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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (91065)5/28/2001 3:19:16 PM
From: Don Lloyd  Read Replies (1) of 132070
 
KT -

...Warren Buffett has said in his message to shareholders to expect 6-7% returns from the stock market for the next 15 years...

Wouldn't there be an inherent qualifier in there that the 6-7% would be the annual return on investment IF Warren himself were the stock picker?

If the average shareholder follows his stockbroker's advice in picking stocks, the 6-7% would be the total return of investment.

Regards, Don
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