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  • LwC commented on Joseph L Shaefer's article 02-22 11:30
    Index Investing Is a Delusion
    “Illusion is an impression that, though false, is entertained provisionally on the recommendation of the senses or the imagination, but awaits...
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    LwC 02-22 11:30
    • I suppose you also think that Warren Buffett (Trades, Portfolio) is delusional:


      “My advice to the trustee [of his estate> couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) I believe the trust's long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee managers.”


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