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| Maybe we should be like Gates and Buffet and buy railroads?
https://www.producer.com/news/bill-gates-owns-largest-ownership-stak...
“Warren Buffet, the world’s seventh richest man according to Forbes, owns the Burlington Northern Santa Fe Railway Co., the largest freight railroad in North America, according to Wikipedia.
“Just imagine owning a railway. Who could dream of that?” said Prentice.
He thinks railways are asset-heavy investments that are a good hedge against inflation.
“People like that who have a lot of wealth, they want to put it into something that’s going to hold value,” said Prentice.
“”Technology stocks have rapidly risen in value of late, but Prentice wonders if somebody like Gates, who is intimately familiar with that world, recognizes that tech stocks may not be as sustainable and reliable as something like a railway.
He referred to it as investing in things that hurt when you drop them on your foot.““
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“ The fourth richest man in the world has quietly become by far the biggest shareholder in Canada’s largest railway.
Microsoft founder Bill Gates has amassed a sizeable ownership stake in Canadian National Railway Co.
Most of those shares were acquired through Cascade Investment LLC, an investment firm solely owned by Gates. Cascade owns 101,400,770 shares, or 14.28 percent, of the railway, according to CNN Business.
The Bill & Melinda Gates Foundation Trust owns another 13,661,683 shares or 2.08 percent of the company.
Combined, that is a 16.36 percent ownership stake in CN. The next largest shareholder is Massachusetts Financial Services Co., with a 4.79 percent share of the company.”
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Helps when Joe Biden stifles the pipeline competition by executive order... it’s good to know the king. Getting a return on those campaign donations after all.
https://www.forbes.com/sites/lisettevoytko/2020/11/09/heres-how-bill...
Edited by JonSCKs 2/7/2021 20:58
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Stock market over valued?
