Monday, May 07, 2007

Buffett: Index funds better for most investors | Reuters

Buffett: Index funds better for most investors | Reuters:
"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."

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