Buffett likes toll roads that give him monopoly power and the ability to raise prices easily. AdvertisementAdvertisementYears 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. "I have said in an inflationary world that a toll bridge would be a great thing to own if it was unregulated." Shared valuesBuffett appears to like toll roads because they're a simple, safe, and reliable way to make money.

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Persons: Warren Buffett, Elon, Elon Musk, Berkshire Hathaway, Buffett, Roger Lowenstein, Sandy Gottesman, Warren, Bill Brewster, Bill Cohan, Kara Swisher, Cohan, Tesla, Nathan Furr, Jeff Dyer, Musk Organizations: Buffett, Service, Elon, Berkshire, American, Detroit International, Co, Apple, Yorker, SpaceX, Harvard Business, EV Locations: Wall, Silicon, Detroit, Berkshire