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The Billionaire and the Batboy: What Warren Buffett Learned from Eddie Bennett

Warren Buffett, the great investor who is the chairman of Berkshire Hathaway and now the richest person in the world according to Forbes, told a story about a batboy in Berkshire Hathaway’s 2002 annual report.

The batboy was Eddie Bennett, who was 19 years old in 1919. He began his career with the Chicago White Sox, who went to the World Series that year.

The next year, Eddie moved to the Brooklyn Dodgers. He had the Midas touch. They also won their league title that year. Two in a row for Eddie.

But once again, Eddie saw a better opportunity. So he joined the Yankees in 1921. They won their first pennant ever. Eddie knew he was in the right place so he stayed put. The Yankees won five American League titles in the next seven seasons. 

What did this mean to Eddie? He made as much during the World Series as he made all year. So by choosing the right team with whom to associate, he doubled his income.

And he became perhaps the best known batboy in baseball history.

5 lessons Eddie Bennett teaches us

#1 – Sometimes it pays to switch teams.
If you’re with a team that doesn’t look like a bigg winner, and you see a better one, then go for it!

#2 – Don’t have a scarcity mentality.

People who think like this can’t work with others because they don’t think there’s enough to share. Eddie shows us that we may actually make more money BY working with others than we could on our own.

#3 – You don’t have to be the star to be a star.

Eddie became famous in his own right. He’s written about just like Babe Ruth and Lou Gehrig. In fact, he’s the first of that great trio that we’ve blogged about!

#4 – Every job is important.

A supporting role is just as important as the starring role. Eddie knew his place and the importance of what he did. He knew that if he did a good job in his role, other people would thrive in theirs. And he would reap the benefits along with them!

#5 – He had a passion for what he did.
The fans knew it and the players knew it. They respected him for the role that he played. It’s reported that Eddie and Babe Ruth became good friends because they were both at the top of their game.

What Warren Buffett learned from Eddie

In the annual report we referenced earlier, Warren Buffett describes himself as the batboy for Berkshire Hathaway. He turns the heavy-hitting over to the leaders of the businesses in which he invests. He plays a supporting role so they can step up to the plate and hit home runs.

It’s a lesson in management and leadership – give your people the tools they need when they need them and watch them succeed bigg!
 

Speaking of giving your people tools, share Bigg Success with them.
Just click on “Share This” below to E-mail, Digg, Stumble, Mixx and more

We thought it only fitting for our bigg quote today to come from Warren Buffett.

“To be a winner, work with winners.”

Otherwise, you risk striking out!

Next time, we’ll discuss tips for spotting your bigg opportunity. Until then, here’s to your bigg success!

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Like, If You Want to be Liked, You, Like, Have to Read These 5 Traits!

Some people are just likeable. There’s just something about them. You sense it instantly and it draws you to them.

Being likeable is important personally, but it’s also very important professionally. Here are five things we’ve observed from meeting people who are likeable:

#1 – People who are likeable are confident in themselves.
This confidence exudes from inside themselves. They are comfortable with themselves and as a result you feel comfortable with them. If you want other people to like you, you have to like yourself. That’s the starting point.

#2 – People who are likeable are welcoming.
From their posture, their body language, and how you see them interact with others, they seem to invite other people to reach out to them.

#3 – People who are likeable give you a warm reception.

They have a good handshake and let’s face it, there is such a thing as a bad handshake. They smile and greet you sincerely. They instantly make you feel like a friend.

#4 – People who are likeable are engaging.
Sure, they have plenty to say, but they don’t dominate the conversation. They ask you a lot of questions and listen attentively to your answers. They take a genuine interest in you.

#5 – People who are likeable are just plain fun.
They’re light-hearted. They don’t take themselves too seriously – often exhibited by a certain self-deprecating humor. Or they just look at life through a lens that brings a comedic sense to the things we all experience.

The underlying secret to being likeable
The thread that holds all of these things together is that people who are likeable …

… make other people feel good about themselves.

It’s really very simple, if you make people feel good about themselves, they’ll feel good about you. They’ll like you!

And the reward is that by being genuinely interested in other people, you’ll learn more from them than you can learn any other way. From what they do, to what they’ve experienced, to their philosophy on life. You’ll come away from almost every conversation enriched.

What do you think makes people likeable?
Leave a Comment below!

Our bigg quote today is by Mark Twain, who said,

“He liked to like people, therefore people liked him.”

So to connect with human beings, enjoy humans being.

Next time, we’ll blog about the billionaire and the batboy. What Warren Buffett learned from Eddie Bennett, perhaps the most famous batboy of all time. Until then, here’s to your bigg success!

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A Love Story with a Lesson

We’ve written this wonderful story in its full text here, but we highly recommend that you listen along to get its full flavor.

John was a bright young man who went off to a small college. One day, a pretty young woman named Lisa caught his eye. John fell in love. From that point on, he always kept his eyes open for her.

Now Lisa was very popular. Everyone liked Lisa because she was outgoing and very charismatic. Almost every guy in this small school wanted to go out with Lisa.

Before we go on with the story, we should fill you in on one more important detail about John – he had a severe speech impediment. From the time he started talking, John had never talked the way his friends did.

One day, as Lisa was walking across the campus, and John was hanging out with his friends on the lawn, he said to his friends, with his heavy speech disorder …

“I’m going to marry that girl.”

