Posted by Russell Johnson
Warren Buffett recently celebrated his 50th anniversary as CEO of Berkshire Hathaway, the world’s fifth-largest public company with over 300,000 employees and annual revenue of around US$200 billion.
Forty thousand shareholders attended the 2015 annual meeting, held at a stadium. Who would doubt that guiding this mega-company is challenging – or that it’s a great adventure for Buffett and his Vice-Chairman, Charlie Munger? Are they up to it? Apparently so – the company has racked up average annual growth of a stunning 19.7% over Buffett’s 50 years at the helm.
At the time of writing this, Buffett is 84 years old. And what about Munger? Oh not all that different. He is 91. Might it be reasonable to speculate that the stimulation and sense of relevance they gain from their work are what is enabling them both to perform at this level?
Moral 1: Look for this kind of leadership.
Moral 2: If you want to stay energized and interested, ensure you have a stimulating career!