Reported 2 days ago
Warren Buffett, known for his investment acumen, has refrained from purchasing the Vanguard S&P 500 ETF, which he has indicated as his favorite due to its high valuation. While he emphasizes the importance of long-term investments in index funds for most investors, the current market conditions, highlighted by the Buffett indicator showing a concerning market capitalization to GDP ratio, have discouraged him from buying. Despite this, he suggests a cautious approach to investing in such ETFs for the long term, maintaining that careful accumulation over time could yield satisfactory results.
Source: YAHOO