Being an early adopter of strong investment principles takes on a whole new meaning when you look at Warren Buffett’s history. At age 11, he bought his first stock in the stock market and purchased his first lot of real estate at 15. Today, the prophetical investor, CEO of the company Berkshire Hathaway and Oracle of Omaha has an estimated net worth of $153.1 billion.

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So, if he gives you some investment strategies to try, you should probably take notes. Buffett has generously shared his expertise over the years, offering his advice in interviews and letters to Berkshire Hathaway shareholders. Here are his top four intuitive tips Buffett has historically given out for everyday investors who want to choose the right investments.

In his 2022 letter to shareholders, he wrote:

“We own publicly traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. Charlie [Munger] and I are not stock-pickers; we are business-pickers.”

Buffett isn’t the kind of go-go-go investor Hollywood likes to profile. He doesn’t buy low, sell high and buy low again before lunch. Instead, he researches companies’ operations, news and balance sheets, and he invests in those he believes will do well in the long term.

As Buffett’s business partner for nearly 50 years, Munger was instrumental in helping Buffett identify good deals.

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During the 2008 economic recession, Buffett reminded his shareholders of the importance of value. Although the value of his investments had dropped along with the market, he didn’t worry. He even used his purchasing power to buy more of certain stocks.

“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down,” Buffett said.

Of course, Buffett knows that not every low-priced stock is a good value. He quotes his mentor, Ben Graham, who said, “Price is what you pay; value is what you get.”

Finding those valuable purchases requires research and a commitment to finding good companies, not just cheap stocks.

One of Buffett’s hard-and-fast rules is only investing in businesses he understands. He tracks a company over time to see how it’s doing and whether he believes it will continue to grow.