thought this book was very insightful, It included some things that I've always felt should be qualities in not just a manager but in anyone in business.
I have been a witness to the other side of what is taught here for many years, There are many great nuggets of information in this book and I would definitely read it again, When this book the audiobook started, the relatively monotonous voice of Mary Buffett raised my sense of alarm, Oh no, I thought. This is going to be absolutely terrible, Happily, I was wrong. I persevered with it past the first chapter and actually really got into the swing of it,
Mary Buffett's title Warren Buffett's Management Secrets is a lovely introduction to the philosophies of, and lessons learned by, Warren Buffett.
Populated by a whole lot of teeny little chapters, the book whizzes through finding managers, managing managers, paying managers, managing your company, managing yourself, and a whole lot of other things.
It was fascinating, end to end, Fascinating, and to the point, with not one ounce of bullshit to be found, Of greater import to me personally was hearing of the influence of a bunch of other key people with great things to say people to whom Warren Buffett would go when he needs advice.
It was also interesting to learn about the people whom Buffett has studied, The great Dale Carnegie comes up here, But I would also bet my bottom dollar that Buffett has been a student of works such as Wallace D.
Wattle's The Science of Being Great,
Having read this book in two days seriously, it would come in at an hour's duration, at most, my mission is now to go and find one of Buffett's remarkable managers and have a conversation.
And in the interim, to read a bunch of Mary Buffett's other works,
Highly recommended for the company owners and startup types among you, my takeaway:
never fall in love with your investments
time is more valuable than money, if you ran out of money you can start over.
But if you run out of time there's no starting over,
leverage makes most of the businesses possible and profitable,
The best day to start saving for education for your children is the day they are born,
Plan and save for retirement, or it will be a very bad situation,
life gt love what you do,
business gt hire people who love what they do,
praise by name, criticize by category OR praise by name and then criticize like giving a suggestion,
to win an argument, first try not to have an argument
agree and listen to the other party and then engage them/discuss with them your side of the argument.
if you don't listen to them you cannot engage them/get their attention,
speak to the other person on the basis of their needs and wants,
encourage others to come up with the right idea
write in a board what they expect, and what you expect and agree upon it.
if possible take a snapshot and shareit
ask questions instead of giving orders, questions means tonnes of questions.
Old dogs know all the tricks
success in life outweighing mistakes, learn from mistakes and don't dwell in them.
surround with men who says NO when you are in managerial/high position leaders love to be loved and hence always want to say yes from the reportees.
learn from missed opportunities,ways we miss opportunities. was not in our horizon, we see the opportunity, but failed to take action
observe what successful business/person/ are doing right and what unsuccessful people/businesses are doing wrong.
move up in life, we are who we hangout with,
you are a business add your earning potential with education and experience, the more unique skill you have the more earning potential you have,
stay out of debt as much as possible,
Everyone makes mistakes, admit it quickly,
"Our prototype for occupational fervor is the Catholic tailor who used his small savings of many years to finance a pilgrimage to the Vatican.
When he returned, his parish
held a special meeting to get his firsthand account of the pope, 'Tell us,' said the eager faithful, 'just what sort of fellow is he' Our hero wasted no words: 'He's amedium.
'"
Twothirds of the book retells Dale Carnegie's ageold secrets to finding success in business and life through Warren Buffett's own applications in managing Berkshire Hathaway.
He doesn't shy away from crediting Carnegie, Greene, and other inspirations of his, of course, . and that doesn't diminish my review of the book whatsoever,
You won't find particularly hip, new fads or revelations for investing or managing people here, That's because good advice lasts the test of time, Warren stands on the shoulders of giants and it's worth it to follow suit and listen to his words of wisdom.
"Some old dogs know all the tricks, " WB I received this book as a gift from someone but it didn't attract me at first, Not long after, I read the page that stated Warren Buffet join a course by Dale Carnegie that change his life.
It instantly draws me in,
This book told a bit of everything that he had learned from that time on, And the way he manages to applied the techniques to his business as you have seems today,
You don't have to make yourself tired, to think of all the long tips you have to remember.
