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Uncle Warren's Tin Hat: A Fairy Tail
Old 02-29-2008, 03:55 PM   #1
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Uncle Warren's Tin Hat: A Fairy Tail

Buffet certainly has a sense of humor. Imagine. Suggesting that Big Business has been fibbing about profits. The nerve.

Y'all just stick with those equities folks.

Like houses, stock prices never go down.

Why does WB have to be so negative anyhow? Trying to confuse us with facts and figures.

I'll never do that to ya'.


Warren Buffett: Don't bank on double-digit returns - Feb. 29, 2008
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Old 02-29-2008, 03:59 PM   #2
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Quote:
Originally Posted by barbarus View Post
Buffet certainly has a sense of humor.
You mean this quote?

"I've reluctantly discarded the notion of continuing to manage the portfolio after my death - abandoning my hope to give new meaning to the term 'thinking outside the box,'" he writes.
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Old 02-29-2008, 05:09 PM   #3
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Yeah - heard that on CNBC. What a hoot!!!

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Old 02-29-2008, 05:18 PM   #4
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"He writes that the Dow Jones Industrial Average surged from 66 to 11,497 during the 20th century. That is a huge rise - yet it averages out to just 5.3% compounded annually, Buffett writes. What's more, were the DJIA to repeat that 5.3% average annual gain throughout the 21st century, its value on Dec. 31, 2099, would approach 2 million."


Interesting.
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Old 02-29-2008, 05:59 PM   #5
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Does that 5.3 % include dividends?

b.
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Old 02-29-2008, 06:01 PM   #6
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Does that 5.3 % include dividends?

b.
No, It's the average anual gain of the DOW.
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Old 02-29-2008, 06:12 PM   #7
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I read on a website last week that (within a few weeks) 90 days T-Bills will have beaten the total return of the SP 500 for a 10 year period. Interesting is it not?
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Old 02-29-2008, 06:59 PM   #8
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Good thing we know WB has never been wrong.
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