"Warren Buffett, one of the most successful stock pickers of all time, really wants you to stop picking stocks.
It’s counterintuitive, I know. But that’s what Buffett told the Financial Times in a recent interview."
"Now Buffett says to just own the S&P 500 index through a low-cost index fund and your results will be about the same as his, and maybe slightly better.
“I think it’s the best investment — because most people don’t know how to pick stocks. And — most of the time I don’t know how to pick stocks,” Buffett told CNBC." (Markewatch)
So, folks, please stop citing WBuffet in support of picking stocks...and especially penny stocks such as POTN!
It's just plain ludicrous...