The headline of this online article caught my eye because it had two important components, the stock market high and Warren Buffet's name. Certainly it is possible after a week like we have had on the stock exchange some of you are invested and wondering what this means to your future. Others may wonder what possible effect this could have on their lives.
Let me just make this point, Mr. Buffet sometimes takes the simplest ideas, in this instance investing in the railroad, and turns it to gold. Clearly the guy has a handle on something and that makes me wonder, how does the "little" guy get ahead and learn from what others do? Do you gather what little cash you have and gamble on the stock market using information from big guys like Buffet?
Or let's take this a step further and relate the idea to the City of Alexandria City utility rates, can we the "little" guy find out what small municipalities like ours are doing and find a better deal? Certainly some of those small cities are doing it better since the owner of our local MacDonalds chain is paying more than most in a multi-state area. But you have to ask, do the people responsible for the utility rates within the city administration have the freedom to take stock and find a better way? Some of you have very strong opinions. Can you share information with all of us on how this issue could be resolved?
Maybe we just need a local Warren Buffet.