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Warren Buffett: Transformational Leader

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Molly Schreiber

on 10 December 2014

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Transcript of Warren Buffett: Transformational Leader

Warren Buffett:
Transformational Leader

"If you're in the luckiest one percent of humanity, you owe it to the rest of humanity to think of the other 99 percent."
Rhetorical Skill
"I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?"
"a castle with a moat around it"
Wealth for the sake of generating value vs. wealth for the sake of wealth (ie. Boys Town of Omaha)
Expectation of investor hard work
the Oracle of Omaha
Businesses within personal "circle of confidence"
Stakeholders vs shareholders
Way of living
"No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant."
"You never know who's swimming naked until the tide goes out."
Talent, intelligence and integrity. Utilizing these characteristics and skills no matter in what form they come.
Strive to work at what you thotoughly enjoy
Link between character and success
Kenneth Chase at Berkshire Hathaway
Instinct about the capability
of people
Delegates decision-making capability "to the point of abdication"
Making mistakes
Civility and respect
Rise to Leadership
Life experiences
Why Transformational
How company worked
What made it superior
Political parties
Environmental groups (ie. Keystone
pipeline debate)
Dealt with through public responses
Wharton Leadership Digest, April, 1999 - Volume 3, Number 7, WARREN BUFFETT ON INVESTING
AND LEADERSHIP: "I'm Wired for This Game", By Mukul Pandya
Warren Buffett as a model of authentic leadership, sites.psu.edu
Thursday, June 27th, 2013 at 10:36 pm, Penn State blog
Warren Buffett makes Berkshire Hathaway proud, Michael Lee Stallard, Nov 14, 2008, 06.00am IST
Goodreads.com, Warren Buffett quotes
Full transcript