Thursday, February 23, 2006

Stock Market Predictions

β€œI don't know if we'll ever see stocks in general at mouthwatering levels that we saw in 1973-4 or 1982 even. I think there's a very excellent chance that neither Warren or I will see those opportunities again, but that's not all bad. We'll just keep plugging away.” by Charlie Munger (2003 Annual Meeting)

β€œIt's not out of [the realm of] possibility though. You can never predict what markets will do. In Japan, a 10 year bond is yielding 5/8 of 1%. [Who could have ever imagined that?]” by Warren Buffett (2003 Annual Meeting)

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