Warren Buffett is known as the Oracle of Omaha for a reason. The 86-year-old Nebraskan has a sixth sense when it comes to investing his money.
The longtime chairman and CEO of Berkshire Hathaway, Buffett is worth more than $70 billion, according to Forbes.
As an investor, Buffett is the opposite of a day trader.
"Listen, if I knew how to double my money tomorrow, I would probably invest for the short term, too," says Buffett speaking recently at a Facebook Live event broadcast from Columbia University and moderated by Charlie Rose.
He has long had a buy-and-hold strategy.