Loving a job brings its own gifts. Inspiration, willing to sacrifice, moral & intelligent based decisions, and a goal that everyone involved prospers. Quite unselfish.
Ive done many job interviews in the past so i can tell you after some experience i knew. It also calmed me down and then i was hired almost every time. I did this: keep in mind its not about you, thats your personal business. Turn the rolls around! you are the interviewer, the one that asks the questions. Ask about their business. Are they worthly enough for you to spend years of time with them.
There are only a couple of things on the interviewer's mind. Can this guy do the work? Is he reliable? Will this guy make me look better? Will I be an embarrassment to my peers and superiors for having hired this person. Is he a team player? Will he cause trouble? If you alleviate those fears, you get the job.
@@rapho8539 Problem is integrity employers are far and few between and sometimes not enough time or money to be choosey sometimes better to be lucky then good.
I love when people who care only about money talk about how people below them shouldn't care only about money. When times are tough, how many companies will refrain from laying off an employee because they love the employee more than money? I would say none. In our capitalistic system, in fact they are required to put money above all else.
They arent required to put money first. They choose to. I run a business and I put employees first. as long as the company breaks even at the end of the year I am happy. I also pay my employees close to what I pay myself. accumulating massive wealth is not why we are here on this planet. To love and serve, that is our purpose.
Whhaaaatt??? You saying they like moneyyyy???? But but they say we must prefer the business and the work than the money! I mean is not they are hoarding thousands of millions of dollars... right? RIGHTT??? /s
I worked at a company once owned by BH. They brought in 2 turds as CEO and CFO. At the very first staff meeting the CEO turd opened with this line, “There will not be any raises.” How inspiring.
I read another story similar with I think Next Jets which BH own they brought in a guy and he started firing people and then the numbers started looking good so yes they Cut and just look at the bottom line .
Sometimes you just wonder how people have got the job they have. I hold to the idea that fewer people apply for high-level positions, so you are bound to have a few more idiots at astonishingly high levels in a company.
I think everyone would agree that the person who told you that did so in a very rude way, and everyone would certainly agree that within reason, everyone deserves a dignified life, but it’s amazing that anyone would expect a motivational speech from the investors in the business who also happen to own many other businesses with thousands of employees. The guy who told you that was just some guy, and extrapolating some guy’s statement across the whole series of organizations is so minuscule that it just isn’t relevant.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)
I think for Warren the money is a bonus..I truly believe he loves the game. He's not saying he wouldn't buy the business just filter how who he keeps to operate it
They did, people give themselves away, ie every one says they work hard and love what they do yet it’s obvious when you meet someone at work who’s dedicated to someone who’s just there for a check their nothing wrong with being there for a check it’s just that highly motivated individuals are worth much more then the check they receive. Most people are replaceable for the job position but not everyone is replaceable for the job they do, because they do so much more. That person is rare and worth their weight in gold as opposed to the check they receive
They sure did. Does the person like the business or do they like the money. A person who likes the business will make sure that the right people are employed to continue the businesses success. Someone who likes the money will treat the business and employees like a cash register. There is no worse person to run a business than a bean counter. Humans MUST take priority. Bean counters usefulness needs to be as a guide for the financial part of the business, not to run it. If human beings are removed, how does a business generate income? If human beings are treated as numbers their enjoyment of what they are doing will diminish. Treat and value employees and watch the business thrive. Teamwork is all about TEAMWORK.
In that case, you haven't paid attention to what these two gentlemen said, and that is the reason why they generally know who to pick, and you still haven't understood how they do it. Clue: it's not the background music.
Buffet asks the owner if they had to cut the yearly party or baseball game during an unprofitable year. If they do, then they love money. If they don't, and the owner pays for the yearly tradition, then they love the company.
