- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- EXCERPTS and IMAGES: Warren Buffett & Bill Gates - Keeping America Great
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Warren Buffett and Bill Gates Share Their 'Optimism' With Eager Columbia Business Students
- Light the Lights! Buffett and Gates Prepare to Answer Students' Questions at Columbia
- Warren Buffett Ranked #14 On Forbes 'Most Powerful People' List
- Warren Buffett and the Crisis: 'Brilliant Moves Interspersed with Some Surprising Errors'
- Warren Buffett to Sell Stakes In Union Pacific & Norfolk Southern
RSS FEED
MOST SHARED
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Today's Market Action
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Israel Going Green
- Inside Wal-Mart's Acai Berry Juice Maker
- China's Role as Lender Alters Dynamics for United States
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
- China: Low US Interest Rates Threaten Recovery
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- White House Plans to Freeze Spending to Cut Deficit
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- This Year's Biggest Thanksgiving Leftover: Cash
Warren Buffett Watch
Text Size 
 |
Nati Harnik / AP |
"Don't count out Warren Buffett."
That's how I began my post one week ago as I launched our '2007: The Year in Warren' countdown, going from #10 to #6 of the top 10 trends and events of the year, as covered here on Warren Buffett Watch.
That was before Buffett showed us again why you can't count him out, as he turned what should have been an uneventful holiday week into a whirlwind of activity.
So, slightly delayed, but fortified with new material, here comes the 'final countdown' from #5 all the way to #1.
#5 RIDING THE RAILS
 |
It's not a sector-wide bet, in keeping with Buffett's preference to buy with laser-like precision rather than broad sweeps. Even as he was buying Burlington, we learned he was selling shares of two other railroads: Norfolk Southern and Union Pacific.
Burlington fits the classic Buffett model: a well-run, simple-to-understand industrial company that will benefit from the better economic times Buffett knows are coming back sooner or later. The railroad's protection from competitors, who would have to spend a lot of time and money building new tracks, is also a key factor, as it is in many Berkshire investment decisions.
Data is a real-time snapshot *Data is delayed at least 15 minutes