- The first came in 1974 when Buffett said, "I feel like an oversexed man in a harem. This is the time to start investing." The Dow almost doubled over the next two years.
The second came in 1979, when Buffett told Forbes that "stocks now sell at levels that should produce long-term returns far superior to bonds." That prediction also proved to be correct.
The third positive call from Buffett came last Friday.
( See Warren Buffett Puts His Money Where His Mouth Is and Warren Buffett Buys Stocks, The Snowball Chapter 2 and J. Kyle Bass )
Source: http://www.cnbc.com/id/27286066
Should place a disclaimer here:
ReplyDeletePast performance is no indication
of future success !!!