Why Buffett shouldn't manage your money
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As much as I respect and admire Warren Buffett, I would not hire him to manage my money — and I don't think you should either.
Buffett is widely considered to be the most successful investor of the 20th century — and still going strong in the 21st. He's a successful businessman, author, philanthropist and inspiration to many people — and one of the wealthiest people on the planet.
More than 50 books have been written by or about Buffett, and he has a great long-term track record. In 1965, he took control of Berkshire Hathaway BRK.A -0.21% , an insurance company in Omaha, which he is now the primary shareholder, chairman and chief executive.
A $10,000 investment in Berkshire Hathaway stock in 1965 would have grown to be worth nearly $30 million 40 years later, in 2005. That's about 60 times as much as you would have made if you'd invested $10,000 in the Standard & Poor's 500 Index and held it for those same 40 years. He makes it sound easy.
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