Warren Buffett Said If He Were 30 Starting Over With $1M, He'd Put It All In A Low-Cost Index Fund Then 'Forget It And Go Back To Work'

Core Philosophy - Warren Buffett advocates for simplicity in investing, suggesting that individuals should invest in low-cost index funds and then focus on their primary careers instead of constantly monitoring the markets [1][2] Investment Strategy - Buffett emphasizes that most investors should not attempt to pick individual stocks, as it is unrealistic for the average person to replicate his level of access to management and long-term strategies of businesses [3] - He recommends investing in a low-cost index fund, such as one that tracks the S&P 500, which allows investors to own a diversified slice of the market without the need for guesswork [4] Long-term Approach - The philosophy of letting compound interest work over time is highlighted, with the idea that the real advantage lies in not touching the investment and allowing it to grow [2] - At the 2020 Berkshire Hathaway shareholders meeting, Buffett reiterated that most people are better off investing in a broad cross-section of the market rather than trying to select individual stocks [5]