Warren Buffet Goes All-in With BNSF Purchase

Mega-investor Warren Buffet used gambling terminology in describing his $34 billion purchase of Fort Worth-based railroad Burlington Northern Santa Fe: “Most important of all, however, it’s an all-in wager on the economic future of the United States,” said Mr. Buffett. “I love these bets.”

It certainly seems like heartening news when the country’s second-richest man is willing to continue playing his hand. But am I the only one who gets nervous when our entire economic system is likened to a poker game?

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