Monday, December 26, 2005

Warren Buffett's job advice

I get to work in a job that i love, but i have always worked at a job that i loved. i loved it just as much when i thought it was a big deal to make $1,000. i urge you to work in jobs that you love. i think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. i was with a fellow at harvard the other day who was taking me over to talk. he was 28 and he was telling me all that he had done in life, which was terrific. and then i said, "what will you do next?" "well," he said, "maybe after i get my mba i will go to work for a consulting firm because it will look good on my resume." i said, "look, you are 28 and you have been doing all these things, you have a resume 10 times than anybody i have ever seen. isn't that a little like saving up sex for your old age?

There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. When I first got out of Columbia Business School, I wanted to go to work for Graham immediately for nothing. He thought I was over-priced. But I kept pestering him. I sold securities for three years and I kept writing him and finally I went to work for him for a couple of years. It was a great experience. But I always worked in a job that I loved doing. You really should take a job that if you were independently wealthy that would be the job you would take. You will learn something, you will be excited about, and you will jump out of bed. You can't miss. You may try something else later on, but you will get way more out of it and I don't care what the starting salary is.

When you get out of here take a job you love, not a job you think will look good on your resume. You ought to find something you like.

If you think you will be happier getting 2x instead of 1x, you are probably making a mistake. You will get in trouble if you think making 10x or 20x will make you happier because then you will borrow money when you shouldn't or cut corners on things. It just doesn't make sense and you won't like it when you look back.

Excerpt from "Buffett Talk to MBA Students at Florida University 1998"


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