Yup, the authority is right(Bogle and Buffett) and the reasoning behind bogleheads recommendation to the 3 fund portfolio is wrong. Buffett and Bogle have both give a ton of reasons why(see above)Phineas J. Whoopee wrote:Nick341981 wrote:...
I agree, the only question now would be what should we call people who choose to follow the advice of Jack Bogle and Warren Buffett as far as being U.S. Index investors and bond indexs allocated appropriately of course? Buffettheads perhaps?The authority is not the reasoning.The Bogleheads wiki, in the ninth of ten points of philosophy, wrote: Invest with simplicity.
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PJW
Buffett’s bets: how dumb are hedge fund managers?
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