Deal Economy 2010: Moelis' Horrocks on Buffett's rail bet

Warren Buffett's $34 billion investment in Burlington Northern Sante Fe Corp. (NYSE:BNI) shouldn't come as a surprise. Buffett already owned a 22% stake in the rail operator through his Berkshire Hathaway Inc. (NYSE:BRK.A). His big bet also reflects the attractiveness of the rail industry as a whole, says Andrew Horrocks, a managing director with Moelis & Co. and former Americas head of capital goods and transportation at UBS Investment Bank. See the video below or download it at iTunes. - Suzanne Stevens

• Citigroup's Leon Kalvaria on megadeals,
  
• Rochdale Securities Richard Bove on BofA CEO possibilities, Goldman Sachs $500 million donation, and bank failures and financial reform,
• Grant Thornton's Kimberly Davis Rodriguez on GM,
  
• Novartis' Marvelle Sullivan on cross-border dealmaking,
• Cisco's Ned Hooper on M&A and raising the offer for Tandberg,
  
• PwC's Mark Ross on divestments,
• Centerview's Blair Effron on large deals,
• IBM's Elias Mendoza on using i-bankers and IT services M&A,
• Streambank's Gabriel Fried on IP valuations,
  
• Deutsche Bank's John Eydenberg on PE IPOs,
• Morgan Stanley's Jim Rosenthal on the Smith Barney integration,
• Avaya's Mohamad Ali on digesting Nortel,
• Moelis' Andrew Horrocks on corp. distress,
• GE's Duncan O'Brien on GE Capital lending and the company's M&A strategy,
  
• Huntsman Gay's Steve Young on QBs as PE investors,
  
• AlixPartners Steve Deedy on retail bankruptcies,
  
• Weil Gotshal's Harvey Miller on resolution authority and on unwinding Lehman Brothers,

and the rest of the coverage from the conference.

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