Warren Buffett’s best investing idea is by far the simplest to understand

There are hundreds of great books on investing and untold websites and blogs. Many are worthwhile reads, many are not, and many are risky schemes, at best.

Yet everything worthwhile you could hope to learn about investing was captured recently by Tom Heath of The Washington Post in a single newspaper column.

In the column, Heath laid out the simple facts about long-term investing, as explained by Warren Buffett in his latest letter to shareholders.

In the letter, Buffett makes a compelling case for what he calls “the American tailwind,” the simple idea that investors are not really buying companies when they invest, but an idea: that American prosperity — and the growth of its wealth — is driven by our dedication to the American idea.

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