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5/1, 8:19 PM (Source: TeleTrader)
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Buffett says safer to invest in index funds

Billionaire investor Warren Buffett said on Saturday it's safer to invest in index funds at Berkshire Hathaway’s closely-watched annual shareholder.

According to the Oracle of Omaha, none of the twenty most valuable companies in the world in 1989 are on the current list of top companies, pointing out the dynamic nature of capitalism as he kicked off the virtual meeting.

"It tells you that capitalism has worked incredibly well, especially for the capitalists. The world can change in very, very dramatic ways," Buffett underlined.

Breaking the News / JC