Warren Buffett, the renowned investor and philanthropist, recently released a ranking of state finances that placed Nebraska at the top spot. This analysis comes as no surprise to those familiar with Buffett's investment philosophy, which emphasizes strong financial management and stability. Nebraska's high ranking can be attributed to its low levels of debt, prudent budgeting practices, and diverse economy.
Buffett's analysis highlights the importance of sound financial principles in achieving long-term success. States that prioritize fiscal responsibility and sustainability are more likely to weather economic downturns and attract investment. Nebraska's ability to maintain a strong financial position despite challenges such as declining revenues or unexpected expenses is a testament to its leadership and commitment to prudent financial management.
MCD) is a large-cap growth stock in the Restaurants industry. The rating according to our strategy based on Warren Buffett is 68% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
Buffett expressed that improving education won't work fast enough or go far enough to address income inequality. He also believes that fighting to raise the minimum wage, a popular proposal among many on the left, won't bridge the gap and may backfire by hurting employment. "The better answer," he said, is an expansion of the Earned Income Tax Credit (EITC), which offers a credit starting from the first dollar earned, increasing up to a ceiling before phasing out.
Since his opinion piece, Buffett has consistently supported the EITC as a crucial policy to aid low-income families. In a 2019 interview, he emphasized the EITC's role in helping individuals who, despite working hard, remain disadvantaged by the economic system.
The ICE BofA US Municipal Securities Index on Monday was up 2.8% on a one-year basis, while the ICE BofA US Corporate index was 4.7% higher, according to FactSet.
Shares of the iShares National Muni Bond ETF MUB was 0.3% lower from a year ago, while the Vanguard Tax-Exempt Bond ETF VTEB also was 0.3% lower.
-Joy Wiltermuth
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Read more
Cyndi Lauper Didn’t Think She Needs A Documentary At All: ‘I’m Not Dead Yet!’ Novak Djokovic unsure about French Open quarter-finals after knee injury
Sarah H
Also on site :