quote:
“I think you can be quite sure that over the next ten years there are going to be a few years when the general market is plus 20% or 25%, a few when it is minus on the same order, and a majority when it is in between,” Buffett wrote.

“I haven’t any notion as to the sequence in which these will occur, nor do I think it is of any great importance for the long-term investor.”

LINK

This letter hasn’t received much attention lately, for good reason: It’s dated July 6, 1962.

2 ...

Report Post

Posted by Doc Fenton

New York, NY

Member since Feb 2007

52698 posts

Posted on 3/2/13 at 12:16 pm to LSURussian

Not one of his better constructed sentences for sure.

EDIT: And you misspelled his name.

This post was edited on 3/2/13 at 12:32 pm

1 ...

Report Post

Posted by RedStickBR

Member since Sep 2009

14577 posts

Posted on 3/3/13 at 10:10 am to Doc Fenton

I think he was being intentionally obtuse.

2 ...

Report Post

Posted by guttata

prairieville

Member since Feb 2006

22504 posts

Posted on 3/3/13 at 10:25 am to RedStickBR

He really went out on a limb with that prediction.

0 ...

Report Post

Posted by Doc Fenton

New York, NY

Member since Feb 2007

52698 posts

Posted on 3/3/13 at 10:33 am to RedStickBR

If he was trying to be humorous with that sentence I think he failed. I think it's more likely that he just meant to say 20 years instead of 10 years, or something like that.

0 ...

Report Post

Posted by JPLSU1981

Baton Rouge

Member since Oct 2005

26233 posts

Posted on 3/3/13 at 11:41 am to LSURussian

When my friends ask me about a particular stock, I usually say....

"In my professional opinion, three things could happen. The stock might go up. The stock might go down. And it's possible the stock might stay the same."

Page 1