Warren Buffett – How He is Different

For the latest Warren Buffett, go to WarrenBuffettNews.com – Unlike a lot of executives, Buffett is very rational about expectations. He distinguishes between outcome and the decision making process. You can make a good decision but come out with a bad outcome. You could also make a bad decision and come out a hero. Warren Buffett is excellent at decoupling these two. Buffett has said that he wants his son to remain at the company after his death in order to preserve the culture. The key aspects of the culture is to have independently operating units and a lack of bureaucracy. Each businesses should be run in a way that is best for the long term interests of that particular company. Ajit Jain doesn’t want to work for any other company in his life.

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