BNSF railroad is not in the market to purchase a train company. Warren Buffett told CNBC that he's not interested in buying any train company. Buffett said he and Greg Abel met with CSX CEO Joe Hinrichs on Aug.

However, investors should consider how a recession might impact its financial results. Warren Buffett's incredible track record makes him one of the best investors ever. There's no denying that. His successful ability at allocating capital has made Berkshire Hathaway a trillion-dollar business.