| Charlie Munger, Vice President of Berkshire Hathaway, explains why most investors aren’t able to outperform the market. Munger claims that on average, people should invest in passively managed index funds and avoid stock picking. According to DAAL research, only 4% of funds outperform the index every year and these 4% are constantly changing. TAGs: buffett vs index,berkshire vs index,berkshire hathaway vs s&p 500,investing,index funds,index fund,ETFs,index funds vs mutual funds,index funds for beginners,investing in index funds,vanguard index funds,vanguard index funds for beginners,etf,ETF investing |
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Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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