Berkshire Hathaway vs. Vanguard S&P 500 ETF: Which Should You Choose?

As one of the most respected stock-pickers of all time, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B)CEO Warren Buffett's favorite investment for most Americans may come as a surprise. Instead of suggesting individual stocks, or even Berkshire Hathaway itself, Buffett feels that most Americans will do well by accumulating a position in a low-cost index fund over time.