Well, it took 8 years longer than the author of Dow 40,000 predicted in 1999 . . . but sure enough, Friday: Dow closes above 40,000 for first time ever.
Trump, by contrast, predicted — over and over — that if we elected Joe in 2020, we’d “have a crash like you’ve never seen before.”
And since we’re mixing stocks and politics, I’d remind you that if you’d sold your Berkshire Hathaway at $126,183 a share when Warren Buffett was 82 — the age Joe will be when he wins in November — you would have left an awful lot on the table.
BRKA shares closed at $629,375 Friday.
Warren is 93.
It’s not calisthenics.
It’s judgement — and assembling a great young team beneath you to do most of the work.
Editors Note: This article was originally published on May 1th, 2024 on andrewtobias.com, syndicated with permission.
An American writer and public figure, Andrew Tobias has written extensively about politics, finance and insurance. Andrew is also a graduate of Harvard University and is the author of numerous books including; The Only Investment Guide You’ll Ever Need, The Best Little Boy In The World, and Invisible Bankers: Everything The Insurance Industry Never Wanted You To Know.
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