The main thing that Warren Buffett is known for is, unsurprisingly, investing. His track record with investing is simply incredibly stellar and earned him the title of “Oracle of Omaha” for his uncanny skill at knowing which companies will succeed and which will not. However, one thing that Buffett also does exceptionally well is management.
Berkshire Hathaway has one of the most interesting management styles around. The conglomerate, which owns more than 60 distinct companies, is gigantic and employs some 300,000 people. But, despite that, the Berkshire Hathaway headquarters has a staff of less than 30 people. It doesn’t engage in micromanaging, but rather empowers its leaders to do what they do best. Buffett is, in short, a great manager and CEO.
Recently, I stumbled across a fantastic article that focuses on what Warren Buffett believes to be the top 10 integral things every CEO must learn in order to be successful. The first point, and arguably the one that a majority of CEOs tend to have trouble with is that a CEO must be ready to have cameras pointed and hard questions thrown at them at any point in time.
Buffett, who spends more time talking to reporters and interviewers than basically any CEO alive, has perfected this technique and always comes off as cool, collected, and genuine. He wasn’t always comfortable speaking in public, but obviously this skill has really paid off.
The original author of the article actually sums all of this up very well in the article:
“If you’re like most of us, you’ve been too busy to train for the podium, and if you also happen to be the CEO, no one in the company is going to say you need help, trust me. In fact, you’ll get a lot of, “you were great, boss” comments that only delude you into thinking you are camera ready. You would benefit, as Buffett did, from some professional coaching on how you are coming across — or not.”
Of course, there’s way more to a CEO than simply being personable and good at public speaking. Interested in reading the rest of the list? You can read the full article here. I also highly recommend the book The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers if you’re interested in learning more about Buffett’s leadership style.