"Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now."
Given that we are the middle of likely the longest recession since the great depression, these comments don't do much to restore my faith in the short run. That said, Buffett is completely right about not trying to time the market. If you dont need the money for 5-10 years, index funds are a great place to be.
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"Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now."
Given that we are the middle of likely the longest recession since the great depression, these comments don't do much to restore my faith in the short run. That said, Buffett is completely right about not trying to time the market. If you dont need the money for 5-10 years, index funds are a great place to be.
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