Business partner as a skeptic: The story of the success of Warren Buffett and Charlie Manger
Today I will share with you the story of the success story of the partnerships between Warren Buffett and Charlie Manger.
Warren Buffett and Charlie Munger had a strong, intellectual connection for most of their life.
Manger is the greatest skeptic of Buffett's ambitious ideas, treating them in one of three ways:
"This is a stupid idea,
"This is one of the most stupid ideas I've ever heard"
Or "You're out of your mind."
Their company Berkshire Hathaway was built on Buffett's solutions to the Manger reaction. They used this criticism to decide whether they need to promote this or that idea further, or whether it is worth letting it go.
Sometimes Buffett can push the idea forward, even if Manger does not agree with this. But in such cases, Manger is also committed to this idea, since he is committed to Buffett as a partner.
Munger also taught Buffett many important lessons: he is the one who introduced Buffett and the others in their company with the acquisition of a strong and reliable strategy,
As a result of which Berkshire Hathaway buys successful companies and holds their shares for a long time.
There is no competition between Buffett and Munger. Despite Manger's strong personality and the fact that he is dominant in most of his roles outside Berkshire Hathaway,
He is happy to work as number two in the company with Buffett.
And it's not just about humility;
Manger sincerely believes that Buffett is the best in what he does. According to his children, Manger is a real "walking encyclopedia" due to his rich knowledge, but Buffett is the one,
Who can turn this knowledge into action.
This couple complements each other, and they also have a great time together. They are best friends and are treated with deep respect for each other, and although they think in this way, each of them brings their talent and skills to this partnership. Manger openly states, That Buffett is a more capable boss;
He knows that envy is counterproductive.
Thus, if you really want to build a successful company, I advise you to pay special attention to the choice of a business partner.
Only by developing a quality partnership, you can achieve great victories.
Progress in business
Your business consultant @dizhmurbiz