody rang the doorbell at Mr. Buffet's house.  Mrs. Buffet answered.  It was a man with camo face paint and a toy gun.

Mrs. Buffet and a security guard took him into custody after a scuffle.

Obviously, somebody really wanted to know what his intentions are regarding BNSF.  I wonder who has been missing from the forum for a couple of days?