The truth applies from the top, down. I worked briefly for an airline that gave its people high pay, sick time, paid vacation, set schedules that covered underserved markets, charged the minimum fare necessary, and slowly expanded, pumping money into expansion and employee benefits. They got bought in a hostile takeover, by a limited route airline that charged the maximum, offered no frills, overpaid management, and had enough reserve assets for the buy. Power and the bottom line were their interest. They went bankrupt twice, finally bought out by a little competitor they used to mock. Love of people kept one company going for 50 years. Love of money destroyed it and its purchaser in barely over 10.
VERY VERY well said. Unfortunately Berkshire Hathaway apparently takes over sone companies to turn them into the cist cutting hellholes you talked about. Probably not as bad as that other guy who goes around buying companies, "fixing" them which means screwing the good employees and replacing them with meth heads and a bunch of imported chinese junk to then sell them at a profit. I forget his name but he's a real snake. Although REGARDLESS of what Warren is saying here, HE'S DONE the same a couple of times.
He would also go up to his employees and ask them to "whip it out" and if it was over 4 inches he knew he had a winner. Women ruined the workplace facts!
yes love of money (Gr., phi·lar·gy·riʹa, literally, “fondness of silver”) and cause much damage to himself. (1Tim chapter 6 verse 10) Jesus said they will never be satisfied with money. The Spanish have a saying " more is the Devil " These two men on the video dont work for money they work just to work.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $150k since then.
I am being guided by “Eileen Ruth Sparks” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Whatever skill you are doing, and good at pls put in your best, allot of fellow has make hug mistake by meeting with wrong people, to extend they don't believe legit once because of their past experiences.
Its< natural to see so many investors panic amid a worsening bearish market but it is also important to note that the market situation is nothing new in the crypto world
Вы правы, я стал жертвой такого поступка, только после учебы и разговора с друзьями, до того, как я отпустил свое прошлое, и это лишило меня огромных преимуществ, потому что я думал, что они все одинаковые, я молю Бога дать мне еще один шанс.
@@smartlucas412 ju kërkoni mbështetjen Helen, Në këtë mënyrë ju mund të merrni strategji të dizajnuara për të adresuar ëndrrat tuaja unike afatgjata/shkurtëra dhe financiare.
At 73, I was asked to return annually for tax prep season. I love anything accounting, anything. They wouldn't have even had to pay me for doing someting I loved doing. But, I had 3 little grandchildren down the street who I also loved, so I left the workforce at 73 to be with the little ones. It's a wonderful life!
You got to retire SOME day. Here in Australia people are seriously pissed that the retirement age is actually a sliding rule from 65-67 based on what year you were born.
He would also go up to his employees and ask them to "whip it out" and if it was over 4 inches he knew he had a winner. Women ruined the workplace facts!
Since the beginning of the year, I have purchased a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.
If the market has taught me anything, it's that it generally recovers, especially now that inflation is being severely affected by crucial factors like my retirement and my reserve. The key is big returns, not shifting stochastics. Risk and reward need to be balanced. Choose the appropriate size and turning your edge as often as necessary to achieve your goal
The best market strategy at the moment is working with a respected investment coach. I've been in touch with a coach for a time now, I don't have the breadth of knowledge or mental fortitude to handle current persistent market circumstances. There will be difficult times ahead, and prudent personal money management will be crucial to surviving them. Finding financial advisors who can assist you shape your portfolio, would be a really creative option
@@oscarjiron6974 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
Nilton Alce thats exactly the fallacy. You can only become rich long-term if you provide a good or service people want. If you do a good job und make profits. An analogy to eating makes no sense, if he has fun looking for undervalued businesses so bet it.
@@niltonalce5577, perhaps you missed the entire message of what Warren Buffett said. The question is do managers/business owners love money, or their business. He also specifically said that they have plenty of people working for them that do not need to work because they have enough money. Why is this inspirational you ask! Because you can love what you do so much that you can obtain monetary wealth. If you're always chasing the money doing something you don't enjoy, there's a good chance you won't make as much as you could if you loved it. Have you ever tipped a waiter or waitress that is grumpy? Someone with enthusiasm gets the best tips (money).
