No. of Recommendations: 18
I think a lot comes down to management style. For example:
Buffett has always hired the most competent people he can find. He doesn’t micromanage people. He sets broad goals for his managers and lets them figure out the details. He encourages calm, measured, logical, and well thought out actions. Steady as she goes. Even boring. Win-win scenarios. Great sense of humor.
On the other hand, Trump hires yes-men and he has always encouraged infighting among his managers. He flies by the seat of his pants. He encourages chaos so his managers have to come to him for solutions, which he “solves” using his gut instinct or by whoever last whispered in his ear. Lord of the Flies. Cruelty is encouraged. You have to lose so I can win. No sense of humor.
It’s what each of these men have done their entire lives.
I’m more of a Buffett guy, especially when it comes to my financial security.