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I'm not the person to refute Warren Buffet, but I will point out that the Dow Jones had abysmal performance from 1970-1979. One decade isn't enough to judge the
by joshhart 16y ago
I'm not the person to refute Warren Buffet, but I will point out that the Dow Jones had abysmal performance from 1970-1979. One decade isn't enough to judge the economy for the next century.
Do I think DJIA will hit 2 million in 100 years? No. But I don't think it's unreasonable to expect hundreds of thousands.
- sesqu 16y agoFor those watching at home, 100k from 13k in 92 years would mean 2.24% annually, 500k 4.05% and 1M 4.83%. I agree that over 5% is optimistic, but 3% for the century might be achievable. Note, though, the given that the rate of growth isn't constant, the most impactful rates are the ones we're getting early, i.e. now.