Warren buffet Edward, a business magnet of the American descent, was born on August 193. He is considered as one of the key figures in the world as far as investment is concerned — his net worth of US$84.4 billion by November 2018. He also served as a great speaker and philanthropist. He had an interest in the business in his youth which prompted him to get into the Columbia school of business from where he sharpened his skills in investment philosophy in the concept of value investing. He started his business partnerships after attending the New York Institute of finance. Soon after creating his textile manufacturing firm known as the Berkshire Hathaway where he assumed chairmanship and the largest shareholder. He is known to value investing.
As an investor and the CEO Berkshire Hathaway, Warren Buffet would only insist on investing decisions based on facts. The investor often claims that one should have the ability to play out their hand in every situation. He goes ahead to advise the buffet shareholders{2006} that if they play out their hands, they would get the right facts and be able to reason by themselves and that the market should serve them and not instruct them. He advanced on gathering facts and later learning to dissect them. The intention is to find the information needed to make a decision merely implying the looking out for pieces that are important and of knowledge. The character tends to forget about anything that is incomprehensible rather than concentrating on the aspect of finding its solution. Buffet responds that the choice to investment should be based on someone's research and not from the public’s reaction concerning the likely benefit of the venture. Fellow businessman Ray Dalio further supported the reason as he opts for investment in companies that will last rather than those based on timing the market or mere reactions to anxieties. Investors, therefore, should not watch the market closely as he told the CNBC in 2016.
Being the great student of business, Warren also is considered a great listener as attributed in his actions and interactions with his employees and associates. It is also published that Warren can determine the elements that guide a company into success and the complicated issues that may lead to a loss. For instance, he can decide to invest or not in a particular thing but will later opt to spend in a more lucrative purchase just in a few days of research. He also alludes his ways of preparedness as a basis to success.
Warren in his speeches as a speaker emphasized the importance of integrity not only in business but also at a personal level. These statements illustrate that success is not always a matter of work experience nor a 4.0 GPA. In his investment speech, Buffett gave fantastic advice especially to those seeking to build a fortune. He states the importance of incorporating small amounts of money because of the availability of more places to invest. The small businessmen who don't have as many billions as Buffett are encouraged by his speech on spending by purchasing small stocks as they make a profit given that they cannot go any lower.
In conclusion, just as Warren, a leader or a manager should instill confidence in their workers to ensure high-efficiency rates. For instance, Warren as a leader and manager feels delighted in the company's division or the chief executive to call him and report or seek advice but is of the contrary opinion calling them first to inquire on such like issues. Nevertheless, managers should also be willing to learn and adapt to computer usage just like Warren Buffett.
