In his parting words as CEO last year, Oracle The Omaha native looks back on his eight-year career and shares a lesson for Gen Z starting their careers.
“Don’t worry too much about starting salary, and be very careful who you work for because you will develop habits in the people around you,” Buffett said. A warning to the next generation of workers during the his last Berkshire Hathaway Annual General Meeting. “There are some jobs you shouldn’t take.”
The 95-year-old hedge fund mogul has decades of experience to draw from; he has led the iconic $1 trillion holding company for more than 50 years as CEO and chairman. stepped down at At the beginning of this year as Greg Abel takes the reins.
But his career didn’t start at such a lucrative heights. Billionaire’s First job is for sale Deliver Coke bottles and newspapers door to door washington post Only 13 years old. After college, Buffett entered the corporate world, taking a job at his father’s brokerage firm, Buffett-Falk & Co., and as a securities analyst at Graham-Newman Corp.
Looking back, Buffett shared the importance of getting along well with the five bosses he worked for in his early years, and he advised young professionals to do the same as it can have a huge ripple effect on their careers and development.
“If you find someone who is great to work with, that’s where you should go,” Buffett continued. “Don’t expect that you’ll make every decision right, but your life will move in the general direction of the people you work with, who you admire, who become your friends.”
Buffett’s other career advice for Gen Z: Surround yourself with people who are better than you and hone your strengths
Buffett’s career is enviable. Thanks to his early odd jobs and appreciation for entrepreneurship, he became a millionaire at the age of 32 (with a fortune equivalent to about $10 million today). Over the next 60 years, he continued to triumph in the business world, becoming the world’s richest man in 2008, with a fortune reaching an eye-popping $150 billion.
Despite his impressive list of achievements, Buffett still manages to surround yourself with People who are better than him in other ways – that’s the key to success, he said.
Buffett said: “It’s better to hang out with people who are better than you” continued At last year’s Berkshire Hathaway annual shareholder meeting. “Pick out colleagues who behave better than you do, and you’ll move in that direction.”
For Gen Zers who want to become millionaires or have successful careers, Buffett has a simple plan of action. The self-made entrepreneur stresses the importance of identifying a skill you’re really good at and working on it—even if you make mistakes along the way. Having a strong support system will help professionals reach their highest potential.
“Figure out what your strengths are and then pick the right people and don’t be afraid to make mistakes,” Buffett said. Tell cbs news last year.
Buffett’s advice seems easier said than done, and the career woes of a brutal job market and recession haven’t gone unnoticed by the businessman. But he still thinks the best way for Gen Z to have a sustainable career is to find a job (and a boss) they love.
“I urge them to (1) find a job in this field and (2) find someone they would choose if they didn’t need the money,” Buffett wrote in a statement. 2021 Letter To Berkshire Hathaway shareholders. “I acknowledge that economic realities may interfere with this search. Even so, I urge students to never give up on this pursuit, because when they find that kind of job, they will no longer be ‘working.'”