We estimate less than 1% of the general population knows what to ask before considering investing in a company. MarketWatch paraphrased Warren Buffett, “Put your money in index funds and move on . . . Seriously, you’ll do better. That's what I plan to do with my own money once I am gone.” In short, buy index funds. Ample evidence proves the vast majority of investors would be considerably better off following this advice. Without unique knowledge, active investing is simply a guessing game.
Like you, I chose to attend medical school with the goal of helping patients who were ill and needed curing, comforting, or both. So perhaps the financial rewards of a career in medicine have made you feel slightly embarrassed and concerned that people might be resentful or jealous. Well, here’s good news: research suggests we physicians aren't so financially successful after all.