FI Weekly – March 12, 2024: Buffett’s Letter, Advice-Only Advisors, 61 Life Lessons
Warren Buffett’s Latest Shareholder Letter One of my favorite annual activities is running to my computer at 8am ET on the last Saturday in February to download Warren Buffett’s latest Berkshire Hathaway Shareholder Letter. If you’re looking for an incredible amount of financial and life wisdom in a short time, check out this page with links to all the letters going back to 1977. His 2013 advice is worth pointing out each year to those of us pursuing FI: “My advice to the trustee [Brad note: trustee of his estate] could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers.” 2023’s letter was just posted and, as always, it’s a quality read from Mr. Buffett. I’ll be attending the Berkshire annual meeting this May in Omaha, and it’ll be bittersweet to not see Charlie Munger up there on the stage. Advice-Only Financial Advisors Problem: You’re a DIY investor with specific questions about your financial life, but