Investing in Detroit After Bankruptcy Trial

Investing in Detroit, Warren Buffett says, is an increasingly appealing proposition, and will be much better after the bankruptcy than before. In part, that’s because the city’s finances were clearly unsustainable before now, and no one wants to invest in Detroit that’s headed for Chapter 9. But Warren Buffett added that Detroit is going to be employing a lot more people five years from now or 10 years from now than it does today.

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