by Simon Black
Warren Buffet has famously said many times that the vast majority of investors shouldn’t bother picking stocks.
Instead, he’s advised everyone from Lebron James to his own children to simply buy an S&P index fund and hold it ‘for the next 50 years.’
He’s probably right; most people probably should just buy an S&P index fund. But not because it’s a superior investment.
It’s because most people simply aren’t educated about business, finance, and investing.