It's his job to be strategic about buying and selling, but Buffett also said he can understand an investor who will make a few good investments and hold on to them forever. That could be the right decision for many investors who don't have Buffett's day job.

While Buffett is known for being uninterested in gold investing — describing it in a 2011 letter to shareholders as an asset “that will never produce anything” — other money mavens consider it to be a solid hedge against inflation because its purchasing power has remained relatively stable over time.

Here are Buffett's six best pieces of investing advice and some expert takes to help you start your investing journey.