Saturday, September 13, 2008

Macroeconomic predictions

"Bershire has not thrived in the past from making macroeconomic predictions. Therefore, we don't think a lot about it. We just try to do sound things and we figure economic trends will average out over the long run. We're agnostics on the economy."

(Charlie Munger in Berkshire Hathaway Annual Meeting 1990)

No comments: