Hi everyone, thank you for coming back to my blog. I hope you found my last blog interesting and useful, where I covered ‘8 Powerful Steps To Free Yourself From Behavioural Finance Biases’.In this blog, I’m going to show you the rules you should be following so that you can invest like Warren Buffett and gain wealth in the long run.Warren Buffett is perpetually one of the richest people in the world and almost universally considered to be the greatest stock picker the world has ever known.While you might not ever be worth $50 billion, you can certainly learn a thing or two from “The Oracle” and greatly increase your wealth over the long term.Though Buffet has never officially written down his process for evaluating and choosing stocks, there is a lot that can be learnt from his letters to his shareholders.These rules are in line with those shareholder letters and should be the rules you should be following:Buffett’s basic philosophy is to purchase a stock for less than it’s worth and then let the rest of the world finally figure it out, too. This is commonly referred to as value investing and has been the cornerstone of his philosophy from the very beginning.· In fact, the rest of the rules are really rules to find these companies.Buffet prefers companies that are already profitable as opposed to companies that are likely to someday become profitable. There are several measures he utilises to determine this.Some of these include Return on Equity (ROE), Return on Invested Capital (ROIC), and the profit margins.· ROE — While no one knows for sure, the general consensus is that he wants to see an ROE of 15% or more.· Profit Margins — In this case, we’re talking about dividing net income by net sales. Obviously, the…