Warren Buffett has been critical of financial advisors, so I discussed this with a professional!
Will Vaughan is a financial advisor working in wealth management, so he shed some light on Buffett’s gripe.
Charlie Munger said not everyone should go into wealth management, and Will acknowledges many of the valid points that Buffett and Munger have shared.
Will shares that paying for financial advice is worth it when it is packaged with an overall financial plan in addition to the investment management for people.
Will’s strategy is to take a holistic approach to someone’s financial goals and work through financial questions and situations with clients.
Volatility is often equated with the notion of risk in investing, and we discuss when volatility may or may not be as risky as it is made out to be.
We also discussed Berkshire Hathaway’s market cap and stock portfolio and how it appears that Berkshire is only 80% invested while 20% or around $130 billion is in treasuries or essentially liquid “cash.” Why is Buffett waiting to invest $100 billion since $30 billion is kept as a reserve?
It was really kind of Will to share his professional insights with me, so thank you my friend!
If you’re interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out my free PDF guide.
Add Will on Twitter: Squilliam42 and Instagram: gillymane44
I look forward to making more investor friends! Add me on Instagram: michellemark