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Buffet has given mixed signals on this. On one hand (and I think the strongest hand) he has endlessly endorsed low-cost index funds. But on the other hand, he
by RickJWagner 3y ago
Buffet has given mixed signals on this.
On one hand (and I think the strongest hand) he has endlessly endorsed low-cost index funds.
But on the other hand, he has been known to scorn wide portfolios as 'de-worseification'. He himself picks a handful of companies after much analysis (and does very well at it, of course).
For anybody that's not Warren Buffet, diversification is a great idea.
- bombcar 3y agoHe always endorses index funds for people who do not spend their entire life doing the stonks and even for most who do. Berkshire itself is basically an index fund of Buffet’s index. What he’s most strongly arguing against is managed funds where people “sell the ability to beat the market” which is bullshit.