At the end of the year, Warren Buffett, one of the greatest investors and billionaires of our time, gives advice to young people to multiply their value and be more attractive on the job market. He shares the tip that allowed him to succeed in his professional life.
Who is Warren Buffet?
Warren Buffett was born in 1930 in Ohama, he studied economics at Columbia University. At the end of his academic career, he returned to his hometown and launched his first investment fund. His activities are very successful and his personal fortune continues to grow.
In 1962, he invested in the textile company Berkshire Hathaway. Three years later, he took control of this company which subsequently became the parent company of his activities. In 1985, he abandoned his textile business.
Warren Buffet’s investment strategy consists of investing in undervalued companies and generating long-term gains. He chooses companies whose business he knows perfectly, displaying solid financial results, regular profitability and a sustainable business.
Despite his immense fortune, Warren Buffet has not changed his lifestyle and still maintains his very particular habits. He still lives in the same house he bought for $31,500 in 1957.
Upon his death, he plans to devote 99% of his fortune to associations, notably the Bill & Melinda Gates Foundation. His grandchildren will be entitled to a tiny part of his fortune. He once announced: “We should give our children what they need to do what they want, but not enough to keep them idle. » Without further ado, let’s discover this very valuable advice!
Improve your speaking and writing skills
Warren Buffet explains in a video posted on LinkedIn that the only way to increase your value by at least 50% is to refine your communication and writing skills. The video in question was posted by Michael Hood, co-founder of the start-up Voiceflow. Hood asks Buffett: “What advice would you give to young people aged 21-22, who have just finished their studies? » To this question, Warren Buffet answers: “Invest in yourself.”
While still young, Buffett took a public speaking course at Dale Carnegie, the professional skills training and development organization. He admits in a BBC video, published in 2009, that he was terrified of public speaking when he was at high school and university.
“If you can’t communicate, it’s like winking at a girl in the dark, nothing happens. You can have unparalleled intelligence, but you must be able to transmit it. And transmission is communication“, continues Warren Buffett, who is now worth more than $86 billion, according to Forbes.
Billionaire entrepreneur Richard Branson confirms Warren Buffet’s words and assures that the ability to communicate effectively is essential to success. “Today, if you want to succeed as an entrepreneur, you also need to be a storyteller. LStorytelling is useless if your product or idea doesn’t hold water. But it’s not enough to create a good product, you also need to know how to make it known to people,” he concludes.
