Kevin Kautzmann, CFP® quoted in US News & World Report
Welcome to the Wide World of What Would Warren Do, a.k.a. WWWWWD? On today’s episode, we’ll ask the zillion-dollar question: How does Warren Buffett invest his dough, and how soon can we copy his moves?
But first, a more pertinent query: When is it prudent, if ever, to follow your favorite guru or pundit and duplicate his or her investment strategies?
In Buffett’s case, for example, you may want to dig deeper and crack open Benjamin Graham’s “The Intelligent Investor,” the book Buffett says changed his life. Then you’d get a sense of his overall philosophy, something arguably more valuable. But why think for yourself, you might counter, when you can let someone else do the grunt work for you?