Warren Buffett has long warned of the collection of stocks, but admits that he invests very irregularly “

• Warren Buffett surprise ad On Saturday, he plans to resign later this year, as Berkshire Hathaway’s CEO has renewed his focus on his legacy and influence. Although he has a dedicated follow -up that pores about his stock movements, Buffett has long maintained that average investors should not collect actions and instead only park the money in a S&P 500 index fund.

The legendary investor Warren Buffett has a dedicated follow -up to closely monitored his actions, but he has constantly urged most people to do as he says and not how he does it.

His Surprise announcement Saturday you plan to leave At the end of this year, Berkshire Hathaway’s CEO has been renewed in his legacy and his influence on investors.

For many years, Buffett has preached the parking of your money at a S&P 500 index fund, instead of trying to overcome the market by choosing individual actions. In 2007 he famously made a bet of 1 million dollars May the index exceed a collection of coverage funds over ten years and win.

When it comes to his personal finance, he also put the money where his mouth is. Their Letter 2013 to Berkshire shareholdersHe exposed his simple councils to a trustee in charge of managing his wealth for his wife at his death.

“Put 10% of the staff in short -term government bonds and 90% in a low -cost S&P index fund.

The growing popularity of passive investment in recent years, led by Index Fund, suggests that many North -Americans have taken their advice to their hearts.

However, Buffett’s movements are also closely seen, and Berkshire’s 13-F quarterly files reveal what they buy and sell often move markets, as investors seek possible cluits about what to do with their own money.

The presence of Buffett was shown last month when the stocks crashed. His Sales of Apple Actions last yearWhich added to the large amount of cash in Berkshire, now it seems especially well timed, as the sale of the market triggered the rates of President Donald Trump.

On Saturday morning, before dropping his bomb that Greg Abel wants to take care of himself as CEO by the end of the year, Buffett tacitly acknowledged that his investment activity for his Berkshire contrasts with his advice.

“We have made a lot of money in not wanting to invest at all times and we do not think it is improper to people who are passive investors only to make some simple investments and sit for their lives in them,” he told the shareholders during a question and answers to the annual meeting.

“But we made the decision to be in the business, so we think we can do a little better than this by behaving -very irregularly,” added Buffett.

For now, it maintains its dry power, since it has long been having high asset prices and the lack of offers to achieve. Berkshire reported on Saturday that their available cash Rose to $ 347.7 billion at the end of the first quarter, up to $ 334.2 billion at the end of the fourth quarter.

While Buffett also revealed Berkshire approached the trigger with a $ 10 billion chord He recently continued to indicate patience.

He said he was trying to invest tens of billions of dollars each year “would be the most silly in the world” because “things are extraordinarily attractive from time to time.”

But he expressed his confidence that an investment opportunity would take place in the coming years. “It is very unlikely to happen tomorrow,” said Buffett. “It is not unlikely to go out of five years.”

This story originally presented to Fortune.com