Warren Buffett once explained how to turn $10K into a fortune for new investors. 3 strategies that still hold up in 2026

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meetings, Berkshire Hathaway’s shareholders have the opportunity to pick Buffett’s brain on any number of topics.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPGet early access to privately-held AI companies with Fundrise Venture Capital for as little as $10. Join 350,000+ investors todayOne investor who attended the conference in 1999 cut right to the chase in a memorable way. “Mr. Buffett, how can I make $30 billion dollars?” he asked (1).As always, the Oracle of Omaha conveyed complicated theories in simple terms — rules that can guide any investor.“If I were getting out of school today and I had $10,000 to invest … I probably would focus on smaller companies … You have to buy businesses, or little pieces of businesses called stocks, and you have to buy them at attractive prices, and you have to buy into good businesses.”If you want to learn the ropes that helped the nonagenarian accumulate a massive fortune, here are three of his fundamental rules to consider.Tom Watson Sr., the founder of IBM (NYSE:IBM), once said, “I’m no genius. I’m smart in spots — but I stay around those spots (2).” That’s the mantra Buffett has applied to his investing, too.By focusing on industries he understands and avoiding temptation to chase trends, Buffett has built his fortune through a disciplined and patient approach.His strategy, however, comes with an important caveat: volatility. At the 2020 Berkshire Hathaway shareholder meeting, Buffett reminded investors of the inevitable ups and downs."You’ve got to be prepared, when you buy a stock, to have it go down 50% — or more — and be comfortable with it, as long as you’re comfortable with the holding," he said (3).Read More: Approaching retirement with no savings? Don’t panic, you're not alone. Here are 6 easy ways you can catch up (and fast)You can build your own circle of competency with trusted advisors who bring their expertise on growing wealth — and Advisor.com can help you find a financial professional that’s right for you.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,977.27 +10.99 (+0.16%)Dow 3049,590.20 +86.13 (+0.17%)Nasdaq23,733.90 +62.56 (+0.26%)Russell 20002,635.69 +11.47 (+0.44%)VIX15.12 +0.63 (+4.35%)Gold4,606.50 +105.60 (+2.35%)Trending tickersEVTV Envirotech Vehicles, Inc. 2.5100 +2.0469 (+442.00%)BABA Alibaba Group Holding Limited 166.31 +15.35 (+10.17%)BTC-USD Bitcoin USD 91,140.10 +739.27 (+0.82%)COF Capital One Financial Corporation 233.20 -16.00 (-6.42%)CRWV CoreWeave, Inc. 89.93 +9.79 (+12.22%)PortfolioSign in to access your portfolioSign inTop gainersBEAM Beam Therapeutics Inc. 33.69 +6.14 (+22.29%)HYMC Hycroft Mining Holding Corporation 33.00 +5.87 (+21.64%)KC Kingsoft Cloud Holdings Limited 13.40 +2.38 (+21.60%)ADPT Adaptive Biotechnologies Corporation 18.26 +2.50 (+15.86%)BLLN BillionToOne, Inc. 99.15 +13.21 (+15.37%)Top losersATEC Alphatec Holdings, Inc. 17.59 -5.06 (-22.34%)NUVB Nuvation Bio Inc. 6.46 -1.58 (-19.65%)ANF Abercrombie & Fitch Co. 102.78 -22.09 (-17.69%)APLS Apellis Pharmaceuticals, Inc. 23.20 -4.10 (-15.02%)SMMT Summit Therapeutics Inc. 17.04 -2.64 (-13.41%)Most activeONDS Ondas Holdings Inc. 13.19 -0.50 (-3.65%)NVDA NVIDIA Corporation 184.94 +0.12 (+0.06%)PLUG Plug Power Inc. 2.2800 +0.0900 (+4.11%)INTC Intel Corporation 44.06 -1.49 (-3.27%)AAL American Airlines Group Inc. 16.00 +0.01 (+0.06%)Top economic eventsEarnings eventsMy earnings eventsEarnings events