20 timeless money rules

Money Magazine collected the best advice from some of the smartest investors (and other people) who have ever lived.

Buy low
11. Buy low
If a business is worth a dollar and I can buy it for 40 cents, something good may happen to me.
--Warren Buffett


The best Dow stocks of the past 10 years don't include Microsoft or Intel. But Caterpillar (Cat) makes the cut with a 212% return. In 1997, in the midst of tech madness, the market was so bored by the company's industrial-machinery business that investors paid just $11.50 for each dollar of earnings. If the stock's current value of 16.1 times earnings is right, that's nearly a 30% discount. Smart investors didn't need to foresee the coming construction boom. They only needed to call a bargain a bargain and trust the market to eventually wise up.

Confucius

Friedrich von Schiller

Benjamin Franklin

Miguel de Cervantes

Gary Brinson, Brian Singer and Gilbert Beebower

Warren Buffett

Edwin Lefevre

Peter Lynch

Jack Bogle

Coco Chanel

Warren Buffett

St. Augustine

Harry Truman

Eleanor Roosevelt

John Kenneth Galbraith

Stanley Kunitz

Pablo Picasso

John Maynard Keynes

Martin Luther King Jr.

Jonathan Swift
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.