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> Warren Buffet supports this idea for retail investors. Everything that Buffet says falls into one of two categories: [1] He has no relevant knowledge. [2] He

by anamax 2y ago

> Warren Buffet supports this idea for retail investors. Everything that Buffet says falls into one of two categories: [1] He has no relevant knowledge. [2] He/Berkshire makes money from it. [2] Is the most common. (His railways transport oil. His insurance companies make money from the inheritance tax, a tax that his estate won't pay. Etc.)

throwaway2037 2y ago
> His insurance companies make money from the inheritance tax I don't follow this. Can you explain more? Buffet has been quite clear that he expects low cost index-tracking ETFs to outperform even hedge funds with 2&20 fee structure.