Warren Buffett
Person on 3 sites
Chairman and CEO of Berkshire Hathaway since 1965, and its majority shareholder; wrote its annual shareholder letters himself for six decades.
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1 channel on ppll (opens ppll.app)
Where public figures publish, and what they are on record saying.
Updated 2017-02-25 -
3 beliefs on korrents (opens korrents.com)
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Investors do better over time in a low-cost index fund than in a group of hedge funds, on average. (opens korrents.com)
“Investors, on average and over time, will do better with a low-cost index fund than with a group of funds of funds.”
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When trillions of dollars are managed by high-fee Wall Street managers, it is the managers who reap the outsized profits, not their clients. (opens korrents.com)
“The bottom line: When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients. Both large and small investors should stick with…”
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His advice to his own estate's trustee is the same advice he gives everyone: almost all of it into a low-cost S&P 500 index fund, not with a high-fee manager. (opens korrents.com)
“My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from…”
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Investors do better over time in a low-cost index fund than in a group of hedge funds, on average. (opens korrents.com)
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2 recommendations on rcmnd (opens rcmnd.app)