Warren Buffett’s holding company, Berkshire Hathaway, has about 45 equity positions, in addition to the 60 or so companies that it owns outright. But not all of its equity positions are single stocks. Berkshire Hathaway owns two exchange-traded funds (ETF), The SPDR S&P 500 ETF Trust (NYSEMKT: SPY) and the Vanguard S&P 500 ETF (NYSEMKT: VOO). Both of these ETFs track the S&P 500.
Each of these ETFs make up a negligible portion of the total Berkshire Hathaway equity portfolio. But Buffett has explained many times why he thinks every investor should own a fund that tracks the S&P 500. Here’s his thinking.
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Buffett has advised most investors to buy funds that track the S&P 500 on many different occasions over the past few years. At the 2020…
