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  You don’t get labeled the “Oracle of Omaha” for nothing.
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  As one of the world’s most successful investors, Warren Buffett’s views on markets, companies and the economy have always been of great interest on Wall Street and Main Street.
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  Now 95, Buffett is stepping down as CEO of Berkshire Hathaway, 60 years after taking a controlling share in the company.
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  But during his long tenure Buffett has had plenty of sensible things to say about how to invest well and live a good life through the work you choose and the way you treat people.
  
  Here’s just a sampling:
  
  Don’t lose money
  “The first rule in investment is don’t lose. And the second rule in investment is don’t forget the first rule.”
  
  
  Buffett is best known as a value investor – someone who buys companies he believes are undervalued. “If you buy things for far below what they’re worth and you buy a group of them, you basically don’t lose money,” he explained on Adam Smith’s Money World.
  
  
  But Buffett’s advice also speaks to the need to diversify risk.
  
  “It’s the foundation of how I manage client money,” said certified financial planner and CPA Brian Kearns. “Investing is about growth, but it is also about capital preservation. … Find reasonably priced investments … but don’t risk too much of your net worth on one idea.”
  
  It also means investing across asset classes. “They all have different risk profiles and, when combined, allow you to hold investments for the long term because you will experience less volatility,” Kearns said.
  
  Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, in 2008.
  Warren Buffett's life in pictures
  42 photos
  Warren Buffett greets shareholders during Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, on May 3, 2008. Carlos Barria/Reuters
  Focus on the essentials
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  Elusive shipwreck found in Lake Michigan over 100 years after sinking
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  A “ghost ship” that sank in Lake Michigan nearly 140 years ago and eluded several search efforts over the past five decades has been found, according to researchers with the Wisconsin Underwater Archeology Association.
  
  The wooden schooner got caught in a storm in the dead of night and went down in September 1886. In the weeks after, a lighthouse keeper reported the ship’s masts breaking the lake surface, and fishermen caught pieces of the vessel in their nets. Still, wreck hunters were unable to track down the ship’s location — until now.
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  Earlier this year, a team of researchers with the Wisconsin Underwater Archeology Association and Wisconsin Historical Society located the shipwreck off the coastal town of Baileys Harbor, Wisconsin, the association announced on Sunday.
  
  Named the F.J. King, the ship had become a legend within the Wisconsin wreck hunter community for its elusive nature, said maritime historian Brendon Baillod, principal investigator and project lead of the discovery.
  
  “We really wanted to solve this mystery, and we didn’t expect to,” Baillod told CNN. “(The ship) seemed to have just vanished into thin air. … I actually couldn’t believe we found it.”
  
  The wreck is just one of many that have been found in the Great Lakes in recent years, and there are still hundreds left to be recovered in Lake Michigan alone, according to Baillod.
  
  The ‘ghost ship’
  Built in 1867, the F.J. King plied the waters of the Great Lakes for the purpose of trans-lake commerce. The ship transported grains during a time when Wisconsin served as the breadbasket of the United States. The 144-foot-long (44-meter) vessel also carried cargo including iron ore, lumber and more.
  
  The ship had a lucrative 19-year career until that September night when a gale-force wind caused its seams to break apart, according to the announcement. The captain, William Griffin, ordered the crew to evacuate on the ship’s yawl boat, from where they watched the F.J. King sink, bow first.
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