Part 2/7:
Buffett's previous recommendations often highlighted the advantages of investing in low-cost index funds for nonprofessional investors, advising them against relying on expensive advisors, which he refers to as "helpers." His recent actions have led to questions concerning the merit of holding similar investments, particularly with regard to VOO and other S&P 500 counterparts.
The media buzz around Buffett's sale focused on the dramatic nature of the headlines, with terms like “shockingly” signalling to readers that the significant investor's decision should be alarming. However, a deeper examination of the numbers shows that these index funds constituted a minuscule part of Berkshire Hathaway’s overall portfolio – affecting it by only 0.01% post-sale.