Warren Buffett said retail investors can beat the market with small caps and that beginners should just buy index trackers. The speaker warns against 2x leverage in pension accounts but uses it in his own portfolio, exiting when the monthly MACD signals a downturn.
Stewart, in the mid-1990s, Buffett said that retail can beat the market because they own little cash and seek small caps where big funds can't buy into. Yeah, that was in the mid-1990s. I think small caps were good. He also said, if you don't know what you're doing, just buy index trackers. Personally, I shouldn't say this, but personally, 2x leverage, better. But don't do leverage because it's irresponsible for me to ever suggest leverage on an ETF on a pension. But yeah, He's right. What he said, basically you've got more choice than funds now because you've got all, you've got more of them. What he's basically saying is you're not picking from a narrow gene pool of just large companies. And in 19, in the 1990s, absolutely. Still the case. Could I put this on there? Yeah, Chas. No, absolutely. We have a lot of people who do exactly that, Chas. So you can from your limited company. So it's not a problem. We send a contract and a VAT invoice and all the rest of it to you as well. Sean, I'm planning for a daddy bear. Buy 2x average S&P, but also do a very good plan. No, Sean, sorry. That's not something I should answer that quickly. I need to think that through and I wouldn't be— you're trading basically is what you're saying. And you're going to get whipsawed. What I would personally do with my 2x average S&P is when there's a mummy bear, i.e., the monthly MACD is falling, I will start— and I'm just going to put it up for you guys. I would start taking some money off the table. Okay.
