Warren Buffett: Clairvoyant or Crazy?

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Forbes article on the recently announced $9.6B Netjets fleet purchase.  Cheers!

 

http://www.forbes.com/sites/chrisbarth/2012/06/12/warren-buffett-clairvoyant-or-crazy/?partner=yahootix

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These articles are funny.  Makes no mention that less than 30% of the headline number of planes are actual firm orders as opposed to options to acquire planes.  All these articles cite a meaningless "retail" value of 425 planes when NetJets is only committing to 125, and at a huge discount to "msrp."

 

Last I checked the railroad didn't cost $44 Billion either, but it's certainly worth at least that today!