Bangalore: Investment is an art of not the faint-hearted. There are many wizards in the world of investment but only one truly stands out in the crowd solely based upon his merits. His name is now a popular synonym for the term ‘investment’ and people all over the world use it generously. We are talking about none other than the ‘Wizard of Omaha’ – Warren Buffet.

Buffet is such a revered figure in the world of investment that he is often referred to as a "legendary investor." His sound and in-depth knowledge of finance gives him the edge over other investors. His experience and familiarity with dealing with money has garnered him many accolades, one particularly being ranked among the richest persons in the world.

Buffet’s investment tactics may not agree with all but his basics are very helpful. He is no newbie for Indians and many take his advice very seriously. As many draw investment lessons from his letters to Berkshire Hathaway's shareholders, here are a few to help you with your investments, as given by FoxBusiness –