@@Lenny1337i if you believe that is the only way to become rich then you are very narrow minded and this conversation will go nowhere. Buffet doesn't even provide a service, he buys companies that does
Loving business is probably the reason most people start a business. I don't know if it's true regarding people who simply choose to get hired or buy a business. I started my business in 1979. A LOT of people helped me. My experience was that most people LIKE to help people. There is a huge spirit of cooperation among business people; customers, suppliers, competitors, employees, and owners. I'm now retired but I miss the daily contact.
I have a newer business and have found it to be the exact opposite. Life is so expensive a regular job was never gonna pay the bills. I had to start a business to earn more and get tax write offs. I rarely get help and most people don't return your email unless you're a top client. However, it hasn't been all bad and I have learned a lot of new things. I think many people have side businesses that they get into purely for money. The internet has changed things a lot.
@@Teamshmo Everyone's experience won't be the same, that's for sure, and different parts of the country can be very different. We did business in a California coastal town of about 40,000 people. Our customer base was other businesses, doctors, professionals, and we didn't require customers to fill out credit applications. Looking back I doubt that we lost more than $100 a year to bad debts.
That's true of most CEOs who started the business and grew it large enough to attract attention from Buffett. It's not so true of CEOs hired from the outside, who just want to milk the company for big bonuses and cash out with their golden parachute after a few years. The company wasn't their vision; it's just another money-making opportunity.
The philosophy is find people willing to sell their soul working for someone else, and take their labor, and money. Someone smart will keep running the business alone, and reap the rewards of their hard work.
"is to avoid anything that diminishes their love of the business" My current employer has done a fantastic job at doing that to me. Started off learning incredibly technical aspects of my job that weren't required from ANYONE in the business just because I loved the industry (telecoms). Management being bone idle and lazy has lead me to just coast until I'm in a position to start my own business as a competitor to them.
I have been in the rental business for 30 years. People ask me "How do you find good tenants?" When you eliminate ALL of the bad ones only the good ones are left.
Exactly. From time to time, I look at my investments and get rid of the bad ones. Take that money and allocate it to the known good ones and look for new stocks to buy. Over time, I should get rid of the majority of the bad businesses. Ofc someone will respond saying that I should have done research first but even the best makes mistakes eh?
Was in the rental business from 1993-2006. Didn't leave the game because I had trouble finding paying tenants. I can vouch for the filter Gmail pointed out.
Pure Vulcan logic. But why is it so hard to find being put in practice? Maybe it IS what Warren is saying. If you are just getting a paycheck then you just take the first would-be tenant who comes through the door. And then get the fallout. Or maybe somebody else in the company gets it. If you like the job then you bother to check and avoid the bad ones like the plague. And trouble is avoided all around.
Everyone wants good tenants and good tenants won't fill your units unless you're a good landlord. Watching this video of Buffet and reading your comment there is a huge difference.
Holy crap. This video is a perfect example of catering to viewers with zero attention span while making it extremely annoying to those who don't need constant visual stimulation. The numerous business vignettes are unnecessary & distracting to those of us with eyes, ears and brains. Ditto for the captions. Is it really impossible for most people today to simply watch a discussion with 2 guys at a table for just 4 minutes without all the added distractions? What was school like for these people? Must've been hell (for them & their teachers).
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.
As a beginner who don't understand how Btcoin trade really works and you really want to make profits from it. I will advise you to first start working with a profesional trader
he is the best and his strategies works like magic. I've been making over 300% of my investment weekly since I started investing with his trading services.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life.
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
In my humble opinion. I have worked for many companies over the years. Large and small. What I noticed is that the best managers, excelled at planning. They had everything scheduled, with contingencies for errors and omissions. The worst ones could not organize a birthday party for a child. No matter how they planned it…… disaster! And here let me say that this is one of those things in life that cannot be taught, but rather caught, by being mentored by someone who has mastered it.
