Wall Street indexes predicted nine out of the last five recessions.
I come back to the same thing: We've got the greatest pipeline in the company's history in the next 12 months, and we've had the most amazing financial results possible over the last five years, and we're predicting being back at double-digit revenue growth in fiscal year '06.
Trust me: I was the most bullish on 'Deadpool.' When I was day one on the set, I said, 'This is going to open at $75 million,' and they all said, 'Shut up, Liefeld; you're jinxing us.'
Wall Street is where prophets tell us what will happen and profits tell us what did happen.
One could imagine a period like Japan13 years ago, however, in which indexing over time wouldn't work.
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century.
I reckon this could mean another 10 million at the box office.
I don't think it's any sort of stretch of the imagination to say that, very, very realistically, each single bitcoin, if bitcoin becomes popular, will have to be worth at least tens of thousands of dollars.
Team, it turned out that Michael Dell wasn't perfect at predicting the future. Based on today's stock market close, Apple is worth more than Dell. Stocks go up and down and things may be different tomorrow but I thought it was worth a moment of reflection today.
I want to be known as one of the most accurate investors that ever lived.
The foresight of financial experts was, as so often, a poor guide to the future.
I'd be kidding if I said that I predicted the financial collapse.
The usual reason companies are funded or valued on the stock market for not having a current profit is because the investors believe there will be a future profit.
Back in 2005 and 2006, I argued as forcefully as I could, in letters to clients of my investment firm, 'Scion Capital', that the mortgage market would melt down in the second half of 2007, causing substantial damage to the economy.
Give me five minutes and I can predict your financial future for the rest of your life.
