Look to What Buffett Already Owns By Rich Masino About this article: Much has been made of Warren Buffett's acquisition of Burlington Northern. The rails were bid up aggressively on Tuesday. His positive bet on the U.S. economy over the next 10, 20 or 30 years was seemingly extrapolated into a bullish view in the here and now -- this despite Johnson & Johnson's announcement that it will be laying off 6% to 7% of its global workforce. Be that as it may, if one is interested in opportunities, the more prudent analysis is to review what Buffett already owns. His operating businesses, though very diverse, are primarily in three areas now: rails, insurance and utilities. It's this last sector, the utilities, that has captured my interest recently. Similar to Burlington Northern, a utility is really a set of irreplaceable assets, and that fits well with the Oracle's ideal holding period of forever. In the shorter term, utilities... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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