Recommended Read: How Warren Buffett Is Beating the Hedge Funders

June 8, 2016 by Parkside Advisors

No one can argue with Warren Buffett’s investment prowess. He’s known as the most successful investor in the world, a businessman and philanthropist who is currently the third wealthiest person on the planet.

Many people think of Buffett as an active investor who succeeds by picking the best stocks, but I disagree. What Buffett does is actively influence the success of the companies he supports through board seats and management influence. He limits his investments in companies to those industries he understands.

Buffett’s success results from his business skills, not his ability to pick stocks. He endorses passive investing, and here at Parkside Advisors, so do we. In fact, Buffett’s endorsement of passive investing was the basis of a $1 million bet with some (active) hedge fund managers. Whom he’s killing, by the way.

I encourage you to listen to the NPR podcast about Buffett, or read the transcript below the “play” button.

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