Question
Warren Buffett applied four simple rules of investment to his business life: 1. Don't invest in something you don't understand. 2. Distrust debt. 3. Be in there for the long term. 4. Build in a margin of safety.
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Buffett has lived his life avoiding those who would criticize him, and while he is a storied business mogul, he is not so cool, calm, and collected in his personal life. One of the only tycoons who never showed off his wealth, he even named is private jet "The Indefensible." In line with his simplistic personal lifestyle, he applied those same principles to his business life, with four simple rules of investment; don't invest in something you don't understand, distrust debt, be in there for the long term, and build in a margin of safety.
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