Decoding Warren Buffett: Personality Style, Traits, Qualities & More

Warren Buffett is known as one of the richest men in the world, his assets are worth more than the US
$86.6 billion as recorded in 2019.

Well, the main source of his income is Berkshire Hathaway which is a conglomerate holding company.
It’s located in Omaha, Nebraska.

He is an American business magnate, philanthropist, and investor. The businessman started h by selling
newspapers when he was 11 years old. Now he is 90 years old with no intention of retiring.

His philosophy of value in investments influenced investors across the world. Also, he is knowns as the
most successful investor of the 20th century.

Even though he is one of the richest men, he pledged to donate 99% of his wealth to charity.

Well, the new entrepreneurs can learn a lot from them as he is the living template that using old school
techniques sometimes works too.

Personality Style Of Warren Buffett You Should Know

There are some things that make Warren Buffet different from others. His professional work is well
known by others, however, there is his personality style you should be learning about too –

Frugality
Well is synonymous with restraint, but there is a complex meaning. It’s a capacity that restrains you
from being impulsive to do things that might easy or too alluring for you.

Warren is a collector, not a stamp or coin but a money collector. He treasured his collection similar to
anyone who treasures their objects, but having the frugality towards not spending it helps him in
accumulated into more.

Conscience
The conscience in humans are structured about how you judge yourself related to your success and
failure

Well, Churchill says that success is when you go from failure to failure but don’t lose your enthusiasm.
Buffett has similar kind of concerned which help him in taking decision better.

Also, it helps in recovering from mistakes and doing the things that are right. With this, he can live with
the mistakes that he made.

Cutting Your Coat

Well, the idiom has its deep meaning which means pertaining to the inner resources. It also means to
embrace the parameters that you have with your resource instead of looking for receding the limits.
However, it does not defeat instruction that diminishes the potential you have. But it’s accepting reality
and trusting the resources instead of relying on outer elements.

This gives you much more confidence and sticking with what you know.

Thinking Independently
According to Buffett, the public opinion holds no substitute for thought. A large part of thinking and
success goes to his ability to think undependable.

He’s one of those people who doesn’t let his thoughts swayed by anyone else though regardless of who
they are and how much power they hold.

Leadership Traits That You Should Learn From Warren Buffett

Warren Buffett might be the most successful investor In history, apart from being the richest man, he
has different leadership traits that helped him in becoming what he is right now.

Well, the treats include:

Believe In Fundamental Values

Where the financing world often gets driven by greed and fear, Warren always believed in the
fundamental values and stuck with them until the end.

He stands firm with his values, saying that investing in stocks is similar to investing in business directly. If
the business can get profitable in long run, then the stock will do the same

However, in the age of new technology, there are different theories. But even then it’s important to
have the fundamental leadership principle of discipline, character, and vision,

The new theories can come and go but the government leadership will last for a longer time.

Live Simply
Even though he is a billionaire, Warren lives his life with simplicity. In his house, he only has one
telephone and for work, he uses cycles.

The reasons behind this, many the leader get distracted when they start possessing a lot of materialistic
things in their life. I get too much that the motivation behind their business starts to get clouded.

Give Back To Society & Community

Buffett commented that he will donate 99% of his wealth to the Gates Foundation.

He doesn’t believe in spending all his wealth, instead his objective is to acclimate it which is admirable.

The leader can impact big in the society he lives in, it can be a positive and successful change that can
make the leadership stronger.

Open And Effective Communication

He is a firm believer that leaders should always have clear thoughts that they can present non-technical
ways among their peers.
He takes this very seriously as open communication brings more opportunities to the businessman. You
Get more people and connect well with them which also makes your vision more distributed among the
people.

It’s important to have effective communication and an open approach so the people can directly come
to you.

Lessons That New Entrepreneur Should Take From Warren Buffett

Warren Buffett is an inspiring and motivational personality. Anyone who wants to be successful in their
life can learn a lot of lessons from him.

Even when he turned 84 years old, he commented that he is having more fun than he ever had. The
reason was his love for the work. For him, it was getting better and better.

Well to the new entrepreneurs who just started or looking for an approach that can lead him to success
like Warren Buffett, here are some of the important lessons you should know.

Love Your Work

As Warren Buffet said, there will be a time when you ought to start what you like to, you take the job
that you love. It will make you jump out of the bed every morning.

Taking a job that you don’t like is something you shouldn’t do. It will just look good on a resume but as
time goes, the desire to work will slow down.

When you listen to his interviews, Warren seems like a perfect example of someone who is passionate
about what he does.

