A Century’s Yield: Buffett’s Dow Prediction

Yet, in September of 2017, at a gathering commemorating a century of Forbes, Mr. Buffett offered a glimpse beyond the immediate horizon. He posited that the Dow Jones Industrial Average (^DJI +0.53%) might, within a hundred years, ascend to the formidable height of one million. A pronouncement met with the customary blend of skepticism and polite interest. At the time, the Dow rested at a mere 22,370—a four-thousand-one-hundred-and-seventy-nine percent ascent required to reach such a lofty peak.








