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View Mark Scheffler's Comments
The Market Can't Predict The Future
Interesting, though, that just last week Buffett (who incidentally is of exactly the same school as Graham and Munger) PREDICTED that stocks will be significantly higher over the lifetime of the individual who was interviewing him. If the Fed continues to engineer inflation as it has since the early 1930s, everything will be higher and woe to those who fall behind. It's a great scheme. But is the engineered "growth" making us happier, or more stable, or more sustainable? Of that I have no prediction, only an opinion: "Not in the least."
May 13, 2013. 12:06 PM
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