Warren Buffett, one of the most successful investors in history, has shared a lot of valuable advice throughout his career. From 1965 to 2023, $Berkshire Hathaway-A (BRK.A.US)$, under his leadership, achieved a compounded annual growth rate of 19.8%, significantly surpassing the S&P 500's annual return of 10.2% over the same timeframe. His wisdom has helped many people make better investment decisions. Here are 10 of his insightful quotes that sum up his approach to investing:

1. "Rule #1: Never lose money. Rule #2: Never forget Rule #1."

This simple rule highlights the importance of not losing your money. Buffett’s strategy is all about avoiding big losses, as even small losses can hurt future gains. He stresses the need to protect your investments by carefully considering risks before investing.

2. "Risk comes from not knowing what you’re doing."

Buffett points out that not understanding an investment can lead to unnecessary risks. Rushing into decisions without enough knowledge often causes problems. Doing thorough research and understanding the basics of an investment is key to reducing risks.

3. "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Quality is more important than just getting a good deal in Buffett’s view. He suggests investing in great companies with strong fundamentals, even if they’re not cheap. Finding businesses with long-term advantages and growth potential is crucial.

4. "Price is what you pay. Value is what you get."

This quote explains Buffett’s value investing principle. He advises focusing on the actual value of an asset rather than just its market price. Understanding the real value helps in finding opportunities where the market has undervalued a strong asset.

5. "Our favorite holding period is forever."

Buffett’s long-term approach shows the benefits of being patient in investing. He recommends buying into companies with good prospects and holding onto them for a long time, allowing the power of compounding to increase your returns.

6. "The stock market is designed to transfer money from the active to the patient."

Buffett warns against short-term trading and frequent buying and selling. He believes that patient, consistent investing does better than trading often, which can lead to higher costs and emotional decisions.

7. "Be fearful when others are greedy and greedy when others are fearful."

Buffett encourages thinking differently from the crowd. When the market is too optimistic or too pessimistic, it can be a good time to act in the opposite way. Buying when others are selling in fear or selling when others are too excited can lead to good results.

8. "It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong."

This quote highlights the importance of managing risks and rewards. Buffett stresses the need for investments where the potential gains are higher than the potential losses.

9. "Diversification is protection against ignorance. It makes little sense if you know what you are doing."

Buffett believes that too much diversification can weaken the impact of your best investment ideas. Instead, he suggests focusing on a few well-understood and high-quality investments if you know a lot about those businesses.

10. "The best investment you can make is in yourself."

Besides financial investments, Buffett advocates for continuous self-improvement and lifelong learning. Enhancing your skills, knowledge, and abilities is an investment that pays off throughout your life.

Warren Buffett’s quotes on investing reflect his practical, long-term, and value-focused approach. His wisdom continues to guide investors worldwide, helping them navigate the complex world of finance and investing. Whether you are new to investing or have been doing it for years, these insights from the "Oracle of Omaha" are sure to inspire and guide you.