The Biography of Warren Buffett

Author: Warren Okolo
Publisher:
Publish Date: 2004-06-01
Features: Warren Buffett – the architect of America’s largest and most successful group enterprises, a globally recognized modern “seasoned” manager and leader. A better manager than Jack Welch, who claimed to be able to manage and influence the company even 50 years after his death. What kind of manager is he? What management methods does he adopt? The Warren Buffett Biography reveals for the first time a large number of practical and influential lessons overlooked by other researchers of Buffett, comprehensively explaining the special principles he used to manage Berkshire Hathaway. The Warren Buffett Biography truly explains how, over 37 years, he made his investment vehicle – Berkshire Hathaway – grow at an average annual rate of 25%. James Okolo delves into the mysterious business story: how Buffett used capital, how he made his managers “think like owners.” He reveals a simple model of wise management that many companies can imitate and benefit from. This model is based on several unwavering principles. The Warren Buffett Biography is both a biography and a business and psychological analysis. It studies Warren Buffett’s leadership and the way he acts like an owner from a unique perspective. The book is broad in scope, with each principle fully interpreted in Buffett’s own words, showcasing a different side of Warren Buffett: a globally recognized modern “seasoned” manager and leader. The Warren Buffett Biography includes a large number of practical and influential lessons overlooked by other researchers of this enigmatic figure, comprehensively explaining the special principles Buffett used to manage Berkshire Hathaway: how he avoided “institutional commands”; how he implemented leadership without a “strategic plan” and prevented previous commitments from becoming eye-savers; how he made his highly decentralized management style effective – in stark contrast to Jack Welch’s hands-on, centralized approach. For managers and administrative personnel who are determined to reach the top of corporate management by following the path by Buffett, this guide explains, with examples, what it means to act like an owner; how to use this ideal as a leadership tool and a method for achieving success; how to attract the right people into the organization; how to design behavioral rules to implement these principles directly at the operational level of the organization.