Warren Buffett is a high-profile public figure who comes off as gregarious and folksy in his interviews and appearances. Based on his easy manner, his obvious delight in storytelling, the raptness of hisaudiences, and his willingness to endure the shame of strumming a ukulele in public, we might be inclined to think of him as an extrovert. Nonetheless, the “Oracle of Omaha” is often cited as a case study in introverts as effective leaders.
For the past several decades, Buffett has been a regular on “World’s Richest” lists, which tends to imbue one’s words with a certain amount of heft and keep audiences on the edges of their seats.
As a younger man, though, he struggled to persuade others of the value of his ideas. And even though he has largely overcome his challenges in communicating, his life and career are defined by many of the typical traits of the introvert.
Early glimmers of introvert genius...
NEW YORK, NY - JANUARY 19: Warren Buffett attends the "Becoming Warren Buffett" World Premiere at The Museum of Modern Art on January 19, 2017 in New York City.
Warren Buffett’s Berkshire Hathaway is said to be preparing to invest at least $285 million in the Indian company that runs the popular digital payments and online financial services firm, Paytm.
The Mumbai-based Economic Timesreported the talks Monday, noting that if Berkshire follows through by paying $285.4 million to $356.7 million for a 3-4% stake in One97 Communications, it would be Buffett’s first direct investment in India.
Bloomberg subsequently reported that Berkshire has agreed to buy the stake, and a formal announcement will follow in the next few days.
PayTm is India's top mobile payments firm.
ùWarren Buffett's company has taken a stake in One97 Communications Ltd, which owns Paytm,
Berkshire Hathaway(BRKA) had been discussing for several months an investment of about 25 billion rupees ($360 million) that would value Paytm at around $10 billion, a source familiar with the transaction told on Monday.
There are lot of tractions made in India by PayTm app. This market is going to be very competitive, and you need deeper pockets to survive for a long time.
paytm transction on indias street with QR codes
Paytm is India's biggest online payments firm with more than 300 million users.
Indians love to do business in cash, and most transactions in the country are still conducted in rupee notes and coins.
But Prime Minister Narendra Modi's shock decision to ban 86% of India's cash in November 2016 gave a big boost to online wallets such as Paytm, which signed up around 10 million new users within a month.
It is the market leader in mobile payments, with more than 300 million users, and has also started an online retail platform called Paytm Mall to take on Amazon(AMZN) and Flipkart, which was bought byWalmart(WMT) earlier this year.
India's large young population with growing disposable incomes make it a hugely promising market for mobile payments and online shopping, said Kenny Liew, an analyst at research firm Fitch Solutions.
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