Warren Buffett loves the pricing power that toll roads offer, while Elon Musk wields huge influence by relieving bottlenecks like EV charging.
Alex Wong/Getty, REUTERS/Rebecca CookBuffett likes toll roads that give him monopoly power and the ability to raise prices easily.Warren Buffett and Elon Musk operate atBerkshire Hathaway"All that traffic," he once said to a friend's mother about the endless cars driving past her home, according to "Buffett: The Making of an American Capitalist" by Roger Lowenstein. "What a shame you aren't making money from the people going by.
Years later, one of Buffett's companies held a 24% stake in Detroit International Bridge Co., the only public company in the country that owned a toll bridge. He also highlighted toll roads among the specific assets he wanted to buy in his Buffett Partnership letters in the 1950s., was once quoted in a newspaper as saying, "Warren likens owning a monopoly or market-dominant newspaper to owning an unregulated toll bridge.
"Because you have laid out the capital costs," he continued. "You build the bridge in old dollars, and when there is inflation, you don't have to keep replacing it — a bridge you build only once."The investor has extended his love of toll roads to other businesses that dominate their markets, require little capital investment, and can raise prices without losing customers to rivals.
The serial entrepreneur is still thinking along the same lines. When an X user posted earlier this year that typing was the "largest human progress bottleneck," Musk
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