iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
17,115 Blog Posts

Reminder: Warren Buffett is a Senile Old Man

It’s okay, we’re all gonna be him at some point, sans the fortune, power and stardom. As a point in fact, according to my genetic make up, I will be harangued by Alzheimers at some point in my life — with a 4x chance of receiving such a gift based on my DNA.

Warren Buffett has been bullish on stocks his entire life — and it has served him well. Finally, he’s gone too far. Not even Ramp Capital can take such bold statements seriously.

What did he meant that Dow 1 million is a pessimistic target? What sort of brainless fucktards does he take us for anyway? This is newsletter tier horseshit, from America’s most successful investor of all time. SAD!

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15 comments

  1. fxtradepro

    Sounds to me like Warren is trying to buy “your” margin call on a Dow -5000pt type day.

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  2. acehood

    You still lift weights Fly or did you give that up along with bacon?

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    • Dr. Fly

      I lift a little. I go to the gym maybe once per week now. When I do go, I mostly feel lethargic and weak, lifting maybe 50% of what I used to.

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      • acehood

        This is a truly remarkable turnabout for you. I thought the whole point of lifting and meat eating (no homo) was so you could literally tear your enemies limb from limb, should the occasion arise.

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        • moonshot

          The Fly will emerge from this vegan disease and once again rip the flesh of animals and vanquish his enemies. I’m sure if it. In the meantime I am enjoying this WWE-style scripted drama.

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      • fryguy15

        SAD

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  3. hattery

    He said in 100 years. That’s 4% CAGR. Where do we sell 100 year European style put options on 1M strike price?

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  4. fryguy15

    Prime rib for both lunch and dinner, please.

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  5. infinitezuul

    “sans the fortune, power and stardom. ”

    You refuse to use the Oxford Comma. Where did you attend school? Haiti?

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  6. hedge500

    Him saying dow to a million and Yellen saying we’ll never have a recession/depression (forgot the exact) ever again – What happens when automation has removed lower tier and mid tier jobs from the system?? Pares quite nicely with an ever growing population.
    What will an iPhone cost with dow a million? +$200,000?

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  7. acelazlo

    When future market historians write about the great bull market of 2009-2017, they will use this Buffet comment, and President Trump boasting about the stock market performance to the UN, as signs that the top was almost in.

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  8. metalleg

    What’s the value of any asset in USD terms when the USD is worthless?

    Dow 1,000,000 may be possible.

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  9. sarcrilege

    Venezuela, Weimar, Zimbabwe, Hungary etc. come to mind.

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