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Friday, April 3, 2009

Career Advice from Warren Buffett

Question: How do I choose the line of work ?
Buffett's response: Imagine you have enough money that you have everything that you ever wanted and you can buy whatever you want. Then what will you do ?

Management Lesson: Buffett's response echoes intrinsic motivation theory. Intrinsic motivation occurs when people are willing to work without any tangible incentive. It is closely linked to the notion of hobby.

Reference: MBA students from Florida university interviewed Warren Buffett (late 2006). Video available on You Tube.

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