Warren + Bill & Melinda = Huge Possibilities
I just finished watching the Warren Buffet press conference where he answered questions about his commitment to the Bill & Melinda Gates foundation. This announcement along with Bill’s recent announcement about stepping down from Microsoft means we might just see some radical change in some serious issues. What I really liked is how Warren gets it. When asked why he didn’t just set up his own foundation and give directly to what is important to him, he said that he would not be able to put the time and effort into it that Bill & Melinda will, he is already good at investing and enjoys it, and he would be more accepting of their mistakes than his own. How’s that for honesty?
Warren realizes that he can only be good at so many things, that there are others that are better at some things. He also sees that people make mistakes. That’s part of the process. If you want to make an impact, you have to take risks. Making mistakes is just the price you pay for success.
In addition Warren made it clear that he respects and trusts Bill & Melinda. Partnering with people you trust just makes sense. Also, if you are partnered with people you trust, the mistakes make more sense.
Gotta give it to all of them. They seem to have success in balance with the rest of their lives.
[...] I read this last night and didn’t think much of it. But as I was thinking this morning I wondered, why do so many people put so much effort into sports? Sure there are a few that can make it big time. But if we put our efforts into business and building things, what’s the potential there? Well I posted eariler on Warren Buffet and Bill & Melinda Gates. What sport did they play? They passionately pursued their dreams on the business field and either one of them could buy everyone on this top 50 sports list and still be amongst the wealthiest people in the world. So instead of looking for a shortcut to wealth and fame, learn from Warren, do what you are passionate about. The rest will take care of itself. [...]
July 29th, 2006 | #