As it is safe to say that this book was written in a very understandable, yet short sentence, Way different from your high school textbook, Is it not a good thing The initial chapters are interesting, tells you underling principles of choosing good companies, It talks about what is a good manager amp how his or her performance should be rewarded, The end chapters are subtle , how you can win arguments or how you cant sustain not criticising are dealt loosely.
The book is a compilation of examples the authors tries to extract from the life of The Wizard of Omaha , Warren Buffet.
She tries to explain the mantras of managing business and our lives the way Warren Buffet has successfully achieved, The language is lucid and the book can be read in one seating, A few great insights in this audiobook especially regarding ideas on the different types of durable competitive advantages or “moats,” and what make businesses profitable in the longterm.
Not on the same level as Buffetts Essays, however, Much is also repeated from Dale Carnegies classic works in the middle, All in all, this just goes further to portray Buffett as the sweet billionaire grandpa, Read The Myth Of Capitalism to get a complete picture of what really makes his investment decisions tick hint theres more politics involved than youd think.
Buffetisms:
“We can tell more about how successful a manager is going to be by whether or not he / she had a lemonade stand as a child, than by where they went to college.
It is not so much how smart we are, as it is how obsessed we are, How much we love what we are doing, ”
“Managers who always promise to make the numbers will at some point be tempted to make up the numbers.
”
“Those who dwell on their mistakes waste an enormous amount of time amp energy that could be spent on developing new ways to make money and enjoy life.
” Listened to the audiobook.
I was unaware that Warren Buffett actually was a student of Dale Carnegie, This book is an excellent summary of How to win friends and influence people by Dale Carnegie, which, I feel, itself is a must read for everyone every few years.
. . Poor. The lionisation of Buffett in the blurb and intro WB continues to be successful in ALL ASPECTS OF HIS LIFE made a poor first impression, and thepage chapters that fill this slight volume are so touch and go it is quite hard to learn much from this book.
Quotes of note:
In Warren's world bonuses are paid according to how much the manager truly improves the underlying economics of the business, not how much the underlying economics enhances the perceived performance of the manager.
There is nothing that kills the ambitions of a person as much as criticism from superiors, I never criticise anyone. I believe in giving people incentive to work, So I am anxious to praise but loath to find fault, If I like anything, I am hearty in my appreciation and hearty in my praise,
Don't speak to peoples' conscience makes them feel guilty, avoid you, Speak to peoples' sense of greatness, Paint them a vision of what they can be,
Getting the other person to listen to you is the first step to winning any argument,
A direct order might work in the military, but in civilian life it can cause lingering bitterness that drags on performance.
Making suggestions by asking questions might turn out better,
Only in fairy tales are emperors told that they are naked, Hire an adviser and his job likely becomes to advise you to do what you wanted to do in the first place.
This book is a snapshot of quotes from Warren Buffett as well has some of the habits he has when it comes to business.
It's a good read for anyone in a leadership position or that has to deal with a surplus of people.
The main function of a book like this is to rid underperforming business executives, or aspirants to that status, of any extra income they might have in their pockets, for example at an airport terminal.
In this it succeeds.
The secondary function of a book like this is to teach learncapable men and women how to think better, act better, plan better, and get psyched up, momentarily or permanently, by following the model of an exemplary leader let's call it "emulative selfhelp".
Heeding advice, so they say, from a giant will make you able to become a giant yourself or, at least, learn to stand on the shoulders of the right ones.
Warren Buffett is certainly a good subject for such a book, Some tiny bit of his wisdom shines through here,
But it's too short, reeks of a cashin, and offers more feelgood anecdotes than solid advice, I wouldn't call the sophistic wisdom peddled here wisdom, or even practicable "rules of thumb" it's too ephemeral for that.
Unfortunately there's a market for these books, cashing in on some big name, If you see the book lying around at an airport terminal, read it but don't encourage them with your money.
Even if you give them all your money, you gain very little, I believe Mr. Buffett would call that a bad investment, Some of the best advice a stranger can give you, .
Get Warren Buffetts Management Secrets: Proven Tools For Personal And Business Success Conceived By Mary Buffett Hardcover
Mary Buffett