wazua Sat, May 18, 2024
Welcome Guest Search | Active Topics | Log In | Register

Centum and Transcentury take heart
Options
Previous Topic · Next Topic
muganda
#1 Posted : Monday, January 04, 2010 3:43:43 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
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
Back to top
 Report Abusive | Report SPAM | Edit by user: Monday, January 04, 2010 6:58 PM | Reason: VVS input
VituVingiSana
#2 Posted : Monday, January 04, 2010 5:32:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,060
Location: Nairobi
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
Back to top
 Report Abusive | Report SPAM
muganda
#3 Posted : Monday, January 04, 2010 7:00:10 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
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?
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#4 Posted : Monday, January 04, 2010 7:53:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,060
Location: Nairobi
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
Back to top
 Report Abusive | Report SPAM
2012
#5 Posted : Tuesday, January 05, 2010 6:51:01 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
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 :)
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.