Warren Buffett is one of the greatest investors in American history. His uncanny ability to pick winning stocks helped Berkshire Hathaway build a $318.6 billion portfolio, nearly two-thirds of which is unrealized capital gains. Moreover, Berkshire has become one of the largest companies in the world under his leadership, its value growing twice as fast as the S 500 since he took control in 1965.

Those accomplishments make Buffett an excellent source of investing advice, and one recommendation stands out from the rest: Buffett has often said an S 500 index fund is the most sensible way for most investors to gain exposure to the stock market.

Here's why.

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Source Fool.com