Warren Buffett and Secrets of Management - 11
We've talked about several things that Buffett looks for in his managers. When he buys a company and looks the management over, there are two simple things he does to measure who they really are.
The first thing he says, even before looking into things, is that he doesn't find talking to management any type of help at all. It seems there's too much of the human element there to get an objective look.
So what does he do? He looks at the figures and lets them tell the story. He says that the numbers tell more than anything the management could possibly tell him; they speak for themselves. By the way, another reason why he buys or buys into 
companies he understands. If it's too complicated, the numbers don't talk.
Then if he hears the numbers talking right, at that time he will take a personal look at the key management to see if they will keep working for the company they own.
This is of course the deciding element in promoting people into management in the companies as well. It really doesn't matter what someone thinks of someone if the numbers tell a different story. It's objective. It works.
Buffett says that the numbers will tell him more about the management of a company or division, than anything else. He doesn't do anything personal with them, except to determine if they will keep working or not ... if he sees them as being fit managers. Let the numbers tell the story. Buffett hasn't went wrong with them.
Other Buffett Resources:
Investment Whiz Kid: Buffett Amasses a Fortune
Management Styles - The Buffett Way: Learn from the maestro himself
Sponsored link: The outsourcing every manager requires - Tampa Locksmith
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