According to him, any job that doesn’t make you feel enthusiastic about it, it’s not worth even thinking
about.

Take Wise Selection Of Business Associates

Warren says that it’s better to be around someone who is better than you. So when you pick the
business associate, make sure you are doing it wisely.

Always choose who has better behavior than you. When you surround yourself with such people, you
naturally drift in their direction.

Warren was able to find the people who were successful and talented, using basic networking skills.

He kept a connection with them, and to get inspiration from their success. When you hang out with
people who are mediocre, you never get the inspiration of doing something greater and better.

Learn The Effective Communication

Communication is important in life, you might be able to do it when you are in school. However you are
not able to communicate well in business, it will end any changes you have to grow and potential.
Warren wrote about the importance of communication in his shareholder letter in Berkshire Hathaway
Inc.

You will get the nontechnical language, clarity of thoughts, and message that Warren does without using
much jargon.

Also, there is a huge role played in his success due to his innate knowledge.

However, Warren Buffet had terrible public speaking fear, and to get rid of that he had to enroll in
different classes.

So when you look for effective communication, it’s important to make sure that it’s easy and simple to
understand. No matter what you write, even if it’s a memo, the language should always be easy to
understand.

Don’t Do Micro Managing

Warren says hiring is important to do it well, but managing should always be little.

He believes that a great leader should always focus on spotting great talent and hiring them.

But let them get on whatever they require to, he never did the interfere and empower them by
providing the independent feeling.

Focus On Transparency As It’s Appreciated

There are lots of reasons why Bill Gates admires Warren. And one of the reasons is his sensitivity
towards the taxation-like issue. Warren is transparent even when it comes to this.

Well, the businessman says that transparency is something that always gets appreciation. And it pays off
handsomely regardless of which field you are interested in.

Employees are tired of getting surprises from their supervisors. And on top of that, the demand for
delivering the truth is also growing.

So for business ist better to keep the transparency as it built the trust and people feel more at ease to
do the business with them.

Manage Time Wisely

It’s important for the businessman to value their time. Also, manage the time, and it can’t happen until
you start saying no. Warren says that you can’t let other people setting the agenda of your life.

The billionaire believes to have the time for serendipity. He showed his diary which was remarkably
empty when he was having lunch with Guy Spier. Well, he was the one who prepared an amount of
$650,000 to pay for lunch with Warren Buffet.

However, the money was given to the charity.

Warren explained that time management gives him the freedom of spending the time in the ways that
he wants to do it. Also, he learned how to say so no when it was needed.
The leaders can manage the time more effectively, organize your office space, online, and emails to get
more time in hand.

Be Ready For Risks

Buffet says that risks are important, however, he followed the basic principles when he looked at the
rosy factors.

Well, he avoids doing any kind of investment opportunities that bring catastrophe risks. He focused on
investing in deals where the probability high and risks are lowered.

Also, he wants that entrepreneurs should learn from their mistakes, as he did. Buffett made some of the
major costly errors when he did investments with US Airways, Energy Future Holding, and
ConocoPhillips or COP.

But to become a successful leader, it’s important to learn from the mistakes and use them for making
better decisions in the future.

Those who avoid failures are not successful leaders.

Buffett comments that he made a lot of mistakes and will do more in the future. Mistakes are part of the
game, it’s just important to make sure that when things go wrong, the outcomes are the right ones.

Treat Equally
The investor says that nobody should be left behind. And to become a good leader, it’s important to
treat everyone equally. Also, favoritism should be avoided at all costs.

Buffet’s golden rule says that the leader should reach out to competent and silent workers.

It’s important that your employee or team members feel equally treated. For this, you are going to need
better communication and an open environment where approaching you is easy for them.

What Reasons Behind Warren Buffet That Made Him Successful?

Well to know what made Warren Buffett so successful that his name is virtually synonymous with the
success of Wall Street.

Not just is he a great businessman but one of the most popular investors that has a lot of things that
make him expectation.

However, here are some of the reasons that played a crucial role in his success.

Buffet maintained narrow research focus on that industry where he had most of the knowledge.
He values proven the businesses who were brand-named over high reading potential. He bets on time
tested business with tight competitions
He has a trustworthy team that is a must-have for investment purposes. He values the team of highly
competent and trustworthy teams to grow its bsuiness.
He invested in dividend stock which plays a huge role in his success.
Buffett does one of the most powerful things in investment which is doing nothing. he let the
investment play out and let the compounding work do its magic.
He has surrounded himself with investors who are competent and potential.