Billionaire billionaire and CEO of Berkshire Hathaway, Warren Buffett can look back on a long and, above all, successful business life. The 90-year-old businessman is one of the most important investors in the world, and in 2021 he was the sixth richest person in the world according to Forbes magazine with a fortune of $96 billion. During his life, he revealed some tips and tricks on how to make the leap in career.
invest in yourself
As reported by GQ, Warren Buffett gave particularly important advice for a successful career in an interview with Yahoo a few years ago: “By far the best investment you can make is in yourself,” confirms the entrepreneur’s interview. This means that investing in foreign affairs is not the only thing that can help your career take off. According to Buffett, one should invest time and money in oneself, constantly develop and improve oneself. Because in the end it depends on your qualifications and your will on how successful you are in working life.
Focus on the most important goals
Additionally, according to GQ, Buffett is trying to keep his focus on important areas of the company. Therefore, the investor and CEO of Berkshire Hathaway advises creating a to-do list of the top 25 goals and then consciously pursuing only the first five points. Anything else will neglect to focus on the main goals.
Fun is the key to success
In a speech at the University of Georgia, Buffett also encouraged students to follow their hearts: “In the business world, the most successful people are those who do what they love,” the entrepreneur asserts. According to Buffett, only those who approach work out of joy can also achieve great success – everything else will only lead to the end of their careers at some point. So money isn’t the focus here, having fun at work should be a top priority and will ultimately lead to happiness and success, according to Buffett.
surrounded by people you love
Above all, according to a successful entrepreneur, you should always work with people who are “better” than you: “Surround yourself with people who are better than you. [..] Their behavior will affect you,” the investor was quoted as saying in My Warren Buffett Bible, according to a Forbes report. Work with the people you love the most,” advises students at the University of Georgia. “So you can’t get a bad result.” Because you can learn the ideal qualities of inspiring people and apply them to your own life, Buffett adds. Learning from others – according to Buffett, this is a big step. towards success.
What many people find difficult is the ability to “say no” sometimes. According to Warren Buffett, this characteristic is absolutely in demand of investors, as the book asserts: “The difference between successful people and very successful people is that very successful people say ‘no’ to almost everything,” Berkshire Hathaway CEO wrote. This is where the 90-year-old founder speaks. As reported by Forbes magazine, Warren Buffett and his colleague Charles Munger have rejected far more shares than they bought in their careers. Because the more successful a person becomes, the more investment opportunities that emerge in the course of business life – but not all of them really provide added value. Therefore, you should set boundaries, seize important opportunities, and discard all other options.
Understand the motives
According to the lead investor, in the business world, one should always keep an eye on who one is dealing with and what motives this person: “Never ask a hairdresser if you need a haircut,” assures Buffett according to Forbes magazine. Because the hairdresser’s only intent is to sell this service. According to Forbes, Warren Buffett says that only if you know the goals of the person sitting in front of you can you correctly assess whether an agreement or a deal with this person is worthwhile.
Educate yourself constantly
According to Forbes, Warren Buffett also emphasizes the great importance of self-education, as also explained in his book: “I insist on spending a lot of time almost every day sitting and thinking,” he says. And according to the successful entrepreneur, there’s a very specific reason for this: While it’s unusual in American working life for you to read a lot, Buffett invests a lot of time in thinking and books, which means he acts less in the fly: “So I read and think more and take Less impulsive decisions than most entrepreneurs,” says the successful investor. Constant additional training of oneself – according to Buffett, this is an important key to success.
Pauline Breitner / Editor finanzen.ch