Buffett to Investors: Railroads are Resilient Businesses

In his 2016 letter to Berkshire Hathaway shareholders, Warren Buffett argues that the resilience of the railroad business makes it an attractive investment, writes Validea CEO John Reese in a recent article for TheStreet. Buffett summarizes his faith in the industry, writes Reese, as “justified both by our past experience and by the knowledge that society will forever need huge investment in both transportation and energy.” Using the stock screening models he developed based on… Read More