Little Red Book

Warren Buffett’s Crystal Ball — & Rearview Mirror

Memorable Quotes from Berkshire’s ’09 Annual Letter In 75% of [the last 44 years], the S&P stocks recorded a gain. I would guess that a roughly similar percentage of years will be positive in the next 44. But neither Charlie Munger, my partner in running Berkshire, nor I can predict the winning and losing years...
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