Warren Buffett, the American business magnate and investment genius, attributes his monumental success to the ability to communicate effectively, a skill he admitted was his weakness, and he had to enrol in a school to learn it.
The ‘Oracle of Omaha‘ as he’s fondly called, Buffett has consistently emphasised the pivotal role communication has played in his journey from a young investor to one of the world’s wealthiest individuals.
Warren Buffett faced a significant hurdle in his early days: a phobia for public speaking. Determined to overcome this, he enrolled in a Dale Carnegie course. Reflecting on its significance, Buffett once remarked, “If I hadn’t done that, my whole life would be different.”
Reports say amidst all Buffett’s academic achievements, only his certificate from the Communication course is prominently displayed in his office, a testament to its value in his life.
“If you can’t communicate, it’s like winking at a girl in the dark – nothing happens. You can have all the brainpower in the world, but you must be able to transmit it. And the transmission is communication,” He said.
Supporting Buffett’s View
According to research by the Carnegie Institute of Technology, which Forbes published, 85% of financial success stems from knowing how to communicate and negotiate effectively.
More so, the SRM Institute of Science and Technology findings highlight the critical role communication skills play in management, describing them as “the most imperative skills a manager must have.”
The Three Pillars of Communication
Warren Buffett’s success story highlights the significance of mastering not just one but all aspects of communication, which extensive research identifies as Body language, Tone of voice and Words.
Body language, often playing second fiddle to verbal communication, is crucial in conveying authenticity and presence. This includes an individual’s posture, eye contact, and overall engagement with their audience.
Tone of Voice
The way one speaks, including variations in tone, volume, and strategic pauses, can significantly impact the effectiveness of their message.
Buffett advises blending stories with facts when addressing a crowd. This approach not only captivates but also resonates more deeply with an audience. He emphasizes the importance of simplicity and clarity in speech, steering clear of confusing jargon.
What you should know about Warren Buffet
Buffett’s journey began at the University of Nebraska, followed by Columbia Business School, where he was under the tutelage of the famed Benjamin Graham. Here, Buffett’s investment philosophy, centered around value investing, took shape.
This philosophy became the cornerstone of transforming his company, Berkshire Hathaway, from a simple textile business into a global powerhouse. Beyond his business ventures, Buffett is also celebrated for his significant philanthropic contributions.
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