Skip to main content

Warren Buffett’s tips on how to be a leader

 

Warren Buffett’s tips on how to be a leader


In the business world Warren Buffett is general, emperor and ayatollah rolled into one. Rommel had his tanks, Augustus had his senators and Buffett has his stocks. The billionaire investor is one of the most capable men in the history of commerce and has had to employ exceptional leadership skills to achieve what he has done. Here are Warren Buffett’s tips on how to be a leader.

 

CULTIVATE A (GOOD) REPUTATION
As Buffett so candidly puts it; ‘It takes 20 years to build a reputation and five minutes to ruin it.’ Cultivating a reputation is hard to do – but maintaining one is even harder. By understanding that reputation is a life-long investment, you’ll find that you impress upon yourself the very highest of moral and business standards. This will ensure that you are well liked and respected throughout the business community.

 

BE OPEN ABOUT YOUR MISTAKES
Ask any top businessman and they’ll tell you that, despite their millions or billions, they made plenty of mistakes en route to the top – Buffett is no different saying; ‘I’ve made a lot of dumb decisions. It’s part of the game.’ By being open about the mistakes that he made, he is making the admission that, despite his great success, he is still human and still fallible.

 

COMMUNICATE IN LANGUAGE THAT CAN BE UNDERSTOOD
Buffett understands that not everybody is as well versed in the language of business as he – and so adjusts his jargon according to who he is conversing with. When he talks to his team leaders he speaks in one way and when he talks to shareholders of his various companies he talks in another way. He always tries to simplify – and never leaves anything complicated that could be made more simple.

 

TRUST IN YOUR OWN JUDGMENT 
If you’re leading others, the chances are you’ll be pretty capable at what you do – and therefore you should have faith in yourself and trust in your judgement. In a letter to Berkshire Hathaway shareholders in 2011 Buffett said; ‘More than 98% of my net worth is in Berkshire stock… …Being so heavily concentrated in one stock defies conventional wisdom. But I’m fine with this arrangement.’ Buffett shows that whatever’s conventional or the status quo may not actually be right for you.

 

DISPLAY HUMILITY AND LIVE SIMPLY
Those who are serious tend not to be flash. Warren Buffett lives in the same house that he bought in 1958 for the grand sum of $31,500 and although he has since purchased a private jet and $4 million Californian seaside house – he hardly lives like one of the world’s richest men. By living life in a non-extravagant, simple way, you prove that you’re serious and show that you’re not on a pedestal above everybody else.

Comments

Post a Comment

See First

LI Bingbing for Cosmopolitan

LI Bingbing for Cosmopolitan Actress Li Bingbing never goes long without a photoshoot. If you’re looking to see more of herself, she recently   Weibo ‘d herself doing the ALS challenge and will be starring as a snow demoness across Chen Kun in the upcoming movie “Snow Girl and the Dark Crystal 雪妖魔灵.” 
Post a Comment
Read more

How to Add a Microsoft Teams Chat Link to Your Email Signature

  How to Add a Microsoft Teams Chat Link to Your Email Signature Adding an email address, Twitter, LinkedIn, and company info to your email signature is all well and good, but none of those options allow the recipient to instantly chat with you. Fortunately, you can add a direct Microsoft Teams chat link so people can DM you with one click. It’s fair to say that providing a direct chat link to the whole world isn’t everyone’s idea of a good thing, and not everyone will be comfortable doing it. Depending on your role, your company might not even allow you to do this even if you want to. The good news is that people external to your company will only be able to use this link if your Teams admins have allowed external guests to chat with people inside your company. If they haven’t, this link won’t work. But for anyone who does engagement, PR, marketing, sales, or recruitment, this gives your customers a direct way to contact you. This is much better than having a message get missed in...
Post a Comment
Read more

Hari Won (Lưu Esther) Facts

  Hari Won (Lưu Esther) Facts Hari Won Fandom Name:  N/A Hari Won Official Color(s):  N/A Stage Name:  Hari Won Birth Name:  Lưu Esther Birthday:   June 22nd, 1985 Zodiac Sign:   Cancer Height:  167cm (5’6) Weight:  – Blood Type:  – Nationality:  Vietnamese (Father) and Korean (Mother) Facebook:   @hariwonstar Youtube:   @HariWonofficial Hari Won Facts: -Lưu made her first debut was in the group  KISS  in 2001 when she was 16 but they disbanded only 2 years later. -After the disbandment of KISS she went back to Vietnam, which is where she finished her education. -Her father became sick in 2006 which caused her to go back to Vietnam even though she already finished her education. -In 2016 she appeared on  Amazing Race Vietnam 2016  along with the Vietnamese audition program,  Teenage Dance Step -Hari dated a Vietnamese rapper,  Đinh Tiến Đạt  for 9 years. -Her and  Đinh Tiến Đạt ...
Post a Comment
Read more