Annuities: Hate Them or Love Them, But Understand the Facts First

What is an annuity?   The greatest reason annuities are misunderstood by the public is the media’s perpetual distribution of inaccurate information. Misinformation about fees, commissions and surrender charges is rampant, even in respected publications. – Life insurance guards against the risk of dying too soon, while annuities guard against the risk of living too long. – An annuity … Read More

Warren Buffett’s Single-Best Piece Of Advice

When it comes to investing, you can’t do much better than Warren Buffett. He’s the financial equivalent of the New York Yankees and the Chicago Cubs (at least the 2016 version). Although most of us will never come close to Buffett’s record on stockpicking — nor should we try — we can pick up on nuggets often buried … Read More

Warren Buffett rails against fee-hungry Wall Street managers

Who really profits on Wall Street? Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc (BRKa.N) shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds. “When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers … Read More

Warren Buffett is embarrassing the hedge fund business with his historic wager

Warren Buffet makes historic wager against the hedge fund industry Legendary investor Warren Buffett is crushing the hedge fund industry in his historic wager against their profession and their massive fees. Buffett has been a critic of the hedge fund industry. Hedge funds are known to charge investors fees known as “2-and-20”, meaning 2% of … Read More

The Seven Best Quotes From Warren Buffett’s Annual Shareholder Letter

Highlights from the 2016 Annual Shareholder Letter It was a good year for Warren Buffett, the ‘Oracle of Omaha,’ who saw Berkshire Hathaway’s BRK.B +% shareholder stock rise 23.4% in 2016 and the firm’s book value per share grow by 10.7%. In characteristic form Buffett, worth $76.3 billion according to FORBES’ Real Time Rankings, used his annual shareholder … Read More