9 Pieces of Advice From American Business Magnate Warren Buffett

1. Never lose money

His first and most important rule.

2. Invest in businesses, not stocks

Understand the underlying company, not just the ticker symbol.

3. Be patient

Long-term investment wins over short-term speculation.

4. Fear and greed are your enemies

Make rational decisions, not emotional ones.

5. Don't put all your eggs in one basket

Diversify your portfolio to manage risk.

6. Invest in yourself

Continuous learning and self-improvement are crucial.

7. Surround yourself with good people.

Choose positive, intelligent, and honest companions.

8. Live below your means

Avoid unnecessary expenses and build wealth gradually.

9. Give back

Share your success and make a positive impact on the world.