I’m no expert in muni bonds but I know that anything done by the public sector will (further) siphon funds from the tax payor. Calfornia is particularly good at that!
I could see this coming a mile away.
1) A market is in need of a financial vehicle.
2) Mr. Buffet sees no competition.
3) Mr. Buffet comes to save the day with his solution.
4) Mr. Buffet prices his solution so he can make a killing in profits.
5) Muni bonds don’t like the price.
6) Mr. Buffet “You don’t like my price, then go somewhere else” But he probably uses different language.
Sorry folks, this man is not in business as a charity, hence the 140,000 per share price.
profit! heck his parent company has several companies underneath — and the one w/the most profit is GEICO! now GEICO, works on a 4% profit line (approximately). we are the most profitable little company he has. i have met him and is truly a genius in understanding INVESTMENT.
I’m no expert in muni bonds but I know that anything done by the public sector will (further) siphon funds from the tax payor. Calfornia is particularly good at that!
I could see this coming a mile away.
1) A market is in need of a financial vehicle.
2) Mr. Buffet sees no competition.
3) Mr. Buffet comes to save the day with his solution.
4) Mr. Buffet prices his solution so he can make a killing in profits.
5) Muni bonds don’t like the price.
6) Mr. Buffet “You don’t like my price, then go somewhere else” But he probably uses different language.
Sorry folks, this man is not in business as a charity, hence the 140,000 per share price.
profit! heck his parent company has several companies underneath — and the one w/the most profit is GEICO! now GEICO, works on a 4% profit line (approximately). we are the most profitable little company he has. i have met him and is truly a genius in understanding INVESTMENT.