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.
Andrew Tobias is the author of The Only Investment Guide You’ll Ever Need.
