4 ms·
Don't get me wrong, I completely agree with the original author. Warren's logic is circular and seems to be preying on people's inability to conceive of very la
by hobbs 18y ago
Don't get me wrong, I completely agree with the original author. Warren's logic is circular and seems to be preying on people's inability to conceive of very large numbers. I'd fully expect DJIA to continue growing at roughly the same pace this century as the last.
Even if it doesn't, though, everyone knows that the trick to successful investment is to buy low and sell high. There are still plenty of opportunities to buy low - even with limited risk - in large emerging economies. The U.S. may become a low-risk capital preservation stock and China will become the higher-risk investment stock.