Subject: Re: Why I sold my entire Berkshire stake
To some extent, it seems that railroad employees LIKE working at the railroad, at least compared to some other workers.

A couple lifetimes ago, I did some work for Union Pacific as a contractor doing some rehabilitation work on tunnels. Most of those guys did like their jobs and were planning on staying to retirement. The pay is good and the work isn't bad. The government had some sort of program to encourage hiring Native Americans off the reservations, and those guys really liked their jobs and were grateful to have them. But it isn't the kind of work everybody can or wants to do.

As aside, I learned part of the reason why railroad CAPEX is so expensive: The trains need to keep running. So everything we did had to be completed in between trains. Some days we barely got anything done at all.