When Warren Buffett speaks, the whole investment world perks up their ears and listens. If you happened to miss his weekend Berkshire Hathaway Annual Meeting (for example, if your invitation got lost in the mail), you missed some gems. Here are 5 things you shouldn’t know.
1. Plumbers and Dentists are better than Hedge Fund Managers.
In your daily life, what gives you a better return on investment? Your hedge fund manager who makes money no matter what, or your dentist who fixes that rotten tooth or the plumber that gives you the blessing of working indoor plumbing? Buffett said,
“If you go to a dentist, if you hire a plumber, in all the professions, there is value added by the professionals as a group compared to doing it yourself or just randomly picking laymen. In the investment world it isn’t true. The active group, the people that are professionals in aggregate, are not, cannot, do better than the aggregate of the people who just sit tight.”
To keep reading, click here: 5 Things You Must Know From Warren Buffett’s Latest Berkshire Hathaway Annual Meeting