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Businesses can succeed while still being ethical—just ask Warren Buffett

Buffett always considers 6 factors before making a business decision. And none of them have to do with making money.

Warren Buffett, billionaire, wisdom, strategy, financial investments

Warren Buffett speaking at the 2015 Select USA Investment Summit.

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TD Ameritrade

Warren Buffett isn't just rich. He's known for being ethical, straightforward, and wise. And also generous. Not just with his money but with his ideas.

Buffett straight up spelled out how he makes decisions on how to invest in and acquire businesses in a public letter sent to his shareholders. To be clear: His instincts and insights are what have made him such a rich man. And that's what he's sharing so openly with the world.

These are the six factors Warren Buffett says he considers when he's making big business decisions.

Maybe they could help the rest of us think through some tough decisions in our own lives? Let's see.


Maybe you, too, are investing billions of dollars. Or, uh, maybe not. But the day-to-day choices you have to make about life could be just as tough — and important. So let's see how his lessons could apply:

1. It's gotta be a big choice and a big win.

Buffett says he prefers to acquire "large purchases (at least $75 million of pre-tax earnings unless the business will fit into one of our existing units)." Aka, go big, go bold. Not everything has to be huge, but in tough times, sometimes doing the big, scary thing is how you reap the big, amazing reward.

2. The decision has to create value for you consistently and currently.

None of this "it'll pay off in the distant future" or "it just needs some elbow grease" stuff. Whatever you're choosing, make sure it's valuable and has concrete, real-life impact. Or, as Buffett says, the acquisition must have "demonstrated consistent earning power (future projections are of no interest to us, nor are 'turnaround' situations)."

File:President Barack Obama and Warren Buffett in the Oval Office ...commons.wikimedia.org

3. The decision will benefit everyone who's invested in it, and it won't leave anyone hanging.

Buffett wants "businesses earning good returns on equity while employing little or no debt," aka no one who's put time/effort/money/love into said life choice (or business move) will come out at the end with less than what they started with. Makes sense, right? Basically, don't screw people over with the choices you make. Have some heart and fairness.

4. Everything necessary for success should already be in place.

Buffett mentions that there must be "management in place" and that his company "can't supply it." Invest time and energy in things that are solid and have demonstrated reliability. That is, "don't build the ship while you sail it." Why? According to Buffett's logic, when making huge decisions, if the part that keeps makes the end result of your decision sustainable is already there, that's a very good sign.

5. The decision may be hard, but the terms should be simple.

Buffett wants simple businesses, saying — in his awesomely straightforward way — "if there's lots of technology, we won't understand it." Life isn't always simple and there's certainly a time for complexity, but the lesson here is a good one: If you're making a huge choice, don't overcomplicate it.


man sitting on mountain cliff facing white clouds rising one hand at golden hourPhoto by Ian Stauffer on Unsplash

6. The options are clear and available.

Buffett refers to this availability, basically saying that the company has to have a price on it already and that his firm doesn't "want to waste our time or that of the seller by talking, even preliminarily, about a transaction when price is unknown." I take this to mean that the choice is a clear action. No negotiations necessary.

Bingo.

Now I'm not saying that this well-to-do investor has all the answers just because he has all the money, and I know it's a little out there to think of these investment acquisition tips as something you can apply to your own, non-billionaire life. But think about it. Fearlessness? Fairness? Preparation? These are some helpful themes we could all probably take a few lessons from.

So next time you're making a big decision, think about them. In a world where financial literacy isn't exactly the norm, looking at how financial greats make their decisions could be an interesting thing to try. Who knows? It might help you.

Pets

Four guys asked their new neighbor if they could walk her dog. Then the dog wrote back.

"If you ever get bored, we are more than happy to look after him/her."

via Stevieticks / Instagram

A black dog and a note form "the boys from number 23."

