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Trust Is Worth $24 Billion

Updated: Nov 17, 2022

I recently came across a story about Warren Buffett.

As he purchased a $24 billion company from Walmart, most (including me) would assume it would be months and millions of dollars of due diligence.

Instead, this $24 billion deal was sorted out over a two hour meeting.

Why? Warren Buffett has so much trust in the leadership and integrity of Walmart he knew the two hour meeting was enough.

The next time you're wondering about two hires, "Should I hire Bob or Betty?" Remember the value of trust.

If Betty is more humble, hungry and people smart and you'd be able to trust her more, then remember that sort of trust can be worth $24 billion.

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