【分散投資】【資產配置】【投資組合】【etf投資組合】【美股etf 組合】「平衡投資」為你分散投資、平衡風險，設計投資組合，配置多元資產。

Berkshire Hathaway Letter to Shareholders 2014

Investors, of course, can, by their own behavior, make stock ownership highly risky.

And many do.

Active trading, attempts to “time” market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy.

Indeed, borrowed money has no place in the investor’s tool kit:

Anything can happen anytime in markets.

And no advisor, economist, or TV commentator – and definitely not Charlie nor I – can tell you when chaos will occur.

Market forecasters will fill your ear but will never fill your wallet.

The commission of the investment sins listed above is not limited to “the little guy.”

Huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades.

A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn, recommend high-fee managers.

And that is a fool’s game.

There are a few investment managers, of course, who are very good – though in the short run, it’s difficult to determine whether a great record is due to luck or talent.

Most advisors, however, are far better at generating high fees than they are at generating high returns.

In truth, their core competence is salesmanship.

Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing

我們不是華爾街/銀行/保險/證券/市場人士，

我們遠離收費高和複雜的計劃。

高收費的計劃會每年蠶食你的回報。

巴菲特鼓勵大家閱讀領航集團創辦人約翰. 柏格(Jack Bogle) 的書，柏格建議大家投資低成本的交易所買賣基金 (ETF) / 指數基金。

千萬不要少看1-2％的收費相差，在複利及時間累積的效應下，可以把你的收益大大削減/轉移。