Wednesday, February 11, 2015

Wolf Richter vs Jack Bogle

BI - OMG says Wolf Richter, sell everything! When a call like this is made, I feel very bullish the S&P 500, because Wolf Richter is a fucking nobody. In this case, he's saying "inventories are at Lehman levels", which means he's ignored the other 20 economic indicators that say everything is fine.


FT - Warren Buffett says know when to hold 'em. Most important is this quote from Jack Bogle:
Just buy the damn index fund.
Jack Bogle is a much more significant person than Wolf Richter, so I'm gonna go with Bogle on this one.

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