No.1 Rule

Warren Buffett is known as the richest investor of all time. He was ranked as the world’s wealthiest person in 2008 and is the third wealthiest person in the world as of 2011.

Buffett is called the “Oracle of Omaha” or the “Sage of Omaha” and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.

His well-known rules of investing are:

Rule No.1: Never lose money.
Rule No.2: Never forget rule No.1
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