Buffet is a monopoly prospector. He sniffs out mid-range, back-alley, under-the-radar businesses with firm balance sheets that dominate their particular market.
For instance, BNSF owns 11% of western U.S. inter-city rail lines in urban markets, most of which are experiencing sturdy population growth. That's a lot of urban freight rail-line for one fella to own, and as those urban areas grow....
Buffet is a monopoly prospector. He sniffs out mid-range, back-alley, under-the-radar businesses with firm balance sheets that dominate their particular market.
For instance, BNSF owns 11% of western U.S. inter-city rail lines in urban markets, most of which are experiencing sturdy population growth. That's a lot of urban freight rail-line for one fella to own, and as those urban areas grow....