4.8 • 755 Ratings
🗓️ 15 November 2017
⏱️ 6 minutes
🧾️ Download transcript
How well do you motivate the people you lead? Do you give lavish praise or just criticize when things aren't going the way you want? In this episode, I break down a chapter in Warren Buffett's Management Secrets and give you a real life insight on how you can inspire those you lead to consistently work hard for you when given the pleasure of praise.
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0:00.0 | Welcome to the Sports Motivation podcast. This is a special episode of Books and Bars. Books and |
0:07.7 | bars is where I break down excerpts from my favorite books, and I do that for you really |
0:11.8 | quick and easy. If you'd like to go buy the book yourself, you should. You can do that as well, |
0:16.9 | but I give you my insights. And then, of course course I break down bars as well which are rap |
0:21.6 | lyrics for my favorite songs. I'm a big hip-hop fan and I happen to believe there's a lot of |
0:25.8 | wisdom and a lot of insight in hip-hop lyrics. But today I'm focused on a book, all right? |
0:31.1 | Now this book is called Warren Buffett's Management Secrets. Unfortunately Warren Buffett has not |
0:36.2 | written a book of his own yet. I tend to believe |
0:38.9 | that he already has. He'll probably just have it come out after he's dead. I think these |
0:43.5 | billionaires, man, are next level competitive. And I know Warren Buffett is no different. And I |
0:51.6 | don't think these guys are into giving out their secrets. But I could be wrong. |
0:56.0 | But anyway, there's a ton of books written about Warren Buffett describing his leadership techniques, his investment strategies, his mindset, his philosophies, et cetera. |
1:07.0 | And one of them is called Warren Buffett's Management Secrets and it's written by Mary |
1:11.7 | Buffett and David Clark. And I think is Mary Buffett his daughter or granddaughter? I can't |
1:19.2 | remember which one. But anyway, it's a really great book, really short read. And I want to read |
1:24.7 | for you a really simple part from this book. It's about a two-page chapter. |
1:30.5 | And it's really, really profound. And let me give you some backdrop behind it. All right. So I grew up |
1:35.7 | with a Nigerian father. And I don't know if Nigerian has anything to do with it. But let's |
1:41.8 | just say we didn't get a lot of praise. We didn't get a lot |
1:44.7 | of encouragement. Now, we got told a lot about what we didn't do right, all right? And so, |
1:50.8 | needless to say, that is a habit that I now have as well. With my children, with my team, |
1:56.3 | with my wife, sometimes I can be very quick to talk about the things they're doing wrong and not as |
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