Tim Ferriss asked Warren Buffett how to invest $1 million. Park it in an index fund, 'forget it and get back to work' was his advice.
"My one and only time interacting with Buffett and Munger, and I was *intensely* nervous," Ferriss said."2008 was also the first year I began seriously angel investing, as I felt I had no advantage in public equities."
"Under the conditions you name, I'd probably have it all in a very low-cost index fund," Buffett replied, adding that he would expect it to outperform bonds in the long term."Then I'd forget it and go back to work." Both of the billionaire investors underlined the rarity of their honest guidance in the finance industry.
"You've got a very perfectly decent return over a 30- or 40-year period by doing what I suggest," he said."Why should you expect more than that when you don't bring anything to the party?"
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