Warren Buffett's bottom-up strategy doesn't allow him to be affected by things like the Russia-Ukraine conflict. He is focused on owning businesses that will survive spats such as these. Which is why his most recent letter highlighted Berkshire Hathaway's (NYSE: BRK-B ) ownership of BNSF Railway company. He is extremely bullish on the long-term prospects; so much so that he has boosted planned capital expenditures to a company record $5 billion for BNSF this year. Most might be wondering if the TransCanada (NYSE: TRP ) Keystone XL pipeline worries him at all. Well, it simply doesn't. He believes there will be plenty of oil for everyone. For more, check out the short video clip below.
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This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.