Full quote – “In evaluating people, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you”
When investing in a business, Buffett seriously considers the people managing the company. He understands with good leadership, the company can grow and continue to be relevant in the industry. And with good management, the business will be well run and profitable.
Integrity is an important quality that Buffett looks at. A management with integrity will run an ethical business and will not get into trouble with the law. In addition, customers will be satisfied with the products or services since the management sincerely wants to create value for the customers.
Business without integrity will eventually meet it’s downfall – Enron, Ponzi scheme businesses, Madoff, etc. Buying shares of these companies whose management are capable but lacked integrity, is as good as owning a time bomb.
You may also like:
- Warren Buffett – "Our method is very simple…"
- Warren Buffett – “I’d be a bum on the street with a tin cup if the markets were always efficient.”
- The Warren Buffett Way – Robert Hagstrom
- Warren Buffett – "Great investment opportunities come around…"
- Warren Buffett – "I always knew I was going to be rich…"
- The Winning Investment Habits of Warren Buffett & George Soros by Mark Tier
- 9 Qualities Necessary for the Future of Business
- Warren Buffett – "Risk comes from not knowing what you're doing."
Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
