Warren Buffett Prefers One-Page Contracts for Trust

Warren Buffett, the famous investor, likes to use simple one-page contracts for his business deals.

He believes that if he can't trust the person he's dealing with, even a long contract won't help.

He prefers to work with people he can trust, so a short contract is enough.

He also thinks that dealing with untrustworthy people is not worth the time and effort, even if they might lose in the end.

Recently, he has stepped back from active investing and handed over the reins to Greg Abel, his successor.