The S&P 500 is at an all-time high.
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2024 Jan 13, 6:47am 2,292 views 49 comments
by Al_Sharpton_for_President ➕follow (5) 💰tip ignore
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48
AD
2024 Jan 26, 3:57pm
AD
2024 Jan 26, 3:57pm
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Why is the US economy supposedly doing better based on Biden admin reported economic statistics ? Because its an election year ..
I will laugh my ass off if Biden wins and then the economy crashes by early 2025 especially due to accounting adjustments down to those economic stats
https://www.cnn.com/2024/01/26/economy/us-gdp-other-countries/index.html
.
Why is the US economy supposedly doing better based on Biden admin reported economic statistics ? Because its an election year ..
I will laugh my ass off if Biden wins and then the economy crashes by early 2025 especially due to accounting adjustments down to those economic stats
https://www.cnn.com/2024/01/26/economy/us-gdp-other-countries/index.html
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49
RWSGFY
2024 Jan 26, 4:48pm
RWSGFY
2024 Jan 26, 4:48pm
AD says
To me, 5 years seems like a reasonable time span to asses an investment. I usually ditch stocks which fail to beat S&P over 5 years. 20 years is meaningles to me, because it's not much different from HODL. So if I owned BRK-B it would be sold now.
RWSGFY says
Here's the only Buffet indicator one needs to see:
I agree as BRK-B has made a few mistakes recently but BRK-B is up 903% compared to 230% for the S&P 500 since 1 January 2000.
https://www.cnbc.com/2021/01/08/how-warren-buffetts-uphill-battle-against-the-sp-500-is-changing.html
To me, 5 years seems like a reasonable time span to asses an investment. I usually ditch stocks which fail to beat S&P over 5 years. 20 years is meaningles to me, because it's not much different from HODL. So if I owned BRK-B it would be sold now.
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