So is Warren Buffett a patriotic capitalist or a capitalistic patriot? I would argue the former. Yes, he loves to make big statements. Yes, he loves to lend confidence to the American investor. He did it last October when he purchased a big chunk of Goldman Sachs and loaned them some money. He did it today when he bought Burlington Northern Railroad calling it an “all in wager” on the American economy. Make no mistake, the man is about making money…he is truly a capitalist. The interesting part about Warren Buffett is that for a man who is nearly 80 years old, his time horizon is still amazingly long! This is not a short-term play. He believes though, that as the railroads get more efficient, they will become very useful in moving goods around the country as this economy improves. He also believes railroads in general are undervalued BUT make no mistake…he is a capitalist with patriotic tendencies.
