What do Warren Buffett and Bucky Fuller Have In Common?
Warren Buffet, sometimes ‘wealthiest person’ on our planet … and R Buckminster Fuller, sometimes called the “gentle genius” and “grandfather of the Universe” who often was penniless? What do they have in common?
Initially I thought NOTHING in common, then I thought of a program I saw years ago that looked at Warren Buffett’s life, his business Berkshire Hathaway in particular of which he is Chairman, and his philosophy of success.
This morning I was looking at some of those philosophies and how we could apply some to Your Healthy Planet.com and it’s Ethical Marketplace. The one in particular is that Warren and his business partner have never taken a salary at all and have become two of the wealthiest men in the world from the dividends they earn.
At Your Healthy Planet.com we are doing the same. As the Founding Member and CEO I earn my reward income the same way every other member does and that is the way it will stay. Imagine if we can bring on-board healthy marketing consultants, healthy copy writers, healthy financial planners et al who similarly love what hey are doing and are financially supported by the structure. It means more profits to go into building holistic education centers worldwide.
Another similarity could be that Fuller was clear that our future (and our survival) rests with us as individuals seeing the problems that surround us and going to work to create solutions, and thereby becoming responsible. Buffett also makes the point that with his companies he and allows them to operate autonomously and has found that it is much less costly to let them make mistakes, and learn from them, than to oversee their every move (manage them) and be involved in the decision making. Interesting … that Fuller also said the only reason he knows so much is that he has made more mistakes than anyone else he knows.
I still do consider Warren Buffett a mentor but certainly don’t agree with everything he has done. Buckminster Fuller is by far my most influential mentor but I have other mentors who contribute enormously to my life.
The commonality I thought I saw between these two major contributors to world affairs just ended there, it evaporated.
Another commonality I thought existed was that because Buffett rarely, if ever sells the companies he buys that was similar to not being focused on making a profit. I was indeed wrong. In Buffett’s annual report address to shareholders he provided “10 Lessons“.
One of those lessons was that he never invests in industries or companies that he cannot accurately forecast their profits. On the other hand Buckminster Fuller when asked about making a profit quickly said “I don’t spend any time considering making a profit, thank you.” See Fuller’s 55 years up until his death in 1983 were entirely focused on making ALL HUMANITY a physical success and he believd that it would be done by the year 2,000AD.
Unfortunately selfishness and greed has stopped that being realised yet … but it will happen, and it will happen very quickly.