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Billionairre Buys Railway
Warren Buffet has bought the Burlington Santa Fe railway for $26 Billion,the significance of this move is that this guy hardly ever makes a business mistake and if he thinks railways have a big future then its pretty dammed likely that they do.
I guarantee Britain will come to the same conclusion in about 50 years and wonder then why the rest of the world is so far ahead of us in rail technology |
Does the name Branson ring any bells? It wont be long before the Virgin Brand spreads its wings just a little further. As these billionaires are usual front men for the financial backers and bankers they do trade heavily on their reputation for spotting a good investment. I think Branson will be the first in the queue for the old LNER in 2011.
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Its a question of scale - if you make it in USA, its a massive market with huge returns. If you make it big in UK then you can carry your cash in a wheel barrow instead of dump truck. There arnt that many opportunities to get mega rich on these shores unfortunately.
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