Warren Buffett is one of the most accomplished investors in history. His knack for evaluating businesses and picking stocks has not only made Berkshire Hathaway one of the largest companies in the world, but also helped him amass a personal fortune totaling more than $100 billion.

Those bona fides make Buffett an excellent source of inspiration, and one piece of advice stands out from the plethora of wisdom he has imparted over the years. When asked for investment ideas, Buffett has consistently recommended an S 500 index fund, calling it the most sensible option for most investors.

Here's why.

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Source Fool.com