&lt;rant&gt;<p>If you google, &quot;Warren Buffet Investment Advice&quot;, you will get all kinds of crap: syllogisms, general life advice that he&#x27;s said, etc, all out of context.<p>It never ceases to amaze me that when people trot out his investment advice they get very in the weeds with Security Analysis, treating any investments as though you own the company, paying careful attention to what book value means in specific contexts, and on, and on, and on.<p>What fails to come up, very often, is the very specific advice he has laid out time after time for most average people: buy a passive index fund that tracks the S&amp;P 500, Vanguard&#x27;s product is probably the best right now, invest 90% of your retirement in that and the other 10% in a mix of A-class bonds. Personally I think, early in one&#x27;s life, you can skip the allocation advice and go full 100% S&amp;P 500 (especially given how crappy bonds are right now), mixing it up later in life.<p>&lt;&#x2F;rant&gt;