If you've lived your whole life with a dog, a home has to feel pretty empty without one. Your heart has to feel like there's something missing as well. When Jack McCrossan, originally from Scotland, moved to Bristol, England with his three friends, they were bummed out to learn that their landlord didn't allow dogs.

So when they saw a beautiful black Sheprador (a German Sheppard Lab mix) in their neighbor's window, they knew that had to become buddies with her. They wrote the dog's owner, Sarah Tolman, a letter asking to arrange a play date with the dog. "If you ever need someone to walk him/her, we will gladly do so," they wrote.

"If you ever get bored (we know you never will, but we can dream), we are more than happy to look after him/her. If you want to come over and bring him/her to brighten our day, you are more than welcome. If you want to walk past our balcony windows so we can see him/her, please do," the letter continued.


"We hope this doesn't come too strong, but our landlord won't allow pets, and we've all grown up with animals. The adult life is a struggle without one," they wrote. "Yours sincerely, The boys from number 23," the letter concluded.

Soon after, the boys in 23 received a response from the dog herself, Stevie Ticks, accepting the offer. However, it may have been written by her human, Sarah Tolman. In the letter, Stevie shares a bit about herself, saying she's two years and four months old, was adopted in Cyprus, and that she's "very friendly and full of beans." (The boys shouldn't worry about a gassy hound, in England, "full of beans" means lively.)


"I love meeting new people and it would be great if we can be friends. I must warn you that the price of my friendship is 5 x ball throws a day and belly scratches whenever I demand them," the letter continued. A few days later, the boys got to meet Stevie. "Meeting Stevie was great!" McCrossan told Buzzfeed. "She was definitely as energetic as described. We got to take her for a walk and she wouldn't stop running!"

black labrador, dogs, dog-walkers, kind nieghbors, stevieticks, bristol, ukA black labrador (representative image).via Canva/Photos

Tolman thought the boys' letter was a fantastic gesture in an era where, quote often, neighbors are strangers. "In a day and age where people don't really know or speak to their neighbors, it was really nice for them to break down that barrier," she said. After the story went viral, she saw it as an opportunity for people to share their love of dogs with the world. "My mother and I are amazed at all the love we've received from around the world these past few days," Tolman wrote as Stevie. "If you have a doggo in your life, share that love with those around you."

A lot has changed in the past 6 years since this story warmed hearts around the globe. The boys have since moved away, but as of September 2024, Stevie is around 8 years old and still doing well. Her keeper and Sarah's partner, Chris Bowley, shared an update on Instagram. "[The boys] sadly moved out of Bristol. However, we have always tried to keep the ethos going of Stevie having as many friends and meetups as possible," Bowley wrote.


This article originally appeared six years ago.

Angel statue in Poland

Over the past decade, Scandinavian concepts like ‘hygge’ and ‘lagom’ have dominated wellness and decorating trends. Hygge, a Danish concept without a direct English translation, captures the essence of coziness, warmth, and comfort in one's surroundings—think candles, fireplaces, and strategically placed lamps. Lagom, on the other hand, comes from the Swedes and roughly means “just enough. " This concept preaches finding tranquility in the balance of all things.

Which, you know, is nice. (Who doesn’t want to live in a lovely, snug home and bathe in the warm glow of candlelight?) What idiot would say no to a perfectly balanced life where there’s never too much or too little?

But sometimes, the biggest concern in life isn’t “How can I make this room cozier?” Life comes at you fast. Money arrives, then leaves even quicker. Families disagree, creating generational rifts that seem insurmountable. Governments fail to protect their citizens, exposing them to war, danger, and poverty. What then? Do Europeans have a neat little phrase for that?


white book near mugHygge is nice, certainly Photo by Pavan Trikutam on Unsplash


“Things will work out in the end”

In fact, the answer is yes. Enter 'Jakoś to będzie' (pronounced 'Ya-kosh toe ben-jay'), which literally translates to "Things will work out in the end." This contrasts sharply with the sunny, optimistic advice that often emerges from idyllic nations like Denmark, the Netherlands, and Sweden. “Learning about happiness from the Scandinavians can feel a little like learning about money from a millionaire when you struggle financially,” writes Olga Mecking. “Instead,” she continues, “why not learn from a country that has been through hell and back — multiple times — and is still standing?”


