Warren Buffett as a leader is a self-made billionaire. He is a master at communicating and efficiently inspiring others to perform better in the business industry. Mr. Buffett has motivated more than 160 billionaires to give away at least half of their riches to assist the poor and encouraged a bid of 1 million dollars, so as to have lunch with him. Mr. Buffett teaches us very important leadership lessons to run a business such as going against the wind of the majority, facing challenges without fear and being humble.
Mr. Buffett adheres to his core values and is very cautious while investing his money. He went against many investors expectations when he spent heavily in the Washington Post. At this time the US was in significant financial trouble. Such an investment is a loss to many investors. Mr. Buffett went against all the odds to prove that he is an exceptional leader.
If the high investment failed, it would have caused a severe crisis of investors’ confidence and also a decline in his company Berkshire Hathaway. Mr. Buffett shares his failures openly and in public. The belief is a real sign of strength and leadership qualities. For example, he admitted to the decline of a textile mill that he had acquired earlier.
Despite the fact that the company is a small enterprise and under-performing he was willing to work and improve the situation.Mr. Buffett, therefore, states that, if you get into a failing business, always try your best to exit. Mr. Buffett, however, encourages you to venture into the business industry and attempt to make things better. Warren Buffett as a leader is a perfect example.
Mr. Buffett is a humble man. He was absent from the sector where people were making enormous wealth overnight stating that he does not have a clear understanding of the businesses. Mr. Warren says that it is not advisable to invest in a business you do not have a grasp of its previous trends. He takes his time to collect information and weigh an enterprise before he invests in it. What a leader!