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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (601998)2/27/2011 7:39:01 PM
From: Jim McMannis  Read Replies (1) | Respond to of 1574350
 
Warren owns a ton on munis. If you re-read my post, I said Warren.



To: bentway who wrote (601998)2/27/2011 9:02:11 PM
From: i-node  Respond to of 1574350
 
>> As of 2008, Berkshire owns $27 billion in fixed income securities, mainly foreign government bonds and corporate bonds."

Why would they own munis? They can get between 70 and 100% of the tax advantage by owning stocks that deliver far higher yields making investments in dividend paying stocks more sensible.