A combination of traits is required, including an understanding of true risk and market fluctuations. Above all, readers see the “Oracle of Omaha” at work each year, shaping an investing career that may not ever be replicated. In this situation, Buffett argues, the board must act as if there is a single “absentee owner.” The […]
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But some, such as target-date retirement funds and lifecycle funds, provide balanced mixes of securities that change over time. Mutual funds work by pooling investor money to buy portfolios of securities. Think of them like pies, with each slice — or share — giving you the same ratio of ingredients. If you’re investing on your […]
