Charlie Munger

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…

significance of Ivy League Universities. I hope it is a beginning to something that will open many doors in your life and help you be a successful being. This is to end off with a quote by a former Harvard student, and a current day billionaire, Charlie Munger, who once said, “ You’re not going to get very far in life based on what you already know. You’re going to advance in life by what you’re going to learn after you leave…

Abstract We compare general corporate governance principles, guidelines and existing legislation relative to business, specifically in the financial industry, with Mr. Warren Buffett's corporate governance principles and applications in his company, Berkshire Hathaway. Then we consider best practices about leadership succession and compare them with the approach at Berkshire Hathaway. Business succession of Mr. Buffett being an important issue to which a clear path has not been presented…