What were his comments in a December 2001 Fortune article about the market in 2000?
Memorably he stated that "the ratio rose to an unprecedented level. That should have been a very strong warning signal."
[It reached 148.50 on 3/30/00]
What was the percent return of the S&P 500 after the Market Cap/GDP reached that "unprecedented level?"
[it dropped 43.1% in three years]
Has there ever been another time when Buffett touted a “very low-cost index?”
As stated on Reuters.com in the Buffett: Index funds better for most investors article by Jonathan Stempel dated May 6, 2007, “Buffett said at a press conference,” “A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money.”
What was the Market Cap to GDP at that time?
[110.70 on 6/30/07]
What was the percent return of a “low cost” ETF that tracks the S&P 500 from May 6, 2007 to March 2009?
[it lost 53.6%]
What is the Market cap to GDP today?