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Tom Russo: Berkshire to `Plow' Money Into Burlington

March 24, 2011 | About:
Tom Russo, who manages about $4 billion at Gardner Russo & Gardner in Lancaster, Pennsylvania, talks about Berkshire Hathaway Inc.'s ownership of Burlington Northern Santa Fe and Warren Buffett's plans for more acquisitions. Berkshire took $2.25 billion in dividends from Burlington Northern in less than 13 months of ownership, almost triple the railroad’s payout rate prior to the February 2010 acquisition. Russo speaks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."



(Source: Bloomberg)



Rating: 3.4/5 (5 votes)

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