I remember watching an interview with Warren Buffet on CNBC TV last night. Maybe it is an old interview but I do not remember seeing it before. I recall Mr. Buffet saying that he does not visit companies before buying them. Warren Buffet invests using financial information only. I recall some of Warren Buffet's investment rules, or perhaps they are life rules: 1) Buy a business that has a large barrier to entry. The analogy presented on TV was that of a moat. Something that prevents or discourages competition and gives the business a competitive advantage. 2) Avoid debt. 3) Save and invest. 4) Invest in business that have extremely competent owners and management. I recall Mr. Buffet referring to such managers as "400 hitters". 5) I am summarizing here: Avoid the noise and confusion of wall street. Mr. Buffet finds someplace where he can think clearly (Omaha). Mr. Buffet is looking for one good idea per year. 6) [paraphrasing] Enjoy life and make yourself happy. Be content with what you have. 7) Live below your means. 8) Buy at a good price. 9) I recall Mr. Buffet being very concerned that management be ethical and honest. Did anyone else watch the interview last night? If I missed anything or made a mistake please correct me. I am surprised by the simplicity of Warren Buffet's approach.