"Today marks the end of the epic 60-year reign of legendary investor Warren Buffett as CEO of Berkshire Hathaway. Buffett is placing his trust in his successor, Greg Abel, who will lead the $1.2 trillion empire. But the Oracle of Omaha leaves behind a wealth of knowledge, past learnings, wins and losses-and sage career advice. One piece of lasting career advice from Buffett came during Berkshire Hathaway's 2004 annual shareholders meeting, when a 14-year-old boy from California posed a question."
""What advice would you give a young person like me on how to be successful?" asked Justin Fong, a young shareholder at the time. Buffett offered a simple, yet thought-provoking answer: "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." This follows other common leadership advice: surround yourself with people you admire."
Warren Buffett retired after 60 years as Berkshire Hathaway CEO and appointed Greg Abel to lead the $1.2 trillion company. Buffett left career guidance including a 2004 answer urging young people to spend time with people better than themselves so they will drift in that direction. Charlie Munger endorsed prioritizing growth over temporary peer-group unpopularity. Other executives and researchers give similar counsel about emulating high-quality peers; Richard Branson advised surrounding oneself with people who are smarter and enabling their growth. Buffett announced he will be going quiet after retirement while his career advice continues to influence others.
Read at Fortune
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