The blockbuster deal raises the odds that Buffett’s Berkshire Hathaway, which owns the Burlington Northern Santa Fe railroad, will reach a deal with CSX to create a second transcontinental railroad. Union Pacific and BNSF compete in the western U.S., while CSX and Norfolk Southern are the two big Eastern railroads.

Charlie Munger, Warren Buffett’s longtime partner, once shared candid advice on getting on the road to wealth.

Buffett's top positions in Berkshire Hathaway's portfolio include Apple, American Express, and Bank of America.

The Sage of Omaha's company will make over $1.2 billion from the sale, according to an announcement on Monday.

Perhaps that’s one reason stocks are selling off globally this morning. While most indexes in Asia and Europe remain near their all-time highs, there is broad-based but mild selling in all of them.

Warren Buffett's company Berkshire Hathaway has never paid a dividend. Warren Buffett's company Berkshire Hathaway has never paid shareholders a dividend while under Buffett's leadership. The primary reason is because Buffett believed he could find better ways to invest the capital -- and he was definitely right.