More on Bill and Warren, the Gamblers

You can See Gates and Buffett's Values

by where they invest their money

They like doing it together

Really, Bill and Warren are very open about sharing their values. They invest money and want the largest possible return on investment possible. To ensure this happens they naturally follow the carefully honed protocols pioneered by Big Oil Guys like Charles and David Koch.

The First Commandment is: Evade the consequences of your actions which would cost you money. Number One probably has a special section in The Koch Method, which is used to train their employees. 

 

Bill and Warren love investing together, in this case Gates owning the Northern End of the transport system used for moving around highly volatile raw materials, for instance Tar Sands and Bakken. Warren owns the largest share of the Southern End. 
 
How nice they can share. Nicer if they invested in something less likely to incinerate large numbers of people and destroy the usefulness of their property.  And if you think giving attorney's lots of work improves the matter, think again.  



From: Bloomberg
Gates-Backed CN Wins in 2014 While Buffett’s BNSF Falters

By Frederic Tomesco and Thomas Black
September 02, 2014 4:21 PM EDT

Photographer: Chris Ratcliffe/Bloomberg

 Bill Gates, co-chair and trustee of Bill and Melinda Gates Foundation, pauses during a session on day three of the World Economic Forum (WEF) in Davos, Switzerland.

Bill Gates and Warren Buffett, the two richest Americans, share a friendship, a commitment to philanthropy and an interest in railroad investments. In 2014, Gates’s trains are the better performers. 

 

Canadian National Railway Co. (CNR) is beating benchmark stock indexes as profits and shipments surge, a boost for Gates, the largest shareholder. At C$64.7 billion ($59.2 billion), the railroad today passed Suncor Energy Inc. (SU) to become Canada’s fourth-largest company by market value. 

 

BNSF Railway Co., owned by Buffett’s Berkshire Hathaway Inc. (BRK/B), is struggling. North America’s biggest railroad by sales is grappling with slow traffic and is being scrutinized by U.S. regulators for poor service, spurring concern that it risks a permanent loss of some customers. 

 

“CN still is the gold standard today, and they continue to execute extremely well,” said Stephen Groff, a fund manager at the Cambridge Global Asset Management unit of Toronto-based CI Investments Inc., which owns Canadian National stock. BNSF “is having some real problems. They are fixing these problems, but they are a little late.” MORE

From: The Motley Fool

Why Billionaire Bill Gates Owns Canadian National Railway Company

By Andrew Walker - September 2, 2014

Bill Gates is the largest shareholder of Canadian National Railway Company (TSX: CNR)(NYSE: CNI), with a massive 13% stake in Canada’s flagship railroad operator.

The Microsoft Corp. co-founder and world’s richest person first declared his ownership position in Canadian National Railway back in 2000. The bet has paid off handsomely, with a stock-price gain of nearly 900% on the investment.

Here are three reasons why I think you should invest like Bill Gates and buy shares of Canadian National Railway Company. MORE

The thing really being gambled is other people's lives and property. 

From: The Guardian

Canadian town evacuated after train carrying dangerous goods catches fire

Associated Press in Wadena, Saskatchewan

theguardian.com, Tuesday 7 October 2014 17.56 EDT 
 
Hazardous materials crews are en route to derailment site in Saskatchewan after petroleum distillate spills from two train cars
 

A Canadian National Railway Company freight train carrying dangerous goods has derailed in central Saskatchewan in Canada and has caught fire.

The Saskatchewan government said Tuesday the derailment happened near the small community of Clair, which is being evacuated.

A highway has been closed in the area. MORE

They are both doing it.  This is open, shameless, criminal behavior.  

END THE GREED
A Legislative Proposal for Congress

END THE GREED
A Legislative Proposal for Congress

Minimize the Impact of Toxic Events

Healing the Hazards 

This is a Point Purple Issue, where all of us meet.   Right, Left and Independent, all Americans should agree on our desperate need for transparency and accountability. 

What did a real conservative say about the environment and free enterprise?

- “While I am a great believer in the free enterprise system and all that it entails, I am

an even stronger believer in the right of our people to live in a clean and pollution-free

environment.” ~Barry Goldwater

Goldwater would have made sure Congress listened and did the right thing.