Posted on 01/23/2012 9:20:35 PM PST by STARWISE
I asked my financial adviser about this yesterday and he said all BNSF stock is privately held by Buffet - none is publicly traded. I bought CSX instead.
......then he’ll be trying to sell a railroad instead of stock.
Buffett also owns GEICO and makes around 40 cents profit on every dollar sent to him for premiums. And, AND, that’s why GEICO and that annoying gecko are on every radio station, every TV channel, in your junk mail, and even at the grocery store (every 15 minutes) because Buffet gets a deduction for advertising expenses, so it doesn’t matter how much he pays. In order to compete, ALL the other insurance companies must advertise on TV channels - the General, State Farm etc., because they are all making 40 cents profit even after paying for tornadoes, car accidents, floods. SO, my way of thinking is if you use GEICO, you are helping Obama. I don’t.
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