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Warren Buffet said, "paying up rarely pays off" ---but he paid up for Heinz?

Mutual Funds, Hedge Funds and ETFs

Warren Buffet said, "paying up rarely pays off" ---but he paid up for Heinz?

Postby amadi » Sun Apr 21, 2013 6:40 pm

There are many "rules" that each of us obey and on a rare occasion we break the rule. If we run through a red light to get to the hospital with severe chest pain... we broke a rule, but the circumstances dictated that a logical person, normally "law abiding", needed to break it.

Warren Buffet felt for what ever reason, that the rule would be wise to "break".

I know (for example) that ETF's & Index Mutual Funds are extremely cheap... I also know that that managed Mutual Funds can be expensive and usually don't beat the averages. However, in certain areas I have managed Mutual Funds.... I know the managers, I know the fund company and I'm knowledgeable enough to place my money correctly. In areas like small cap and international I've manged to beat the index's almost every year, for decades. I broke the rule... because I have an "edge".... knowledge.
amadi
 
Posts: 143
Joined: Tue Jun 26, 2012 3:27 am

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