The 3 Most Important Things to Learn From Warren Buffett

By Patrick Morris – Jan 8, 2014 at 7:28AM

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Warren Buffet of Berkshire Hathaway provides three critical insights into why he makes the investments in specific companies.

With the calendar now on 2014 and resolutions abound, investors should look to legendary investor and head of Berkshire Hathaway (BRK.A 1.18%) (BRK.B 1.30%) Warren Buffett for guidance when it comes to making great investments.

Although some of The Oracle's quotes are as much as 25 years old, they still ring true today, and provide critical insight into how Buffett has built Berkshire Hathaway and grown the value of his company by 586,817% over the last 47 years.

In the presentation below, we look at quotes that provide clarity into why he has taken such massive positions in ExxonMobil (XOM 1.15%), IBM (IBM 0.06%) and Wells Fargo (WFC 2.74%) and help solidify what exactly Buffett is looking for and doing when he buys shares of companies.

Fool contributor Patrick Morris owns shares of Berkshire Hathaway and ExxonMobil. The Motley Fool recommends Berkshire Hathaway and Wells Fargo. The Motley Fool owns shares of Berkshire Hathaway, International Business Machines, and Wells Fargo. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.