Warren Buffett reveals the investment advice he gave to LeBron James. 🏀🔥
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charlie.munger.wisdom

2024-04-18 01:04:08

thanks somebody like lebron and we've talked about it but i think
you and lebron have talked about it
occasionally yeah
i think actually through the rest of his career and beyond in terms of earning power then
of just making monthly investments in in the low cost
index fund makes a lot of sense
i think that somebody's position ought to have significant cash reserve
at whatever makes them comfortable
and then beyond that
owning a piece of america
diversified piece bought over time
held for thirty or forty years it's it's bound to do well and the income evolve over the years and and and there's really nothing to worry about so it's the same advice i give ninety nine percent of people
buy an index fund
and doing it over time and starting early starting young in life
and
nobody's ever followed that and gotten other than a decent result nobody