A legendary investor sometimes referred to as the “Oracle of Omaha” is one of the wealthiest men in the world, with his net worth estimated at $90.6 billion as of January 2020. Warren Buffett is known as an astute businessman and philanthropist with an uncanny track record of selecting companies that will achieve long-term success. Through the decades, his companies have thrived. Yet he does not micromanage his vast, varied enterprises. It is said that he carefully chooses the person to head one of his acquired companies, lays out his goals and expectations, and then leaves that person to run the organization, usually checking on results annually.

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