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Username: Fluffy

Rating:
Guru Stars

Asked to: Chaoxiang Lee

Date Created: 27 Dec 2018
Category 28
Tag Financial
Question What is a Rule Of Thumb?
Advice from Guru
Hello Fluffy,

A rule of thumb is a guideline that provides simplified advice regarding a particular subject. It is a general principle that gives practical instructions for accomplishing or approaching a certain task. Typically, rules of thumb develop as a result of practice and experience rather than from scientific research or theory. This is why they're regarded as a heuristic.

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