Member-only story
Even the Oracle Can Get It Wrong
Warren Buffet Recommends Index Investing — Really Best for Your Money?
Comparing actively managed mutual funds to low-cost index funds may surprise you…
He’s been called the Oracle from Omaha.
Warren Buffet is arguably one of if not the most successful investors of all time.
He’s often quoted as saying, “A low-cost fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.”
A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth. — Warren Buffet
Given that his Berkshire Hathaway has made many people multi-millionaires, that seems odd, and tends to lend even more credence to this assertion.
But is it really true?
