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Buffett 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 s
by nprateem 4y ago
Buffett 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.