beautiful multicolored buildings Poland is a living testament to the human spirit Photo by Maksym Harbar on Unsplash

Of course, she is referring to Poland, a Central European country that has existed for 500,000 years. As one imagines, there’s a lot of history sandwiched between those 500,000 years, beginning with the Polish state’s establishment during the 10th century. In the 14th century, Poland joined forces with the Grand Duchy of Lithuania, culminating in the formation of the Polish-Lithuanian Commonwealth—one of Europe’s largest and most populous nations. Then, the strife: during the 18th century, the Commonwealth began to decline, eventually leading to the last King of Poland, Stanislaw Augustus, abdicating the throne in 1975. From there, many wars, insurrections, and violent protests were mounted against the country’s forced partitions, upheld by unwelcomed, occupying armies. However, Poland would not see independence again until 1918, when the Allies agreed to the country’s reconstitution in the aftermath of World War I. From there, even more chaos ensued. Devastation reigned during World War II, as much of the country fell into Nazi Germany’s hands, and Poland saw the near-annihilation of its Jewish population during the Holocaust.

Poland stands today not just as a country but as a powerful testament to the strength of the human spirit: despite the traumas that may come, optimism is always available to us. ‘Jakoś to będzie;’ “things will work out in the end.”


The true meaning of ‘jakoś to będzie’

Much like the country it hails from, the concept of ‘jakoś to będzie’ is all about resilience and grit in the face of life’s darkest and most uncertain moments. “It’s the unwavering certainty that we can do anything, no matter what obstacles we face along the way,” says Beata Chomątowska, co-author of “Jakoś to będzie. Szczęście po polsku” (or “Jakoś to będzie, the Polish way of life”). Meanwhile, the BBC describes ‘jakoś to będzie’ as “the perfect philosophy for tough times.”


brown and green concrete building under white sky during daytimeIt's Poland's philosophy for hard times. Photo by Zhi Xuan Hew on Unsplash

In some circles, ‘jakoś to będzie’ is presented as the anti-‘hygge’. While the latter encourages us to retreat into comfort, to adorn ourselves in cozy objects and fuzzy socks, the Polish approach embraces uncertainty head-on. This isn’t the time for hiding under a blanket with hot cocoa; ‘jakoś to będzie’ stresses the importance of acting without overthinking the consequences. It’s a peculiar philosophy that could only emerge from a country that has endured some of the most brutal hardships in history.

So, in an increasingly erratic, unknowable world, it might be wise to borrow a page or two from this Polish school of thought. Whenever a scary, daunting challenge arises—personal crises, difficulties at work, attempts to navigate any number of global problems, etc.—instead of falling into despair, try channeling a bit of this Polish spirit instead. Don’t overthink. Take that risk. Make something happen. ‘Jakoś to będzie’ — somehow, everything will work out. Moving forward is always better than staying still, no matter how frightening. Or, as Polish author Daniel Lis puts it, “[Life] is always a bit of adventure.”

Diane Tirado/Facebook

Left: Teacher Diane Tirado. Right: The note she left for students after being fired.

If you're of the mind that kids today are being coddled and not properly prepared for the real world, well, you might want to buckle up for this one. The story out of a public school in Florida has parents and teachers alike up in arms.

A Florida teacher was fired for giving her students zeros for missing assignments. Diane Tirado has been a teacher for years. Most recently, she was an eighth-grade history teacher at Westgate K-8 School in Port St. Lucie, Florida. Diane recently gave her students two weeks to complete an Explorer notebook project, but several students simply didn't hand it in. Since there was zero work done, Diane gave them zeros.

She got fired for it.

schools, teachers, education, grades, students, parentsMichael Scott from The Office saying "What?"Giphy

The elementary school has a rule called the “no zero policy."

