Submitted by VINBot on Sun, 2017-05-14 09:00
- "The record shows that the unmanaged index fund is going to do quite well over time and active investment as a group can't beat it."
- Most employer-run 401(k) retirement plans offer multiple mutual funds with different assets strategies, but Buffett warned against going with those options, saying "You'll do very well with an S&P index."
- "Sure, some are going to have better than average just but the fact that if you flip a coin, some are going to call heads and some are going to call tails. And one or the other will be right at that time."