Buffett reassures investors on his firm’s future

Buffett reassures investors on his firm’s future
Associated Press ^ | May 3, 2014 2:41 PM EDT

Posted on 05/03/2014 1:00:23 PM PDT by Olog-hai

Billionaire Warren Buffett says he remains confident in his company’s prospects even though he recommended in his will that most of his wife’s inheritance be invested in an S&P 500 index fund. […]

Buffett says his plan for his wife’s inheritance is designed to provide peace of mind, not generate growth. …

(Excerpt) Read more at hosted.ap.org ...

TOPICS: Business/Economy; Chit/Chat
KEYWORDS: berkshirehathaway; charities; sandp500; warrenbuffett

1 posted on 05/03/2014 1:00:23 PM PDT by Olog-hai

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To: Olog-hai

An indexed fund is for someone without the skills that Buffet has. Since he won't be actively trading the portfolio after he dies, it makes perfect sense to invest in an indexed fund.

If he were investing in an indexed fund NOW, that would be a totally different story.

2 posted on 05/03/2014 1:17:25 PM PDT by E. Pluribus Unum ("The more numerous the laws, the more corrupt the government." --Tacitus)

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To: Olog-hai

Berkshire Hathaway...the bigger they are the harder they fall.

3 posted on 05/03/2014 1:28:16 PM PDT by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)

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