Motley Fool: Buffett: Enjoy 10% A Year Until 2016

Posted on by Rob Lewis - Leave a comment

Stock market legend Warren Buffett suggests the Dow Jones index will return 10% per annum over the next 10 years.Revisit two Fortune magazine features recounting speeches given by the billionaire, one made during July 1999 and the other during July 2001, and you can roughly determine his current projection for the US market.

Alongside plenty of common sense remarks concerning GDP, stock market valuations, the importance of sustainable competitive advantages and the burden of over trading, Buffett stated the following:…

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