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Key Points
Warren Buffett, the billionaire CEO of Berkshire Hathaway, has delivered a compounded annual gain of nearly 20% over nearly 60 years, compared to a 10% increase for the S&P 500. His portfolio currently exceeds $257 billion, with key holdings including Coca-Cola, American Express, and Apple.
Buffett recommends investing in a low-cost fund that tracks the S&P 500, specifically the Vanguard S&P 500 ETF (NYSEMKT: VOO), which has an expense ratio of only 0.03%. This ETF can be purchased for just over $600, making it accessible for retail investors looking to emulate his investment strategy.
Buffett asserts that American businesses will continue to perform well over time, advising that a diversified investment like the Vanguard ETF offers instant access to major U.S. companies, reflecting his belief in the long-term growth of the U.S. economy.
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