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Brilliant. Only a person of the caliber of Buffett can get away with repeating what has been common knowledge since the 1970s and is nowadays written in pretty
by KKKKkkkk1 11y ago
Brilliant. Only a person of the caliber of Buffett can get away with repeating what has been common knowledge since the 1970s and is nowadays written in pretty much every financial self-help book to a rapt audience who record his every word and quote him on Internet forums.
- JamilD 11y agoHe's not claiming it's new information or something only he knows. In fact he attributes most of his knowledge to Graham. Read some of the other comments in this thread and you'll see it's not common knowledge either.
- drumdance 10y agoIndex funds were scorned for many years. The first index fund was started by John Bogle in 1976, but he had a difficult time attracting investors. They didn't really become popular until the nineties. This Planet Money episode talks about it in detail. http://www.npr.org/sections/money/2016/03/04/469247400/episode-688-brilliant-vs-boring http://www.npr.org/sections/money/2016/03/04/469247400/episo...