Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett, the 91-year-old Oracle of Investing, has seen just about every type of market.
In 1999, at the height of the internet bubble, Buffett warned that investors expected unrealistic returns. In October 2008, the immediate aftermath of the worst financial crisis since the Great Depression, Buffett dismissed concerns about “the long-term prosperity of the nation’s many sound companies.”
In turn, Buffett has a phrase that captures exactly what…
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