Re:The Best Investment Advice You'll Never Get (2008)
by richard_cubano on Friday November 07, 2014 @08:38PM
(#8575679)
Or you could, uh, buy Berkshire Hathaway...
Re:The Best Investment Advice You'll Never Get (2008)
by conanbatt on Saturday November 08, 2014 @12:28AM
(#8576123)
At 214k a single stock, that doesnt seem very attainable.
Re:The Best Investment Advice You'll Never Get (2008)
by elsewhen on Saturday November 08, 2014 @01:08AM
(#8576195)
there is a "b" class of berkshire hathaway shares that track almost identically with the "a" class that cost $214k:
https://www.google.com/finance?cid=9614464
the b shares are currently selling for $143/share
Except Warren Buffet himself is a huge proponent of low-cost index funds, and recommends them for the average person.
You really can't use him as an example because he's at the extreme end of the spectrum: wealthy to the point where managing his wealth is his full-time job. He has decades of experience and the knowledge that brings. So to him, it does look as if no one else is playing the game. That's the real context of his quote.