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Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…

Train Drain

…using trucks for local and expedited regional deliveries, and fuel-efficient railroads for longer hauls.  All this went by the board just as the country faced an energy crisis and a…