Warren Buffett: 10 pieces of investment advice from America's greatest investor

Warren Buffett, the greatest investor of the past century, celebrates his birthday Aug. 30. Here is some of his best investment advice. 

9. 'We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie [Munger] and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.'

Nati Harnik/AP/File
Munger, left, and Buffett share a laugh during an interview with Liz Claman of the Fox Business Network, in Omaha in May.

Source: 1992 letter to shareholders

Charlie Munger is Buffett's longtime business partner and the vice chairman of Berkshire Hathaway, He's a fellow Omaha, Neb. native who also serves as the director of wholesaler Costco. The two have their differences: Mr. Munger is a known Republican, while Buffett has become known in recent years for supporting Democrats and democratic ideas. 

9 of 10

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

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