"A thousand dollars invested with Warren Buffett since 1965 would be worth more than $27 million today, while the comparable amount for the S&P 500 is roughly $200,000."
I'm going to stick with Buffett. He's also sitting on $160B in cash right now and buying back stock.
Quote:
Originally Posted by DAVES
Re: Warren Buffet
I like most people find him interesting. I've read articles by and about him with stuff like,
he buys for the long term. Am I the only one to see and state the obvious, the guy is in his 90's long term? I've read things by Buffet, I lost 45 million on that investment. Buffet like?
If, I lost 45 million on any investment there would be a lot of people wondering how they could have been so stupid as to LEND me that much money. Buffet like? Was I to call say Powel to ask what is going to happen with interest rates, his staff would have a good a good laugh and tell me some great excuse why he can't take my call. Buffet calls and they put his call right through.
Recently, Buffet said publicly that he suggests people buy the S&P index. Buffet actually stated in public that he rarely beats the S&P.
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