His friends laughed out loud. Please understand that they weren’t trying to be mean-spirited. They were just so shocked that John had the gumption to think that the most popular girl on campus would be interested in him at all, let alone marry him.

They thought he was aiming too high and they didn’t want him to get hurt. So they discouraged him, telling him what they thought he needed to hear. They said …

“John, she can have any guy she wants. There’s no way she’ll go out with you.”

John didn’t care what they thought. He only cared about what was in his heart. He wanted to marry Lisa. He also knew that he needed to start by getting a date with her … that was the first step.

But he wasn’t ready to ask her for a date because he wanted to impress her when he did ask her out.  So here’s what he did …

He began spending hours in front of his mirror every day. Rehearsing one single question over and over again …

May I please have a date with you?
May I please have a date with you?
May I please have a date with you?

Over and over. The hours turned into days … the days into weeks … and John kept practicing that one single question that cut to the essence of what he wanted Lisa to respond to …

May I please have a date with you?
May I please have a date with you?
May I please have a date with you?

The weeks turned into months … and John still kept practicing over and over again in front of his mirror so he could deliver that single question just the way he wanted.

The day finally arrived when he felt he was ready. He saw Lisa sitting and studying outdoors at the campus coffee shop. He was nervous, but he had worked too hard. He had to go through with this. He had to know her answer to his question. So he stepped up to Lisa’s table and delivered his line …

“May I please have a date with you?”

Only this time, John didn’t sound like he had a speech impediment at all. Lisa was stunned. She knew John because she’d had classes with him. She knew about his speech impediment.

She had never heard him speak clearly before. Now he was asking her on a date … and he could say the words so perfectly. She knew how hard he must have worked to be able to utter that single question … just to ask her out … and that made such an impression on her … that she said …

“Yes!”

So John turned his adversity into his advantage. He got a date with the most popular girl on campus. And in case you’re wondering … Lisa also said “yes” to another question that John asked later … they got married!
 

Share this story with a friend.
Click on the Share This button below to E-Mail, Digg, Stumble, Mixx, etc.

Our bigg quote today is by none other than the great Norman Vincent Peale:

“Life’s blows cannot break a person whose
spirit is warmed at the fire of enthusiasm.”

And remember that it only takes a spark to get a fire going.

Next time, we’ll share some characteristics of the charismatic. Until then, here’s to your bigg success!

 

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25 Ways to Reach the Top of Your Chosen Profession

By Bigg Success Staff
05-15-08

Peak Performance

twenty-five 

When peak performance is discussed, it’s often about athletic pursuits. However, it can also apply to any of us seeking the most of our chosen professions. Just like athletes, we have to prepare mentally and physically to reach the top.

Mindset
#1 – Find your passion.

#2 – Define your vision of success.

#3 – Find your opportunity / niche.

#4 – Set goals that lead to your vision of success, step-by-step.

#5 – Get started … take action.

Feed your mind
#6 – Read, listen to, or watch something that inspires you every day.

#7 – Read great works of literature and listen to great music.

#8 – Learn a little bit about a lot of things.

#9 – Take up a creative hobby to learn to be more creative.

#10 – Talk to people. Learn about their personal and professional interests so you learn.

Fuel your body
#11 – Eat right.

#12 – Exercise.

#13 – Get enough sleep.

#14 – Balance your personal and professional lives.

#15 – Give yourself down time, whatever that means to you.

Practice
#16 – Participate in classes, workshops, seminars, etc. in your chosen field.

#17 – Also take every opportunity to build your soft skills.

#18 – Get a mentor / coach.

#19 – Rehearse in front of a mirror.

#20 – Role-play.

Improvement
#21 – Learn from your mistakes.

#22 – Learn from your successes.

#23 – Learn from the mistakes of others.

#24 – Learn from others’ successes.

#25 – Focus on the next iteration … work to be a little bit better today.

Find out when we post new articles. Subscribe to the Bigg Success Weekly.

Hear today's lesson and laugh on The Bigg Success Show.

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615 Tips to Manage Your Business Better

By Bigg Success Staff
05-15-08

Bigg Success in Business

615

Update to this article 11-10-17:

When we posted this article back in 2008, there was a source that equaled 615 tips for your business.

BIGG Thanks to to Tom Keller of Digital.com for letting us know that some links here were no longer working, due to changes to the SCORE website.  But if you visit SCORE.org and click “Browse the Library” you’ll find a tool that lets you narrow your search results to find resources that best suit your situation. Smart!

They also have a page with a round-up of small business trends.

Between these 2 updated links, we’re sure you’ll find at least 615 tips if not more for your business.

Original article (with links removed)

Need a tip on business planning? How about 55?

Want a hint on raising capital and managing your finances? How about 55?

Would you like a pointer on marketing and public relations? How about 65?

There’s a great resource at SCORE called Top 5 Business Tips.

On this page, you’ll also find pointers about sales, customer service, office management, human resources, training, leadership, legal, taxes, e-business, and the web.

All on one page. 615 tips spread over 123 articles!

These articles are short and easy-to-digest. There’s not a lot of detail in each article, but they make fantastic thought-starters.

In case you’re not familiar with SCORE, it is a non-profit organization aligned with the United States Small Business Administration. When you need help for your small business, and you don’t have money for high-priced consultants, check out SCORE, the “Counselors to America’s Small Business”.

Find out when we post new articles. Subscribe to the Bigg Success Weekly.

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