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If you’re like me, in my search to find the right coach, I dream about enlisting someone at the top of their field – the Stedman Graham or Steve Jobs of our profession. Conventional wisdom suggests that if you want to get good at something, you need to learn from the best. But does this always hold true?



Warren Buffett, Bill Gates are posing for a picture


© Dimitrios Kambouris | Getty Images


This week I visited with management expert Roger Connors, perhaps most known as the best-selling co-author of The Oz Principle and several other workplace accountability books. Most recently he’s heading up a new organization called Zero to Ten and his newest book, Get a Coach | Be a Coach, will be available soon.

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We talked about the unexplored magic in mentoring – or being mentored – with individuals just one or two levels above or below us in a particular realm. It may be

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U.S. Treasury Secretary Henry Paulson (L) shares a laugh with financier Warren Buffett, Chairman and CEO of Berkshire Hathaway, at the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007.

  • Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession.
  • The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed assets.
  • Paulson quickly gathered the bosses of the nation’s biggest banks and convinced them to accept billions of dollars in investment.
  • The Treasury demanded preferred stock paying chunky dividends, as well as stock warrants in return, emulating Buffett’s bailout of Goldman Sachs in September 2008.
  • Former President George W. Bush called it “probably the greatest financial bailout ever” and said it “probably saved a depression.”
  • Visit
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Warren Buffet spent a record $5.1 billion buying back shares of his Berkshire Hathaway Inc. in the second quarter.

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Berkshire Hathaway CEO Warren Buffett has done pretty well for himself and his shareholders throughout his career.

Buffett’s net worth has swelled to $80.5 billion as of this past weekend. This figure doesn’t factor in the $37 billion he’s donated to various charities over the past 14 years. 

The Oracle of Omaha has also created $400 billion in value for shareholders. In the past 55 years, the benchmark S&P 500 has gained 19,784%, inclusive of dividends paid, while Berkshire Hathaway stock is up 2,744,062%.

Dividends have played a key role in Buffett’s long-term success

Warren Buffett has always been excellent at identifying businesses with clear-cut and sustainable competitive advantages, and he’s benefited from holding onto these businesses for long periods of time. He’s also quite the fan of

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Warren Buffett.

  • The billionaire investor Dan Loeb quoted Warren Buffett favorably this week after blasting the Berkshire Hathaway boss as a hypocrite back in 2015.
  • “We highlight an observation from Warren Buffett: ‘Companies get the shareholders they deserve,'” the Third Point chief wrote in a letter to Disney CEO Bob Chapek.
  • Loeb called out Buffett in 2015 for criticizing hedge funds, activist investors, financial institutions, and tax minimizers, despite acting similar to them.
  • Loeb said at the time that Buffett “has a lot of wisdom” but that “we need to be aware of the disconnect between his wisdom and how he behaves.”
  • Visit Business Insider’s homepage for more stories.

The billionaire hedge-fund manager Dan Loeb quoted Warren Buffett in a letter this week calling for changes at Disney. The Third Point chief slammed the famed investor and Berkshire Hathaway CEO as a hypocrite back in 2015.

Loeb, whose

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Warren Buffett


  • Billionaire investor Dan Loeb quoted Warren Buffett this week after blasting the Berkshire Hathaway boss as a hypocrite in 2015.
  • “We highlight an observation from Warren Buffett: ‘Companies get the shareholders they deserve,'” the Third Point chief wrote in a letter to Disney CEO Bob Chapek.
  • Loeb called out Buffett in 2015 for criticizing hedge funds, activist investors, financial institutions, and tax minimizers, despite acting similarly to them.
  • Buffett “has a lot of wisdom, but I think we need to be aware of the disconnect between his wisdom and how he behaves,” Loeb said at the time.
  • Visit Business Insider’s homepage for more stories.

Billionaire hedge-fund manager Dan Loeb quoted Warren Buffett this week in a letter, calling for changes at Disney. The Third Point chief slammed the famed investor and Berkshire Hathaway CEO as a hypocrite in 2015.

