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


Joined: 9/15/2006
Posts: 3,905
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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 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: 18,095
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
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muganda
#3 Posted : Monday, January 04, 2010 7:00:10 PM
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Joined: 9/15/2006
Posts: 3,905
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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VituVingiSana
#4 Posted : Monday, January 04, 2010 7:53:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
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
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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 :)
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