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Weschler makes essentially the same point: if you dont have the time or desire to spend 24x7x365 thinking about money, index funds are for you. sed s/money/life
by kjellsbells 2y ago
Weschler makes essentially the same point: if you dont have the time or desire to spend 24x7x365 thinking about money, index funds are for you. sed s/money/life problems/g.
I think that people forget that these homely-sounding guys like Buffett and Weschler have serious, serious time and mental investments in thinking about money. Theyre not serious like you or I, maybe, who watch a few hours of Bloomberg each week. They eat, sleep, and dream about investing. Theyre basically money monks. Theyre also (and I think they would admit it too) lucky. You can make some of your own luck in investing, by studying businesses like these guys do, but you still need to be lucky. I observe that many of their investments eschew fashionable sectors like tech. I wonder if that is, again, making their own luck. I think Buffett would have choice words to say about investing in Nvidia for example.