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Buffets advice
Posted on 1/24/16 at 9:34 am
Posted on 1/24/16 at 9:34 am
I think its pretty telling that Buffet said when he dies to put 90% of his estate in a S&P 500 fund and 10% in Government bonds. For any novice or experienced investor I believe it doesn't get any simpler than this for long term investing. Sure you may be able to beat the market long term but the sheer simplicity of this advice bears repeating.
This post was edited on 1/24/16 at 10:25 am
3
Posted on 1/24/16 at 9:51 am to mailman85
I had thought he said his estate. I guess he'd be retired if he had an estate.
Mr. Buffett has made his share of mistakes throughout his career. He has. He's made statements to his shareholders that appear to be less than transparent. But he has done very, very well.
Here is what I would personally take way from what he has managed to accomplish.
1) Consistency always outperforms occasional brilliance.
2) It's hard to pick a price point, easier to pick a fundamentally sound business to invest in.
That's just my take however. I also like that hard pack hand scoop ice cream. Not so much the 43 metric tons of soft serve at DQ. But I think he owns retail distributors of both types of ice cream.
Mr. Buffett has made his share of mistakes throughout his career. He has. He's made statements to his shareholders that appear to be less than transparent. But he has done very, very well.
Here is what I would personally take way from what he has managed to accomplish.
1) Consistency always outperforms occasional brilliance.
2) It's hard to pick a price point, easier to pick a fundamentally sound business to invest in.
That's just my take however. I also like that hard pack hand scoop ice cream. Not so much the 43 metric tons of soft serve at DQ. But I think he owns retail distributors of both types of ice cream.
Posted on 1/24/16 at 6:15 pm to Iowa Golfer
quote:
I guess he'd be dead if he had an estate.
Fixed.
Posted on 1/24/16 at 7:06 pm to foshizzle
Well, if he were dead, I'd guess he be retired also? 
Posted on 1/24/16 at 7:15 pm to Iowa Golfer
Don't forget it helps to have friends in high places to get sweetheart deals.
Posted on 1/24/16 at 7:47 pm to Janky
I own BRK. It's done well. It's not for everyone as it pays no dividends, and the average person will need to sell in order to realize a gain, especially at retirement time. At least BRK.A shares. Which brings into play at what point they sell, and price timing. In the aggregate, and based on historical appreciation this shouldn't be an issue. But it could be if we had a repeat of 2008 as an example, and that was the point a retiree needed to sell at.
I'm under no misunderstanding about some of Mr. Buffett's business practices. He is likely neither less ethical, nor more ethical than the rest. But to say he is 100% honorable I'd have to disagree with.
I'm under no misunderstanding about some of Mr. Buffett's business practices. He is likely neither less ethical, nor more ethical than the rest. But to say he is 100% honorable I'd have to disagree with.
Posted on 1/24/16 at 8:38 pm to Iowa Golfer
Warren Buffet is a terrible human being. He makes his money off of Mexican drug deals and insider trading.
Posted on 1/24/16 at 8:51 pm to Statsattack
Hadn't heard this before. Could you provide more details?
Posted on 1/24/16 at 8:57 pm to mailman85
Buffet has pledged to give away 99% of his fortune just like Bill Gates. So if you want that last 1% to continue to grow then you'd want to be primarily in equities.
Posted on 1/24/16 at 9:13 pm to mailman85
Buffet has been a crappy investor for a long time now. He should have done that a long time ago and just layered on the alpha that he picks up because of his name recognition.
Posted on 1/24/16 at 9:58 pm to Iowa Golfer
What are your thoughts on conspiracy theories? Was reading up on conspiracy theories and realized how Buffet has more "market knowledge" than 99% of Americans and he has invested or money is stored in a world bank.
I am under the impression of him and Bill Gates trying to get many millionaires to donate money to balance the wealth in America.
I am under the impression of him and Bill Gates trying to get many millionaires to donate money to balance the wealth in America.
Posted on 1/24/16 at 10:06 pm to Statsattack
He's a Democrat, consequently one needs to watch and listen to him carefully. I don't concern myself too much with his predatory lending and the other stuff. But he tends to speak carefully, and sometimes untruthfully.
But I own a bunch of stock in companies that have unethical ceo's, and make money however they can, ethics be damned. So I'm a hypocrite. I'm not the morality police.
Frankly, I'm getting to the point that the less I know, the happier I am. I think I'll probably have all of my money managed at some point soon. I'm don't pay that close of attention to it now as it is, and I like to go fishing in Guatemala and stuff like that. And I'm going to start doing stuff like that a bunch more. I'm back where it's cold for a couple of weeks, so I'm bored, and want to leave.
How's that for an answer?
But I own a bunch of stock in companies that have unethical ceo's, and make money however they can, ethics be damned. So I'm a hypocrite. I'm not the morality police.
Frankly, I'm getting to the point that the less I know, the happier I am. I think I'll probably have all of my money managed at some point soon. I'm don't pay that close of attention to it now as it is, and I like to go fishing in Guatemala and stuff like that. And I'm going to start doing stuff like that a bunch more. I'm back where it's cold for a couple of weeks, so I'm bored, and want to leave.
How's that for an answer?
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