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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺🐝 SILVER
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Number: of 22353 
Subject: Re: Income from BH subsdiarie debt
Date: 03/10/25 1:34 PM
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I'm sure someone can correct me if I'm wrong, but I believe that the list contains both the recourse and non recourse choices.

BNSF and BHE are responsible for their own debt, and could default without creditors having access to other assets from head office. All others are, I think, backstopped by the parent.

Separately, my uninformed gut feel is that BNSF might be the sweet spot...blowups very unlikely in such a nice boring business (the word "finance" is inherently scary), and perhaps better yields than some of the other choices because the absolute quantity of debt is relatively high.

Jim
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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