Become the world's richest parent

One of life's most rewarding experiences is the whole parent/children thing. But unless you're prepared to move to America and enter your kids into deepest Texas beauty pageants, the rewards, thankfully, aren't monetary. So how do you pay for everything that a child needs such as food and Nintendo DSs and help them through university and pay your mortgage and still have something left for your own dinner and retirement?

One way, and it's something that everyone should at least read up on, is to look at the track record and tactics of one Warren Buffet, one of the richest people on the planet. He's an investor. He looks a bit like Mr Cunningham from Happy Days, he's lived in the same house all his life. And he's worth about a hundred billion quid.

His strategy is moronically straightforward and reeks of refreshing commonsense.

Rule 1. Never lose money.
Rule 2. Never forget rule 1.

And how do you do this? By investing in profitable companies for a long while. That's it. It's not work.

>> How to invest like Warren Buffet