Unless you possess the skills of Warren Buffett, that’s not true.

But in the book Think, Act and Invest Like Warren Buffett, which is illustrated by Carl Richards, Larry Swedroe says you indeed can invest like Buffett – just not by stock-picking.

Swedroe is a principal and director of research for the $18-billion St. Louis-based financial planning firm Buckingham Asset Management, LLC.

An outspoken and passionate advocate of passive investing, Swedroe quotes an admonition Buffett gave in the 1993 Berkshire Hathaway annual report: “