Dow 40,000 May 19, 2024May 18, 2024 Well, it took 8 years longer than the author of Dow 40,000 predicted in 1999 . . . but sure enough, Friday: Dow closes above 40,000 for first time ever. Trump, by contrast, predicted — over and over — that if we elected Joe in 2020, we’d “have a crash like you’ve never seen before.” And since we’re mixing stocks and politics, I’d remind you that if you’d sold your Berkshire Hathaway at $126,183 a share when Warren Buffett was 82 — the age Joe will be when he wins in November — you would have left an awful lot on the table. BRKA shares closed at $629,375 Friday. Warren is 93. It’s not calisthenics. It’s judgement — and assembling a great young team beneath you to do most of the work.