I guess when you're as good at stock picking as Buffett of Peter Lynch, you can bend the rules. But they've had their disasters just like everyone else.
My problem was a combination of being impatient and not knowing what the heck I was doing :o)
With Berkshire's cash well over $100 bil, and Buffett having so much trouble finding values, you have to wonder how much longer the aging bull market has to go. John Bogle said his most bearish allocation would be 50% stocks, 50% bonds (he was in his 80s), and that's where I have mine set right now (actually 45% stocks, 50% bonds and cash, 5% gold Eagles). With yields finally up somewhat, bonds and cash have become viable options again for income.
News 
Market Data 
Discover 
