Speaking of Railroads

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There is the underlying problem of using capital to generate more capital. 
Non-productive if ever there was such.

Compared to many rich people, Buffett is a generous man. He gave loads of 
money to the Gates' Foundation -- 85% according to David Morris, and I have 
no reason to doubt the figure -- however, keeping 15% of billions upon 
billions of dollars is not at all generous. He most likely has given a great 
deal to charities, but he is still the second richest man roaming the face 
of the planet.

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----- Original Message ----- 
From: "rich" <richard.romeo at gmail.com>
To: "David Morris" <fqmorris at gmail.com>
Cc: <pynchon-l at waste.org>
Sent: Tuesday, November 03, 2009 2:12 PM
Subject: Re: Speaking of Railroads


> guess my point was the consolidation of power issue. so yeah, I don't
> trust him either
>
> I'm not ready to give Obama any medals, either
>
> On 11/3/09, David Morris <fqmorris at gmail.com> wrote:
>> Is your "he's a nice guy from Nebraska but what does his company do
>> really? he buys other companies"  supposed to sound ominous (as the
>> next line implies)?
>>
>> http://en.wikipedia.org/wiki/Warren_Buffett
>>
>> "Buffett is often called the "Oracle of Omaha"[8] or the "Sage of
>> Omaha"[9] and is noted for his adherence to the value investing
>> philosophy and for his personal frugality despite his immense
>> wealth.[10]
>>
>> Buffett is also a notable philanthropist, having pledged to give away
>> 85 percent of his fortune to the Gates Foundation. "
>>
>> He doesn't sound frightening to me.  He sounds like a caring, successful
>> man.
>>
>>
>> On Tue, Nov 3, 2009 at 3:38 PM, rich <richard.romeo at gmail.com> wrote:
>>> Buffett's Berkshire buying Burlington Northern RR
>>>
>>> Legendary investor Warren Buffett is making what he calls an "all-in
>>> wager" on the U.S. economy -- $34 billion to buy a major railroad that
>>> hauls everything from corn to cars across the country.
>>>
>>> he's a nice guy from Nebraska but what does his company do really? he 
>>> buys
>>> other companies.
>>>
>>> The return of consolidated wealth and power is not only here it's 
>>> getting
>>> mighty frightening
>>>
>>> rich
>>>
>>
>


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