Warren Buffett explains how he filters out people in business.
The question goes: “You obviously have filters that you apply on selecting people as you do on stocks. Can you tell us a little bit about what those filters are?”
From Berkshire Hathaway Annual Shareholders Meeting. (1998)
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
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“Why I Fire People Every Day” – Warren Buffett
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26 Comments
This means that if they love the business, you'll have money left over.
These super wealthy people are exploiting the natural world. These, and not poor immigrants, illegal or otherwise, are the ordinary people's real enemy.
integrity from a corporation? Don’t make me laugh! When it comes to the red lines the only thing that matters to these people is profit.
We need everyone to be honest in order for things to go smoothly
HI
In the first meeting, Warren Buffett evaluates a business owner's integrity by paying close attention to a few key things:
1. *Motivation for Selling**: He asks *why they want to sell. If the owner talks about preserving the company’s culture, employees, and long-term success—not just cashing out—it’s a good sign.
2. **How They Talk About the Business**: He listens to whether they speak with pride, care, and deep understanding, rather than just focusing on financials.
3. **Consistency and Transparency**: Buffett values people who are open, honest, and consistent in their words. If they’re upfront about challenges, he trusts them more.
4. **Reputation and Track Record**: He often already knows their background and reputation in the industry before the meeting.
Buffett famously says he looks for people who are *"high-grade"*—which means intelligent, energetic, and above all, ethical.
Love Charlie Munger. Warren and Charlie said that they only buy companies that an idiot can run. He said that nine times out of ten an idiot does!
I agree with Charlie at the end, "be deeply suspicious if the proposition is too good to be true". This also applies to this video.
The pot calling the kettle black.
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Hey Warren, there is no intrinsic value in Bitcoin. No government backs it other than perhaps Nicaragua. So what’s the attraction? BTW integrity, intelligence, dedication doesn’t exist in our president elect. No business acumen and a record of past failures. God help us.
Folks who love the business has a vision a goal that they want to achieve! They are excited about the possibilities. Often this blinds them from the financial side of things and they may not necessary be the best managers. They love the business and prospect and money is not the primary consideration as they already satisfied with their basic money needs.
“Love of the business”…. Yeah, millionaires aren’t looking for people who love the business.
What sort of gaslighting is this?
This was the biggest bunch of nothing I ever heard in my life. Anyone who gave a thumbs up is braindead. Buffet sounded like a rambling fool.
I bought a few hundred USDT from a friend, and he gave me a string of code e95295df4634a8e08e2a505b89339757ccebc4ea5e87b567140dc9aa09530f83. What does it mean? How do I transfer it to OKX?
People have to care about what they’re doing
I get knowing their priorities, but you need to know if that’s always been the case or just altered to impress others later on? Their history of business and private behavior is a huge indicator of they’re moral compass..
I believe these two people are very good at self awareness and observational analysis.
Corporate double-talk. I didn't expect anything more. Thanks, Warren, for confirming 100% that you're FOS.
I was on the receiving end of a MORAL decision of a company this man bought. Ruined! my retirement goal.
Buffet worships money
Nothing of substance said here
Thumbs down to this looser for misrepresenting the content with klickbait.
Word salad.
Stopped watching after Buffett said that they worked harder than 95% of people in the world. I'm betting thay've never done any hard graft in their lives.
Video to show multi-culti utopia and give no answers. What they do hint: They propose the CEOs a shitty pay instead of millions or hundreds of millions, and accept only those businesses whose CEOs take the offer.