20.06.2012 - Buffett bets big on US housing recovery
Investment genius Warren Buffett -- the world's third-richest man, with a personal fortune of $44 billion -- is renowned for making big, bold bets on the future direction of the US economy. For example, the giant conglomerate Buffett runs, Berkshire Hathaway, bought Burlington Northern Santa Fe -- one of American's biggest railroad firms --for $44 billion in February 2010. In September 2011, Buffett followed this by spending $9 billion buying lubricant maker Lubrizol...............................................Full Article: Source
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