Thursday, September 14, 2006

Warren Buffet's Advice

Warren Buffet is one of the most successful investors of our time. So, what is his advice to us non-billionaires? In one of his famous annual letters to investors, he wrote:

Most investors, both institutional and invidividual, will find that the best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals.

Who's to argue with Warren? For a look at his other letters to investors from other years, click here.

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