*warning* this is video only.https://www.youtube.com/watch?v=idr6c8NHuWsTim
Simple, but timeless and invaluable, advice.Most money managers have to game returns (showing pre-tax, gross of fees, or cherry picking a time period) to show performance on par or in excess of index fund returns.I would be very curious to learn more about Buffett's thoughts on index funds, whether he has any opinion on market cap weighted versus equal weighted, or S&P 500 versus mid cap and small cap. The returns from some are vastly different than from others, even over long time periods.
"I would be very curious to learn more about Buffett's thoughts on index funds,..."Since I posted an article about replicating Berkshire with DIA, PBJ, XLP, and EFA, I have been been researching ETF's in earnest. My interest picked up additionally when I saw several posts about VDC.Fidelity, which came to the ETF game late has been encouraging the use of ETF's with no commission trading of 65 ETF's.http://personal.fidelity.com/misc/buffers/ishares_etf.shtmlI understand the encouragement of many to have a concentrated portfolio but I just don't feel comfortable with all of my eggs in 3 or 4 baskets and when I am not comfortable I tend to trade too much.Tim
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