Warren Buffett on buying & holding index funds

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snarlyjack
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Warren Buffett on buying & holding index funds

Post by snarlyjack » Sat Jul 28, 2018 11:12 am

This is a great advice from Warren Buffett on buying &
holding index funds.

Enjoy...

https://www.bing.com/videos/search?q=wa ... ORM=VRDGAR

snarlyjack
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Re: Warren Buffett on buying & holding index funds

Post by snarlyjack » Sat Jul 28, 2018 11:27 am

Imho, this is one of Warren Buffett best short video's...

Watch this video...

https://www.bing.com/videos/search?q=wa ... ORM=VRDGAR

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JoMoney
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Re: Warren Buffett on buying & holding index funds

Post by JoMoney » Sat Jul 28, 2018 11:40 am

Thanks for sharing. It's definitely done well to optimistically save and invest for the future despite whatever current events have gone on.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

Roy25
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Re: Warren Buffett on buying & holding index funds

Post by Roy25 » Wed Aug 01, 2018 3:41 pm

Yep, a good watch and hopeful.

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Rowan Oak
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Re: Warren Buffett on buying & holding index funds

Post by Rowan Oak » Wed Aug 01, 2018 6:25 pm

snarlyjack wrote:
Sat Jul 28, 2018 11:27 am
Imho, this is one of Warren Buffett best short video's...

Watch this video...

https://www.bing.com/videos/search?q=wa ... ORM=VRDGAR
This is great, but the video link you shared cuts off before the part at the end when he gives his best advice. I found a link to the full video. It starts around minute 6:45 to minute 20:05

https://buffett.cnbc.com/video/2018/05/ ... eting.html

And here's the transcript of what he says at the end:
It’s just remarkable to me that we have operated in this country with the greatest tailwind at our back that you can imagine. It’s an investor’s haven — I mean, you can’t really fail at it unless you buy the wrong stock or just get excited at the wrong time.

But if you’d — if you owned a cross-section of America and you put your money in consistently over the years, there’s just — there’s no comparison against owning something that’s going to produce nothing.

And there — frankly — there’s no comparison with trying to jump in and out of stocks and pay investment advisors.

If you’d followed my advice, incidentally — or this retrospective advice — which is always so easy to give — (Laughs)

If you’d follow that, of course you — there’s one problem. Your friendly stock broker would have starved to death.

I mean, you know, and you could have gone to the funeral to atone for their fate. But the truth is, you would have been better off doing this than a very, very, very high percentage of investment professionals have done, or people have done that are active that — it’s very hard to move around successfully and beat, really, what can be done with a very relaxed philosophy.

And you do not have to be — you do not have to know as much about accounting or stock market terminology or whatever else it may be, or what the Fed is going to do next time and whether it’s going to raise three times or four times or two times.

None of that counts at all, really, in a lifetime of investing. What counts is having a philosophy that you’ve — that you stick with, that you understand why you’re in it, and then you forget about doing things that you don’t know how to do.
“If you can get good at destroying your own wrong ideas, that is a great gift.” – Charlie Munger

snarlyjack
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Re: Warren Buffett on buying & holding index funds

Post by snarlyjack » Wed Aug 01, 2018 7:37 pm

Thank You Rowan Oak...

(I looked around but could not find it).


The first 20 minutes of this video is perhaps Warren Buffett
best advice ever...Everyone should watch the first 20 minutes
of this video.

Thanks again Rowan OaK.

sj

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permport
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Re: Warren Buffett on buying & holding index funds

Post by permport » Wed Aug 01, 2018 7:39 pm

My biggest question is not in regards to index funds or Buffett, but rather why the heck you were using Bing.

:P :) :wink:
Buy right and hold tight.

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knpstr
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Re: Warren Buffett on buying & holding index funds

Post by knpstr » Wed Aug 01, 2018 7:40 pm

Buffett and Munger both are investing heroes of mine. I really respect what they say, I believe they are very genuine when giving advice.
Very little is needed to make a happy life; it is all within yourself, in your way of thinking. -Marcus Aurelius

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Rowan Oak
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Re: Warren Buffett on buying & holding index funds

Post by Rowan Oak » Wed Aug 01, 2018 7:51 pm

snarlyjack wrote:
Wed Aug 01, 2018 7:37 pm
Thank You Rowan Oak...

(I looked around but could not find it).


The first 20 minutes of this video is perhaps Warren Buffett
best advice ever...Everyone should watch the first 20 minutes
of this video.

Thanks again Rowan OaK.

sj
snarlyjack:

I hadn't seen this yet so thank you for posting this today. This is great advice and something I plan to rewatch/reread every year or so as a reminder. Seems the best advice is often forgotten when it matters most.
Last edited by Rowan Oak on Wed Aug 01, 2018 7:59 pm, edited 1 time in total.
“If you can get good at destroying your own wrong ideas, that is a great gift.” – Charlie Munger

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Rowan Oak
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Re: Warren Buffett on buying & holding index funds

Post by Rowan Oak » Wed Aug 01, 2018 7:54 pm

knpstr wrote:
Wed Aug 01, 2018 7:40 pm
Buffett and Munger both are investing heroes of mine. I really respect what they say, I believe they are very genuine when giving advice.
Agreed. Much like Jack Bogle.
“If you can get good at destroying your own wrong ideas, that is a great gift.” – Charlie Munger

bondsr4me
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Re: Warren Buffett on buying & holding index funds

Post by bondsr4me » Thu Aug 02, 2018 5:22 am

Thanks for sharing.

I never get tired of listening to Warren speak.

His words of wisdom and common sense are ones for the ages.

Have a great day,

Don

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DartThrower
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Re: Warren Buffett on buying & holding index funds

Post by DartThrower » Thu Aug 02, 2018 1:06 pm

I am considerably better off financially because I listened to Buffett and Bogle, especially in 2008. When the politicians, bankers and the financial news outlets were in a panic, their calming words of wisdom were the true signal among the noise.

There will be tough times ahead to be sure, but I know that if I remember their wise advice I will be ok.
A Boglehead can stay the course longer than the market can stay irrational.

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