Warren Buffett Has Recommended This 1 Investment for Decades. History Says He's Been Right Every Single Time.
Key takeaways
- However, even he believes that one of the smartest investments someone can make is in an exchange-traded fund (ETF) that tracks the S&P 500 index, like the Vanguard S&P 500 ETF (NYSEMKT: VOO).
- In fact, back in 2007, Buffett offered hedge fund managers a $500,000 bet that the S&P 500 index would outperform hedge funds over the next decade.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
However, even he believes that one of the smartest investments someone can make is in an exchange-traded fund (ETF) that tracks the S&P 500 index, like the Vanguard S&P 500 ETF (NYSEMKT: VOO).
In fact, back in 2007, Buffett offered hedge fund managers a $500,000 bet that the S&P 500 index would outperform hedge funds over the next decade. Only one manager, Ted Seides, a former co-manager of Protégé Partners, took him up on his offer. Buffett invested in a low-cost index fund, while Seides chose a group of hedge funds.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »