Making a Correct Diagnosis: Does Billionaire Warren Buffet, the World’s Third Richest Man, Invest Like a Girl?
Warren Buffett is the renowned billionaire investor known as the â€œOracle of Omahaâ€ who heads the financial juggernaut Berkshire Hathaway. His investment decisions are so successful that $1,000 invested with him in 1957 was worth $30 million in 2014. It seems that Buffett and female investors have something in common. Women trade less often than men, do a lot more research, and tend to base their investment decisions on considerations other than just numbers. Buffettâ€™s style is similar. He uses basic arithmetic to analyze annual reports and other company financial documents, and takes pains to make a correct diagnosis before making a decision.
Read the Forbes article â€œHow Decision-Making Is Different Between Men and Women and Why It Matters in Business (Links to an external site.).â€ The article features an interview with Therese Huston, author of the book â€œHow Women Decide: Whatâ€™s True, Whatâ€™s Not, and What Strategies Spark the Best Choices.â€
Watch the Harvard Business Review IdeaCast â€œMake Better Decisions (Links to an external site.).â€ In this audio interview, Therese Huston offers research-based tips for both men and women on how to make high quality, defensible decisions.
- Describe how women might approach managerial decision making differently than men.
- Describe a time you either experienced or saw a â€œdogsled problemâ€ at work.
- What can organizations do to avoid the â€œdogsled problemâ€?
- How should decision-making advice for women be different than for men?