Yet Buffett said most stock investors are better off with low-cost index funds than paying higher fees to managers who often underperform. On Saturday, he called Vanguard Group founder Jack Bogle "a hero" for his early efforts to popularize index funds. The index fund is up 85.4 percent, Buffett said, while the hedge fund groups are up between 2.9 percent and 62.8 percent. File Photo: Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. "Both large and small investors should stick with low-cost index funds," he added.
as informed in Mr Buffett said investors "will almost certainly do well" by staying with a "collection of large, conservatively financed American businesses". Mr Buffett, who supported Democratic candidate Hillary Clinton in the US presidential election, did not address Donald Trump's policies. Mr Buffett steered clear of mentioning President Trump in his annual letter to shareholders in his investment firm. Stock successHowever, over the course of the year it underperformed the S&P 500 share index for the fourth time in the last five years. The letter was more about Mr Buffett's "epitaph even more so than prior letters", said Cole Smead of Smead Capital Management.
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as informed in Mr Buffett said investors "will almost certainly do well" by staying with a "collection of large, conservatively financed American businesses". Mr Buffett, who supported Democratic candidate Hillary Clinton in the US presidential election, did not address Donald Trump's policies. Mr Buffett steered clear of mentioning President Trump in his annual letter to shareholders in his investment firm. Stock successHowever, over the course of the year it underperformed the S&P 500 share index for the fourth time in the last five years. The letter was more about Mr Buffett's "epitaph even more so than prior letters", said Cole Smead of Smead Capital Management.
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Warren Buffett: Warren Buffett says immigrants help 'miraculous' story of America
His weeks-old administration has been met with mass protests, contentious confirmation hearings for his cabinet picks and a legal showdown over a controversial immigration order. The billionaire frequently clashed with Trump during the campaign and scolded him for not releasing income-tax returns, as major party presidential candidates have done for roughly four decades.Since the election, Buffett has struck a more conciliatory tone and called for unity. In an interview with CNN in November, he said that people could disagree with Trump, but ultimately the president "deserves everybody's respect."Trump entered office last month with the lowest approval ratings for an incoming president in at least four decades. His inaugural speech painted an ominous portrait of the nation as a place of violent "American carnage" where "rusted-out factories" are "scattered like tombstones" and the middle class's wealth is "ripped from their homes."While Buffett, 86, supported Democrat Hillary Clinton in the presidential election, he's a widely respected business leader who has relationships with elected officials on both sides of the political aisle. Over the past five decades, he amassed a $76 billion fortune building Berkshire into a sprawling conglomerate with interests in insurance , energy, manufacturing, media, retail and transportation.Berkshire's Class A shares have climbed 15 percent since Election Day, bringing the company's market capitalization above $400 billion for the first time.In last year's letter, Buffett wrote sweepingly about why the country had a bright future, rebutting much of the economic pessimism that dominated Trump's successful campaign for the presidency.Since taking office last month, Trump has continued to paint a bleak picture.read more visit us profit
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