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Mar 1
Warren Buffett: "Charlie Munger and I aren't big fans of Resumes"

For any smart business leader, I think it's far past time we forget about the value of a resume put forth by potential job candidates. For the most part they're a bunch of embellished stories based on putting the best spin on a person's life.

Here's an unfortunate story on chef Robert Irvine who did just that and will end up being let go from the Food Network.

I'm not talking about whether someone graduated at a certain school or their test scores, I'm talking about the real important stuff: like integrity, passion and real experience.

In the Berkshire Hathaway annual report, Warren Buffett said this about his view concerning resumes, and what he look for in a manager at Berkshire (NYSE: BRK-A).

"Susan [Jacques] came to Borsheims 25 years ago as a $4-an-hour saleswoman. Though she lacked a managerial background, I did not hesitate to make her CEO in 1994. She’s smart, she loves the business, and she loves her associates. That beats having an MBA degree any time .... An aside: Charlie and I are not big fans of resumes. Instead, we focus on brains, passion and integrity."

Warren%20Buffett%20Charlie%20Munger%20and%20I%20aren%27t%20big%20fans%20of%20Resumes.jpg

Buffett went on to say that it's those with long-term outlooks and performances that he values the most.
 
"Our CEOs’ scorecards for success are not whether they obtain my job but instead are the long-term performances of their businesses. Their decisions flow from a here-today, here-forever mindset. I think our rare and hard-to-replicate managerial structure gives Berkshire a real advantage."

So much for the whorish attitude many workers and managers retain as far as bouncing from one job to another. Buffett's right in looking for those that want to be part of something for their entire working lives. They'll add far more value to a company than someone that is only looking out for themselves and their personal promotion.

It's understandable that sometimes people have to leave work or a specific location for many reasons; that's not what I'm talking about here. What I'm talking about is this disposable culture we live in, where everything is looked at in the short-term and with solely self-centered agendas.

A company and worker with a long-term outlook, and which wants to stay with a company over the years, will far outperform their counterparts who bounce from job to job.

Even though it's very fashionable to write about the new work world we live in, and people migrating from job to job, it's a simplification to say that happens everywhere, and the old way of staying with a job for a long period of time is over. Warren Buffett and his success at Berkshire Hathaway and the companies under its umbrella shows this is far from true.

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