Question

Why does Warren Buffett think that the five most dangerous words in business are “everyone else is doing it”?

Answer 1

Answer:

Warren Buffet thinks that the five most dangerous words in business are "everyone else is doing it" because people follow misguided approaches simply because all people follow it. They don't follow their true passion, which actually separates the most successful people from everyone else.

Explanation:

Warren Buffet is considered one of the richest businessman in the world. He is the CEO of Berkshire Hathaway, an American company. He is also regarded as a successful investor.

Much of Warren Buffet's success is deeply rooted in his business principles and practices. He's also popular for stating that the five most dangerous words in business are "everyone else is doing it." He believes that people shouldn't follow what other people are doing in order to be successful, instead they should follow their own passion. This can make them more creative and help come up with better decisions.