57: Did Warren Buffett Predict Today's Markets 20 Years Ago?
He's Seen It All
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They’ve Seen It All
If you listen to the video below with your eyes closed you might think Buffett and Munger were talking about 2022. At 91 and 98, respectively, Buffett and Munger have seen it all.
“I do think that the present time is a very unusual period. It’s hard to think of a time when residential real estate and common stocks and so on rose so rapidly in price … so much easy money floating around … this is a very unusual period.” — Charlie Munger
“What’s fascinating … is that you can now have a business … that might have been selling for $10 billion where the business itself could not have borrowed $100 million in debt. … But the owners of that business, because it’s public, can borrow many billions of dollars on their little pieces of paper.” — Warren Buffett
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Stay rational! —Adam
