Money Wisdom And Life Lessons From Billionaire Investors

How do you build enough wealth to reach the ranks of the Forbes 400 Richest Americans? Eight of the greatest investors of all time share strategies and life lessons that have guided them.

For more than 105 years Forbes has been reporting on the world’s smartest business minds and greatest investors. In 1969, Forbes Magazine first profiled Warren Buffett at a time when his Omaha-based Buffett Partnership was only 12 years old, but already had a value of $100 million and a 31% compounded annual return. In the article, Buffett described the stock market as like having a “manic-depressive partner,” insisting that investors not buy or sell stocks on its terms, but rather invest only when the prices were agreeable to them, based on fundamental research.

So far in 2023, Mr. Manic-Depressive Market, as measured by the S&P 500 has gained nearly 16%, after a dismal 2022 in which it fell 19%. The technology heavy Nasdaq Composite is up 31.7% in the first half of 2023, fueled largely by the excitement over artificial intelligence and companies pioneering the disruptive tech like Nvidia, Microsoft and Alphabet. The Nasdaq Composite is having its best first half since 1983. Last year it fell 33%.