“No, the research shows that over the long run, passive investing massively outperforms active investing. “
Warren would disagree.
Yes, one person that has more inside information than the next 100k people combined about industries and companies, is the rule, not the endless research showing even professionals that make billions of dollars investing end up later significantly underperforming and end up underperforming the market. Berkshire is the exception, not the rule.
"Consistently buy an S&P 500 low-cost index fund," he told CNBC's On The Money. "I think it's the thing that makes the most sense practically all of the time."