How to Invest Like Warren Buffett Essay Example for Free

How to Invest Like Warren Buffett Essay Introduction Simplicity is the best word to describe the life of philanthropist and mega-billionaire Warren Buffett. The same single word also depicts his multi-billion worth of investment principles and strategies (Cunningham, 2008, p. 18). For more than fifty years Buffett was able to build a multi-billion investment empire with his simple investment philosophy. Like his more than 60 billion dollar fortune under his name, Buffett, who is by far the greatest philanthropist of all time for donating almost all of his wealth to the Bill Melinda Gates Foundation, is also one of the most observed and most admired personalities in business with countless of articles, books and blogs written about him. If most common people look at him as the most generous man in the world today, people in the corporate world regard him as the greatest guru— or even ‘God’— in the realm of investment. With his great fortune, he is considered ‘God’ in investment because of his ability to spot real value when everybody focuses their attention on market movements and because of his unparalleled skills and knowledge to transform simplicity into greatness. If most billionaires like Bill Gates and Lakshmi Mittal built their business empires through managing profitable technology corporations and industrial firms, Buffett made billions by simply knowing how and when to invest his money. How He Started To know more about the investing secrets of Warren Buffett, it is necessary to look at how he managed his most precious property— his life, and how he lives it (Schroeder, 2008, p.1). He learned how and when to earn money at an early age, and he filed his first income tax return when he was only 13 (Sosik, 2006, p.149). Buffett’s value investment career started when he put his money in Berkshire Hathaway, a little known and ignored holding company based in Omaha, Nebraska in the 60’s. Now everybody is startled to know that if you invested $10,000 in the company in 1965, the value of that money today would be more than $30 million (Investopedia Staff, 2007). If his close billionaire friend Bill Gates dropped out of Harvard University to focus on Microsoft Corporation, Buffett, who is known in the business world as ‘Oracle of Omaha,’ was rejected by Harvard Business School. This experience somehow taught him a great deal not only about business but also about life. To most people Harvard is one of the best, if not the best, schools in the world, but Buffett thought otherwise— his basis of choosing school was not the institution, but the people who would impart the requisite knowledge and values. So when asked about his mentors, Buffett only had three people on top of his mind— his father, Benjamin Graham, and Phil Fisher. His father— Howard Buffett— taught him the positive values he needed to live, while Graham and Fisher taught him the basic principles in investment and how to make money in this profession. His investment style is consisted in the following rubric— think outside the box. When he graduated from college, he wanted to make money in Wall Street, but his father and Graham discouraged him (Miles, 2004, p. 30). The two believed that there were great opportunities waiting for him outside Wall Street. That was the time when everybody wanted to work on Wall Street and when everybody focused their attention on the stock market. Buffett believes that stocks are more than just an asset or capital; it is business. His Philosophy It would be futile to know the secrets of his billion dollar secrets without knowing how he thinks and what he believes in. Unfortunately, most of his biographers failed miserably to look into what is in the mind of the world’s greatest investor. In fact, a review of some literatures and articles would reveal that they just focus on the extrinsic side of Warren Buffett; they failed to look at the intrinsic aspect of his life. Many believe that his philosophy is consisted in these two major Buffet rules— first, never lose capital; and second, don’t ever forget the first rule (Miles, 2004, p. 70). It would be best to say that this does not embody Buffett’s philosophy but rather his tactical investment approach. A business philosophy is something that one holds as his primary direction in life— the fountainhead of his concepts and beliefs, the beacon of his goal, and the reason for living. Buffertt’s business philosophy can be expressed by his following simple quote— â€Å"Be feaful when others are greedy and be greedy when others are fearful† (Hagstrom, 1997, p. 52). Essentially this buffett-line expresses the inherent nature of free-market system, which he and his friend Bill Gates have in common. Under a free-market system, it is rational and ethical to be greedy, since the primary goal of a capitalist is not just to earn profit but to expand it and ensure that it creates limitless profits and opportunities. For some this statement may sound ironic or paradoxical since it contradicts the popular or media-fed persona of Warren Buffett. With this belief— that greed is good, Buffett was able to transform his meager investment into a multi-billion dollar empire that even exceeded that of Gates and Mittal. His investment experience proves that by creatively and greedily investing one’s money— one can make a good or even great fortune out of creative value investment. So what does it take to be like Warren Buffett? Definitely it takes a rational and moral philosophy, proper knowledge, and non-conventional investment point of view to follow the billion dollar investment footsteps of Buffett. But what is the role of philosophy in Warren Buffett’s billion dollar investment strategy? The problem with most people is that they tend to mainly focus on tips, secrets, or strategies. Most successful people did not achieve their status by keeping ‘success secrets’ or ‘strategies’ but by putting into action a rational philosophy that motivates and creates values. A simple look at the life and investment career of Buffett would reveal that it is his rational philosophy that continues to motivate him— that keeps on pushing him to do what he does best. As what Fridson said, budding investors must focus on â€Å"uncompromisingly rational