Psychology-Decision Making

MAKING TOUGH DECISIONS ACCORDING TO WARREN BUFFET There are many things that are monumental in this life, and being named one of the wealthiest people in the world is a monumental moment. Wealth se ts people apart as the luxury of accessing the finer things in life is easily disposable to someone. Because of this advantage, it is easy for someone to become proud and unethical because they can buy themselves out of any situation, but this is not the case with Warren Buffet, one of the wealthiest men in the world. Even though Buffet is a billionaire, he believes that being ethical is crucial in staying and achieving wealth. In an article written by CNBC about the topic of success, a few highlights have been given in regard to Buffet’s views on making tough decisions and at the same time acting in an ethical manner. Many of the times, businesses are faced with situations where they need to make tough decisions, and at the same time remaining ethical. Sometimes we see businesses that have made unethical decisions that later affects their reputation; that is why Buffet insists on protecting the reputation and integrity of a business by acting ethical. Buffet even argues that it is safe for a billionaire to lose money but not reputation. I agree with the sentiments because money lost can be recovered, but once a reputation is lost, there is no coming out of it. Apart from a business standpoint, the article also offers essential life lessons that Buffet lives by. Through the topic of inner scorecard, Buffet insists that people need to realize their true inner self and live by that. Through such lessons, our generation can learn a lot that because we are trapped in a world where we live to impress our friends and even strangers, we do not know on our social media spaces. I am impressed by the values that Buffet lives by because even as a billionaire who is at the disposal of getting anything he wants, he still believes that self-identification and realization are tools that make anyone great. Through the article, there are very many great lessons to be learned both from a business and personal standpoint. Our decisions should always be considerate and ethical no matter how much is on the line. In the same light, authentic living creates a satisfactory lifestyle and living life to impress the next person will only you with internal conflicts. Show Less