The Warren Buffett Principals to Running a Business
The greatest long-term investor of our time has shared an unquantifiable amount of wisdom over the years. As a business owner, this particular advice has stuck with me.
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The greatest long-term investor of our time has shared an unquantifiable amount of wisdom over the years. His nuggets of wisdom shine through in every shareholder letter, each Berkshire Hathaway annual meeting, and every media appearance he ever appears on.
What makes Buffett particularly an inspiration to me is that because of his investment style in purchasing large equity positions in great companies, he almost always offers commentary relating to what he feels are the best, most sound practices in running a business. His passion and relentless search for the best of the best make his investments usually turn out to be very successful for Berkshire shareholders.
There are so many newsletters and books written about Buffett, but I wanted to share something that has always stuck with me over time.
I tweeted the below a few days ago, paraphrasing points he makes often:

Having company management operate with an “ownership” or “founder” mentality is tough, and perhaps unrealistic to a certain extent. No one, including Buffett, has said it is easy. However, if a business leader can get management across a company to buy into the three principals mentioned below, then it is hard to envision how such company wouldn’t be successful when playing the long game.
Long-term thinking is very hard to practice in a world that encourages, and almost forces, short-term thinking.
Thanks for reading. Until next time.
Scott
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His writing is unmatched. He stays focused on the simple, in a world of complex!