investment philosophy† of Warren Buffett. This is because investment secrets or strategies can be absorbed or learned in a very short span of time or even overnight, but it takes an indefinite period of time to absorb and embody a rational philosophy to translate these secrets or strategies to reality. Of course, this billionaire will not exactly say what people would like to know. Contrary to the many written articles about his investment secrets or strategies, Buffett’s secret is in fact consisted only of three simple words that should be practiced everyday— â€Å"read, research, and think† (Miles, 2004, p. 70). Vague and ambiguous as it may seem but this three-pronged strategy is what Buffet practiced and embodied throughout his more than fifty years in the world of investment. That is why it is stressed in this paper that simplicity best describes the life and investment principles of Buffett. For example, this read-research-think approach of Buffett is the essential element of his cigar-butt investment method. Buffett in fact creatively applied this three-pronged approach in his early years as a value investor. Unlike most investors, Buffett put much premium on his rational judgment than on what most people see in the market. His investment style can be likened to that of a diamond prospector. He knows how to assess which diamond is real or not in just a single glance. He reads, he researches, and he thinks. His Investment Strategy Buffett’s investment strategy is governed by two rules and a number of principles. These dual rules have been mentioned above. This sets the difference between his investment philosophy and his investment strategy. Thus in this paper, Buffett’s investment strategy is composed of rules and principles. Under his primary rule, it is not sensible or moral for an investor to invest and then later on lose his money. Thus this can be avoided by paying attention to his three-pronged investment approach— read, research, and think. By following the aforementioned approach, a young investor may be able to discover several things that are essential in investment’s decision-making process. Buffett considered Graham as his investing mentor. According to Miles (2004, p. 72), it was the Graham school from which Buffett learned not just the basics but also the quantitative principles in investment. On the other hand, he learned a great deal about Fisher’s qualitative side of investment, such as brand, management skills, soft skills, and competition. Thus he said: â€Å"I am an active reader of everything Phil Fisher has to say† (Miles, 2004, p. 72). Now every promising and even established investor is eager to hear what he has to say. Despite his unparalleled success as an investor, he still gives credit to his two mentors, as he likes to say that he is 85 percent Graham and 15 percent Fisher (Hagstrom, 1997, p. 27). The reason why it is important to read, research and think is because in investment, it is highly indispensable to consider the following aspects: a) study the business; b) know well who runs it; c) put money in profits; and the most important of all d) have self-esteem. On the other hand, Buffett’s basic steps when investing are the following (Miles, 2004, p. 70): Determine how much you own Conduct research before buying Focus on business ownership not on stock ownership Simplify investments to manageable proportions Keep a single decision to hold a stock and be a continuing holder For example, before investing his money, Buffett researched first the nature and potentials of Gillette, which is still the world’s top producer of razor blade. Warren’s holding company Berkshire Hathaway invested $600 million in Gillette in 1989; four years ago it already owned 11 percent of said company. This means that from the original $600 million investment, Warren’s holding company’s investment grew up to over $3 billion. When he decided to purchase Gillette, he did not mind its value in the market but the potential profits it could muster in the long run. As a value investor, Buffett put money in securities with low prices according to their intrinsic value. In determining the value of a stock, there is no commonly acknowledged method to get the right figure. Basically, the focus of value investors is not on what the market says but on what the company’s potentials and fundamentals offer. This is because there are some companies that are undervalued by the market yet with good potentials to grow and rake in long-term profits. This is the attitude that Buffett showed to modern investors. Markets only reflect the short-term value of a company, and it takes proper knowledge, better understanding, and courage to discover which company is undervalued and has the capacity to establish a long-term profit-making success. His investment methodology Buffett’s methodology is composed of quantitative aspects in value investment. Under this process, he considers the relation between a stock’s quality and its value. Based on his method, the return on equity is equivalent to net income over shareholder’s equity (Investopedia Staff, 2007). One thing that Buffett considers is debt/equity. Before investing, he conducts research whether a company kept away from excess obligation. This is actually a basic principle in investment— do not invest in a company with huge debt. To Buffett, a debt-ridden company has a low capacity to guarantee return on equity. Debt/equity can be measured by dividing the total amount of obligations by shareholders’ equity (Investopedia Staff, 2007). If a company has more debt than equity, it is not advisable to put money in such company since it uses debt to finance its assets and operations. For instance, a company that has a higher ratio of debt vis-à  -vis equity has an unpredictable earning capacity and is prone to high interest expenses (Vick, 2000, p. 169). When one is investing in a particular company, it is advisable to look at the long-term obligation rather than the total amount of debt. Another aspect that is considered by Buffett is the profit margin. However it is not only important to know if a company’s profit margin is high, what is more important is to know whether it is growing. The capacity of a company to earn long-term profits relies not merely on having a