When the Fortune comes out with their richest persons list... and one realizes that the number one person on the list, Warren Buffet, amassed his fortunes by "investing" ... it's probably a good idea to take a look at his advice.
It's also wise to go back a few years and see if he made any predictions- any that might apply to our current market.
Well- that's what the smart people at TradeReform did.
They looked back on a Fortune article called, "Squanderville versus Thriftville".
Among other things he:
- "Called wolf" on banking.
- Felt the dollar would slip against other currencies.
- Claimed our country's "net worth," was being "transferred abroad at an alarming rate."
I'll let you read the rest- I think it's worth capturing the flavor of the words.
Read it and let me know what you think.
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Chuck Willman is the founder of USAVest... a nationwide network of investment minded individuals.
Visit: www.USAVest.com
Hi Chuck, Great article! Warren is like a little wise man that lives in a mysterious place high up ion the mountain where people come from miles (thousands) around to hear him talk :-).
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