Buffett’s bet to keep jobs in America
“If you buy a railroad, you can’t move it to China or to India or anyplace else. You are betting on the United States. I can’t think of a surer bet.”
- Warren Buffett, explaining Berkshire Hathaway’s (BRKB) $44 billion buyout of Burlington Northern Santa Fe (BNI).
Click here to see Buffett talking about his biggest deal ever with CNNMoney anchor Poppy Harlow.
While the size was a surprise, the bet on America was not. In September, at the Fortune Most Powerful Women Summit, Buffett said he was busy buying stocks and had lots of faith in the U.S. “Our genius in the U.S. is not avoiding problems. It’s overcoming problems,” he told my colleague Carol Loomis.
Their on-stage conversation–recalling the collapse of Lehman (BCS) and its awful aftermath, and also looking ahead–was terrific. We ran snippets earlier on Postcards. But since Buffett is back in the news, we’ll share all 22 minutes:
And if you’re curious to know what it’s like to work for Buffett, read “How Warren Buffett manages his managers.”
- Firms get fit for Michelle Obama
- Power Point: Drew Brees, Superman
- Drew Brees’ stock in strength training
- Hank Paulson’s next big gig
- Distract yourself: the key to big wins?
- Why Martha Stewart is following Oprah to cable
- New jobs for Powerful Women
- Most Powerful Moms: Meg Whitman’s was one
- Helping in Haiti – and helping yourself
- A new global challenge for Xerox’s Mulcahy
- AKH says that it's important "to make... More
- I'm a working mom and sure, it's a ch... More
- Citi is big and will be big again buy... More
- Meg Whitman is long on catch phrases ... More
- Dr. Nancy is a big Pharma shill, alwa... More
- I love this article. I have a great c... More
- I would be delighted if you can ask P... More
- Thank you! My mistake. I've done that... More
- Thanks Anne, I will continue to follo... More
- The profile was written in 2004 and n... More
Restaurant entrepreneur and Food Network star shares her life story. Watch

