Wazua
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Centum and Transcentury take heart
Rank: Elder Joined: 9/15/2006 Posts: 3,907
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Warren Buffett recorded his worst performance against the stock market in a decade last year after committing $26 billion to a railroad takeover and lowering his expectations for investment returns.
“Reasonable return is good enough,” Buffett said in the interview. “You know, 50 years ago I was looking for spectacular returns, but I can’t get ‘em.”
Bloomberg News
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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WB made a commitment to buy (the rest of) BN... but transaction not completed yet... You are comparing apples to oranges. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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Indeed @VituVingiSana, thanks for the correction.
On a positive note then, it seems Centum and Transcentury may not be far off base. Is there any magic that can turn RVR around faster?
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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RVR needs a new manager as well as cash infusion... This is a long-term project since there is need for a NEW railway line... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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RVR need not just cash but a load of it. But we all know that's where the future is. Unfortunately the railway sector is still too open to corruption.
BBI will solve it :)
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Wazua
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Centum and Transcentury take heart
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