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How low will the Dow go? Brace yourself for the worst-case scenario

It seems like only yesterday that millennials were sharing their 401(k) accounts online, telling the world they were millionaires on paper. Well, it was. Or a couple of weeks ago, to be exact.

As with most stock volatility that has subsided, it seems like a lifetime ago.

Warren Buffett wrote in his annual letter to Berkshire Hathaway BRK.B, +1.01%BRK.A, +0.87% shareholders Saturday: “A large portion of our gain did not come from anything we accomplished at Berkshire. The $65 billion gain is nonetheless real — rest assured of that. But only $36 billion came from Berkshire’s operations.

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