Billionaire investor Warren Buffett has had a very successful investing career. But while he is operating at the top table, a lot of the techniques he uses can work on a more modest scale. In fact, Buffett has said it was easier for him to do well when he was investing smaller amounts than now, as there was a wider pool of small-scale opportunities open to him. If I had a spare £800 and wanted to start investing today using some of Buffett’s approaches, here is what I would do. Buffett is a patient investor and can wait years, or sometimes even decades, for the right opportunity to come along. So his approach is not to let cash burn a hole in his pocket. Rather, he waits until he finds what he regards as a good investment at an attractive price before investing. The biggest holding in Buffett’s portfolio, by some distance, is Apple. But although the tech giant has a large role, Buffett has a diversified portfolio. That helps reduce the risk posed by one company performing disappointingly. I would do the same. Even with £800, I could spread my funds over three or four different shares. Like many...