> Warren Buffett Blog: DOW to 1 Million | Dont short America

Monday, September 25, 2017

DOW to 1 Million | Dont short America


At a recent party for Forbes magazine's Warren Buffett said the Dow Jones Industrial Average will be over 1 million in 100 years. It is currently around 22,296 currently. He pointed out the Dow Jones was at 81 during the 1980's. 

"Whenever I hear people talk pessimistically about this country, I think they're out of their mind. Being short America has been a loser's game. I predict to you it will continue to be a loser's game. It has been 241 years since Thomas Jefferson wrote the Declaration of Independence. Being short America has been a loser's game. I predict to you it will continue to be a loser's game."