I've been doing some basic research on investing. OK so Buffet is averaging like 20% APR for his investing career. The top 5 mutual funds are 18%-19% for the last 10 years. The S&P 500 is about 12% for the last 10 years as well as since it became the S&P.
So why all the exotic instruments and vehicles out there then?
It seems you'd want to just buy into an index fund for the S&P, or buy into one of those top mutual funds that is still accepting new customers or buy Berkshire Hathaway stock, or just mirror Buffet's portfolio.
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