"There's a German saying: Man is too soon old and too late smart. We were too late smart. We finally realized that railroads now have a huge competitive advantage, with double stacked railcars, guided by computers, moving more and more production from China, etc. They have a big advantage over truckers in huge classes ...of business." Berkshire co-Chairman Charlie Munger's comment a couple of year back.
Read this along side Buffets statement "an all-in wager on the economic future of the United States".
Do we presume Berkshire believes American economy will be more and more dependent on moving products from China.
Read this along side Buffets statement "an all-in wager on the economic future of the United States".
Do we presume Berkshire believes American economy will be more and more dependent on moving products from China.
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