--- title: Warren Buffett Says the Dow Will Be Over 1 Million in 100 Years description: At a Forbes party honoring great business minds, Warren Buffett predicted the Dow would hit 1 million in 100 years, and sang with Stevie Wonder. authors: - name: Rob Wile url: https://money.com/author/rob-wile/ at_money_since: 2017 articles: 191 covers: - Investing - Business - Career Advice - Economy and Politics - Education - Housing - Identity Theft - Insurance - Lifestyle - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/rjwile former_staff: true published: '2017-09-20T13:39:48.000Z' modified: '2017-09-20T13:39:48.000Z' section: Investing tags: - Billionaires - Dow - Stevie Wonder - The Economy - Warren Buffett word_count: 236 canonical: https://money.com/warren-buffett-dow-prediction-stock-market-stevie-wonder/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Forbes Media Centennial Celebration](https://img.money.com/2017/09/warrenbuffettdowsteviewonder-em-849890470.jpg) *Warren Buffett (C) is joined onstage by 24 other honorees at a celebration of the Forbes list of 100 Greatest Business Minds.* Warren Buffett didn't become one of the world's richest people by betting against America. In remarks Tuesday night at a Forbes party celebrating 100 great living "business minds," the Berkshire Hathaway chairman noted that none of the other honorees did either. “Whenever I hear people talk pessimistically about this country, I think they’re out of their mind,” Buffett said [according to Reuters](http://www.reuters.com/article/us-buffett-forbes/buffett-calls-pessimists-about-united-states-out-of-their-mind-idUSKCN1BV0A3?il=0). He continued: “It has been 241 years since Thomas Jefferson wrote the Declaration of Independence. Being short America has been a loser’s game. I predict to you it will continue to be a loser’s game.” Buffett has earned $5.7 billion in the past 12 months [according to the Bloomberg Billionaire's](https://www.bloomberg.com/billionaires/) index, putting his net worth at $78.8 billion, fourth-highest in the world. Buffett also predicted the Dow Jones Industrial Average would be “over 1 million” in 100 years, given how the index has performed since it was first introduced over a century ago. The index closed Tuesday at 22,370.80, and is up 23% over the past year. Bear in mind that Buffett was being a little disingenuous with his predictions about the Dow. While the 1-million mark sounds astounding, the Dow would only need to grow by 3.8% annually, which is historically lousy. Still, Buffett was so pleased at the Forbes event that he literally burst into song, singing a duet of "The Glory of Love" with Stevie Wonder. 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