Warren Buffett: Give Your Money to ‘Monkeys Throwing Darts,’ Not Financial Advisers

Warren Buffett: Give Your Money to ‘Monkeys Throwing Darts,’ Not Financial Advisers

2 years ago
Anonymous $dy9SWuvIkX

https://www.vice.com/en_us/article/qjby35/warren-buffett-give-your-money-to-monkeys-throwing-darts-not-financial-advisers

Billionaire Warren Buffett gave his “annual meeting” earlier this week, which has become legendary in personal finance circles for spawning talking points that podcasters will use for years as the basis for their content.

This year, Buffett, who is now 91 years old and worth more than $125 billion, explained that he would rather give his money to “monkeys throwing darts” to pick stocks and investments than financial advisers. Buffett’s point, which he’s been making for many years, is that it’s very difficult to pick winning stocks, and financial advisers take fees from clients that often eat a sizable portion of any investment gains.