An indexed fund is for someone without the skills that Buffet has. Since he won't be actively trading the portfolio after he dies, it makes perfect sense to invest in an indexed fund.
If he were investing in an indexed fund NOW, that would be a totally different story.
2 posted on 05/03/2014 1:17:25 PM PDT by E. Pluribus Unum
("The more numerous the laws, the more corrupt the government." --Tacitus)