Thursday, November 07, 2013

Bloomberg throwing away his money in Colorado

How did Michael Bloomberg get so rich? He doesn't seem like such a good investor to me. For example, he has been investing heavily in Colorado politics. First, he invested $350,000 to fight the recall campaign against a Colorado State Senator. That Senator was recalled in September.

Then, he invested #1.3 million in a failed effort to convince Colorado voters to raise taxes by over one billion dollars. That was defeated by a 30 percent margin this week.

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