[jond2062]

I'm sorry, but this is just lunacy. Warren Buffett will go down as the greatest investor of all-time. Unlike many of the hedge fund managers out there who like to talk a big game based on 1, 2, or 3 year returns, Buffett has been beating the market for over 50 years. While you are right that he is the first to admit when he makes a mistake, his record is obvious, mistakes and all: http://www.usnews.com/usnews/biztech/personalfinance/persona...

For the rest of us, please take his advice and invest in an index fund. And don't try to time the market. As long as you are investing for at least 10 years, trying to pick the bottom is a loser's game.