Showing posts with label Million. Show all posts
Showing posts with label Million. Show all posts

Sunday, September 24, 2017

Warren Buffett: Dow will hit 1 million in 100 years !

Warren Buffett isn't nervous about a stock market bubble. The legendary investor thinks anyone betting against America is "out of their mind."

Buffett, a reliable optimist about the future of the U.S., predicted on Tuesday night that the Dow Jones Industrial Average will be "over 1 million" in 100 years. That would be roughly 45 times the Dow's current level of nearly 22,400, which is already a record high.

"Being short America has been a loser's game. I predict to you it will continue to be a loser's game," the Berkshire Hathaway chairman said. Buffett was speaking at a New York event commemorating the 100th anniversary of Forbes magazine. His comments were previously reported by Reuters.

Buffett, whose fortune Forbes pegs at $78 billion, realizes he won't be around to see if his Dow prediction comes true. The 87-year-old billionaire said he gets "excited" just when people talk about him making it to 100.

So is Buffett's Dow 1 million call just crazy talk? Maybe not.



Source: MoneyCNN

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