Buffett and Duan Yongping recommend that ordinary people buy the S&P 500 rather than the Nasdaq. The core logic is not about which one rises higher, but about tolerance for errors and commercial attributes.


The S&P 500 represents the fundamental character of American national destiny; it includes industries such as consumer goods, finance, healthcare, and manufacturing.
This means that no matter how the world changes, people will always drink Coke, use credit cards, and see doctors.
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