Speaking of this country's most famous single investor, Warren Buffett, who last year bought a railroad for his holding company. The Northern Pacific went on to do wonders for his bottom line, and shares in his holding company, Berkshire Hathaway, were up 29% in a year, doubling the market's performance. But from his perspective, the railroad was great for others reasons as well:
“Railroads have major cost and environmental advantages over trucking, their main competitor,” said Mr. Buffett. “Our country gains because of reduced greenhouse emissions and a much smaller need for imported oil. When traffic travels by rail, society benefits.
Great to see his shareholders profit from his environmentally-minded wisdom.
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