Transcripts Including Tag: brk_meetup

Description: Events :: Berkshire Hathaway Annual Meeting Meetup

These are the transcripts that include the tag brk_meetup.

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003: Let's Talk About Fees Brad Barrett Without a doubt. And just to kind of further this point here is looking at Warren Buffett's annual shareholder letter to Berkshire Hathaway one of the most interesting quotes that I've ever heard that kind of helped corroborate this. If Warren Buffett agrees with this and he's the most brilliant investor of all time essentially. He laid out a retirement plan that he's leaving behind for the trusts for his wife and quote My advice to the trustee could not be more simple put 10 percent of the cash in short term government bonds and 90 percent in a very low cost S&P 500 index fund. I suggest vanguards. That's Warren Buffett saying what he's going to do with the billions of dollars that he's leaving. He's going to put it 90 percent of it in a low cost Vanguard index fund. Now he chooses the S&P 500. I personally choose the total stock mark index fund at the end of the day because it's cap weighted. They marry each other almost identically but in this case you're getting an additional 27 hundred companies but you're getting a tiny tiny little piece of it but the end of the day the advice is the same. Go with the market and go with low fees.
014: The Phases of FI with Mr 1500 Carl "Mr. 1500" Jensen Yeah so you know I would say we got to the Berkshire Hathaway conference every year which is uh. Warren Buffett's holding company and you know I'll never forget this one time. You can ask him questions so this guy who was about he was in his 20s gets up to ask Warren Buffett a question and he said Warren which books what do you recommend what top 10 books are Buffett was like I'd write about this book in this book and this book and then Warren Buffett So you know and he went off on this tangent and I don't remember how exactly this happened but what he ended up saying is I would trade my entire net worth I'd give you my entire net worth right now to be your age and that's just stuck with me. You know if you don't have health you don't have anything. Everything else is useless if you're not healthy.

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