Tommy Carstensen

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The big question from here, which we’ll explore next, is: Given your interest and capabilities, should you try to pick stocks and follow Buffett’s lead as a stock picker, or should you simply dollar-cost-average your way to prosperity by increasing your share of American business through a low-cost index over a lifetime? Doing nothing else but indexing is a highly attractive option—relative to the little time or effort required, the results, compounded over many years, can actually be remarkably good. For most people, this will be the best choice.
Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor
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