Warren Buffet's Rules

1. Never lose money
2. Never forget rule number 1
3. You should invest like a catholic marries -- for life
4. I don't try to jump over 7 foot bars; I look around for 1 foot bar that I can step over
5. My idea of a group decision is to look in the mirror
6. Invest in a business that even a fool can run
7. The most important thing to do if you find yourself in a hole is to stop digging
8. If at first you do succeed, quit trying
9. I want to be able to explain my mistakes. This means I do only the things I completely understand
10. If they need my help to manage the enterprise, we are probably both in trouble
11. If we can’t find things within our circle of competence, we don’t expand the circle. We wait.

I have created a playlist on his talk with MBA students.

Warren Buffet is the CEO of Berkshire Hathaway.

[Update: Here's another video just in case; from Google Video]