Fellow Retirementor Ken Roberts always has a long list of questions for me on his Ken’s Bull and Bears Report. In this interview Ken asks questions about stock performance in a growing economy, how to beat the market, the need for professional advisors, lessons learned from the Trump election, my favorite Bogle quotes and how to be sure an advisor has your best interest in mind. During the interview I surprised myself by noting that Bogle, Buffet and Trump are all losers——as well as myself!
The first half of 2014 was pretty good. This podcast reviews the results and lessons it has taught us about long-term investing. It also compares some funds at Vanguard, DFA, and at Warren Buffet’s Berkshire Hathaway for the 6 months and 15 years ending June 30, 2014.
In a recent TV interview, Warren Buffet spent 3 hours answering a barrage of questions from a group of popular hosts on CNBC. Many of the questions were expected and a few were new and interesting to hear his perspective. I think you will enjoy his perspective to the question, “Is the market rigged?” You can read the entire 3-hour interview in an unofficial transcript.
In the interview, Buffet recommended to the trustees of his estate for the benefit of his wife: “I’ve told the trustee to put 90% of it in an S&P 500 index fund and 10% in short-term governments.” I’m sure lots of investors will think, “what’s good enough for Warren Buffet is good enough for me.” In this podcast I explain why Warren Buffet’s decision regarding his wife is probably not appropriate for your spouse. How can I argue with the Oracle of Omaha? Because history and the evidence is on my side. I hope you agree.