As far as gurus go, I’m looking at investors like Buffet, Munger and Mohnish Pabrai. Guys like Jim Cramer are a waste of time and basically entertainment for speculators, IMO.
My view of the market and plan for the next year or two could be completely wrong. I have read a lot about index funds and I agree with them but I enjoy selecting companies. I was also investing whenever I had the money. More recently, stocks look very expensive so I haven’t bought anything. I also haven’t sold any of my holdings. I’m content now to pile up some cash and see what happens.
Slava, given your work, you probably have better insight into a potential correction. To my knowledge, index funds weren’t as popular or as available, during past corrections, as they are now. There is some concern about how a crash with a large percentage of money in index funds would play out. Even John Bogle was concerned about how high levels of passive investing would impact the markets.
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