← BackTranscript

Why Buffett doesn't recommend buying Berkshire stock

Buffett & Munger2021-05-03video2:05Open original ↗

1 chunks · 1,428 chars · 1 speaker-tagged segments

SpeakersWarren1
[0:00]
WarrenYeah, I recommend the S&P 500 index fund for a long, long time to people. And I've never recommended Berkshire to anybody because I don't want people to buy it because they think I'm tipping them into some time. Never, I mean, no matter what I was selling for it. And, you know, I've made it public. Like, you know, on my death, there's a fund for my then widow, and 90% will go into an S&P 500 index fund and 10% of the Treasury Bullshead. On the other hand, I'm very happy having my future contributions to a group of charities that will be spread over 12 years or so after my death to stay in Berkshire. I think the odds are, Berkshire is, yeah, I like. it, but I do not think the average person can pick stocks. We happen to have a large group of people that didn't pick stocks, but they picked Charlie and me to manage money for them 50 or 60 years ago. And so we have a very unusual group of shareholders, I think, who look at Berkshire as a lifetime savings vehicle. And one, they don't have to think about. out and one that they'll look, you know, if they don't look at it again for 10 or 20 years, that will have taken care of the money reasonably well. But that, I wouldn't argue that S&P 500 over time, I would, I like Berkshire, but I think that the person who doesn't know anything about stocks at all and doesn't have any special feelings about Berkshire, I think they ought to know. That'll buy the S&P 500 index.