Loeb, whose fund owned $613 million

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Warren Buffett wearing a suit and tie: Warren Buffett. Getty Images / Drew Angerer


© Getty Images / Drew Angerer
Warren Buffett. Getty Images / Drew Angerer

  • Pope Francis followed Warren Buffett in arguing that free markets can’t address growing inequality.
  • The pontiff said in a letter to the Catholic Church’s bishops over the weekend that “magic theories” such as trickle-down economics wouldn’t solve all society’s problems.
  • Buffett argued earlier this year that markets rewarded some skills but not others, exacerbating inequality in the absence of government intervention.
  • “It isn’t some diabolical plot or anything,” the billionaire investor told Yahoo Finance, adding, “It’s because of the market system.”
  • Visit Business Insider’s homepage for more stories.

Pope Francis echoed Warren Buffett in blaming unfettered capitalism for rising inequality in a letter to the Catholic Church’s bishops titled “Fratelli Tutti” over the weekend.

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“The marketplace, by itself, cannot resolve every problem, however much we are asked to believe this dogma of neoliberal faith,” the

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President Donald Trump and Warren Buffett.
  • President Donald Trump claimed in 2016 that Warren Buffett had used past business losses to lower his federal income-tax bill.
  • The billionaire investor responded that he had paid federal income taxes every year since 1944 and that charitable contributions and state income taxes accounted for the vast majority of his deductions.
  • Trump paid only $750 in federal income taxes in 2016 and 2017, and none in 10 of the previous 15 years, The New York Times reported this week.
  • The president used $916 million in losses to reduce his tax payments from 1995 to 2005, claimed and received a $73 million tax refund that remains under IRS audit, and deducted costs such as hairstyling as business expenses, the report said.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett may be feeling vindicated by the New York Times report

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What do retired soccer star David Beckham, chess grandmaster Magnus Carlsen and billionaire investor Warren Buffett have in common? Their expertise is being touted in marketing small initial public offerings in Europe.

Beckham-backed Guild Esports Plc said Tuesday it raised £20 million ($25.6 million) in a London listing, buoyed by the rising popularity of online games. The stock will start trading on Friday, one of at least five European IPOs in the gaming sector to take advantage of booming business from people staying indoors to curb the coronavirus outbreak.

 

The surge in interest also extends to traditional board games. World chess champion Carlsen is in the process of listing on Oslo’s Merkur Market Play Magnus, a platform for users to learn and develop their chess-playing skills. The company plans to raise 400 million kroner ($42 million).

 

In the case of Buffettology Smaller Companies Investment Trust Plc’s float, it’s famous namesake

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Nearly every hour of your waking life is now spent consuming stories. The Nielsen media consumption metrics for the first quarter of 2020 found American consumers now clock over 12 hours of media each day, a record high. Whether the media type be television, social media, podcasts or other apps, the one thing these vehicles for content have in common is that they tell stories.



Bill Gates, Warren Buffett are posing for a picture


© Spencer Platt | Getty Images


Stories capture and hold our attention, and with the attention economy only growing in size, storytelling is a wise messaging vehicle. The inscription on my bottle of mezcal tells a story. The imagery on pamphlets I receive in the mail tell a story. The bread I buy to make my toast each morning is made by former convicts to encourage job security post-incarceration — another story.

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Stories tap into our innate curiosity for human behavior. So when

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Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently purchased 5% stakes in five Japanese general trading firms, known as “sogo shosha.”

Jesper Koll, WisdomTree’s Japan Strategist, believes a number of considerations beyond the traditional inexpensive valuations and great cash flow motivated Buffett’s purchases:

  1. Sogo shosha can be a great inflation hedge. They are an integral part of global markets for commodities, both soft and hard. Shares typically track inflation, which is important as many investors are now looking for good inflation hedges.

  2. Sogo shosha are dominant venture capital firms in Japan. They see every deal. Buffett is buying one of the best filters for Japan and innovative Asian start-ups.

  3. There’s geo-strategic upside. As the technology cold war between U.S. and China intensifies, Japan is poised to become a big winner. Sogo shosha will be key dealmakers as global companies are forced to switch from Chinese suppliers to Japanese ones.

  4. Sogo shosha

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