I'm amazed at how many people in managerment - from first level supervisor to CEO - have absolutely zero clue about the big picture. It's a nightmare to work for anyone like that
He would also go up to his employees and ask them to "whip it out" and if it was over 4 inches he knew he had a winner. Women ruined the workplace facts!
it's kinda scary if their next logical conclusion is: "We can afford to pay the passionate person less, and if they complain we will convince them that it's bad to care about money at all". Hopefully such a strategy isn't viable long-term.
I was asked by a company what I was looking for in a company and what I would bring to it. My answer? "Waking up every morning looking forward to the work I do as if going to a family reunion, doing it all my life and maintaining that happy family." The position I applied for was a senior electronics salesman position. I was hired and within six months I was running the company.
Of course people who are already rich and still work "love the business." They've already made it. So, your goal should be to basically build for yourself a situation where you can afford to not work.
for a long time I couldnt fully understand this and had money very long as a motivator, but this comes as a side joy when you had nothing as a kid and grew up with not much oppurtinities and so many things you never had.. once you reach the point you actually dont need more money to life you start to see things completly different and switch to a job that makes you happy even when you wouldnt get paid at all. so I particulary degraded myself from business owner to a part time software engineer.. and look at that, the freedom you get back is priceless 2 things to look at.. - would he/she do the job without payment at all - would they make sure that the employees are happy and paid before the ceo gets anything if these 2 conditions met.. you have a win
He would also go up to his employees and ask them to "whip it out" and if it was over 4 inches he knew he had a winner. Women ruined the workplace facts!
As someone who has an MBA, I loved that remark! Very overrated piece of paper. The best thing that came of those studies was an understanding of why business is the way it is. Even the instructors seemed incredulous at times at what they were required to teach. After getting that piece of paper and a 25 year career of seeing those "theories" put in practice, I'm glad there are people in their position who recognize what a crock most of the MBA teachings are.
I feel this to be so true in life, loving what you do never feels like a job but a privilege to do. Working out at a gym for me is so much fun, having a physically demanding job for me is fun. I’m sure mentally demanding jobs for some people is the same, it’s goal driven, satisfying, self worth fulfilling. Getting paid to have fun
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimise risks and maximise profits, generating around $3 million in three years with my advisor, Stacey Lee Decker.
There are many independent advisors to consider, but I personally work with Stacey Lee Decker, who I find to be outstanding. If she meets your criteria, I wholeheartedly recommend her.
I can understand that hiring on this level requires a very in depth dive into a person's motivation and qualifications. When a company hires to fill in a slot like a warehouse worker like Amazon, there filling a slot realizing that their turnaround is quite high. Not to demean the job itself, but it's more of a transition job. Some jobs have no potential to move up the proverbial food chain.
As kinda the main man on the floor of a very small warehouse..... ground pickers are just any university student or soccer mom. I have seen Afghans with coke bottle glasses, native black women, anyone. You get a COMPETENT forklift driver and they move up SLIGHTLY, you get a competent reach fork driver and they're higher. You're like me who has computer skills, drives both types of forklifts, crane, truck, can organise people, and speaks 3 languages, THEN you start to get traction. Most people EVEN GIVEN THE OPPORTUNITY actually DON'T WANT TO LEARN something new. They just want to do what they can already do AND NOTHING MORE and then complain about not getting higher up....
The largest mistake a company makes is not having a concern if the person they employ actually enjoys what they do. Before that individual is hired, that must be the #1 reason they are applying, not because of money. Sadly, most companies do not invest in their employees well enough and that's when morale suffers and businesses fail. Is Warren hiring? I can relate to that mentality. :)
That’s why Min wage shouldn’t exist because when you put a Minimum wage big Corporations like Walmart Amazon now know you have a little more to spend which causes inflation.
that's not what causes inflation. Inflation is caused by pumping trillions of dollars into circulation, and thus devaluing the dollar, which causes everything to be more expensive.
I feel like ”people should only be allowed to get jobs that they enjoy” is a take that is so far removed from reality that I worry about your psycological health.
