Ben Stein on the New York Times
Oct 17th, 2007 by Nut
I like Ben Stein. I read his stuff all the time over on Yahoo Finance.
In this article he talks about the essential advice he would give someone if he were about to die (kind of like my book recommendations, only more drastic). It’s all vintage Stein: index funds, thinking about the long term and not getting caught up in the day-to-day mania of the market, etc.
He also mentions that your average investor (us) should not invest in individual stocks. I too agree with him.
For the most part. I do own one stock and so I was a bit hesitant when I read that. Then I kept reading:
Basically, you and I cannot pick stocks, except for Berkshire Hathaway.
Guess what? That’s the one stock I own (it’s a B share, obviously). He goes on later in the article:
Be aware that there are almost no investment geniuses. The only ones I know of are Warren E. Buffett and John C. Bogle and Jim Rogers. If you want to buy Mr. Buffett’s individual stock, be my guest.
Ahh, atta boy Ben! Buying Berkshire Hathaway isn’t really like buying a stock, it’s like buying a little piece of Warren Buffett.
Who wouldn’t want that?
Open an ING account and get a $25 bonus!
