The caller is actually right ā and this isnāt even controversial if you look at long-term data.
1. Saying 'Buffett doesnāt practice what he preaches' completely misses the point. Buffett knows he is an outlier with access to deals, information and scale that normal investors donāt have. The entire point of his message is: donāt try to play my game if you donāt live my life.
2. SPIVA data shows that less than ~8ā10% of active funds beat the index over 20 years ā and most of those that āwinā barely outperform. So the expected benefit of trying to guess which fund will be that 1-in-10 is basically zero. The expected downside of picking wrong (90% probability) is very real.
3. People underestimate opportunity cost. Every hour spent trying to āfind the winning fundā could be spent earning more money and putting that into a low-cost index ā which compounds far more reliably than a 10% gamble.
Buffettās advice isnāt hypocrisy. Itās realism: You should play the game you can win, not the game he can win.
Warren buffet isnāt doing shit with his money now! Heās sitting on a pile of cash because from December of 2025 to July of 2026 we are SCREWED!!! We live in a triple bubble now, invest in anything other than the market
Most people are idiots who might throw away all your money. With indexes that wont happen. Also most of warren buffets money comes from berkshire hathaway, and what they do is invest in many different companies, so in a way itās like an index fund.
Heās just old like not believing taking out debt is smart it 100 percent depends on the situation bc if you can take out debt to save 50% on gas bill and you work for amazon flex then you should 100% do it
No, the caller is correct Most actively managed funds underperform the indexes Buffett was a unique and brilliant investor who actively managed and succeeded with Berkshire. Which is why he suggeted investing in the sp500 for the average joe.
The main point is to just do something. I have $200k in a etf. I also have $25k in individual stocks. The stock account is twice the return, but risky because I don't actively manage it.
This guy definitely followed some advice that Dave gave another caller and lost a bunch of money. Heās pissed because he made a decision based on something tailored to another personās needs and it didnāt work out
NERD
I mean my question now is, why does Warren Buffet decide stock market decisions for yourself? Maybe it really is a rigged game
The guy is right in someways but the way he approached it is terrible
W speed
W speed man
The caller is actually right ā and this isnāt even controversial if you look at long-term data.
1. Saying 'Buffett doesnāt practice what he preaches' completely misses the point.
Buffett knows he is an outlier with access to deals, information and scale that normal investors donāt have.
The entire point of his message is: donāt try to play my game if you donāt live my life.
2. SPIVA data shows that less than ~8ā10% of active funds beat the index over 20 years ā and most of those that āwinā barely outperform.
So the expected benefit of trying to guess which fund will be that 1-in-10 is basically zero.
The expected downside of picking wrong (90% probability) is very real.
3. People underestimate opportunity cost.
Every hour spent trying to āfind the winning fundā could be spent earning more money and putting that into a low-cost index ā which compounds far more reliably than a 10% gamble.
Buffettās advice isnāt hypocrisy. Itās realism:
You should play the game you can win, not the game he can win.
Or you could use Dimensional Funds and get the best of both worlds
Dave asks the age right away because he knows that he is wrong and is looking for anything he can use to discredit the caller
This is the thing I hate about finance advice, everyoneās right and everyone is wrong
Warren buffet isnāt doing shit with his money now! Heās sitting on a pile of cash because from December of 2025 to July of 2026 we are SCREWED!!! We live in a triple bubble now, invest in anything other than the market
The way he said āof courseā for some reason reminded me of Sheldon š and honestly the way he talked in general
Most people are idiots who might throw away all your money. With indexes that wont happen. Also most of warren buffets money comes from berkshire hathaway, and what they do is invest in many different companies, so in a way itās like an index fund.
Caller is correct. Dave is a moron
Dude is definitely smarter than warren buffet. That guy is so old he was 15 when WW2 ended.
are bots making these videos? random music to random videos
Index funds is a long term rich plan. Not a few years a few decades at least
Bro I canāt stand Dave Ramsey lowkey. I feel like he never truly listens to anyoneās real situation
*W tractor guy*ā¤ļøāš©¹ā¤ļøāš©¹š¢š¢
Index funds are objectively better. Not sure what the point is of Dave still encouraging mutual fundsš
Spitting facts, get that man a contract
The manners of Dave Ramsey…..
Bro got the patience of a saint…..
guys being an ass but he's kinda right
Heās just old like not believing taking out debt is smart it 100 percent depends on the situation bc if you can take out debt to save 50% on gas bill and you work for amazon flex then you should 100% do it
Dave Ramseys knowledge is outdated.
W speed š¢ā¤
w speed
Iām kinda curious, why is that guy plowing the crops under instead of harvesting them?
No, the caller is correct
Most actively managed funds underperform the indexes
Buffett was a unique and brilliant investor who actively managed and succeeded with Berkshire. Which is why he suggeted investing in the sp500 for the average joe.
The main point is to just do something. I have $200k in a etf. I also have $25k in individual stocks. The stock account is twice the return, but risky because I don't actively manage it.
Tractor is not on his A game
Bad harvest this year boys ššš§āš¾š«š§āš¾šš¾šš¾šš¢šš āāļø
Soy boy on the phone sounds upset
Great video
W speed ahh song
Average Dave hater would get embarrassed real quick talking to Dave
That's uneducated. Warren Buffet has his money in Berkshire stock, not a mutual fund.
W Ramsey ā¤ļøāš©¹
Dave handled that like a true christian
Why didn't they make dave all sparkly in an edit at the end.
W warren buffet
This guy definitely followed some advice that Dave gave another caller and lost a bunch of money. Heās pissed because he made a decision based on something tailored to another personās needs and it didnāt work out
Why people hating on tractor guy? He didn't miss anything and didn't have to reverse at all š¤·āāļø that's a solid 7.5
4/10 today