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. 

10. 'We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.'

Rick Wilking/Reuters/File
Buffett (top L) gestures to runners at the start of a 5-kilometer race sponsored by Brooks Sports Inc., a Berkshire-owned company, in Omaha May 5, 2013, a day after the company's annual meeting.

Source: 1998 Berkshire Hathaway annual meeting

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