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The Power of Integrity

November 22nd

Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.

Warren Buffett

Hiring an individual who is teeming with intelligence and energy but lacks a solid moral compass can be a slippery slope. Initially, their sharp wit and unflagging dedication may result in impressive outcomes. However, a missing sense of integrity can lead to unethical business practices causing disastrous long-term consequences.

This principle does not just apply to building a team, but also extends to the realm of investing. When deciding where to place your trust and money, seek out companies helmed by leaders who value honesty and transparency. These leaders tend to champion ethical practices and are more likely to steer their ship towards sustainable growth.

Intelligence and energy in the hands of an individual with a strong sense of integrity can be a potent force that drives significant progress. But without integrity, they can turn into a potential hazard. Therefore, as investors and employers, we must prioritize integrity above all else. After all, it's the steadfast foundation upon which lasting success is built.

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Copyright © 2023 by Scott Sansovich