Laws Recast
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I’m not a Buffettologist but this book might have become my first step towards that path. I particularly enjoyed No. 47: In looking for someone to hire, you look for three qualities: integrity, intelligence, and energy. But the most important is integrity, because if they don’t have that, the other two qualities, intelligence and energy, are going to kill you. Feels very the one-ish to me. |
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8 Responses to “The Tao of Warren Buffet”
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Great quote. I was JUST talking about this yesterday with my business partner and what kind of people we need to hire next. To me, being a part of a team where you know the other members have your back is the most important thing - and doing tasks with people you love is up there as well. I could shovel banana peels all day if it was with cool people I trusted. Thx for sharing the quote - it’s going in my book of favorites.
Drucker had similar advice in The Practice of Management back in 1950.
If I remember his reasoning correctly it was that integrity, is one of the only things that a person can’t change over the course of a job. Lack of specific skills or knowledge can be fixed, but bad integrity can’t be fixed in the short term, and a person like that will spread negativity throughout your organization.
Cc: Coldfeet Investigators
The textual entry above this comment may be interpretted as normative in unskilled/low level double talk.
Overrepresentation of numbers in the 47-48 range, is a good indication of 2006-2007 participation in the illegal activities under investigation.
Subject has rather good grasp on his involvement, but freely and overtly incriminates himself, while still engaging in criminal behavior. May be due to an illusion of ‘overprotection’ brought about by quoting powerful celebrities.
Coldfeed, a message that doubles as command, where the obvious is the meaningful.
Stephen Covey also has a similar if more reductive insight. His formulation is trust = ability + character.
You can’t trust an able person who lacks integrity, but you also can’t trust a good person who lacks ability.
Good one and really makes lot sense and motivates
I’ve always believed that integrity is the key to everlasting success. Having integrity enables you to honestly grow the business, whether is belongs to you or not. Nothing can ever come back on you, based on setting unrealistic expectations with your clients. I’ve worked with others who had no integrity, and initially they seemed to move forward rather fast, but most often were shot down by their own lack of integrity. It all comes back to the turtle and the hare…
I agree with Mitch. We have hired people who show these types of traits, only to find out that they had great interview skills. I generally end up hiring good people now, not their skills but who they are as people. I can usually tell their personalities in a few short minutes. Nice people get hired at or business.