Why bother when Warren Buffett can do it for you?

All the effort to pick stocks, to follow them closely day after day, to watch breathlessly as they go up (and mostly down), and to weigh strategies can tear one’s insides out – especially at times like this – and often lead to major disappointments. Why bother when Warren Buffett can do it for you, and win all or most of the time. His holding company, Berkshire Hathaway, just posted a 33% surge in net income for the second quarter. And, when the Dow dropped 285 points, Bershire shares lost .00001% of their value.

All the effort to pick stocks, to follow them closely day after day, to watch breathlessly as they go up (and mostly down), and to weigh strategies can tear one’s insides out – especially at times like this – and often lead to major disappointments. Why bother when Warren Buffett can do it for you, and win all or most of the time. His holding company, Berkshire Hathaway, just posted a 33% surge in net income for the second quarter. And, when the Dow dropped 285 points, Bershire shares lost .00001% of their value.

While Berkshire makes it heaviest investment in insurance, it owns big positions in lots of other companies and owns a number operating companies. And, while its share price for BRK.A may be out of range ($110,000 a share), its BRK.B is $3600 a share. Given the incredible track record of the company and the man, it really makes sense to buy the Bs and sit back and let Buffett do all the work for you. Not only will you make big bucks, but you will be able to sleep at night.

Comments

  • Gunther

    August 06, 2007

    It does seem to make sense but Buffet could be wrong at any time. Plus, that would take the fun out of it and that's why most people invest. If not, everyone would have their money Buffet or in index ETFs.

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