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25 February 2017

Warren BuffettKorrents 25 Feb 2017

From one piece Berkshire Hathaway 2016 Chairman's Letter 2 beliefs · berkshirehathaway.com

korrents.com
When trillions of dollars are managed by high-fee Wall Street managers, it is the managers who reap the outsized profits, not their clients.

managementstock marketinvesting

Their words

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 low-cost index funds.

Berkshire Hathaway 2016 Chairman's Letterberkshirehathaway.com
korrents.com
Investors do better over time in a low-cost index fund than in a group of hedge funds, on average.

stock marketinvesting

Their words

Investors, on average and over time, will do better with a low-cost index fund than with a group of funds of funds.

Berkshire Hathaway 2016 Chairman's Letterberkshirehathaway.com

28 February 2014

Warren BuffettKorrents 28 Feb 2014

korrents.com
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.

governmentmanagementstock marketinvesting

Their words

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 this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers.

Berkshire Hathaway 2013 Chairman's Letterberkshirehathaway.com

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