The question above should be legitimately ridiculed as betting against anything Mr.Buffett has done over the last 70+ years hasn’t been a very good idea.
And if you listen to what Warren Buffett has to say right now you would be jumping in the market and buying stocks hand over fist.
Warren Buffett on Strong Economy: ‘If We’re in the Sixth Inning, We Have Our Sluggers Coming to Bat’
“Right now, there’s no question: It’s feeling strong. I mean, if we’re in the sixth inning, we have our sluggers coming to bat right now,” Buffett told CNBC Thursday.
Buffett, known as the “Oracle of Omaha” for his prowess in picking successful investments, forecasted that America’s economy would flourish in the coming years based on current trends.
“I’m no good at predicting out two or three or five years from now, although I will say this: There’s no question in my mind that America’s going to be far ahead of where we are now 10, 20 and 30 years from now,” Buffett added. “But right now, business is good. There’s no question about it.”
At the same time, Warren Buffett’s favorite valuation metric is screaming “Bloody Overvaluation”
What to believe?
As I often tell investors, Warren Buffett is playing an entirely different game from eveyone else. Particularly individual investors. And while the latter tend to speculate in the stock market, Warren Buffett is the stock market.
More importantly, Warren Buffett has failed to warn investors of the impeding 2000 and 2007 crashes. Sure, if your time horizon is 10-30 years, Mr. Buffett is absolutely correct. Assuming you don’t mind losing 50%+ when the next crash comes.
If you would like to find out exactly when that crash comes, based on our mathematical and timing work, please Click Here