May 12, 2020 - Type "most successful investor" into your Google search engine and see what pops up.
Go ahead. I'll wait.
If you only know a single name associated with investing success, you probably won't be surprised to see whose picture you see. Scroll around further for any ranking on this topic and all roads will lead you to the same place:
The "Oracle of Omaha" is almost as famous for his home spun, down-to-Earth philosophy on life and his personal frugality as he is his success as an investor of extraordinary skill.
With a net worth of approximately $64.3 billion, it's probably safe to assume Buffett knows a thing or two about money.
So, when a man famous for never making recommendations comes out in support of something like structured settlements, it's worth paying attention to.
“Anyone settling a personal injury claim should seriously consider
a structured settlement as part of their plan for financial recovery.
Structured settlements can stretch settlement funds by
providing tax-free payments for lost income, medical bills or
other future needs, which delivers tremendous long-term
security for injured people and their families.
Berkshire Hathaway is proud to be a leading provider
of structured settlement annuities.”
Warren E. Buffett
Because many who settle personal injury claims receive funds they simply cannot afford to lose, structured settlements are a natural first choice to ensure stability.
Structured settlements provide guaranteed returns.
The stock market cannot do that.
While Buffett might be able to weather a market downturn, most of us with significantly less than $64.3 billion sitting around should always make NOT losing money a priority.
And structured settlements, in any economy, simply cannot be matched in terms of safety, security and risk-adjusted value.
Buffett's implied belief that structured settlements represent good value cannot be understated given his reputation for value investing.