"Warren Buffett said on Sunday most investors are better off putting their money in low-cost index funds, though he believes he can still outperform major market indexes.
'A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money,' Buffett said at a press conference, a day after the annual shareholder meeting for his Berkshire Hathaway Inc."
Monday, May 07, 2007
Buffett: Index funds better for most investors | Reuters
Buffett: Index funds better for most investors | Reuters: