Warren Buffett is a genius no doubt. Many assume you will always do better than the stock market if you invest with him. However, if you invested $10,000 five years ago, you would have $2,800 less today with Buffett than if you just put your money in an unmanaged S&P 500 index fund. No stock manager has a crystal ball, and after taking out fees, even Warren Buffett can have a hard time beating the market average.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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