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21 November 2013 Published in News Written by 

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    “The first rule in investment is don’t lose. And the second rule in investment is don’t forget the first rule.”


    Buffett is best known as a value investor – someone who buys companies he believes are undervalued. “If you buy things for far below what they’re worth and you buy a group of them, you basically don’t lose money,” he explained on Adam Smith’s Money World.


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    Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, in 2008.
    Warren Buffett's life in pictures
    42 photos
    Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, on May 3, 2008. Carlos Barria/Reuters
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