In this article you will know 3 lessons Bill Gates learned from Warren Buffett. Lessons that allowed Bill Gates to reach and maintain the #1 position of the richest for many years.
When successful businessmen and entrepreneurs are asked what is the best advice they can give to youth, the answer is almost always: “get a mentor”.
They know that when experience meets the innovation and inner fire of the new generations, the results can be amazing.
Relationships “mentor-student” that have been historical.
An unknown to many was the one owned by Steve Jobs (Apple) and Mark Zuckerberg (Facebook). When Jobs died, these were Zuckerberg’s words on his wall:
“Steve, thank you for being a mentor and a friend, thank you for showing me that what you built can change the world, I will miss you.”
Other relationships have been those of Ray Charles-Quincy Jones, Christian Dior-Yves St. Laurent; and today we are going to deal with one of the most important in the whole world.
Also read: 4 entrepreneurs who achieved success despite adversity.
When we think of successful people, Bill Gates is on the list, he is currently the second richest man in the world with a fortune of more than 96 billion dollars (May/2019) and his legacy with Microsoft has shaped everyone’s lives directly or indirectly. .
Being one of the greatest entrepreneurs in history, we tend to think that in a mentor-student relationship, he is the teacher; But this is not the case.
On several occasions, Bill Gates has stated that his dialogues with Warren Buffett, the third richest man in the world (82 billion in May/2019), founder and CEO of Berkshire Hathaway; they have been invaluable.
At present they are great friends, they share their taste for table tennis and philanthropy; to the point that Warren has donated to the Bill & Melinda Gates Foundation more than 2 billion dollars.
Here are 3 lessons Bill Gates learned from Warren Buffett.
3 Lessons Bill Gates Learned From Warren Buffett.
1. It’s not just about investing.
For Bill Gates it is to admire the way in which Warren looks at business. It is not for nothing that he is nicknamed the “oracle” and he has amassed a fortune of more than 80 billion dollars. Bill highlights the 7 strategies that Warren Buffett uses to invest.
Before investing, Warren Buffett focuses on the competitive advantage of the company and what it can achieve in the future. It is not carried away by the moment of the market; he surpasses it and takes advantage of its mistakes: undervalued companies.
2. Employees are the foundation.
Little by little, companies are understanding the importance of excellent treatment for their employees; as they begin to see how a happy employee is a more productive employee.
Also read: How to maintain the motivation of a work team.
“The Berkshire system maximizes the possibility of having very experienced people running the business, giving them autonomy and letting them do their own thing for decades…Even if they make mistakes, they know Warren has their back. This is how you can assemble an excellent team of workers, ”Bill Gates writes on his Blog.
3. Value time.
One of the things that Bill Gates most admires about Warren Buffett is the use of his time. Despite understanding that there are only 24 hours in a day and that money can’t buy time, Warren optimizes his day by being very careful with the things he schedules; but he has no qualms about taking care of the people he trusts.
Also read: How to take advantage of time and multiply it to your liking.
For Bill this is a great advantage, since Warren has been a great adviser since the beginning of the Bill & Melinda Gates Foundation.
“It turns out that the way Warren sees the world is just as useful for tackling hunger and disease as it is for building businesses,” says Bill.
Conclusion to the lessons Bill Gates learned from Warren Buffett.
If you learn to invest, treat your employees well and take care of your time; you are attacking vital flanks to have a stable life. That will allow you to be financially well, and have peace of mind and family stability, to enjoy what you earn.
We hope these teachings will also resonate in your life as they do in the life of Bill Gates 🙂
And remember, if you are really interested in creating your own business, you can read our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
