Berkshire Hathaway is not in the market to buy a train company, CEO Warren Buffett said to CNBC on Monday. The news comes weeks after reports on Berkshire-owned BNSF being in talks to acquire CSX Corp to create a transcontinental railroad.

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.