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let me add a few thoughts about your own Investments most investors both institutional and individual will find that the best way to own Common Stocks is through an index fund that charges minimal fees those following this path are sure to beat the net results after fees and expenses delivered by the great majority of investment professionals this is the part of Warren Buffettamp;#39;s 1996 letter to shareholders that the man at the beginning of this video is referencing when he questions Buffett good morning my name is Ted fredman Iamp;#39;m from Cincinnati Ohio you said in the 1996 annual report that most investors will find that the best way to own Common Stocks is in an index fund that charges minimal fees two questions first there are a lot of different index fund that hold different baskets of stocks what criteria would you use or recommend to select an appropriate Index Fund second the price to earnings ratio of the Samp;amp;P 500 is docHubly higher than its historical a