Warren Buffett: 10 pieces of investment advice from America's greatest investor

Warren Buffett, the greatest investor of the past century, celebrates his birthday Aug. 30. Here is some of his best investment advice. 

9. 'We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie [Munger] and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.'

Nati Harnik/AP/File
Munger, left, and Buffett share a laugh during an interview with Liz Claman of the Fox Business Network, in Omaha in May.

Source: 1992 letter to shareholders

Charlie Munger is Buffett's longtime business partner and the vice chairman of Berkshire Hathaway, He's a fellow Omaha, Neb. native who also serves as the director of wholesaler Costco. The two have their differences: Mr. Munger is a known Republican, while Buffett has become known in recent years for supporting Democrats and democratic ideas. 

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