The billionaire investor, who is revered for his stockpicking, has already stated that he has advised his wife to invest in an S&P 500 tracker like Vanguard’s 500 Index fund if she outlives him.
“I believe the trust’s long-term results from this policy will be superior to those attained by most investors—whether pension funds, institutions, or individuals—who employ high-fee managers,” he wrote in his annual letter from three years ago.
Buffett has promised to return to the subject in his next shareholder letter, which comes out on 25 February, Bloomberg reports.
https://www.fundstrategy.co.uk/warren-buffett-unleash-active-managers-next-shareholder-letter/