BNSF

“Google has this unbelievable high margin business of search, one of the most perfect, beautiful business models of all time... Meanwhile, there's this AI opportunity which requires just astronomical, it's just incinerating cash. But you can imagine if AI is intelligence and its TAM is basically all white collar work and eventually with robotics, everything potentially, the absolute profits available here, even if the margins are lower, is so much larger.”

“Railroad money is what's going into Google right now for Berkshire Hathaway. It's very funny. It's quite literal... BNSF is throwing off money that's going to Google from Northern Pacific and Jay Cook selling bonds to retail investors.”