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Just listen to a couple hours or Warren buffet and Charlie Munger, it'll cure that and then you can focus on your golf game.
by iancmceachern 3y ago
Just listen to a couple hours or Warren buffet and Charlie Munger, it'll cure that and then you can focus on your golf game.
- neilv 3y agoWouldn't those guys inspire some people to spend huge amounts of time researching, stock-picking companies you can understand with moats and good management teams, trying to buy when blood in the water, oddly favor junk food, etc.? Jack Bogle would have you park it in a balance of broad index funds, and generally don't touch it, nor even think about it: https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy#Maintain_discipline https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_...
- iancmceachern 3y agoYes, once. And then they would tell you to leave it alone, and not think about it, at all, for 30 years.
- tourmalinetaco 3y agoConsidering Buffett challenged hedge funds that they couldn’t beat S&P500 index funds over a decade, I‘d say they‘re both on the same page: https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp https://www.investopedia.com/articles/investing/030916/buffe...
- neilv 3y agoYep, and IIRC Buffet suggested S&P for wife's investments. His research-heavy investment, and ideas around stock-picking, seems to be how he wants to spend his time. So, if trying to steer people away from obsessing about growing/hoarding more money than they'll ever need... maybe just steer away from Buffet altogether, and towards Bogle. (Bogleheads can also become a time-consuming activity, but more likely to instill the message of just stuffing it in total-market index funds, keep it boring, and don't think about it.)