Here is Buffett's Partnership results from 1957-first half of 1967 as additional evidence that it matters not what the market does or who's President at the time. Eisenhower (R), Kennedy (D), & Johnson (D) all served during these periods.
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"The more numerous any assembly may be, of whatever characters composed, the greater is known to be the ascendancy of passion over reason." - Federalist no. 58