The world’s most famous investor reveals his explicit instructions for the money he’s bequeathing in a trust for his wife:
“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—whether pension funds, institutions or individuals—who employ high-fee managers.”
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Addendum (1/10/2016):
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