Buffett's Rules for Success

1. Ascertain the true quality of a company and its top managers.
   
   
2. Stockholders are not managers. They should leave the running of a firm to competent managers with integrity.
   
   
3. Don't invest in businesses you don't understand.
   
   
4. Give help and advice if they want it, but let the managers make their own decisions.
   
   
5. Never, ever break the law.
   
   
6. Owners are owners and managers are managers - but they should work as partners.
   
   
7. Keep your distance from the market. You'll understand the business better!

Warren Buffett has turned value investing into an art form, piling up the world's second largest individual fortune and persuading millions to mimic the low-tech, buy-and-hold style of stock picking he practices at Berkshire Hathaway.

Emulate Warren Buffett - be an ace stockpicker and an empire-builder too. :-)