Article: United states : Buffett makes $34 billion bet on railroad.

Byline: shiv03

Warren Buffett leads a simple life. But when the revered business legend buys a train set, it s a $34 billion mega-deal.

Coming along just as the economy has begun to recover, Buffett s bid on Tuesday to buy the Burlington Northern Santa Fe Corp. amounts to an all-in wager on the economic future of the United States, the CEO of Berkshire Hathaway Inc. said in an announcement.

I love these bets.

One of the world s richest men, Buffett increasingly has been sharing his affections for American investments, including a personal essay in The New York Times about a year ago.

He heralded a $5 billion investment in ...

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