The lowest possible grade that teachers can give students is a 50, even if they don't turn anything in. That means that an extremely poor completed assignment is worth the same number of points as no assignment at all.

Hardly seems fair, right? Westgate is far from the only school that has such a policy, however.

whiteboard, education, classroom, teacher, middle school, 8th grade A message written on the whiteboard for her students after Diane Tirado was firedDiane Tirado/Facebook

It's a rule that Diane, unsurprisingly, does not agree with. After she was fired for disobeying, she left her students a charming goodbye message on the whiteboard.

"Bye kids. Mrs. Tirado loves you and wishes you the best in life. I have been fired for refusing to give you a 50 percent for not handing anything in. Love, Mrs. Tirado"

The scale, as outlined by the school, reads as follows:

A = 90 to 100
B = 80 to 89
C = 70-79
D = 60-69
F = 50-59

Diane later shared the story on Facebook, hoping to spread awareness about the school's policy.

“A grade in Mrs. Tirado's class is earned," she said.

“I'm so upset because we have a nation of kids that are expecting to get paid and live their life just for showing up and it's not real."

Diane's post has gone viral, and most commenters agree with her position – it's not fair to hand out grades for work that doesn't exist.

No zero policies are common in many schools, and teachers notoriouslyhate them. But it's at least worth considering why they exist. Some educators say it's because when a student earns a zero, it's very difficult for them to ever recover their grade in that class. In other words, it may be too harsh. Others argue that, if you don't want a zero, don't turn in nothing! Getting an earned-zero is a great way to learn to at least try.

A follow up statement from the school stated: "Ms. Tirado was released from her duties as an instructor because her performance was deemed sub-standard and her interactions with students, staff, and parents lacked professionalism and created a toxic culture on the school’s campus. ... During her brief time of employment at West Gate, the school fielded numerous student and parent complaints as well as concerns from colleagues. Based on new information shared with school administrators, an investigation of possible physical abuse is underway."

However, school representatives did not deny the existence of the no zero policy, and Tirado claims the school engaged in a smear campaign after she became a "whistleblower" on their policies. She's currently considering legal action against the district.

Still, the debate over the grading policy rages on.

“The reason I took on this fight was because it was ridiculous. Teaching should not be this hard," Diane said.

This article originally appeared 6 years ago.

@trace.gotsis/Instagram

This probably fed the entire staff too.

Mothers need support from their partners during all stages of pregnancy, but especially while going through postpartum. And while having basic needs met, like doing a fair share of the domestic chores, making sure supplies are replenished, doing night feedings, etc. are vital, a little pampering also goes a long way for making mom feel taken care of and helping to boost her mood.

And what constitutes grade-A pampering? FOOD. Glorious, indulgent food. Especially after nine months of having to abstain from many, many no-no foods and drinks. In this regard, a McDonald's order might taste just as luxurious as a Michelin meal. Hopefully dad/partner knows his lady’s cravings well enough to know which route to take.

One dad (@trace.gotsis on Instagram) certainly understood this assignment to the nth degree, showing up with a literal GONDOLA of fresh sushi that was pretty much an edible work of art. His wife apparently had an epic meal before the baby even got its name.

Watch:

Needless to say, folks were impressed.

God I see what you’ve done for others 😭

Best way to propose to me.

“What an absolutely epic moment”

“If i ever have a husband and he does this i will marry him again and then 10 more times after that. 😫😫”

That goes for the dudes too.

"Brother, how can one become your wife?"

Many joked that the newborn’s name should be sushi-related.

You better name that baby Nigiri.

Just call him…baby sashimi

So did you name it Noah or Sushi? Gotta know.

Turns out, they would name their little guy Alfie. Which is probably better than a food name in the long run.

