A very enriching interview on Warren Buffett.
What advice would you give to someone who is not a professional investor? Where should they put their money?
"Well, if they're not going to be an active investor - and very few should try to do that - then they should just stay with index funds. Any low-cost index fund. And they should buy it over time ..."
What should we say to investors now?
"You know, I always say you should get greedy when others are fearful and fearful when others are greedy. But that's too much to expect. Of course, you shouldn't get greedy when others get greedy and fearful when others get fearful."
http://money.cnn.com/2008/04/11/news/newsmakers/varchaver_buffett.fortune/index.htm
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