Warren Buffet is going to knock down my door for even asking this question.
Long term investing has been (relatively) easy for the 100 years or so. Buying the S&P 500 and resisting to urge to sell when things feel uncertain was arguably only advice an investor needed to succeed.
Yet today the uncertainties we’ve been told to ignore feel more existential than ever (i.e. climate change, natural resource depletion). A financial crisis or geopolitical conflict used to be the biggest risks that a long term investor had to worry about. Now we have to consider the possibility that our planet won’t be capable of supporting human civilization within the next century.
Is buying and holding the S&P 500 still the gold-standard long term strategy? And if not, what is?