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A comment on Show HN: I built a website to create financial models for any stock online. Parent comment

Re:Show HN: I built a website to create financial models for... by throwaway2037 on Saturday May 18, 2024 @10:17AM (#40399267)
The secret sauce is simple: low cost ETFs that track the S&P 500 index. Regular, automatic investments. Go to sleep. Wake up 30/40/50 years later. You will be rich. Warren Buffet supports this idea for retail investors.
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Re:Show HN: I built a website to create financial models for... by anamax on Sunday May 19, 2024 @05:43AM (#40405644)
> Warren Buffet supports this idea for retail investors.

Everything that Buffet says falls into one of two categories: [1] He has no relevant knowledge. [2] He/Berkshire makes money from it.

[2] Is the most common. (His railways transport oil. His insurance companies make money from the inheritance tax, a tax that his estate won't pay. Etc.)

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Re:Show HN: I built a website to create financial models for... by throwaway2037 on Sunday May 19, 2024 @11:05PM (#40411797) 

    > His insurance companies make money from the inheritance tax
I don't follow this. Can you explain more? Buffet has been quite clear that he expects low cost index-tracking ETFs to outperform even hedge funds with 2&20 fee structure.
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