
‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett
Hindustan TimesBillionaire investor Warren Buffett preaches that the best option for most people is to invest in a low-fee S&P 500 index fund and hold it long-term, but Chamath Palihapitiya, a Sri Lankan-born Canadian venture capitalist, disagrees. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan Palihapitiya, who is also a cohost of the "All-In" podcast, wrote in a post on X that a handful of tech stocks have become so valuable that owning the S&P 500 index, which is based on market capitalisation is more of a concentrated bet on those risky businesses rather than a bet on the market as a whole. These include Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, Tesla, Broadcom, Berkshire Hathaway, and Walmart, all collectively worth around $21 trillion, a little less than half of the index's $50 trillion market cap. Warren Buffett is currently the 10th richest person in the world with a net worth of $142 billion, according to the Bloomberg Billionaires Index which also showed that his wealth has climbed $22.2 billion year-to-date.
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