Taking Personal Finance Tips From Warren Buffett

The legendary investor offered his opinion on a lot more than just stocks at this weekend's Berkshire Hathaway company meeting.

Adam Zoll 16.05.2014
Facebook Twitter LinkedIn

In his most recent letter to shareholders,  Berkshire Hathaway CEO Warren Buffett raised more than a few eyebrows by revealing that, upon his passing, he has requested that 90% of his wife's share of his estate be invested in a low-cost index fund that tracks the S&P 500 and that the remaining 10% be held in short-term government bonds.

The reason? Buffett says the index fund would likely outperform an investment portfolio run by "high-fee managers."

Hearing one of history's great stock-pickers advocate index funds--for his wife, no less--came as a surprise to many, but it wasn't the first time Buffett has offered his opinion on financial matters beyond merely which stocks he likes. On Saturday, before a capacity crowd inside the CenturyLink Center Omaha Arena, he and company vice chairman Charlie Munger fielded questions from journalists, analysts, and shareholders gathered for the company's annual meeting. Many questions concerned the company's performance and future plans, but others were broader, offering a glimpse at Buffett's outlook on matters of personal finance that could be useful to just about any investor.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Member.

Register For Free
Facebook Twitter LinkedIn

About Author

Adam Zoll  Adam Zoll is an assistant site editor with Morningstar.com

© Copyright 2021 Morningstar Asia Ltd. All rights reserved.

Terms of Use        Privacy Policy        Cookies