If you're going to dance, dance like no one is watching. If you're going to party, party like a rockstar. And if you are going to invest, invest like one of these billionaires. 

Some of the world's richest people made their fortunes investing in the stock market. Some of the more famous ones, like the "Oracle of Omaha" Warren Buffett, have left the blueprint they used to make their fortunes for others to follow. 

Here's a look at how some billionaires invest their money. 

1. Warren Buffett Loves Value Stocks

Many column inches have been dedicated to Warren Buffett's investment philosophy

One of the tenets of Berkshire Hathaway (BRK.A) (BRK.B) Buffett's early investment philosophy was returns on value investments. It sounds counterintuitive, to invest in stocks trading at a cheaper level than peers in the same group, but it was a tried and true strategy for Buffett.

Value investing entails identifying under-priced stocks according to a fundamental metric like the price to earnings ratio then reaping the benefits as the market realizes the value of the underpriced asset. 

One of Buffett's top names he sees value in is Apple Inc. (AAPL) . The investor has never sold an Apple share, and said last month that he sees Apple becoming the first trillion-dollar company. Other big Buffett holdings Buffett sees value in include Coca-Cola (KO) , Wells Fargo (WFC) , American Airlines (AAL) , American Express (AXP) , Bank of America (BAC) , Costco (COST) , Kraft Heinz (KHC) , Southweat Airlines (LUV) , Moody's (MCO) and Restaurant Brands (QSR) .

2. Ray Dalio Enjoys Risk

Ray Dalio is the billionaire founder of Bridgewater Associates, the world's largest hedge fund. Bridgewater is the inventor of the now world-famous risk parity strategy of portfolio management.

Risk parity attempts to mitigate risks by balancing your portfolio between equities, long-term Treasuries, intermediate-term Treasuries, gold and diversified commodities. Dialo helped develop a resource allocation blueprint for savvy investors to follow known as "All Weather."

The "All Weather" breakdown states you should put 30% in equities, 40% in long-term Treasuries, 15% in intermediate-term Treasuries, 7.5% in gold, and 7.5% in diversified commodities. 

Ray Dalio, in his own words. 

3. Andrew Left Bets Against Companies 

Notorious billionaire activist investor Andrew Left of Citron Research has a slightly different approach to investing than other billionaires. 

Left has made his fortune in the bear market, shorting securities that he believes are involved in fraud or shady business practices, and then exposing those incongruities in the public forum. 

For the past year, Left has been building a folder on Express Scripts (ESRX) , a pharmacy benefits manager with $100 billion in revenue, according to the New York Times. 

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