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Buffett says to keep working!
Old 07-19-2007, 08:44 AM   #1
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Buffett says to keep working!

Well sort off....

Warren Buffett: Try index funds: Financial News - Yahoo! Finance

Protect a portfolio from inflation. "The best protection against inflation is your own earning power," Buffett says, in response to a question about protecting a portfolio from the erosion of inflation. He says the next best thing is owning a wonderful business, adding that owning Coca-Cola or any name that people will always plunk money down to keep getting and that has low capital investment requirements is the best investment you can have.
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Old 07-19-2007, 09:19 AM   #2
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Buffett said and bankrate.com wrote:In response to a question about why Buffett recommends index funds to investors, he said that for "a know-nothing investor, a low-cost index fund will beat professionally managed money."
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Old 07-19-2007, 10:26 AM   #3
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Originally Posted by kcowan View Post
Buffett said and bankrate.com wrote:In response to a question about why Buffett recommends index funds to investors, he said that for "a know-nothing investor, a low-cost index fund will beat professionally managed money."
Maybe he'll diversify into Vanguard funds..........
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Old 07-19-2007, 10:47 AM   #4
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IMHO, there should always be a * by comments like that:

*if you enjoy your job*

Buffet has been fortunate enough to enjoy what he does and accumulate a substantial net worth -- not a bad scenario.
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Old 07-19-2007, 11:02 AM   #5
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Of course he does. It keeps the humanoids from congesting all the places the retired folks go.
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Old 07-19-2007, 11:13 AM   #6
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IMHO, there should always be a * by comments like that:

*if you enjoy your job*

Buffet has been fortunate enough to enjoy what he does and accumulate a substantial net worth -- not a bad scenario.
Yeah, Wildcat, and if you think you will live long enough to see any inflation and to enjoy the accumulation.
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Old 07-19-2007, 11:16 AM   #7
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Let's see what I have in common with Buffett. Hmmmmmm...........cheese burgers and a nice cold cherry cola.
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Old 07-19-2007, 11:47 AM   #8
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Of course he does. It keeps the humanoids
from congesting all the places the retired folks go.

Slaves aren't allowed to retire.
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Old 07-19-2007, 04:59 PM   #9
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I thought Jimmy never worked and was always in Margaritaville. Oh, that Buffett!
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Old 07-19-2007, 05:56 PM   #10
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Yeah, this one drinks Budweisers and cokes...although, hopefully not at the same time...everybody says to keep working...I smell a conspiracy...
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Old 07-20-2007, 01:09 AM   #11
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Yeah, even my kids sometimes worry that "George Bush will get mad at Daddy for writing books telling everybody to stop working'. Seems even a school-aged kid knows that the govt needs your taxes more than it needs you to be happy and love your life in ER, I guess. Maybe it comes from all their time in schools which are run along much the same lines? (What if everybody decided not to go to school!?).
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