Nine Years Ago, Warren Buffett Predicted This Investment Would One Day Return 4,179%: Here's How It's Doing

Core Viewpoint - Warren Buffett predicts that the Dow Jones Industrial Average will reach 1 million within 100 years, despite market uncertainties and historical challenges [1][2]. Group 1: Historical Performance - The Dow started the 20th century at 66.08 and closed at 11,497, representing a 17,299% increase despite significant historical events such as two World Wars and the Great Depression [3]. - From 1913 to 2000, the Consumer Price Index (CPI) rose by 1,582%, while the Dow returned 14,490%, outperforming inflation by nearly 10-to-1 [4]. Group 2: Recent Market Trends - Since Buffett's 2017 prediction, the Dow has risen to 48,407, reflecting a 107% gain and annualized returns of over 9%, surpassing the average annual return of 5.29% in the 20th century [5]. - Buffett expresses confidence that the Dow will increase over a shorter time frame, stating it will be significantly higher in 20 years [6]. Group 3: Investment Strategy - A recommended investment approach to capitalize on the market's long-term growth is through the Vanguard Total Stock Market ETF, which offers broad diversification across various company sizes [6].