Warren Buffett is a classic value investor. The Oracle of Omaha has built his enormous wealth by paying a fair price for a great business, then holding that top-quality stock for decades.

He studied under value investing mastermind Benjamin Graham at Columbia University, and often praises his mentor's book, The Intelligent Investor, as "by far the best book on investing ever written."

In that book, Graham recommends sticking to your investing philosophy while ignoring the noise of day-to-day price changes. He also notes that buying stocks with a robust margin of safety is the key to building life-changing wealth.

Continue reading

Source Fool.com