The Life of Warren Buffet Research Assignment Paper - 825 Words

The Life of Warren Buffet Research Assignment Paper (Essay Sample) Content: The Life of Warren BuffetNameInstitutionThe Life of Warren BuffetWarren Buffet is among the richest and the shrewdest investors of all time. He is famously referred to as the Oracle of Omaha ("Warren Buffett", 2015). He is known to advocate for hard work and consistency in order to be successful rather than being talented. With as much as Warren Buffet is considered wealthy, he this has not put him out of touch with humanity and he is a great philanthropist who has started various charities to help the poor and needy people within the society ("Warren Buffett", 2015). From his interview with Bill George, we get to understand the early life of Warren buffet as a stockbroker (George, Sims, Gergen, 2013). His job entailed networking with potential clients and thereafter selling them some shares. We come to understand that this job did not quite interest him due to the fact that it involved enticing customers to purchase shares that would not be of much value to their li ves. Buffet felt that this line of work derogated his inherent values that required him to uphold honesty. His policy to date is putting the interest of the customers first and that is why he left his work as a stock broker to work at Benjamin Graham's firm.It is true to say that Warren Buffet found his sweet spot while working as a stockbroker. A Sweet spot is an intersection where the things that one undertakes to do things they are good at and things they enjoy and get monetary or financial benefit from them. Buffet's sweet spot revolved around ensuring that his work promoted the interests of his customers. The stock brokerage failed to do this since it involved false representation and enticing customers on frivolous assertions. As soon as Buffet found his sweet spot he decided to leave the stock brokerage to work for Benjamin Graham.Grahams firm provided Buffet with a platform where he could realize his sweet spot. It was evident that Buffet enjoyed the work he was doing at his new firm which was concerned with evaluating the value of stocks and various companies. After this evaluation was done, they would undertake to acquire the low-priced stocks or companies that they felt would be feasible for business ("Warren Buffett", 2015). During the interview with Bill George, Buffet professed his admiration for Graham as an individual (George, Sims, Gergen, 2013). Warren Buffet also highlighted that by the time Graham closed his firm, he had acquired the necessary skills and knowledge to finally start his own company (George, Sims, Gergen, 2013).Buffets sweet spot impacted on the lives of various stakeholders within the business environment. The first category of persons that are affected are the customers. His sweet spot is enshrined in values of honesty and integrity. These ensure that the interests of the customers are placed before the inherent interest of any business which is to realize profits. This ensures that businesses do not engage with the sole p urpose of making money but rather with the desire to improve the lives and welfare of the customers who either utilize the business products or services.The second category of people who are affected by Buffet's sweet spot are his business associates and potential partners. He often seeks to understand the motivating factor of his potential partners and associates. In the event that a potential partner is motivated by the love for money, he rescinds the partnership for a person who is interested in the love for the business (George, Sims, Gergen, 2013).The third category of people who are affected the employees who work for his companies. Buffet ensures that he creates strong bonds with the people who are mandated with taking care of his businesses and he is always transparent in his undertakings with his employees. He often exercises the laissez-faire leadership style while going about his role as the owner of the companies. This leadership style encourages autonomy among...