In keeping with our objective of concise posts, we hereby summarize Berkshire Hathaway Annual Meeting 2021. For details, for the Yahoo Finance report.
- Investing in America has the best prospects of any.
- Buffett stated: “On my death there’s a fund for my then-widow and 90% will go into an S&P 500 index fund.” In other words, investing in an exchange-traded fund which tracks the S&P 500 is ideal. Picking stocks is futile for most investors.
- Investing in bitcoin and other cryptocurrencies will end badly for investors.
- SPACs are similar to a ‘gambling-type market’.
At 90 and 97 respectively, Buffett and Munger are the epitome of the erudition, integrity and understanding of history. At least intellectually, we should all strive to die as the young as possible as late as possible.
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