Thread: Money ****OFFICIAL STOCK CHALLENGE & DISCUSSION THREAD****
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Old 04-22-2022, 06:39 AM   #256
Hog's Gone Fishin Hog's Gone Fishin is offline
Fish are scared of me
 
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Join Date: Nov 2001
Casino cash: $1330477
Quote:
Originally Posted by EPodolak View Post
For most of the rest of us Buffett has maintained that not trying to beat the market is what pays off long-term.

"In a 2017 CNBC "On the Money" interview, Buffett suggested that investors "consistently buy an S&P 500 low-cost index fund... I think it's the thing that makes the most sense practically all of the time." At his annual meeting in 2020, he said, "In my view, for most people, the best thing to do is to own the S&P 500 index fund."
This little game we're playing here is proof Buffett isn't wrong. And we could be shuffling stocks in and out of this portfolio and the results would be the same if not worse.
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