How I wish I could have been a fly on the wall during this interview!!
Recently, Steve Forbes arranged a lunch meeting and subsequent interview between entertainer Jay-Z sat and billionaire investment-guru Warren Buffet (only the 2nd richest man in US). What would prompt such a seemingly odd pairing? Initially, Forbes thought that it would interesting to listen to their perspectives on success since they both are extremely successful business men, yet their paths to success could not have been more different. Warren Buffet was guided into the investment world under the tutelage of his father, while Jay-Z grew up in the Marcy housing projects of Brooklyn with street hustlers as his mentors. Yet, when the men met, they quickly discovered their philosophies on success were closely related.
Erica Nicole of YFS Magazine (Young, Fabulous, and Self-Employed) did a fantastic job of summing up both Buffet’s and Jay-Z’s views on what it takes to be extraordinary. You can read the entire article here.
From Erica Nicole:
1. Get started [early].
2. Read!!! [The acquisition of knowledge is paramount].
3. Emotional stability and independent thinking are important.
4. It never bothered him if people disagreed with what he thought.
5. Stay in your ‘circle of confidence’ [i.e. areas in which you excel].
6. First rule of thumb, “Don’t lose.”
7. Warren Buffet’s mentor was a primary influence in his life.
8. Look at your venture as a business.
9. Do what you love.
10. Realize the moments of repositioning that yields opportunity– “I got turned down by Harvard.”
11. Underlying principals don’t change.
12. Learn what you are good at and what you are not good at.
13. Increase your value … no one can take that away from you.
14. Develop the habits of success.
15. We decided we would live well [i.e. it all starts with a decision].
16. Turn things over to specialists.
17. It’s very important to recognize mistakes and face up to them.
18. Follow someone else’s teachings [i.e. put yourself in the position of constant learning]
1. Grow your imagination.
2. Immerse yourself in your passion; love what you do.
3. Give it your all!
4. We are all faced with “fork in the road moments.”
5. Make a decision to focus.
6. Discipline yourself.
7. Don’t make emotional decisions.
8. Build your own buzz: “The genius thing that we did is that we didn’t give up.”
9. Recognize change and open yourself to it.
10. Stick to your area of expertise.
11. 1+1 =3; get rid of your ego [i.e. collaboration adds value].
12. Over deliver on the ‘experience.’
13. A sixth grade teacher’s impact – small things can change the direction of your life.
14. Lead by example.
15. Apply yourself and stay true to who you are.
16. Take control of your destiny.
View the entire interview below:
Visit here to read the entire Forbes article.