Warren Buffett: More myth than legend - MarketWatch
: " . . . . In those 15 years, an investment of $10,000 would have grown to $21,698 in Berkshire Hathaway stock. The same money would have grown to $24,307 in the three Vanguard value funds or $37,958 in five DFA value funds. Warren Buffett does recommend index funds, but he usually specifies only the Standard & Poor’s 500 Index SPX +0.08% , which compounded at only 4.2% over the past 15 years. I don't know why he doesn’t recommend value index funds. . . ."
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