Warren Buffett if You Could Essay

I believe that I possess these characteristics. This is because I come from a background that taught me to be self-sufficient, overcome the challenges I am facing and making decisions that will help to change society for the better.

Another reason why I admire Warren Buffett is from his ability to support causes and ideas which will benefit society as a whole. Evidence of this can be seen with Buffett's views on wealth with him saying, "I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. it's like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don't do that though. I don't use very many of those claim checks. There's nothing material I want very much. And I'm going to give virtually all of those claim checks to charity when my wife and I die. A market economy creates some lopsided payoffs to participants. The right endowment of vocal chords, anatomical structure, physical strength, or mental powers can produce enormous piles of claim checks (stocks, bonds, and other forms of capital) on future national output. Proper selection of ancestors similarly can result in lifetime supplies of such tickets upon birth. If zero real investment returns diverted a bit greater portion of the national output from such stockholders to equally worthy and hardworking citizens lacking jackpot-producing talents, it would seem unlikely to pose such an insult to an equitable world as to risk Divine Intervention." (Landon, 2006)

These insights are showing how everyone must be focused on giving something back to society.The way that this is taking place, is to illustrate how these ideas are addressing the disparities that are created in society. In order to help future generations, requires contributing to the long-term growth of communities. When this happens, everyone will benefit from these changes through increased knowledge and the ability to support themselves.

Furthermore, Buffet has given 83% of his personal wealth to the Bill and Melinda Gates Foundation in support of these larger objectives. This is illustrating how Buffett is more than a man who is backing different ideas. Instead, he is a person who is willing to take consistent action in meeting these objectives. When this happens, everyone is benefiting from what he is giving back to society. This makes him larger than life by demonstrating how it is good to be a capitalist with a conscious. ("Warren Buffett," 2012) (Morio, 2011)

If I can apply these ideas to my own personal life, I believe that I can have a positive impact on the community and those around me. This is why I admire Warren Buffet. My application to Baruch College is a part of an overall strategy, which is creating lasting wealth that will benefit the community and the needy.

In the future, this will help me to give something back by addressing these challenges. Warren Buffett has been an inspiration through showing how this is possible if you truly have a desire to be successful. This determination to achieve these larger objectives; can benefit everyone in providing me with the background I need in reaching these goals.

References

Warren Buffett. (2012). Biography.com. Retrieved from: http://www.biography.com/people/warren-buffett-9230729

Landon, T. (2006). A $31 Billion Gift Between Friends. NY Times. Retrieved from: http://www.nytimes.com/2006/06/27/business/27friends.html?_r=1&

Morio, a. (2011). Warren Buffett. Hoboken, NJ: Wiley......