Warren Buffett’s* shareholders’ meetings are attended by 25,000 shareholders who come to Omaha every year to listen to the “Wizard of Omaha” give them his sage advice about investing. In the four articles that follow, you will see that he embraces and promotes all the ideas presented in “The Plan”.
In each of the articles below, Warren Buffett advice to his 1000s of shareholders is EXACTLY the same advice I am giving you. Read and believe.
Warren Buffett I “Invest Like Buffett”
Warren Buffett II “Buffett’s Advice To Barack Obama”
Warren Buffett III “Buffet’s Advice to 2013 Shareholders”
Warren Buffett IV “The Smartest Thing You Can Do With Your Money”
Here is the essence of the article in case you don’t read it.
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.
*Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway and consistently ranked among the world’s wealthiest people. He was ranked as the world’s wealthiest person in 2008 and as the third wealthiest person in 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.
Because his company, Bershire Hathaway is located in Omaha, he is often referred to as the “Wizard of Omaha”, “Oracle of Omaha”, or the “Sage of Omaha” and is noted for his adherence to the value investing philosophy