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Berkshire Hathaway Inc. Message Board

  • hjclasvegas6969 hjclasvegas6969 Aug 17, 2013 12:50 PM Flag

    Blowing the Whistle , barrons, must read for our favorite, RIA,

    who knew ??

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    • hc, I don't find qualitative statements like the following (at the end of that article) helpful:

      « For the long term, Lockshin is letting history repeat itself. Stocks will beat bonds and bonds will beat cash, he says. "The stock market is stacked in your favor, if you just play the same hand over and over." »

      In my opinion, it just feeds the equity bulls, who pump the market higher, which in turn destroys current buyers' future returns (they're buying at a high multiple today and will very likely sell at a lower multiple in the future).

      Let's quantify that statement.

      Projected 10-Year nominal returns on 12Aug2013:
      Stocks : 2.8% (Hussman)
      Bonds : 2.6% (US Treasury)
      Cash : 0.0%

 
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