Warren Buffet, who was born in 1930, still works hard every day. There is no reason for an eighty six year old man to work in such a stressful environment of making or losing millions even billions of dollars after just one decision except he loves his job. It strongly encourages people not to chase something they don’t like; instead, they are told to make a career of which they are passionate. …show more content…
Buffett said, “Honesty is a very expensive gift. Don’t expect it from cheap people,” and, “I believe in getting things done through other people.” There is no doubt that he is a democratic leader where he is opened-minded to actively listen to, seek understanding with his employees and encourages them to voice their ideas as well as what they think. It is good that the employees know distributions are strongly valued, and outstanding ideas will come from there. This may firstly seem to be simple; however, it helps more than how it looks. Ms. Buffett tends to pick really good people for the jobs based on their ideas. He expects the followers to express their abilities so he will be able to find out the out standers. In this case, Mr. Buffett uses up the advantages of face to face communication and that is a buildup of trust between employees and leader. In addition, it helps talented people get themselves surrounded by the other good even better ones to learn from to …show more content…
The more powerful a person is, the higher chance he/she will possibly stay not honest if he/she makes a mistake. Warren Buffett chooses to be honest when it comes to a mistake no matter how big it is. He confessed, "I bought a company in the mid- '90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave away about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I 've made lots of dumb decisions. It 's part of the game." Mr. Buffett emphasized that he had made not just one and that they had been dumb decisions. He isn’t losing his face at all; instead, he created a picture of an honest leader who would willingly tell what is right what is wrong no matter