Legendary value investor Marty Whitman just released his shareholder letter. Being an expert with debt investing, Mr. Whitman shared his view on the US debt. He finished his letter with these commentaries:
It is important to understand why the US is such a good place for long-term investment.
* The US is a diversified, continental econmy
* There seems to be a relative lack of corruption in the US
* US corporate and securities law is reliable and comprehensive
* The US has the world's best university system
* The US has the world's most efficient distribution system.