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To: Mark Marcellus who wrote (42905)6/3/2011 10:12:13 AM
From: Jurgis Bekepuris  Respond to of 78673
 
if a business is properly run

Properly? Maybe. But pretty clearly immorally and perhaps in violation of the laws.

is performing a service for which there is a legitimate need

This part is not so clear in case of for-profit education.

changes to government regulation may hurt it but they won't kill it.

Personally, I believe that supplying taxpayers money for an overpriced subpar product is not the way to use it. Supplying taxpayers money for poor people to dig themselves into a hole is possibly also not the best use of it. IMHO, straight subsidies for state/local colleges would be much more productive.

But I doubt anyone will listen to me.

In any case, for now you were right and got the gain. :)



To: Mark Marcellus who wrote (42905)6/29/2011 2:57:51 PM
From: Calvin_2011  Respond to of 78673
 
Hi Mark,

Thanks for your feedback and sorry for the late reply. I agree with you. One of the favorite examples Buffett likes to use is the Coca Cola Company. He likes to recount how the company has thrived over the time in spite of two world wars, great depression and many post WWII recessions. I guess his point is that a great company with strong moat trumps most of the external factors including government regulations in this country.

Calvin