Should You Listen to Warren Buffett?
by George Terlizzi, Investment Adviser, CEO, SouthPark Capital
May 27, 2020
4 minutes
Warren Buffett made news in early May by stating that "passive management" should remain an integral part of an investor's portfolio. For years, Buffett has crafted and stuck to a very specific investing strategy: "Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."
While Buffett has been a longtime proponent of passive investing, why has he doubled down on his support of exchange-traded funds (ETFs) in the wake of COVID-19?
Rule No. 1 Is Harder to Achieve Than You Would Think
I would respectfully posit that Mr. Buffett feels that the way he made his vast fortune (picking individual equities) is not something you can do yourself and that most folks in my industry who help you do such a thing for a
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