Warren Buffett Told His Wife’s Trustee Exactly Where to Put Her Money. Stocks Just Fell 4.4%.

Warren Buffett's instruction for his wife's money is 90% in a low-cost S&P 500 index fund and 10% in short-term government bonds. After Thursday's 4.4% drop, here is how that rule holds up for a retired couple with $2 million through three real crashes, and the bond reserve that would have covered all of them.