WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Tuesday, November 3, 2009

Buffett Deal Won t Be the Last Mega-Merger, Says Diane Garnick

Buffett s Deal Won't Be the Last Mega-Merger, Says Diane Garnick

Warren Buffet is digging deep into his pockets, making a $44 billion bet on the U.S. economy. Buffett's Berkshire Hathaway announcing plans today to buy the remaining stake in railroad giant Burlington Northern Santa Fe it doesn't already own for $100 a share in cash and stock, and assume $10 billion of debt.

Apparently, the Oracle of Omaha is fired up about the acquisition – the largest in company history. "It's an all-in wager on the economic future of the United States. I love these bets," he says.
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