I imagine his legacy would be much better if he were the opposite of what he is IE FOX BEWS reporting the real news and the real truth from the middle not their propaganda from the hard right
There is no difference. It’s just a different personality type. I have what people would deem as a successful career. I don’t hate my job but I’d much rather be sitting on a boat fishing on a given random day.
The ideal situation is to make good money doing what you love to do. Or you can say I love what I do and make good money as well. I think this is what Warren and Charlie are talking about. The real wealth is not just the money and the benefits of having money. Loving the business, the work you do, the people you work with, the customers you serve are all part of it. If you're disconnected from all of that and are just about the money, what's the point of investors capitalizing your enterprise?
Well said. I frequently tell younger folk about my experience as a "what not to do." In my teens, I listened to the well meaning folk who kept saying "You're very smart! Go into computers! That's where the money is going to be!" In short, I had a 25 year career in I.T. that basically spent me. For the past 4 years, I've been unable to work and my wife and I are living off my IRA from the company I worked the longest for ... what was supposed to be our retirement. I'm unable to get disability because the doctors can't seem to diagnose it. All of the obvious guesses like depression have been ruled out. Nothing has been ruled in. I'm basically so fatigued at all times that even simple tasks wear me out. Just "sucking it up and trying harder" isn't the issue either (people who know me know if it were that simple the problem would have been resolved by now). One of my favorite things in my teens was the volunteer work I did on a ranch. I would have never been rich off of ranching, but I would have enjoyed it and would probably be healthier now. No way I cant lift a bale of hay or bag of feed now.
in my view it's not make good money doing what you love to do. it's make money doing what you are willing to do for long hours every day. you might not necessarily like the job, but if you can do it every day without burning yourself out, then that's good enough. it's better that what you love isn't your job, because that the quickest way to fall out of love with what you love. work is work, fun is fun, having a distinct barrier between both is a good start to build a work/life balance and a healthier life; and a healthier life can positively affect your works.
If you pursue what you're passionate about, and assuming there is a sustainable business model to support it (sorry artists, musicians, pro athletes, writers, etc) then the money will follow
He would also go up to his employees and ask them to "whip it out" and if it was over 4 inches he knew he had a winner. Women ruined the workplace facts!
There are many second or third generation businesses. These people didn't choose to own a company, they have grown into it by heritage. Often, these people have other dreams for their lives than working as the CEO and they are glad to turn the company ownership into a pure financial asset without larger personal involvement. The good news is: it works just fine when you find the right external CEO who will want to lead the company on the long run and demonstrates high personal integrity and involvement.
11 месяцев назад
Personally, I hate those people. Either you are with the company at every step of the way, or you shouldn’t be there to collect the profits other people are slaving away for. That’s greedy as fuck.. “Hey, you guys do all the work so I can sit on my ass in a vila with big cars and an indoor swimming pool” That money deserves to be distributed over the workforce, not to end up in the pockets of someone who doesn’t do anything for the company anymore.
I see a serious problem in applying the standards that Warren and Charlie are talking about in this video. If we use such filters as integrity, intelligence, experience, and dedication, all of the publicly elected officials should be fired, as they are completely devoid of any of those attributes.
They're right that money is actually a poor motivation for anyone who wants to lead and grow a business, but for millions who simply don't have the financial wherewithal to get out of the jams they're in, it IS a powerful motivation to work at a job they don't like. I think our culture would work better if all businesses saw employees as potential partners, not workers -- and paid them accordingly or offered shares -- I have worked for bosses who treat me like I'm a valued partner and I've enjoyed coming to work. But when I'm treated as just a disposable employee -- and reminded that I'm one -- I basically bide my time till I can move on. I've worked as a janitor scrubbing toilets but liked it simply because my boss made the job fun, took pride in my work and enjoyed the physicall challenges. And I've worked in a law firm at a desk doing patent applications and was utterly miserable because the lawyers made no effort to really train me for my positon -- I quit as soon as I had saved enough money to move on. For me a great boss who believes in me as an equal can literally make the difference between me staying or leaving. But a good wage helps!
