Warren Buffett: Companies Should Stop Wasting Time On Diversity

Warren Buffett has some pretty unique perspectives on managing businesses, and has earned a lot of respect for his approach of only hiring the best talent for the board of Berkshire Hathaway. In this video he expands on this view and explains why diversity is less important than some suggest.

[TheTruthseeker]

“When I have a surgery I don’t want the best doctors, I want the most diverse doctors”

said no one ever.

[ztzexplorer]

Hiring people due to their qualifications is the greatest expression of appreciation for diversity that any corporate executive could make.

[knowledgemadeeasier]

"It's good to learn from your mistakes. It's better to learn from other people's mistakes." - Warren Buffett

[peteh]

Diversity doesn't produce results, performance produces results!

[anirprasadd]

This is exactly how companies should be run. Hire the best candidate for the job.
Plain and simple

[footslaveasian]

“Some ideas are so stupid that only intellectuals believe them.”
― George Orwell

[Masood]

Not labelling anyone with race or gender and seeing them for the quality candidate they are is the best form of diversity. Discrimination should stop - Positive or negative.

[twofargne]

Before I retired in 2022 I owned a software company for 35 years. I was speaking to the new CEO a few months ago at a stockholders meeting and he told me the Board of Directors voted to remove all DEI policies from HR. Since they no longer have any DEI policies to contend with they'll be able to hire the best person for a position without having to factor in gender, ethnicity, or identity. It sounds like solid business decision to me.

[chrisvanderwielen]

I am old enough to remember when making choices strictly based on race or skin color was called "racism". But, I guess we've changed that to "diversity", in an attempt to make it ok.

[AdvancedUSA]

I have a small company and my hiring policy is very simple. I hire the very best people for the work they will be doing - PERIOD. Part of being the "best people" is that they have to be totally honest, genuine, smart, want to get ahead, work well with my other people, etc. Nothing else maters. I'm not in the diversity business.

[joshcal]

It's funny seeing these companies say "Diversity is our strength." but simply having people of different colors and orientations doesn't help a company. Especially when every company that says this actively prevents diversity of thought. Anyone with a different idea or opinion is outright banished from the company. The reality is it's actually diversity of thought that matters, not collecting all the skin colors.

[truegrit]

I'm a black, female academia and I say DEI is job security for DEI academias and DEI consultants. Not sure who else benefits.

[chy]

I liked Charlie's answer better. When it's crunch time, you don't care about anything else, you just care that you have the best at what needs to be done whether it's surgery or directing the board.

[rockitsurjon]

Holy crap! Straight answers with no apologies. Just like it should be.

[Colonel__Ingus]

I work for a large corporation that did the diversity thing putting people in top positions based on gender or nationality. Since we started this push our market share has went from 50 percent down to 10 percent. On the other hand I'm more likely to get a hug from my manager now but we are far less competitive.

[rodrigohernandezmijares]

This needs to be said again and again: “Some ideas are so stupid that only intellectuals believe them.” ― George Orwell

[basedpatriotLT]

It is crazy that somebody even challenge the fact that you hire based on competency and not on race or gender.

[dianesullivan]

You’re right! The current market might give opportunities to maximize profi.t, but in order to execute such effective transactions, you must be a skilled practitioner

[John..]

I want the best doctors to perform surgeries, I want the best pilots to fly a plane.

[theyjustwantyourmoney]

As a person of colour I'm also sick of this "diversity" thing, When I'm at work I do not represent anyone, this has got to stop.