Warren Buffett - One of the most successful investor of all times with an estimated net worth of over 80 billion dollars to this date has shared his methods for investing. Having bought his first stock at 11 years of age and having $53,000 dollars to his name at 17, he sure knows a thing or two about this market. And even though he spent a lifetime developing his skills, he's has shared some very straightforward advice about investing that anyone can take advantage of.

Warren Buffett's first rule is to simply think long term over short term. He might be going overboard with this concept and he is truly embracing it around his entire life. He still lives in the same house he bought in 1958 and is also working at the very same desk since 50 years back and doesn't use a computer but traditional pen and paper.

He's been quoted saying he doesn't throw anything away until he's had it for at least 20-25 years. So thinking long term is natural for him and the ability to resist selling has proved to be very successful for him.

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