If you tell me that 3% long bonds will prevail over the next 30 years, stocks are incredibly

cheap.

If I had a choice today for a 10-year purchase of a 10-year bond that whatever it is, or

10 years or buying the S&P 500 and holding it for 10 years, I'd buy the S&P in a second.

Interesting.

From one of the world's greatest investors, Warren Buffett, we have talked a lot over the

years how financial reporting might be the stupidest reporting that ever happens in the

media.

Yup.

The things that they report on, anybody who needs to know already knows and knows a lot

more than that.

If you don't, you don't need to know what they just said.

Right.

So I remember when we first started, there was a, we did an hourly or half hourly market

reports.

We told the boss we just didn't think we needed to do that and he said, look, everybody's

invested in the stock market now, which is true, but almost nobody is trading on an hourly

basis.

I mean, like close to zero.

And again, as Joe said, if you are the sort of person that's trading on an hourly or even

daily basis, most people don't even trade on a weekly basis.

You're getting your information from someplace other than hold on.

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