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Yeah some clowns named Ray and Warren also keeps crying wolf about how the economy has issues too. These guys have no idea what they are talking about! I don't
by anm89 4y ago
Yeah some clowns named Ray and Warren also keeps crying wolf about how the economy has issues too. These guys have no idea what they are talking about! I don't think they even trade.
- nprateem 4y agoBuffett has also been predicting the mother of all crashes since 2016. Lesson: never listen to experts unless you discover one with a time machine. Like they say, more wealth has been lost trying to time the market than in crashes.
- danielmarkbruce 4y agoSource? I haven't seen Buffett say anything of the sort and am pretty certain he hasnt.
- anm89 4y agoRight. What an idiot. Guy has no idea what he's talking about. As I said, he's probably never even made any money trading. Good thing I've got the bright denizens of HN to set me straight.
- towaway15463 4y agoThe market can stay irrational longer than you can stay solvent. We’re in a massive bubble but only a fool would try to predict exactly when it will pop.
- deltree7 4y agoWhat? Buffett never predicts crashes. His Mantra is keep identifying great businesses and keep buying it
- hedora 4y agoAre you talking about this, where he hedged against a market collapse, and then his portfolio only dropped 66% of the drop at the beginning of 2016: https://www.fool.com/investing/general/2016/01/26/how-warren-buffett-is-beating-the-market-in-2016-a.aspx https://www.fool.com/investing/general/2016/01/26/how-warren... I'd read the strategy there more as "don't be greedy and invest in companies with lots of growth and weak fundamentals". That applies to bull markets too.