3 ms·
that is assuming the stock market doesn't crash. if you bought an index fund in 1928 you would still be broke AF in 1935 and wouldn't get your money back until
by gillianlish 10y ago
that is assuming the stock market doesn't crash. if you bought an index fund in 1928 you would still be broke AF in 1935 and wouldn't get your money back until the 50s.
buffett profited off the housing bubble and should not be
trusted. he owned huge stakes in the ratings agencies that
were giving AAA+ ratings to these awful mortgage products,
even as publically he was decrying the financial products
involved as 'mass destruction' he was making money on it.
he is doing the same with his stock market push. if
a million people listen to him and go buy stocks, what
do you think happens to his index funds? They go up of course.
absolutely hilarious and sad to watch people worship this
guy. if his secret is really to buy index funds, then
why do people listen to his speeches and newsletters?
you could just go buy index funds and be done with it.
like every other con artist, his genius is to get people
to buy in to his story.
- valuearb 10y agoHe doesn't own or sell index funds. Your analysis of the great crash ignores the effects of dividends, which were very high in the thirties and made investors profitable much more quickly than you claim. The housing bubble burst and BRK is worth far more now. You don't know what Buffett does, how he got rich, or much about the stock market either.