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The Wisdom of Warren Buffett — 10 Lessons from Berkshire Hathaway's Annual Letter to Shareholders

"Rule №1: Never lose money. Rule №2: Never forget rule №1."

Warren Buffett, the Chairman and CEO of Berkshire Hathaway, is widely regarded as one of the most successful investors ever.

Over the years, he has amassed a net worth of over $100 billion and has consistently ranked among the wealthiest people in the world.

One of the ways he has shared his wisdom and insights is through his annual letter to shareholders, which he has been writing for over 50 years.

Click here to find all the letters.

Let's face it; Buffet's wisdom is priceless, as is his emphasis on the virtues of patience and humility.

Here are ten key lessons from Buffett's treasured letters to shareholders:

1. Focus on the long-term. Buffett emphasizes investing with a long-term horizon rather than getting distracted by short-term market movements or noise. He has famously said, "Our favorite holding period is forever."
2. Invest in companies with a moat. Buffett looks for companies with a solid…