New Delhi, Jan. 9 -- Billionaire investor and Berkshire Hathaway Chairman Warren Buffett has been vocal about his business mantras and investing guidelines over the years. Notably, when it comes to dealing with people there is one quality, he places high - trust. Here's why and how he navigates this requirement.

Speaking to an interviewer in 2014, when he shared the one-page contract he used to buy National Indemnity in Berkshire's annual report, Warren Buffett explained that while times have changed, he still prefers the one-page deals.

"We had one-page contracts for other companies (besides National Indemnity), but I can't seem to pull this off anymore. I mean, I send out these one-pagers out to our lawyers and say let's get down to t...