with his track record is either foolish or crazy. Buy the index if you cannot do your own thinking but DO NOT give this guy your hard earned money. All he does is copy the smarter players and or give your money to Warren Buffett to invest for him. Just buy Berkshire Hathaway directly and cut Tilson out of it, or buy an index and accept that the market beats 85% of the participants over a long period of time. I guarantee Tilson will not beat the index over 3 years, as has been proven, 5 years doubtful and over 10 years I'd bet minus fees he doesn't even come close. Last word on it is that he may still get personally wealthy collecting those fees for his underperformance, but he can never believe he was ever really good at stock picking. AVOID!