This could end up being very plausible, but does that mean we have to follow him forever? What if he dies?
He does use “maybe”.
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February 9th, 2010 at 12:10 pm
Gary Schilling???? Who was listening to him in the first place?
I wonder what is going to happen when either Buffett or Munger die. Will this create a shock to the market? Who will be the new calming patriarch to lead the long-term investor? Wall Street needs this person to keep everyone passive.
February 9th, 2010 at 2:22 pm
If I put all money in Treasuries right now, what are the chances of me realizing a 23% return.
February 10th, 2010 at 2:39 pm
Suppose I dump stocks and buy treasuries? Then what? When exactly am I supposed to sell, and what happens if the position goes against me?
This is just another example of the “noise” the financial news networks peddle as “information”. What is amazing is that 99% of what of what is purportedly financial “news”, is just worthless junk. I imagine that this must be a case of supply and demand: the typical “investor” demands this tripe, and that is what the financial networks serves up!