With Just 3 Words, Warren Buffett Gives a Clear Endorsement of This Vanguard ETF
In a past Berkshire Hathaway shareholder letter, he discusses the one fund he's included in his estate plan.
With Just 3 Words, Warren Buffett Gives a Clear Endorsement of This Vanguard ETF
Overview
In a 2013 Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) shareholder letter, Warren Buffett mentioned where he wanted his wife's inheritance invested after his death: 10% in Treasury bills and 90% in a low-cost S&P 500 fund.
The three words that came next were as close to an explicit endorsement for an ETF as you'll find: "I suggest Vanguard's." That was written into his estate plan, the instructions of a man who has become known as one of the greatest investors of all-time.
He's suggesting that one of the best long-term investments one can make is the Vanguard S&P 500 ETF (NYSEMKT: VOO).
Details
Source
Originally published at www.fool.com.
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