Replies to post #1519 on Texas Pacific Land Corporation (TPL)

[Enterprising Investor]

No gambling addict here.  

I do play low-volatility slot machines for fun. My goal is converting free play into cash and earning free nights. Sometimes, you also get lucky. Most people simply give it back by looking to repeat.

I always hated when people said that investing is gambling. I think we would all agree that few people have the skill to make investment decisions on their own. My best friend and wife has only placed one trade in her life. It actually happened a couple of weeks ago.

I think Buffett has always wanted to help the average person when it comes to investing. Using a low-cost index fund is cheaper than paying a broker an asset management fee.

Regarding education, I believe I would rate above average. I have earned a BBA with a concentration in finance from Southern Methodist University (1985), a MBA in Corporate Finance from the University of Dallas (1995)  and a MS in Real Estate from University of Texas at Arlington (2023).

[fung_derf]

I don't know the difference between VOO and all the other S&P Index funds.
The only index I really like is RSP. It equal weights the index and doesn't just sell you another tech fund in drag.

Buffet has a HUGE advantage over mutual funds and individuals. He doesn't fall under the same reporting standards of a mutual fund and he's big enough that companies come to him with information before the street gets it. I didn't say he recommends individual stocks, I said he buys them over indexes. If an index ETF was the all in end all way to invest, it's where all his money would be. I don't like the idea that Buffet can dump all his MSFT if he wants to, but in an index fund I'm left holding his bag. SURE he wants YOU in an index.