Leadership Warren Buffet
Warren Edward Buffett, who was often called the “Oracle of Omaha” or the “Sage of Omaha”, born August, 30th 1930 in Omaha, Nebraska. In his early age, Mr. Buffet started working in his grandfather’s grocery store. He purchased his first stock at age 11, which he ended up making a five-dollar profit on this investment. At age 14, he started working as a newspaper delivery boy. He got his bachelor’s degree from The University of Nebraska. Mr. Buffett graduated from Columbia Business School and earned M.S. in Economics in 1951. Shortly after completing college, Warren founded the Buffet partnership.
Warren Buffet married in 1951 and had three children. In 2008, Forbes magazine had ranked Mr. Buffett as the richest person in …show more content…
After the dot com and financial bust, we would agree with Buffet’s investment strategy “the business has to have solid economics behind it”.
Warren Buffett is conservative and choosy in his investment decisions. Unless he understands business very well, he will not make any impulsive investments. Even in the age of globalization and electronic commerce, Buffett’s advice remains a guiding principal for Berkshire Hathaway investments. As per Buffett, “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price”
Even at the age of 79, Mr. Buffett attends his office every day and makes investment decisions for his company. Today, many financial institutions and the government turn to Mr. Buffett for his advice on how to weather through the current financial storm which has turned global economy up-side down.
According to his admirers, Buffett has excellent people judging skills. Rich Santulli, CEO, NetJets, said, "He is the best judge of human talent there is. And people want to work for him." In 38 years of Berkshire Hathaway history, not a single employee in the top management level has left to join another company.
When Buffett gets controlling interest in business, he doesn’t interfere with the day to day business of the company. As a CEO, he makes sure to allocate enough capital to businesses with good economics and keep their existing management to lead the