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Will Warren Buffett’s investment advice work for you?


Will Warren Buffett’s investment advice work for you?

By Lauren Young New York (Reuters) - In his most recent Berkshire Hathaway shareholder letter, the ever-folksy Warren Buffett sounds more like a personal finance guru than a financial mastermind, focusing on buy-and-hold investing and advocating indexing strategies. Buffett's net worth is about $60 billion, according to Forbes magazine, so he is obviously doing something right. Buffett is a longtime fan of Jack Bogle, founder of the Vanguard Group, who champions passive, low-cost investing. Says Buffett: "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." Face value, that's a solid recommendation, although it might seem a bit odd, considering that Berkshire Hathaway has underperformed the S&P 500 in the past five years, and is trailing it slightly in 2014.


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