Sounds like you weren't qualified to work at a law firm to begin with. What did you put in to all of what you complained about? From your comment, you expected them to train you 100% OJT. That's never been the way the world works, so get over it.
In particular this is the issue with how we approach education reform. The best way to keep the good teachers isn't simply more money. We have to get rid of those staff (whatever their role) that are making things miserable for everyone. That will ultimately go farther. If we can make the work environment more pleasant, other things will follow, like more teachers leading to better student/teacher ratios. But frankly, right now whatever the pay, jerks ruin it for everyone and can't be gotten rid of. The good ones move on when they can (except the amazing ones). The bad ones stay because they become too sour to stay hired at any job that has the option to fire them.
This is absolutely true, after 24 years of Naval service, which I loved and didn't want to leave. But decided to go into the private sector to maintain stable hrs more often at home. At first, working at a major telecommunication in the field was great. Good physically and different every day. But after 18 years, I was beginning to ask why I was here. Didn't need the money, and management became unbearable. It was all about quotas, not quality of work. I would be sent to others low standard work or a botched up subcontract work to correct and bring their work up to code. I asked management why not hold everyone at the same high standard that is expected. Management response, just quit if you don't like it. Now I live as if every day is Saturday. Management was right, and quitting did improve my quality of life and more time with my wife and grandkids. My previous co-workers do not look forward to going to work as before. What changed? Mangers that do not know the field job or trust the actual seasoned and experienced field workers.
You sound like me in terms of wondering why standards arent higher in the companies I've dealt with or worked in, and that's been a wide variety of industries. What I came to realise is that 9/10 businesses/business interactions will be subpar. You want something done properly you do it yourself, or you guide the individual you're dealing with. Leave it to them passively and people just don't have the commitment, listening intelligence, or training to perform conscientiously. If a strong ethos isn't truly forged from the top down, not just lip service mantras, then businesses will never have a chance of achieving high standards. The problem is cost. Bringing in change management and process analysts is one possible step and even that is one step too far for most. Management building their own brick walls due to comfort and not being challenged. But this is also why only some companies soar and the others canter. Good leadership..it's hard to come by.
Yup. I quit because of DEI vs merit. They were bringing in new hires who were there simply because of their skin color or sexual preference. We went from a blind society to a preference for perversion. They could not do the job, but would sue if let go. Insanity.
Has anyone actually researched how Berkshire Hathaway acquires businesses and what they do after they get them. I did my Thesis on “Ethical concerns associated with large corporations and how they can be managed”. I chose BH, Walmart, McDonald’s, etc to include in my paper. Let’s just say when either one of them used the word Ethical I fell off my chair. I mean seriously how can you compete let alone dominate in a sector full of unethical greedy sharks unless you’re more unethical and a bigger shark.
Actually, a sector full of unethical greedy sharks can be a fantastic opportunity because by not being unethical and greedy, you can win tons of customers.
Just in my dealings with people, they reveal what matters to them - if you've got experience with people, you can figure out what their interest is. Like if they are really happy to tell you how many millions they made in a deal, that's one type of person. Or if they are proud to let you know how they negotiated with the other side and smoothed out the problems and came around to an agreement - well, that's a person who is involved in the business and that's his priority. I have never before listened to Warren Buffett - he is such a straight talker, honest, principled, can be trusted. No wonder he's so admired.
These two are in the business of money not people. There needs to be a balance in a company. They aren’t pushing real product. It’s finance, pushing money around. It’s a fallacy snd we are seeing now that our economy has been falsely propped up by the stock market.
I find that these big business just don't have enough "representatives" when as a customer you try to reach them for a technical problem such as those who supply cable, satellite, phone or internet services as if profit is more important than customer service.
