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411 | The Simple Path to Wealth | JL Collins

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CHAPTER

Buffett

Berkshire Hathaway's compounded annual gain from 1965 to 2021 is 20.1% versus the S&P 500 at 10.5%. Buffett recommends 90% of cash in short term government bonds, and 10% in a very low cost S&P500 index fund. "I suggest vanguard's" long-term results will be superior to those attained by most investors who employ high fee managers.

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