Thoughts on Berkshire Hathaway’s 2020 Cash Pile, Markets, Inflation, the US Dollar, and so on
In his annual reports and shareholder meeting Q&A sessions, Warren Buffett often mentions a stand-out period from 1968 to 1979 where the US stock market was stuck in a “consolidation” pattern – it wasn’t flat, the market hit a high in 1968 and didn’t fully break out until after 1979. It included a 50% crash, …