Monday, June 21, 2010

A Trip Down Memory Lane

In October 2008, Warren Buffett wrote an article in the New York Times making a big buy call on the equities market.  In the article, Buffett said that he was buying American stocks, and that "my money and my mouth both say equities."

Fast forward one and a half years later. Singapore stocks have since gained > 50 % from the date of that article, and even more if you bought within the 6 months after its publication. Some non-blue chip stocks even surged multiples from their lows, gaining up to 10x their value.

How prescient that call turned out to be!

1 comment:

Rhincodon said...

Well, he IS the Sage of Omaha after all. ;o) Of cos, quite possibly Sage of the entire equities world...