Warren Buffett's Leadership Style

Meghan McCain, daughter of former presidential candidate and Senator John McCain stated, “This is the worst election ever” (Hensch 1). Alan Abramowitz a PhD and a political scientist at Emory University says, “A lot of voters are angry. Very angry” (1). Polls of Americans show that an upward of sixty-two percent of citizens think that the country is on the wrong track. People are mad at the political system. They want to see major change. The voters are tired of hearing a new candidate preach from his pulpit about lower taxes, budget cuts, and change; but at the end of their term, nothing has really happened. All of these new candidates are making “bold claims” about things that could never really happen. Bernie Sanders wants free college for …show more content…
Mr. Buffett is a self-made leader that has payed out in the long run. “When discussing the qualities of a great leader, it’s impossible to exclude Warren Buffett… the most successful investor of the 20th century… built a dynasty based on strong fundamental skills... the perfect example of patient and methodical leadership style. Buffett 's career is built on gathering information about how to motivate, inspire and respect his employees and management team” (Carrow 1). Warren Buffett always tells up and coming CEOs or business leaders to, “Hire well, manage little”(1). Mr. Buffett believes that a leader needs to spot and hire great talent; because if a manager hires a group of people that have no idea what to do, than they are just hurting the company. He also believes that a leader needs to let his associates decides things for themselves and be independant (Locke 1). A leader needs to be able to own up to any errors they made, “Fessing up to mistakes isn’t a problem for Warren Buffett and his longtime partner Charlie Munger. The two are more than willing to acknowledge their errors, and that’s a great lesson for investors” (Campbell 1). Buffett admits one of his biggest mistakes was buying 301,046,076 shares of Tesco, a European supermarket chain, that amounted to a loss of over seven hundred million dollars; however in the wake of this major loss, he does not dwell on past mistakes (Locke 1). Because of his ability to keep his eyes above the waves, Warren Buffett now makes more than that deficit of seven hundred million dollars every three weeks. One of the most important traits for a leader is that they treat everyone equally and they do not look down on anyone, “Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better” (Campbell 1). Warren Buffett recognises