[groanup]

In the long run (and we don't know how long that is), Buffet is right.

Well sure. I'll make a prediction: the Dow will go to 13,000. I don't have any idea when but it will.

I'll also predict that the dollar will lose value and then regain it - and then lose it again.

Buffet is only good at one thing: buying good companies at deep discounts and holding on for ten years.

By then Mr. Market has repriced the company correctly.

[Pessimist]

"I'll also predict that the dollar will lose value and then regain it - and then lose it again."

There's the difference between what Buffet is saying and what you're saying. He's not predicting a random rebound in the dollar absent changes to the underlying trade deficit.