Warren Buffett Reveals the Simple Secrets Behind His Successful Life and Incredible Wealth
It is generally accepted that as people age, they become wiser. While that may not be true for some people you know, it is certainly true for Warren Buffett. The billionaire is about to reach 90 years of age, and his words are growing more profound than ever.
Although, as a professional, Buffett is an investment guru, perfectly capable of giving advice when it comes to exploring the most lucrative money-making opportunities.
However, now, mostly because of his age and hence the extremely diverse experience that comes with it, Buffett has also become equally qualified to give advice which has the potential to change the course of businesses as well as our careers.
Make The Right Investment
At multiple occasions now, Buffett has maintained that we need to be very wise when it comes to investing our time in other people.
While it may seem like he is simply reiterating the age-old wisdom that you will only be as successful as the people you spend time with, Buffett actually gives a more practical approach to the concept.
For example, while talking to an audience at the University of Florida, Buffett asked the students to select any of their colleague who they believed would be the most successful in the future, keeping the hypothetical scenario in mind that they would be getting 10% of his or her earnings.
According to Buffett, the students were most likely to pick individuals with key leadership traits, such as honesty, generosity, and the ability to give credit where due.
There are two kinds of leaders: those who want to be served and those who want to serve others. If you are the CEO of a company, you should want to serve others.
This does not mean that you start doing all of the work while your subordinates take the day off. Instead, this means nurturing the people around you, even if you are in charge.
According to Buffett, a true leader is a selfless one. You don’t need to eliminate your ego to become selfless, rather you need to realign your ego so that it ultimately benefits other people. For example, an ego which is tied to the success of other people would be, what the Dalai Lama calls, a serving ego.
Acknowledge the Effort
It is very easy to acknowledge the contributions of those who bring in revenue for the company, such as the sales teams or those at the managerial level.
But Buffett highlights that a good leader is able to recognize the efforts made by all human resource working at all levels of an organization, whether it is in the mailroom or in the boardroom. It is important to acknowledge and praise the contributions being made by everyone.
Be Honest and Vulnerable
To the external world, a leader should definitely maintain a strong posture and show absolutely no sign of weakness. But to his people, a leader does not fear to show flaws and weaknesses as, according to Buffett, this is essential when it comes to building trust with people. Buffett believes that, when people see their leader being vulnerable, they become more expressive.
More in Inspiration
Olivia Newton-John Just Sold an Entire Forest, and This Is What Makes It so Special!
While some people like selling properties within a couple of years after having initially purchased them, either because the value has...October 15, 2019
Hobbs & Shaw Puts a Twist On Fast & Furious Series, But Did It Succeed? Here Are The Numbers!
It was not easy to dominate the box office this weekend, but the newest film in the Fast & Furious franchise...October 15, 2019
Katie Holmes Dated Jamie Foxx For Six Years Before Breaking Up? Let’s Recap Their Ultra-Secretive Relationship!
All of us remember that time when actress Katie Holmes was married to Tom Cruise, as their relationship was discussed all...October 14, 2019
Brie Larson Incurs a Loss By Selling Her Home In Laurel Canyon, This Is Why!
While Brie Larson has been making great strides in her career, with her Marvel appearances earning the actress a substantial amount...October 14, 2019
Chester Bennington’s Music is Still Making Money For His Family, and The Amount Will Shock You!
Even after all this time that has passed since Chester Bennington left this world, his music continues to have an impact...October 14, 2019
Ellie Goulding’s Dress Took 640 Hours To Make, And This Is The Shocking Amount Of Effort That Went Into It!
Getting married is obviously a huge deal for most women around the world, mostly because there is a lot of preparation...October 14, 2019
Karlie Kloss and Husband Joshua’s Apartment Goes For $6.6 Million, And Here Are All The Amazing Things That The New Owner Would Get To Enjoy!
If you have ever bought or sold property, then you must know the importance of securing a good price for it...October 9, 2019
Katy Perry and Team to Pay $2.78 Million For Allegedly Copying Parts of This Song, Declares Jury In This Shocking Judgement!
Well, life is certainly not easy when you are a superstar because there is a lot of attention to everything that...October 9, 2019
What Is BTS and How The Band Has Become More Popular Than Taylor Swift On YouTube? Prepare to Be Amazed!
It is very easy to gauge an artist’s success on YouTube, as we simply have to observe the number of total...October 9, 2019