Tuesday, November 29, 2005

Index funds

“In response to a question about which index funds he's recommend, Buffett replied, "Just pick a broad index like the S&P 500. Don't put your money in all at once; do it over a period of time. I recommend John Bogle's books -- any investor in funds should read them. They have all you need to know." by Warren Buffett (2002 Annual Meeting)

"One could imagine a period like Japan 13 years ago, however, in which indexing over time wouldn't work." by Charlie Munger (2002 Annual Meeting)

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