"Everyone is a genius in a bull market" but Warren Buffett instructed the trustee of his estate to put 90% of the cash he is leaving behind in a "very low-cost S&P 500 index fund" and the rest in short-term government bonds.
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Is there any reason to own an individual stock anymore?
"Don't confuse a bull market with investment prowess. Everyone is a genius in a bull market," Frederick said. "Active managers earn their pay when things get rocky."
