Warren Buffett has two rules for investing.
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
The Oracle of Ohama, as the Nebraska native has been dubbed, has done very well for himself — and investors — by sticking to those two mandates.
Buffett is co-founder, chairman, and CEO of Berkshire Hathaway (BRK.A) (BRK.B) , which owns about 65 companies and hundreds of subsidiaries.
And he is currently the seventh richest person on Earth, with a total net worth estimated at $133 billion, according to the Bloomberg Billionaire Index.
The 93-year-old Buffett takes the long view on investing. After all, this is the guy who said, “someone is sitting in the shade today because someone planted a tree a long time ago.”
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