Bangalore: Warren Buffet or ‘The Sage of Omaha’ is one of the richest men in the world. He is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett's speeches are known for mixing business discussions with humor.

Each year, Buffett presides over Berkshire Hathaway's annual shareholder meeting in the Qwest Center in Omaha. Berkshire's annual reports and letters to shareholders, prepared by Buffett, frequently receive coverage by the financial media.

His words reflect his attitude and mind-set towards money which made him eminent in the world. Here are few brilliant and inspirational investment insights from the legendary Buffet which will make you reorganize your mind-set towards the way you handle your money.

“Rule No. 1: Never lose money. Rule No. 2: Don't forget rule No. 1”

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”

“Never invest in a business you cannot understand.”