The "Oracle of Omaha" Warren Buffett has repeatedly emphasized at the annual meetings of Berkshire Hathaway:
"I think the best thing for most people is to own an S&P 500 index fund."
"People spend a lot of money buying stock-picking advice, but they don't need it. If you bet on America and hold your position for decades, then your return will be much better than buying Treasury bonds, and much better than those who...