Bill Gates and Warren Buffett shared their best business decisions in a 1998 panel discussion.
Laura Hermes

2017-11-13 07:42:00 Mon ET

Top 2 wealthiest men Bill Gates and Warren Buffett shared their best business decisions in a 1998 panel discussion with students at the University of Washing-ton Business School. Buffett said his investment business Berkshire Hathaway was the best career because he enjoys what he does. He said it is important to take a big swing when extraordinary investment opportunities emerge. Alluding to his own experiences as a stock market investor, Buffett noted the need for a typical investor to act quickly when these great investment opportunities arise because "there is no time to be reading a book on the modern portfolio theory of diversification". Buffett further explained that when one finds a company or a business idea within his or her own circle of competence, the price is right, the people are right, then the investor should barrel in. 

For Gates, his best business decision was to go into partnership with Microsoft co-founder Paul Allen. Gates explained the importance of working with a person who "shares our vision, earns our trust, and complements us with a different set of skills". Buffett concurred and regarded his long-time reliable business partner Charlie Munger as his best friend with sound expert judgement. For Gates and Buffett, friendship and clairvoyance are the backbone of their business success.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
Apple enters a multi-year content partnership with Oprah Winfrey to provide new original online video and TV programs.
Daisy Harvey

2018-06-10 19:41:00 Sunday ET

Apple enters a multi-year content partnership with Oprah Winfrey to provide new original online video and TV programs.

Apple enters a multi-year content partnership with Oprah Winfrey to provide new original online video and TV programs in direct competition with Netflix, Am

+See More
White House economic advisor Gary Cohn resigns due to his opposition to President Trump's protectionist tariff stance.
Peter Prince

2018-03-02 12:34:00 Friday ET

White House economic advisor Gary Cohn resigns due to his opposition to President Trump's protectionist tariff stance.

White House top economic advisor Gary Cohn resigns due to his opposition to President Trump's recent protectionist decision on steel and aluminum tariff

+See More
Business leaders often think from a systemic perspective, share bold visions, build great teams, and learn new business models.
Becky Berkman

2020-08-05 08:33:00 Wednesday ET

Business leaders often think from a systemic perspective, share bold visions, build great teams, and learn new business models.

Business leaders often think from a systemic perspective, share bold visions, build great teams, and learn new business models. Peter Senge (2006) &nb

+See More
Facebook faces a major data breach by Cambridge Analytica that has harvested information from 50 million Facebook users.
Amy Hamilton

2018-03-17 09:35:00 Saturday ET

Facebook faces a major data breach by Cambridge Analytica that has harvested information from 50 million Facebook users.

Facebook faces a major data breach by Cambridge Analytica that has harvested private information from more than 50 million Facebook users. In a Facebook pos

+See More
What are the primary pros and cons of free trade or fair trade in the current Sino-American quagmire?
Jonah Whanau

2018-05-02 06:32:00 Wednesday ET

What are the primary pros and cons of free trade or fair trade in the current Sino-American quagmire?

What are the primary pros and cons of free trade or fair trade in the current Sino-American quagmire? Free trade means allowing goods and services to move a

+See More
President Trump applies an increasingly bellicose stance toward the Iranian leader Hassan Rouhani.
Jacob Miramar

2018-08-09 16:36:00 Thursday ET

President Trump applies an increasingly bellicose stance toward the Iranian leader Hassan Rouhani.

President Trump applies an increasingly bellicose stance toward the Iranian leader Hassan Rouhani as he rejects a global agreement to curb Iran's nuclea

+See More