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#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Lex Fridman Podcast
Long-Term Investment Strategy: just buy an index fund
Being financially secure is crucial for long-term thinking. Warren Buffett exemplifies long-term thinking through consistently sound decisions. Mutual funds, despite their abundance, often fail to justify fees with excessive diversification and short-term focus. In contrast, buying an index fund can be a more beneficial option for everyday investors.
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