Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.
Warren BuffettI think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.
Warren BuffettThe stockmarket is a semi-psychotic creature given to extremes of elation and despair.
Warren BuffettAs an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
Warren Buffett