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Warren Buffett believed the large fees from active managers was not worth the cost. That in fact the exorbitant fees only enrichen the finance industry and hurt the consumer.
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The Bet That Proved Passive (Index) Investing is Superior to Active Management
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In a 2005 letter to the shareholders of his company wrote that active management professionals (hedge fund managers) not outperform individuals who used a passive (index) investing strategy over a ten-year period. To prove his sincerity in this belief he offered $500,000 (for charity) to anyone w...
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Buffett acknowledged a lesson learned from an interesting plot twist over the course of the bet.
· At the outset of the wager, Buffett and Seides bought about $300,000 worth U.S. Treasury bonds, widely considered a safe investment.
· The expectation was that the bonds wo...
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· "Bonds had become a dumb -- a really dumb -- investment compared to American equities" or stock, he said.
· So, in 2012, Buffett and Seides dumped their Treasury bonds and used the money to buy B-class shares of Buffett's Berkshire Hathaway (BRKB).
· By the end ...
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John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund. An avid investor and money manager himself, he preached inve...
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CURATED FROM
Attempting get rich schemes may very well lead to going broke quickly. Trying to get rich quick is gambling it is not investing.
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Warren Buffett attributes a large part of his success to consistently avoiding preventable mistakes by religiously following basic tenets and ideas he knows will work.
To counteract the often negative influence emotions can have in investment decisions, Buffett uses several checklists, incl...
Warren Buffett, the famous investor, stated that his most important investment was in Dale Carnegie's speaking course because being a good communicator (both in speech and in writing) highlights, even more, the other skills you happen to have.
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