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warren buffett and charles munger advice for small investors?
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warren buffett: 'investing advice for you--and my wife' (and other quotes of the week): what i advise here is essentially identical to certain instructions   i’ve laid out in my will. one bequest provides that cash will be   delivered to a trustee for my wife’s benefit…my advice to the trustee   could not be more simple: put 10% of the cash in short-term government   bonds and 90% in a very low-cost s&p 500 index fund. (i suggest   vanguard’s.) i believe the trust’s long-term results from this policy   will be superior to those attained by most investors… similarly from will warren buffett's investment advice work for you?: specifically, buffett wants the trustee of his estate to put 10   percent of his wife's cash inheritance in short-term government bonds   and 90 percent in a low-cost s&p index fund - and he tips his hat   specifically to bogle's vanguard in doing so. 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."
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