Warren Buffett’s Business Sense Is Just Plain Common Sense

At 87, Warren Buffett is among the wealthiest people in history and is a standout in the world of philanthropy, having donated billions of dollars and pledged to give away at least half his fortune. For decades, Buffett has been regarded as history’s best stock-picker. The per-share market value of Berkshire has increased since 1964 by 2.4 million per cent, compared with a little over 15,000 per cent for the S&P 500 during that period. And here are some Buffett management basics: 1: Don’t risk what you have and need in order to obtain what you don’t need. 2: Companies undertaking a cost-cutting program don’t often knows what costs are all about. 3: Managers of tightly run operations usually continues to find additional methods to curtail costs, even when his costs are already well below those of his competitors. 4: Buy only companies with tremendous customer loyalty. 5: Go into business only with people whom you like, trust and admire . You’ll never succeeded in making a good deal with a bad person. Or, more succinctly: “If you were a jerk before, you’ll be a bigger jerk with a billion dollars.”

(Source: David Olive, Toronto Star; Image: pinterest.com)

Posted in Annoucer Blogs, Jeff, News Tagged with: , ,

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