Leadership Lessons from Warren Buffett

CEO of Berkshire Hathaway, Warren Buffett, is one of the wealthiest businessmen in the world and the most successful investors of all time. His extraordinary ability to speak makes him famous as the Oracle of Omaha. Let’s learn some new lessons from him.

Effective Communication

According to Warren Buffett, communicating effectively in life is enormously important. If you can’t speak and talk to other people properly, that means you fail to share your ideas and thoughts clearly. The main reason for his success is his explicit knowledge of business, which it is easy for him to communicate appropriately. But you may be surprised to learn that Buffett is feared of public speaking; that’s why he joined a course to overcome his fear.

Avoid micromanagement

Warren Buffett believed in finding true talent, hiring them, and allowing them the freedom to innovate and manage things in their own way. He firmly thinks that when managers trust them and permit them to act independently of him, they will work better because they will feel more empowered.

Transparency

Warren Buffett is honest, open, and transparent with his ideas and beliefs, which has earned him admiring views from many famous personalities. One of them is Bill Gates, who admires him due to his invaluable transparency even though it may not serve his interests.

Time management

If you can’t say no, you cannot be able to keep control of your time. Don’t allow others to set the agenda in your life. Moreover, learning to arrange the office area, their emails, and the time they pay online needs to manage effectively to bring out more work benefits.

Be ready to take risks

When he finds or feels any risk, he follows the basic principle that he prefers to avoid investment opportunities that carry high risk. Like well-known successful leaders, he continuously learns from his mistakes.