9 Times Warren Buffett Predicted the Stock Market Accurately
By John Csiszar of GOBankingRates |
When Warren Buffett talks, the world listens and they should. He is, after all, one of the most successful investors of all time and the No. 4 richest person in the world. After earning more than $1 billion in 10 weeks on a bet on Chevron, Buffett briefly became one of only six people ever to grow their net worths to 12 figures, although he’s currently back down under $100 billion. He’s the CEO of Berkshire Hathaway, a holding company that Buffett runs with his investment partner, Charles Munger.
His prescient calls about stocks and the market, in general, have earned him the nickname “The Oracle of Omaha,” in honor of the Nebraska city where he resides. Buffett offered one of his most dramatic market predictions in September 2017, when he predicted that by 2117, the Dow Jones industrial average would hit 1,000,000.