Group 8 AMRITESH AMIT ANUSHA ASEEM VAMSI

19881989: Spends about $1.3 billion to acquire a big share of Coca-Cola and joins the companys board. The $10-per-share investment soars to $87 a share in mid-1998. Berkshire shares rise to over $8,000, giving Buffett a net worth exceeding $3.8 billion.

1991: Steps in as chairman of Salomon Brothers during a Treasury bond trading scandal.

1995: Engineers the $19.5 billion sale of Cap Cities/ABC to Disney. Over the years, Berkshire earned a $2.5 billion profit on its Cap Cities/ABC investment. Because Disney paid for part of the purchase with Disney stock, it was also a chance for Berkshire to become a big shareholder in Disney, and to benefit from the synergies expected when Disney, the content provider, was combined with the network, a content distributor.

1998: Pays $22 billion for General Reinsurance.

1999: Berkshire has its worst year, with the share price down nearly 21%, even as most stock indexes soared. Buffett rejects pressure to jump into technology stocks and says hes happy with Berkshires holdings.

2000: The tech bubble bursts and Berkshire shares soar nearly 27% while the S&P 500 loses 9%. 2003: Harshly criticizes President George Bushs proposed tax cuts as an unfair break for the wealthy. Surprises longtime Buffett watchers by becoming a financial and economic advisor to California gubernatorial candidate Arnold Schwarzenegger. Buffett has long believed Schwarzenegger has the leadership needed to tackle Californias deep fiscal problems.

2004: In his annual letter to shareholders, he criticizes high pay for corporate executives and mutual fund directors who are not accountable to shareholders. Forbes magazine lists Buffett as the worlds second richest person, with a net worth of $42.9 billion. (Microsofts Bill Gates is the richest.)

TRAITS/CHARACTERISTICS OF WARREN BUFFET

COMMUNICATOR FIGUREHEAD DISSEMINATOR RESOURCE ALLOCATOR INNOVATOR ENTREPRENEUR TRUSTWORTHY UNBIASED, MOTIVATOR LIAISON AND SYMPATHETIC RISK TAKER PHILANTHROPIST CONCERN FOR PEOPLE EXTROVERSION RATIONAL HUMILITY

Warren Buffett tends to be a level 5 leader

Level 5(Executive)

Succession planning Immaterialist Simplicity

Level 4(Effective leader)

Philanthropist

Level 3(Competent Manager)

Level 2(Contributing team member )

Level 1(Highly capable individual)

WARREN BUFFETT: WHITE THINKING HAT

WARREN BUFFETT COMES IN ADULT TYPE:a state of the ego which is most like a computer processing information and making predictions absent of major emotions that could affect its operation.

DEALING WITH CONFLICT-

KILMANN MODEL

Sources:
http://www.investopedia.com/university/greatest/warrenbuffett.asp http://www.investopedia.com/articles/01/071801.asp http://www.investopedia.com/articles/06/threewisemen.asp http://en.wikipedia.org/wiki/Warren_Buffett

http://finance.yahoo.com/

"The HAPPIEST people DONOT necessarily have the BEST of all.

They simply APPRECIATE what they find on their way

LLet us choose the way to live