Warren Buffett is one of the most successful investors of all time. Here are his top 25 lessons on investing:

1) The investor of today does not profit from yesterday’s growth

2) If a business does well, the stock price will follow

3) Risk comes from not knowing what you're doing

4) Much success can be attributed to inactivity, most investors cannot resist the temptation to constantly buy and sell

5) The value of a business is the cash it's going to produce in the future

6) Wide diversification is only required when investors do not understand what they are doing

7) Diversification may preserve wealth, but concentration builds wealth

8) The three most important words in investing are 'margin of safety'

9) The true investor welcomes volatility, a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses

10) The Stock Market is designed to transfer money from the impatient to the patient

10) If you cannot control your emotions, you cannot control your money

12) Your best investment is yourself, the more you learn, the more you'll earn

13) I think the worst mistake you can make in stocks is to buy or sell based on current headlines

14) Never invest in a business you cannot understand

15) Be fearful when others are greedy and be greedy when others are fearful

16) Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price

17) Investing is laying out money now, to get more back in the future

18) Price is what you pay, and value is what you get

19) Ignore the stock market, ignore the economy, and buy a business you understand

20) A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem

21) Look at market fluctuations as your friend rather than your enemy; profit from stupidity rather than participate in it

22) The true investor welcomes volatility, a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses

23) Widespread fear is your friend as an investor because it serves up bargain purchases

24) When investing, pessimism is your friend, euphoria the enemy

25) The years ahead will occasionally deliver major market declines, even panics, that will affect virtually all stocks. No one can tell you when these traumas will occur