Warren Buffett Just Said the Dow Jones Will Hit 1 Million. Here’s Why That's Too Conservative

Warren Buffett Just Said the Dow Jones Will Hit 1 Million. Here’s Why That's Too Conservative

Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett spoke at a recent event celebrating Forbes magazine's 100-year anniversary and made a seemingly bold prediction about the future of the stock market. It may sound far-fetched compared to the current level, but Buffett thinks that the Dow Jones will be over 1 million points in 100 years.

Despite how high that number may seem to you and me, there's an argument to be made that Buffett isn't making a bold prediction at all. In fact, the Oracle of Omaha could be making a rather conservative estimate.

Image Source: The Motley Fool.

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Source: Fool.com