29 February 2008
Portfolio and municipal bonds
But it has grown on me. Or perhaps they've found their own footing since then. No more Tom Wolfe style onomatopeia for hands rapping on a door in the middle of the night.
No, instead we have someone like Jesse Eisinger, making a very intelligent case in the March 2008 issue that the whole "municipal bond" insurance market is one big scam. No, I wouldn't buy a bridge from Mr. Buffett.
Though I love his cousin's tune, Margaritaville. I've sung it at karaoke places many times.
And where the heck is that shaker of salt....
Knowledge is warranted belief -- it is the body of belief that we build up because, while living in this world, we've developed good reasons for believing it. What we know, then, is what works -- and it is, necessarily, what has worked for us, each of us individually, as a first approximation. For my other blog, on the struggles for control in the corporate suites, see www.proxypartisans.blogspot.com.