Warren Buffett’s incredible success in investing is highlighted by Berkshire Hathaway’s total return of 4,384,748% since 1964. His key to evaluating companies is focusing on what you can understand, not trying to evaluate everything. Buffett’s investment philosophy emphasizes staying within your “circle of competence.”

Buffett’s investment strategy is exemplified by his focus on companies like Wrigley and Coca-Cola. His $6.5 billion investment in Wrigley paid off handsomely, and his long-term conviction in Coca-Cola has led to a stake now valued at $26 billion. Buffett’s approach emphasizes simplicity and understanding enduring demand.

Buffett’s advice to investors is to consider investing in an S&P 500 index fund, providing exposure to 500 of America’s largest companies with diversified exposure. This straightforward strategy is accessible to anyone and can be implemented through platforms like Robinhood, offering 24/7 support and commission-free trading options.

Read more at Yahoo Finance: Bill Gates once tried to convince Warren Buffett to own a PC. Here’s his reaction and what you can learn