Warren Buffett, known as the “Oracle of Omaha,” is an American businessman and philanthropist, widely considered the most successful investor of the 20th century.
He has amassed a personal fortune of more than $60 billion by defying prevailing investment trends.
Although Warren Buffett uses focus investing and stock picking and does not care about diversification, he has a high opinion of index funds, which is a truly low-cost, low-tax, diversified way of investment.
In this video, Warren Buffett talks about why he admires Jack Bogle, the founder of Vanguard Group and father of index funds.
He believes Jack Bogle has done more for the American investors than anyone else. All passive investors should follow Bogle’s simple but effective investment strategies.
Warning: This video is to show you Buffett’s opinion about Jack Bogle and index funds. Please do your research before doing any investment. A good balance between return and risk is the key to investment success.
Source: Finance Jane (Shared via CC-BY)