Warren Buffett, chairman and CEO of Berkshire Hathaway, has confirmed that his company is not pursuing a purchase of another railroad, specifically denying any interest in acquiring CSX Corporation. This statement came after Buffett and Berkshire Hathaway Vice Chairman Greg Abel met with CSX CEO Joe Hinrichs earlier in August, making it clear that Berkshire Hathaway would not make a bid for CSX. Following these remarks, CSX shares declined by approximately 5%. Despite Buffett's rejection of a merger, CSX remains open to potential deals, although other major North American railroads, including Canadian Pacific Kansas City (CPKC) and Burlington Northern Santa Fe (BNSF), have also expressed no interest in consolidation. The rail industry has seen increased merger activity recently, but prospects for a CSX-related merger have diminished. Separately, Buffett reiterated Berkshire Hathaway's investment philosophy focusing on acquiring large, well-managed businesses with growth potential over time. Additional commentary from Buffett highlighted his approach to building earning power and his use of options trading to enhance returns and manage risk. Buffett has also shared personal views on financial advice and education, including stating that a college degree is not essential for success.