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West Central Illinois | There are always doom and gloomers around. Long term it would have cost you dearly to avoid the market based on these.
I do question his first “dominoe” - $500 billion to be refinanced. The total value of publicly traded companies is about $70 trillion right now. How much more when adding in private companies?
He didn’t talk about ratios, just throws around big scary numbers.
I will say that Buffet’s ratio of stock market capitalization to gdp indicates Buffet thinks stocks are over-valued. I would argue if you want to hedge your bet, it would be wiser to invest in Berkshire Hathaway rather than avoid the market.
Who would you rather bet on, Buffet or some guy on the Internet? | |
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