Warren Buffett: Buy Low-Cost Index Funds
From Investment Intelligencer The Oracle delivered some secrets of intelligent investing in a press conference following the Berkshire Hathaway annual investor meeting: Buy low-cost index funds, which will outperform the majority of other investors (the vast majority). Avoid hedge funds.…
From Investment Intelligencer
The Oracle delivered some secrets of intelligent investing in a press conference following the Berkshire Hathaway annual investor meeting:
- Buy low-cost index funds, which will outperform the majority of other investors (the vast majority).
- Avoid hedge funds.
Buffett also said he hoped that Berkshire would outperform the S&P by a couple of percentage points (which wouldn’t be surprising, given the value effect). He added that he would be "amazed" if Berkshire did any better than that.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
