Saturday, 14 November 2015

WARREN EDWARD BUFFETT : OBSERVANT



Observant can be defined by quick to notice things. An observant will pay close attention to the details. He also can be very sensitive to the environment and people around him. An entrepreneurship really need to be highly insightful of customers’ needs. An entrepreneur may relate to individuals who identify various needs and requirements of a customer market that remain unfulfilled. Once identified, the entrepreneurs take the initiative to set up a business with the rudimentary objective to deploy the business machinery towards the fulfilment of identified consumer needs in order to generate optimum profits for themselves.

By being an observant business leader, we can be more in tune to what employees and customers need. To be a successful entrepreneur, it should be observe first before speak. On the other hand, extroverted entrepreneur and leader, they often speak before thinking, and tend to disregard their counterparts or people who work beneath them. As advance in career, entrepreneurs should hold to this observant trait that will help in fixing problems, brainstorming and leading employees.

Warren Edward Buffett is an American business magnate, investor and philanthropist. He is the most successful investor of the 20th century. Warren Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway.

Warren Buffett is paying close attention to details and really think to the bottom before make any decision. He built a stock portfolio value at more than $45 million by betting on company long term such as Coca-Cola, which based on his observation to have competitive advantage and enduring brand popularity.

Besides that, Warren Buffett is also a good analyst when he decided to avoided buying stock in new social media companies such as Facebook and Google because it is hard to estimate future value. He also stated that initial public offering (IPO) of stock are almost always bad investments. Investors should be looking to companies that will have good value in ten years. This means Buffet was think all the consequences and impact of the trading before select the best company to invest. 

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