The famous investor at the head of the Berkshire Hathaway conglomerate, Warren Buffett, does not skimp on advice for the younger generation. Buffett in fact often talks to young people and when he does he does not shy away from telling anecdotes of his life from which to draw valuable lessons. When the chief executive of Berkshire Hathaway spoke to the college kids, he always said “Seek personal fulfillment rather than pure profit.” This means pursue a job that you really enjoy, in a place with talented people you actively admire, as he wrote in his annual letter to shareholders. Or, to put it another way, the Ohama Oracle advised: “Job seekers should seek employment in the field” which he would choose if he did not need the money. “
“Economic realities, I recognize, can interfere with this kind of research,” Buffett continued. “Even so, I urge students never to give up research, because when they find that kind of job, they won’t be workers anymore.”
Do what you like
The 91-year-old billionaire – currently the fifth richest person in the world, with a net worth of $ 114.7 billion, according to Forbes – speaks from personal experience. In his letter, Buffett wrote that he and his business partner Charlie Munger, vice president of Berkshire, both started as part-time workers at his grandfather’s grocery store in the early 1940s, with tedious and little tasks. paid. “Job satisfaction kept slipping away,” Buffett wrote, but that all changed when he found what [amava] do; to Berkshire, which Buffett bought in 1965, forcing the company’s former management to leave.
At the time, Berkshire was a struggling textile company. Today, it is an investment and holding company that owns or holds long-term stakes in companies such as Geico, Fruit of the Loom, American Express and Coca-Cola and boasts a market capitalization of $ 708.61 billion. Buffett’s wealth is largely due to Berkshire’s past decades of financial success, and in his letter, Buffett partially attributed that success to finding people he and Munger love to work with. “Turnover is on average, perhaps, one person per year,” Buffett wrote.