Legendary Vanguard Founder Jack Bogle says that the stock market’s gains over the past decade look reasonable — if you trust the accuracy of corporate earnings. And he doesn’t appear to.
Top-rated economist Francois Trahan is sounding very bullish on stocks — particularly small stocks — and the big reason is the US’s positioning relative to the rest of the world.
While they may be known more for investing in insurance companies and firms that make and sell simple consumer goods, Warren Buffett and Berkshire Hathaway are also quite fond of bank stocks these days. In fact, if combined into one company, Berkshire’s bank investments would represent a $50 billion-market-cap bank — the eighth-largest in the US. And in a recent piece for CNBC, Tim Mullaney says that Buffett’s big bank position shows a good deal about his investment philosophy.