FOX Business Network's Liz Claman will interview legendary billionaire and Berkshire Hathaway CEO Warren Buffett, Berkshire Hathaway Vice Chairman Charles Munger and Microsoft Chairman Bill Gates in an exclusive sit-down following the Berkshire Hathaway shareholder meeting this weekend. Claman is no stranger to Buffett, having interviewed him countless times throughout the course of her career. Below, she shares the four best pieces of investment advice he's given her over the years. After all, who can afford to say they couldn't use a tip or two from one of the world's richest men?

1) The Art of Discipline, Buffett-Style!
If I'm told I shouldn't eat chocolate because it's bad for me, I won't eat it. Until, that is, I'm offered a gorgeous little piece of something by someone passing my desk. Buffett would never break his discipline code, at least when it comes to investing, and that has worked wonders for him.

SEE: Warren Buffett: The Road To Riches

When he's looking to buy a stock, he never EVER overpays for it no matter how much he wants it. What are his rules? Look at the price-to-earnings ratio, how solid the management is, how much cash the company brings in from its operations and then make sure the price isn't elevated beyond what's reasonable. This takes discipline, but you'll find that Buffett is the most disciplined investor on the planet. He sticks to his rules and never strays. And one of his favorite rules is "Buy good stuff at cheap prices!"

2) He look for the ugly ducklings he just knows will eventually turn into beautiful stock swans.
He once said to me, "Liz, you never want to buy the quarterback who just won the Super Bowl. He's too expensive. You want to buy the guy in the hospital bed with his leg in a sling because you know he's cheaper and the odds are, he'll get better and blossom."

3) Be fearful when others are greedy, and greedy when others are fearful.
This is Buffet's way of saying, "Do not follow the herd. Be the contrarian. It'll serve you well." When the herd was running toward dot-com stocks in 1999 and paying ridiculous prices for companies that showed no profit, he remained disciplined (see #1) and stayed away. That way when the herd shifted direction, he didn't get trampled. It works in the reverse as well. When everyone was running away from stocks during the financial crisis, Buffett was elbow deep, buying up the names he'd wanted for so long but were too expensive. Suddenly they were "on sale" and he had lots of dry powder to dive in.

SEE: Warren Buffett's Best Buys

4) Learn how to communicate.
It shocks a lot of people to know that Buffett was incredibly shy and lacked all confidence even through his 20s. He finally forced himself to take the Dale Carnegie course, "How to Win Friends and Influence People" because he realized the only way he'd be truly successful in life - even with his natural ability to allocate financial assets - was if he could communicate to potential investors. It took him quite some time to get up the courage to finally enroll in the course but it's the only document he has framed and up on the wall in his inner office. Not his diplomas, not any awards, just the "Warren Buffett successfully completed Dale Carnegie's course." There's something very poignant to me about that.

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