Warren Buffett on the Stock Market -- in 1962

Warren Buffett
By Sam Ro

Warren Buffett will tell you that his investment career began in the 1940s when he bought shares in a company as an 11-year-old.

However, there isn't much footage of the Oracle of Omaha available before the 1980s.

Reformed Broker Josh Brown points us to this rare 1962 interview with Buffett on ValueWalk.com.

In this brief clip, Buffett discusses the predictive power of the stock market.

"The stock market has been a good forecaster from time to time in the past," he said. It also has been a rather poor forecaster occasionally."

He addressed an ongoing sell-off in the stock market.

"For example, the last four or five years, the stock market has been booming along presumably forecasting better business which has really not materialized," he said. "So maybe the stock market is correcting a previously incorrect forecast this time."

Watch the whole clip here:

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Well done, Mr. Buffett.

May 29 2013 at 11:23 PM Report abuse rate up rate down Reply

the stock market does not predict the future

May 29 2013 at 10:24 PM Report abuse -1 rate up rate down Reply