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Started By
Message
re: "40-year veteran of Wall Street with a knack for market timing calls a bottom in stocks"
Posted on 12/13/18 at 11:09 am to Hussss
Posted on 12/13/18 at 11:09 am to Hussss
I'm not hating.
I'm just following the advice of one of the most successful investors (although not ALWAYS successful on every investment he's made) who ever lived, Warren Buffett.
I'm just following the advice of one of the most successful investors (although not ALWAYS successful on every investment he's made) who ever lived, Warren Buffett.
quote:
"Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
quote:
“If past history was all that is needed to play the game of money, the richest people would be librarians.”
2
Posted on 12/13/18 at 11:22 am to LSURussian
Warren has been nothing short of remarkable and has had major tailwinds to help him as during his lifespan the credit expansion that it takes to make markets rise the way they have is starting to tilt in the other direction for the forseeable future due to automation as well as spending habits changing rapidly.
Just think about it: the young ones hardly even buy cars any longer. They take Uber and Lyft. Could THIS be what oil might be telling us?
They are not buying many homes as they just can't afford to.
These are just a few examples I was trying to convey in another thread I was ridiculed in. But hey, I get it. I don't want things to change either as far as our standard of living goes.
Interesting times we are in...
Just think about it: the young ones hardly even buy cars any longer. They take Uber and Lyft. Could THIS be what oil might be telling us?
They are not buying many homes as they just can't afford to.
These are just a few examples I was trying to convey in another thread I was ridiculed in. But hey, I get it. I don't want things to change either as far as our standard of living goes.
Interesting times we are in...
Posted on 12/13/18 at 11:29 am to LSURussian
Also: watch what Buffett DOES, not what he says
Last I checked, his cash hoard was quite high so if he isn't buying equities way up here, why should the lemmings?
Last I checked, his cash hoard was quite high so if he isn't buying equities way up here, why should the lemmings?
This post was edited on 12/13/18 at 11:36 am
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