Warren Buffett’s always been one to keep things simple. And in a recent interview with ABC, he laid out three broad rules that individual investors should follow if they want to grow their money and keep it safe:
- If it seems too good to be true, it probably is.
- Always look at how much the other guy is making when he is trying to sell you something.
- Stay away from leverage.
Buffett also talks about how one of his favorite pastimes — bridge — offers some lessons that can be applied to investing, and gives his take on increasing tax rates for the wealthy.