Warren Buffett generally likes to take a hands-off approach when it come to investing in companies, but he has some advice for CEOs on how to run a business better. Warren Buffett, generally speaking, likes to take the hands-off approach with companies he and Berkshire Hathaway invest in.
Harvey Schwartz is the president and co-COO of Goldman Sachs. When he first started managing hundreds of people, he was too nervous to make any meaningful decisions. Goldman Sachs CEO Lloyd Blankfein told him it was OK to make a mistake — and Schwartz learned to trust his own judgment.