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Warren Buffett's simplistic lifestyle contributed to his success in business and investment in several ways. Firstly, it allowed him to focus on his work without distractions. His frugality also meant that he was able to reinvest more of his earnings back into his business. Additionally, his humble lifestyle has often been seen as a sign of his integrity and authenticity, which has helped him to build trust with investors and partners.
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Despite his strategic rise, many people believe Buffett's success was a result of chance. In the mid-80's, a group of economists came up with the theory of "Efficient Market Hypothesis," to explain the reasons why it was impossible for someone like Buffett to consistently outperform his competitors. Buffett debunked their theory by naming eight peers who had the same type of performance, and who were mentored by David Dodd and Benjamin Graham.
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When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impossible for multi-billionaire investor Warren Buffet...
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