Maybe, maybe not. All about max profit per unit, not economy or anything else. If it sell, they build it. If not, they drop it. Problem is, retooling takes time. No late model anything is simple today sadly.
Why would Buffet be nervous? If the entire RV industry went down, I don’t think he’s going to starve.
The power companies killed coal because they switched to less expensive fuel sources. Quit blaming everything on the government. The largest power plant in my state is converting to natural gas because they are planning to save 10-15 million dollars annually. Coal isn’t the cheapest fuel anymore. Coal plants also require a lot more maintenance.
He's been investing in trains for about 15 years, and thinks they are going to make a comeback.
His stockholders will take a hit however and don't forget his largest holding... BNSF railroad. They already took a hit on railed crude and will take another hit on diesel fuel cost. Warren will never starve, he's smart but frugal.
I do as well...He's been investing in trains for about 15 years, and thinks they are going to make a comeback.
Warren Buffett thinks railroads will be his firm's key asset in 100 years, while Cathie Wood calls it a 'bad idea'
"I'll venture a rare prediction: BNSF [Railway] will be a key asset for Berkshire and our country a century from now," Buffett said.finance.yahoo.com
All railroads are thrilled about the funding they are getting from infrastructure legislation. The plan is to double the transcontinental tracks to prepare for a shift in transcontinental shipping from truck to rail. The cost of rail shipping with the new infrastructure will be a fraction of truck shipping and will help considerably with the congestion at ports. I saw a presentation from BNSF last fall about these plans. I think it’s a great idea and will especially enjoy traveling interstate highways with less truck traffic. One train replaces 128 trucks on the interstate.
Ummm ...
Which makes no sense at all. Who would WANT to work in a coal mine? Most of them started out as kids because that what Dad, Grandad and Great Grandad did, so it's just what there was to do. Give them an opportunity to learn to do something far more safe and they say ... 'no we do coal, that's what our family does, that's all we know'.