Warren Buffett is one of the greatest investors in the world, which is why listening to what he has to say can have an important influence on our investing journey, and learning process. However, over the years, Warren has had plenty of interviews, and opportunities to express his ideas about the market, and his ways of investing. Some of what he has to say has been turned into classic one-liners, such as "Rule #1: Don't lose money. Rule #2: Don't forget rule #2." These are thrown around so often that sometimes they can lose meaning. In this episode, we listen to 6 rules of investing from Warren, and then discuss what they practically mean for us as investors, and how we can incorporate them into our thinking and practice. The rules we explore: • Buy below intrinsic value • The importance of temperament • Study the business, not the stock price • Don't give into hype • Only buy what you understand • Don't over-complicate it! Stake now have Warren's company - Berkshire Hathaway - Class A shares available on their platform. They're giving away $1000 to new and existing members, to celebrate. If you want to buy a fraction of the $440,000 stock, and join the exclusive club, then head to https://hellostake.com/ and use the code 'EQUITYMATES' to let Stake know we sent you. Equity Mates Investing Podcast is a part of the Diamantina Media Network - the home of Australia's favourite podcasts. For more information, visit http://diamantina.com.au/ Hosted on Acast. See acast.com/privacy for more information.