I call it clinical eye. When you're in a line of work for decades, you will easily see or distinguish a person by how he carries himself and how he speaks.
Wtf I respect how hard it takes to earn money... n the time I loved a workplace was cuz of the coworkers not the actual job roll, it didn't even matter that I worked before I clocked in or ass was walking out.
Anyone can love something when they don't need it/have reached managerial heights/depths by suppressing others! That is called "choice!" Some of us work for a living, not a loving!
This is why we need our senior citizens more than ever. I wish todays society could see the value of keeping seniors in the work force instead of forcing them to retire as early as possible to make way for younger less experienced talent. Learning from decades of experience and observation from highly intelligent yet down to earth gentlemen is priceless.
👏BRAVO Mr. Buffett, is a man of integrity. Worth 95x what the Angry Mango "claims" to be worth yet you never hear of him shortchanging people as Angry Mango did to contractors working on his properties, Mr. Buffett has not filed for bankruptcy to get out of debt, and Mr. Buffett has never bankrupt a casino
The ones that "love money" are the entrepreneurs, the ones that"love the business" are the employees. Simple as that. I never did well with a boss looking over my shoulder, now after all these years I realize I was an entrepreneur and overqualified for most positions I worked in.
I find it somewhat difficult to believe that true integrity is important to y'all. But alas you gave yourself away at the end when you said people give themselves away. They sure do!
If you discover someone who doesn’t care about money & doesn’t love their business, its not they’re a lost cause. They’re loaded potential that hasn’t discovered their passion. When they do, they’re a threat to competition.
RO: if he knows business, make a lot money 🤑💰 why did teach everybody to do the se? He is selfish... for America. He loves only make billions f or his family and he fire manager?! He follow his friend,uMunger dvice! Sometimes not agree with him....
Something about the underlying motive, the real underlying motive, why someone wants the job or the business. You got to search deep down in their hearts. Is it for money or to try to support themselves or is it because they enjoy doing whatever it is, say like a hobby? I can’t explain it very well but Warren Buffett in the video has the right idea. You doing something because you have to, it is shear drudgery. You don’t mind working longer hours if it is something you enjoy. I am very good at building trails and working in the woods but it has to be work of a volunteer nature such as building trails on my own property if I have one. Certain conditions have to be met or I don’t want it. If I have to build the trail according to certain specifications and all that kind of stuff, I say “no thanks”.
no one loves their business. They may have passions and love that. But business and work is for money. That's it. I'm a musician and I'd love to own a music store. But only if it pays the bills and grows
I guess the point they are tying to make is: imagine you had that music store, and imagine someone drops $100bn in your lap, would you still be going into that music store the next day?
For all who got lost somewhere on the explanation, he picks ppl who have a love for their business. Not love for the money at the takeover. He picks these people because they will commit to assisting during the transition phase to make sure that the business and all the staff are successfully transitioned. Owners who only love the money dont care about their people and wont commit to seeing it through and since Warren doesn't get in hiring management he is dependent on the owner being there for them to help. As to the Intuition he wasn't able to say how he knows who loves money vs love their employees and customers he just knows.
Accept people for who they are and align their roles with who they are. The past few years one thing Ive noticed is that people were burning themselves out to get over a particular hurdle will start giving signs they dont have the drive to push an enterprise forward any longer. wish them well on their next adventure and send them on their way. Biggest mistake I think happens time and time again is management trying to keep someone who is ready to leave.
