Legendary investor Warren Buffett, chief executive at Berkshire Hathaway, has earned a reputation not just for his shrewd financial sense but also his talent for constructing great leadership teams. As the years have passed, he’s given insight into what it is that he looks for in hiring a leader. It’s pretty simple really: two qualities define leadership, and Warren Buffett always looks for integrity and passion.
1. Integrity: The Basis of Leadership
According to Buffett, integrity is the most important attribute of a leader. He once said, “In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don’t have the first, the other two will kill you.” Integrity guarantees that leaders are ethical and trustworthy, which is fundamental in any organization. The smartest or most energetic person without integrity can drive a company off course.
2. Passion: The Force to Sustain Success
Buffett believes passion is fundamental to sustaining leadership. Leaders, who are passionately in love with what they do, can inspire their team and propagate a culture of enthusiasm and dedication. Passionate leaders may stay motivated at times even during the difficult times while leading to sustainability. There is no greater example to this than the passion Mr. Buffett had for his investment and mentorship right up to the age of 90 years.
Why These Traits Matter
Together, integrity and passion create a powerful combination. Leaders with these traits not only deliver results but also foster environments where employees thrive. Buffett’s hiring philosophy highlights that skills can be taught, but character and drive must be inherent.
Conclusion
Warren Buffett’s secrets to hiring great leaders are integrity and passion. These are timeless principles, which will ensure that the leaders achieve business goals while also leaving a legacy of trust and inspiration. Organisations adopting the approach of Buffett will be able to build teams that thrive under ethical and motivated leadership.
