What's interesting about this comment, is Klarman has been able to produce really solid
returns on a very large amount of capital, and I think it's in large part because of the simple math of asset turnover — Klarman buys bargains, waits for them to be valued
at a more
reasonable level, sells them, and repeats.
The complaint argued that the SCC should set tolls
at a
level «(1) which is
reasonable to the user in relation to the benefit obtained; (2) which will not materially discourage use of the roadway by the public; and (3) which will provide the operator no more than a
reasonable return as determined by the commission.»