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Dheeraj Grover
Dheeraj Grover
Articles (493) 

Warren Buffett’s Move Away from Muni Bonds - Is It a Red Flag for Muni Bonds?

August 22, 2012 | About:
Warren Buffett and Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) moved away from muni bonds by cancelling muni bond credit protection contracts worth $8 billion five months early. Is it a red flag for the muni bond market or an indicator that lot of municipalities and cities will default on their obligations? Meredith Whitney of Whitney Advisors have been predicting this for some time now and this may be the start of it.

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About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.3/5 (4 votes)

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