Berkshire Hathaway’s Investment in Kinder Morgan

I am quoted in an Omaha World-Herald article (February 21, 2016) on Berkshire Hathaway’s (NYSE: BRK.A) (NYSE: BRK.B) investment in Kinder Morgan (NYSE:KMI).

“Kinder Morgan fits Warren Buffett’s toll bridge model,” said David Kass, a business professor at the University of Maryland and owner of Class B Berkshire shares. “The concept of owning a toll is appealing because generally there is no alternative, which forces people to pay the toll. Or, if there is an alternative, it is less appealing.”