Success Through "NO"

Would you like to have Warren Buffet's bank account? If you say you wouldn't then you probably lie about other things as well. Everyone would like to have his bank account. I'd be happy with the interest from the account for one day!

Jun 17th, 2013
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By Matt Forck

Would you like to have Warren Buffet's bank account? If you say you wouldn't then you probably lie about other things as well. Everyone would like to have his bank account. I'd be happy with the interest from the account for one day!

Well, I can't give you his account or even his daily interest accumulation. What I can do, however, is share his two secrets of investing. First, Buffet employs two rules for all of his investing. The first of the two rules is "don't lose money." The second rule is to remember rule number one.

These rules were put to life some years back in a conversation with William Ury.

During lunch, Buffet said, "My secret to investing is the ability to say no. I look at investment plans and proposals all day long, one after another. And, I say no, no, no, no, no, until I get to a plan that is exactly what I am looking for. Saying yes to two or three of the right investments over a career will build tremendous wealth."

Buffet has a vision of what the right investment is. In addition, he values himself enough to say no until the right plan comes across his desk.

In safety, we have to be somewhat like Buffet. First, we need to establish two rules. Rule one: don't get hurt. Rule two: remember rule one. After that, we need to use Buffet's ability to say no. We need to say no to leaving hazards on a job. We need to say no to removing personal protective equipment. We need to say no to inadequate job briefings. We need to say no when we see others cutting a corner. We need to say no and no and no on each job until it is the way we want it. At that time, we can say yes to a safe job.


About the author: Matt Forck, CSP & JLW, is a noted safety speaker addressing urgent topics that include culture, accountability, leadership and employee engagement. Sign up for Matt's free safety resources at www.safestrat.com

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