Warren Buffett’s Advice to His Heir’s is Wrong

Warren Buffett’s Advice to His Heirs

Here’s Warren Buffett’s advice for investing – to his heir’s. It’s great advice – just not for you.

“My advice to the trustee couldn’t be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee m...