Municipal Bonds and Condo Development
2 Comments Published by Dr. Beyster December 7th, 2010 in Uncategorized.This past week was a busy one for me. On Tuesday I had lunch with Peter Martin from UBS who hosted a lunch talk about municipal bonds. Robert Craig and Mindy Pawinski joined me. You might think that there is little to be said about this topic, but the municipal bond market is very healthy. Of all the different things I have invested in, I have gained more in this area than in most any other.
On Wednesday we drove up to Los Angeles where we met with John Dudzinsky. John is an electrical engineer who has become a very successful real estate developer and investor. I invested in a condo development that John put together in Santa Monica that has done very well. I am now considering investing in a new project that John has planned.
On Sunday I had a very pleasant meeting with Terry Fitzpatrick and Larry Peck from my SAIC days. Our discussions should provide much fodder for this blog.
– Bob
This is a photo of John Dudzinsky (Lantana Development), Mindy, Robert, and me in Santa Monica discussing a real estate deal I am going to invest in Pacific Palisades. John helped me build SAIC at Campus Point.
Hey Bob,
I belatedly got around to reading Taleb’s Book the Black Swan. It seems to go a long way to explaining why SAIC was so successful, and such a low risk enterprise. The management philosophy encouraged finding black swans such as Network solutions, and avoided centralization and rigorous planning (thereby avoiding black swans). You seem to have almost the the same ideas. Have you met him?
Blake: I’m glad you picked up on the idea of SAIC and black swans. I have not met the author of that book, but he sounds like someone I would enjoy speaking with. — Bob