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It seemed logical to us that Union Pacific’s congestion problems could be and would be solved within a few years. New employees could be hired and trained, new locomotives could be purchased, some trains could be rerouted away from congested lines, and new track could be added in some of the more congested corridors. Decongestion should not be a difficult task. It also seemed logical that
Common Stocks and Common Sense: The Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor
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