Warren Buffett Discusses The Stock Market's Predictive Power In This Brief Video From 1962

Sam Ro | May 29, 2013, 7:04 AM | 1,325 |

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

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:

Please follow Clusterstock on Twitter and Facebook.
Follow Sam Ro on Twitter. Tags: Warren Buffett | Get Alerts for these topics »

To embed this post, copy the code below and paste into your website or blog.

View the original article here