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| Posted by | Message | LSURussian 
LSU Fan
Baton Rouge
Member since Feb 2005
63235 posts
| Warren Buffet's stock market prediction in a letter to investors (Posted on 3/2/13 at 12:09 pm)
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.
| | Back to top | Share on  | Doc Fenton
Amor Fati
Member since Feb 2007
46578 posts
| re: Warren Buffet's stock market prediction in a letter to investors (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 at 12:32 pm
| | Back to top | | RedStickBR
LSU Fan
Member since Sep 2009
9090 posts
| re: Warren Buffet's stock market prediction in a letter to investors (Posted on 3/3/13 at 10:10 am to Doc Fenton)
I think he was being intentionally obtuse.
| | Back to top | | guttata
LSU Fan
prairieville
Member since Feb 2006
18254 posts
| re: Warren Buffet's stock market prediction in a letter to investors (Posted on 3/3/13 at 10:25 am to RedStickBR)
He really went out on a limb with that prediction.
| | Back to top | | Doc Fenton
Amor Fati
Member since Feb 2007
46578 posts
| re: Warren Buffet's stock market prediction in a letter to investors (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.
| | Back to top | | JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
15919 posts
| re: Warren Buffet's stock market prediction in a letter to investors (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."
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