Warren Buffett and Charlie Munger have a reputation for being some of the most successful investors of all time, and it's pretty clear why. Over the past 20 years, shares of Berkshire Hathaway grew by 590%, handily beating the market's return of 533%. 

But you don't need to spend years studying their techniques to improve your own investing process. In fact, a lot of their folksy chestnuts of investing wisdom are quite digestible -- so let's learn three of their quick tips that'll help you to power returns for decades to come.

Image source: The Motley Fool.

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Source Fool.com