Warren Buffett’s annual letter to Berkshire Hathaway shareholders is out, and it’s full of wisdom from the Oracle of Omaha. In it, Buffett, the 86-year-old CEO of the company, offers his thoughts on American business and, by extension, the US stock market. “America’s economic achievements have led to staggering profits for stockholders,” Buffett writes.
"For decades, Jack has urged investors to invest in ultra-low-cost index funds. In 1974, Bogle founded Vanguard Group, which transformed investing forever with the index fund. The index fund, which passively tracks a market index, allows ordinary people to invest in the stock market at much lower fees than in traditional, actively managed funds.
“Bob’s a slow learner,” my instructor says after I tell him why I’m taking his class. The class, FP103 — Investments — is one of seven I must complete before I sit for the Certified Financial Planner exam. And the reason I told my instructor and fellow students — the reason I’m sitting in room 323B in Boston University’s College of Arts & Sciences building on Thursday evenings from 6 p.m. to 9 p.m. this semester instead of watching the Bruins or reading a biography of Abraham Lincoln or painting my daughter’s bedroom -- is that I plan to finish what I started in 1990. Yes, I plan to get my CFP. In my investment class, I’m one of 16 students, including a 20-something CPA, a 30-something business