While this might ruffle the feathers of ESG activists, those responsible for the day-to-day work of picking stocks have the real-world experience to fully understand where Buffett is coming from.
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A good fiduciary must keep a level head and know when emotions drive investors. After all, if they’re not careful, emotion will drive investors right off the cliff.
Some practical advice to 401k investors that relies on real world results rather than just on academic studies.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 9/2/16
Shotgun compliance, fiduciary naivete, and free markets trump high fees.