Sushi, like soft cheese, alcohol, and caffeine, is off-limits to pregnant women. Sushi in particular can expose a growing baby to mercury, bacteria, and other harmful parasites. That said, Healthline does say that sushi rolls with low mercury cooked fish can be consumed, like spicy crab rolls, spicy shrimp rolls, chicken katsu rolls, or vegan rolls like cucumber avocado rolls and shiitake mushroom rolls. Probably doesn’t hit quite the same, but might satisfy those cravings nonetheless.

sushi, pregnancy, safe pregnancy foods, sushi rolls, new parentsRows of sushi rolls.

And hopefully moms and moms-to-be have partners who know how to show up and anticipate needs during those intense craving moments, and beyond. That, and helping to make sure she can rest and that spaces are clean and comfortable, will help take off some of the load. Even still, those postpartum blues may come, but boy, does it make a difference.

It probably goes without saying that this type of support needn't show up in the form of a huge sushi boat, but hopefully this does offer up some inspo.



Biker stops to push elderly man home after his shoe broke

Twenty-year-old Idris Shehu, known as cold_r6 online, loves riding his red Yamaha motorcycle and recording each ride on a GoPro strapped to his helmet. On one of his rides, Shehu noticed a man sitting on the padded seat of his wheeled walker and seemingly struggling with the straps on his shoe. Shehu was riding on the other side of the street when he saw the man, but instead of passing him by, he did a U-turn to check on the elderly individual.

What ensued is beyond heartwarming. The act of selflessness happened in April 2024 and was one of his last interactions caught on his GoPro before a motorcycle accident claimed his life just several months later. Recently the clip of his kind act was shared on the social media platform Reddit where it has been racking up views.

In the short video you see Shehu pull up next to the man sitting on his walker to see if he needed assistance. The 20-year-old Farmington State College sophomore asks several times if the man is okay but it's unclear if the man responds. That's when the motorcyclist hops off his bike to try to offer assistance. The older gentleman was wearing black sandals with Velcro straps, but one of the straps appears to be undone.

motorcycle, ride, gopro, good deed, cyclistman riding motorcycleGiphy

Shehu asks if he can strap the shoe for the man, then tries several times to get it to stick before telling the unnamed man, "I think your Velcro's ruined." It was then that the man says he just wants to get home. Clearly the elderly man was unable to walk or scoot the rest of the way home with his broken strap. The man tells Shehu that he lives around the corner and that's when the kind motorcyclist asks if he wants to be pushed, and push him he did.

As the college student pushes the elderly man home, the man asks him about his motorcycle before admitting he once had a Honda 450. The two talked bikes as they maneuvered over bumps and even got strange looks as one person stopped to see if they were all right. Shehu had never removed his helmet so from the outside people could only see a guy in full motorcycle gear pushing an elderly gentleman down the sidewalk. It was likely a sight to see, but eventually they made it back to the man's apartment where they were promptly greeted by a cat.

Shehu was so gentle and kind with the man, it's no wonder that not only did he warm hearts with this interaction, but followers of his accounts flocked to his page to leave well wishes after his final journey.

"The most excellent content. I’m going to sign off the internet for a while after this post so nothing undermines how much I’m smiling right now. Just want to ride the happy wave of seeing human empathy and compassion shine. The 'oh look at the cat!' at the end sent me into another stratosphere," one person writes.

"Imagine how great America could really be if everyone has this level of empathy and compassion. It's people like this guy who restore my faith in humanity," another shares.

motorcycle, motorcyclist, helmet, bike, peopleGoing for a rideGiphy

On the biker's video posted to his own social media page, people share heartfelt messages:

"Rest in peace honey you are a great loss to this world but at least now you can ride forever without knowing anymore pain!!! Ride fast, ride easy, ride high."

Another shared, "This is the first video I saw of you and it's the one I'll remember for life, hold on tight up there."

It's unfortunate such a kind soul was taken so soon but what a sweet memory he leaves behind, not only for the man he helped but for his family, friends, and followers. May people learn from his selfless act of kindness and be inspired to do the same.