Don't want to criticise the gentlemen, I think they have a lot of experience and wisdom. Still, call me "too European" but when I heard 1:32 "there are people who work despite them having no financial need to do so" , I winced internally. If somebody earns so much they eventually have no need to earn more, something is going wrong with the way wealth is distributed. In a : "the rich get richer, the poor get poorer" kind of way. Sure some people are born talented and they have all the right to be successful, but what about others who were born unlucky? Maybe having a mother who kept smoking while pregnant, effecting the infant's brain development? You leave them behind, keeping most the money to the rich? "Oh, sorry you got unlucky. But no public support for you. You are not talented enough." (The statement written in quotation marks is of sarcastic nature. This does not reflect what I really think) (Here follows another sarcastic statement, readers beware): "Taxes? I'm too rich to pay any, leave the heavy lifting to the poor. I mean they already have little money, what difference does it make if they have less?" (This is sarcastic, too): "The American dream is to fulfill your potential, competition is important to filter out the less successful people. Not everyone can be a winner, you know?" "Public funding for mental health recovery? Nooooo, it can't be that bad. All you need to do is work harder and smarter. See Rich there? He fulfilled his dream of becoming an actor, all thanks to working hard *nods benevolently*" (Rich starts to develop some very self-destructive behaviour out of stress and pressure, refused to see an expert because he doesn't believe in health insurance) "Well, what people do for their art." Just saying that the implications of this video does not sound too ideal.
Most times, we tend to love the money than the business. Truly, it's the business that brings in the money but there's no point loving the business when it's not bringing in money as it should. I won't be partial. The key thing is actually loving my business. If it's not turning up well, it's a call on my own end to improvise and look out for what works.
Mr. Buffet can say it out loud. I'm pretty sure that no matter what you say, you can't fake passion. If your words don't give you away, your eyes, your face, your tone of voice and tempo of speech and your entire body language will give you away.
Well here’s the thing money or compensation is the key motivator for working. Very rarely do you meet someone who loves the job more then the compensation, those people are called volunteers.
Not true. Met many excellent people who had great joy working at what they did. Problem is often these people are not paid well because employer typically senses this and knows he can underpay they will stay regardless.
Good to hear the best of the best are still relying on intuition to make important business decisions. There’s so much data and analytics to pull from these days.
He would also go up to his employees and ask them to "whip it out" and if it was over 4 inches he knew he had a winner. Women ruined the workplace facts!
Funny, I always felt that sitting at a desk isn't work. Unless it involves physical labor its not very difficult. Then I became a teacher and I was physically exhausted my first day. Brain power usage can be physically taxing. However , mental work can bec recovered from in hours whereas physical work takes years or decades or more to recover from. There are lazy people in every profession. Quality work will get you far in white collar work but in physical labor jobs, its much easier to fall in between the cracks bc your too productive to promote.
Love this insight from Warren Buffett and Charlie Munger! 🙌 Integrity, intelligence, and energy are such powerful filters when it comes to selecting both people and stocks. Integrity especially stands out-without it, the rest doesn’t matter. A great reminder that success is built on a foundation of trust and values.
BH romanced me and my manufacturing business and wanted in for a very pretty penny. They said they wanted me to manage it for 5 years. There are two choices here. Sell, make nice coin, and now have to report to people who know little about my industry and my crew or don't sell and keep the business I love and still make nice coin for the next 5 years. I declined their offer.....a great decision for me. When I'm ready to sell I very much doubt I'll want to be a part of it. They make it seem like the ones that leave after 6 months to a year are lazy with no integrity. Maybe they, like me, don't want to answer to anyone from some HQ from the other coast.
summary, you need enough experience to know who are passionate about the business they are in and who just want to make as much money as possible (at the expense of their business vision and mission).
You want to build legacy, but you don't always know where to start...well here's a starting point that will help with that: Always hire or surround yourself, your business with people who love the business more than the money. The money is going to come, but my filter used in this process is "would you still want to do this if money wasn't involved...?" I respect both yes and no answers, but I lean towards including those in my business who love the business, who love their reasons for waking up every morning and coming to a place of business, and not only enjoying what they do, but understanding why they enjoy doing it. That's healthy business, healthy relationships, healthy growth, healthy development... and healthy wealth. I believe this is the a starting point to a path of a healthy legacy.
So it ISN'T money that drives capitalists to get up in the morning, create jobs, and employ hard workers?? 😛 Love this. Reminds me of my grandma. First, "It's pretty simple, you've got INTEGRITY." ❤
