Matt Clark

Helped people sell over $9 billion online. 2X Inc 500. Featured: Forbes, CNBC, Success, Entrepreneur, and more.

Why Warren Buffett is My Business Role Model

by Matt Clark on March 30, 2022 posted in blog

In 2021, I read the book Richer Wiser Happier. One chapter covers a successful investor from India, living in the US, who decided the fastest path to huge success was to “clone” a successful investor. The investor chose Warren Buffett.

He read everything he could about him, copied his investment style, and even copied some of his work habits such as setting up a simple, quiet office with an assistant and no distractions.

The investor grew his own portfolio to hundreds of millions of dollars. Today he gives a lot of money to help poor kids in India get excellent education.

The idea makes sense: If you want to get the result someone else achieved, a possible path is to copy everything they did. You may not end up with the exact same result, but you’ll end up in the general area.

I thought about all the leaders I had met or read about to decide on my own business role model to “clone”. I wanted a leader with a great track record in business and good values.

My choice: Warren Buffett.

Here are six reasons why Warren Buffett is my business role model:

1 – High Success

In 2008, Warren Buffett became the richest person in the world. As with anyone who has the majority of their wealth tied up in a publicly traded corporation, his wealth fluctuates a lot. Today, he is considered the eighth richest person in the world after giving away a lot of money to the Bill & Melinda Gates Foundation and other charities.

2 – Clean Track Record

If you look at news articles and the Wikipedia pages for most business leaders who have been around for decades, you’ll find a lot of scandal. Some is likely not true, but some is. 

For Warren Buffett, his record is as clean as it gets. There isn’t much controversy surrounding Buffett. The worst I could find is a quote from him in 1987 about tobacco companies as an investment, “I’ll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It’s addictive. And there’s fantastic brand loyalty.” Later he changed his opinion on the the industry.

That is nothing compared to the sexual assault allegations, criminal cases, and other issues many other prominent business leaders have faced in their histories of building companies.

3 – Can Learn Directly from Him

Buffett has published thousands of pages covering his business and investment strategies for over 60 years.

There is a lot of material we can read to learn exactly what Buffett thinks, what he does, and how he does it. He’s been open with how he’s built Berkshire Hathaway, his holding company, into one of the largest companies in the world.

4 – Thinks Rationally

Buffett aims to think rationally. His writing is clear and easy-to-understand because his thinking is clear. This makes it easier to grasp how he operates and to emulate it in our own lives.

5 – Good Values

Here are some of his values:

  • Focus on the long-term
  • Be honest
  • Address problems fast and head-on
  • Be trustworthy
  • Don’t follow fads just because everyone else is
  • If people entrust you with their money, treat it like it’s your own
  • Don’t risk what you don’t have and don’t need for what you have and need

6 – Long-Term, Diversified Record of Success

Luck plays a factor in everyone’s success, Buffett’s included. He’s said he was quite fortunate being born in the USA, as a white male, and to a reasonably well-off family.

Luck might be even more of a factor for a business leader who built the majority of his or her wealth in one business. Buffett built his wealth across investing in and purchasing hundreds of businesses.

Buffett’s success and strategies to get there are more reliable to follow than most business leaders because they’ve been proven over a decades and across many areas.

My Favorite Buffett Books

Starting in 2021, I’ve tried to read every major book written about Buffett and recommended by him. Here have been my favorites:

  1. The Essays of Warren Buffett
  2. The Warren Buffett CEO
  3. The Intelligent Investor

I hope you find a role model as good as Buffett. When I have a tough decision to make, I ask, “What about Buffett do?”

Share this article
Previous Article The Ultimate Happiness Tool: Meditation
Next Article How Do You Create a Brand Powerful Enough to Attract Customers to Your Online Store

Free 21-Day Wealth-Building Course

Get 14 free lessons delivered via email over 21 days on how to make more money, keep more of what you make, and get your money to work for you.

About the Author Matt Clark

Matt Clark, CEO of Amazing.com Inc., has helped thousands of people build ecommerce businesses with over $9 billion in total sales. He’s sold over $200 million online and currently owns a top 100 fastest growing ecommerce brand. Matt has been featured in Forbes, CNBC, Entrepreneur, and Success Magazine.

© 2018 - 2022 Matt Clark | Policies | Site Managed by Vision Tech Team
✕
  • Home
  • Build Wealth
  • Blog
  • About
  • Companies
  • Subscribe
  • Contact