Buffett Admits BN Purchase Was “Brain Fart”
Family granted power of attorney following episodes of bizarre behavior.
The business world was rocked this weekend after learning billionaire investor Warren Buffett has been quoted describing Berkshire Hathaway’s (BRK) recent purchase of Burlington Northern Santa Fe Railroad (BN) as a ‘brain fart’. Berkshire paid $34 billion to acquire the outstanding shares of BN they did not already own.
