Warren Buffet is one of the most significant minded business person and among the wealthiest investor in the world, making him an Oracle of Omaha. What makes him stand out is his character to stick to whatever he believes and his values even when everyone is against them. Warren accredits his success to his mentor Benjamin Graham, who input analytical skills and investment philosophy into him.
Leadership involves doing the right things at the right time and the right place. Warren has to make his way through as a leader, even if had been prepared by Benjamin. His ability to make precise corrections when times are hard has made him take his company, Berkshire Hathaway from almost being declared bankrupt to being one of the respected an renown names in investing and insurance. From all these hardships, Warren has revealed several leadership qualities that entrepreneurs and leaders can learn and apply to their lives.
When it comes to handling risk, you can either choose to study what you need to do, be a gambler or a risk taker. Carefully build on your reputation, it takes years to make it, but it will all go away within seconds. Always be loyal to your servants, they will take you to greater heights.
Have a good company, always associate yourself with people who are much better than you. Still moving forward, stop referring to your past as this will stagger you at one place. Mistakes are always there to happen; the stumbles are chances to teach and warn you against repeating the same in future. Within you, you should when to quit, let the stubbornness go when it’s necessary to ditch the business. Not every idea is worth saving.
These qualities are building from decades of success, failure, and experience. You should have a grasp of the wisdom from the Oracle of Omaha.