New Delhi, Nov. 13 -- 'The stock market is a device for transferring money from the impatient to the patient.' : Warren Buffett

The stock market is not a place for speculators and gamblers. Those who don't understand the fundamentals of the listed companies they're trading in will end up losing money.

So, it should be no surprise to hear the old stock market saying that more than 90% of traders lose money in the long term. We would go further and say that most of the remaining 10% don't make enough for a good lifestyle.

But it's not a reason to be disappointed. There is a way to create significant wealth in the stock market in the long term. The method is value investing.

And that is at the heart of Buffett's quote above.

The key to ...