Business
This investment is one of Warren Buffett’s favourite share ideas
Warren Buffett is one of the wisest investors that the world has ever seen. He has some good advice for a lot of people when it comes to investing: go for an S&P 500 fund.
Mr Buffett has said and done a number of things that show he’s a big believer in S&P 500 funds.
He reportedly said to Jack Bogle, founder of Vanguard:
A low-cost index fund is the most sensible equity investment for the great majority of investors. By periodically investing in an index fund, the know-nothing investor can actually out-perform most investment professionals.
My Motley Fool colleague, Keith Speights, also pointed out that over a decade ago Mr Buffett bet $1…
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