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Feb 29, 20081

Buffett Warns on Double Digit Returns

Categories: Investing, Retirement

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An article on CNN’s website for Fortune makes me a bit nervous. It is titled Buffett: Don’t Bank on Big Returns. He points out that during the last century, the DOW went from 66 to 11,497. This averages out to 5.3% per year. If the market maintained that average until 2100 the DOW would be worth nearly 2 million. He thinks this is highly unlikely.

I’m not too sure to think… if the markets (and inflation) continue to grow, you think it would be as he describes. I think I need an economist’s opinion.