Southbourne Group Singapore, Tokyo Japan on the Latest from Warren Buffet on Low-Cost Funds Investing

Warren Buffett recently gave his best investment advice, and criticized the 'elite' for having thrown away $100 billion by snubbing it. Berkshire Hathaway came out with Buffet’s yearly letter to shareholders, covering an assortment of topics, speaking on everything from stock buyouts to his favorite book last year and dishing our expert investment advice. "For many years, people have often sought investment advice from me; and in providing such advice, I’ve learned to comprehend human behavior more and more," Buffett’s letter said. Buffet further said, "My constant advice has been a low-cost S&P 500 index fund. Fortunately for my friends of modest means, they have often heeded my recommendation." In the annual letter, Buffet refers to Jack Bogle, who revolutionized investing through the introduction of the index fund, as a "hero”.