Buffett Case Study

INTRODUCTION Growing up, kids have high aspirations and believe that they can do anything. Often kids say they want to be a fireman, an astronaut, or other heroic jobs that they seem to be fascinated on. This though was not the case for Warren Buffett. From Buffett himself, he states:

There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don 't like because you think it will look good on your resume (Buffet, 2006, pg. 66).

Buffett did not want to be an astronaut or a fireman, he wanted to make money and from a young age, it was apparent that this was his goal. Buffett’s father was a stockbroker and

One of these qualities is having followers. No leader is successful without followers. In order for Buffett vison of being wealthy to become a reality, he needed people to see his vison with him. Buffett had to convince his followers what is possible if they see his vison. Therefore, in order to do this, Buffett had to build trust. According to Bennis (2009) there are four ingredients leaders have that generate and sustain trust: consistency, congruity, reliability, integrity (p. 152). One way that Buffett displays these aspects is through the letters that he writes to his shareholders at Berkshire Hathaway. In these letters, he discusses what happened during the year and what to expect in the future (Gad, 2014). By doing this, Buffett is staying connected with his stockholders and displays his credibility and integrity by making the effort to reach out to his shareholders. A person of his power and status, making the effort to reach out to his stockholders shows that he truly cares about them. By having stockholders on his side, he is able to make more investment opportunities and further not only his wealth, but the stockholders