Warren Buffett says the Dow might climb over 1,000,000 in 100 years
|09/21/2017||Posted by BusinessMediaguide.Com under General World News||
Warren Buffett is still bullish on the long-term outlook for US stocks.
The billionaire investor said he expects the index to be “over 1 million” in a hundred years, according to Reuters. He was speaking at an event celebrating the 100th anniversary of Forbes magazine.
He added that it’s not an unreasonable forecast given the index was around 81 a hundred years back.
The Dow closed up by 0.18% at 22,370.80 on Tuesday.
Given that, it’s worth noting that a value of 1,000,000 in 100 years translates into about a 4% compound annual growth rate, which is lower than the average rate read more >>>