positive profit margin but on constantly expanding this profit scope as well. The attitude of Buffett towards investment can be explained by how he managed Berkshire Hathaway. He purchases stocks to keep the same and he does not look at stocks as a commodity that can be bought and sold but as a business entity. His investment style is simple— he buys stocks and treats them as his own business, and this business makes profits not just for a short span of time but for as long as it stays profitable. He also considers the age of the company— the longer the better. Those that stay in the business for at least ten years are good investment opportunities. Since Buffett admits that he only has a limited knowledge in technology corporations he only puts money in a business which he absolutely understands. He puts much premium on longevity, and this principle brought him where he is right now. When he invested in Berkshire Hathaway, he envisioned of a long-term business that could earn a limitless amount of profit. This is what he learned from Graham, which most researchers consider as the proponent of old school in investment. Perhaps the new school in investment is the buy-and-sell style of most investors wherein profits are short-term and limited. Interestingly, Buffett also looks at the nature of business of a particular company. If most investors usually look at numerical figures, Buffett focuses on the qualitative sides of a company. For example, if a company depends on a commodity like gas and oil, he thinks that such company only offers limited returns on equity (Investopedia Staff, 2007). If the product of a company is identical from those of its market rivals, he thinks that competition would hamper the profit-making ability of such company. To understand the importance of this approach in investment, it is necessary to look at the biggest stock holdings of Berkshire Hathaway. The holding company owns 9.5 percent of Gillette, which is the leader in razor blade industry (Jubak, 2004). It also owns 9.2 percent or $10.1 billion of Coca-Cola, which is one of the biggest companies in the beverage industry. The other companies which Berkshire has shareholdings are the following: American Express, American Standard, Ameriprise Financial, Anheuser Busch, Burlington Northern, Comcast, Comdisco, Conoco Phillips, Diageo, First Data Corp., Gannett Inc., GAP, HR Block, Home Depot Inc., Ingersoll-Rd Co., Iron Mountain, Johnson Johnson, among many others (Losch Management Co., 2006). Conclusion Billionaire Warren Buffett is indeed an unconventional value investor who thinks outside the box. At a time when most people paid attention to what the stock market says, Buffett relied only on his competent judgment, on his rational philosophy, and on his self-styled investment principles and strategies. That investment philosophy— be greedy when others are fearful put him to where he is right now, with billions of dollars in his. Despite his unmatched success, he remains humble and still retains the ethical values he learned from his father (Boroson, 2002, p. 18). In business, greed is moral and good. In contrast, fear is something that must be overcome to earn limitless profits from investment. Indeed, Buffett attained his unparalleled success by being ‘greedy’ while others cowered in fear of losing their money.   Taken as a whole, his investment tactic can be summarized into three essential principles— a) make your strategy simple and understandable; b) be consistent with your operations and approaches; c) focus on positive long-standing prospects. One interesting point to take into account is that Buffett’s philosophy and investment strategies never contradict each other. When he advises new investors to be ‘greedy,’ he means profits and business. And when he tells people who would like to follow his footsteps to read, research, and think, he would like them to rely on their own judgment and not be affected by other people’s opinion and market trends. With his more than fifty years in business, Buffett introduced the importance of self-esteem in investment. That it is important to rely on one’s moral judgment. By relying on his own judgment, Buffett maximized his profit-making capacity through Berkshire Hathaway. This means that there is no difference between the work ethics and potentials of a value investor and an industrialist. If Bill Gates and Lakshmi Mittal both create technology through their colossal industrial empires, Buffett creates limitless potentials through his creative and self-inspired investment principles. REFERENCES Boroson, W. (2002). J.K. Lasser’s Pick Stock Like Warren Buffett. New York: Wiley Cunningham, L.A. (2002). How to Think Lke Benjamin Graham and Invest Like Warren Buffett. New York: McGrawhill Professional. Losch Management Co. (2006). Berkshire Hathaway Stock Holdings 2006. Retrieved December 11, 2008, from http://www.loschmanagement.com/Berkshire%20Hathaway/Berkshire%20Holdings/2006.pdf Hagstrom, R.G. (1997). The Warren Buffett Way: The Investment Strategies of the World’s Greatest Investor. New York: Wiley. Investopedia Staff (2007, September 21). Warren Buffett: How He Does It. International Business Times. Retrieved December 11, 2008, from http://www.ibtimes.com/articles/20070921/how-he-does-it.htm Miles, R.P. (2004). Warren Buffett Wealth. Principles and Tactical Methods Used by the World’s Greatest Investor. London: Wiley Sosik, J.J. (2006). Leading With Character.   North Carolina: Information Age Publishing. Vick, T.P. (2000). How to Pick Stock Like Warren Buffett. New York: McGrawhill Professional.

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How Seizures affect Brain Activity A seizure is a short occurrence of symptoms that is caused by a burst of abnormal electrical activity in the brain. Customarily, a seizure lasts from a few seconds to a few minutes. There are different types of seizures not just one. Depending on which part and how much of the brain is affected by the electrical disturbance will determine which type of seizure will occur. Experts divide seizures into five generalized seizures, these include: partial seizures, epileptic/non-epileptic seizures, status epilepticus, gelastic seizures and dacrystic seizures. Partial seizures occur when a strong surge of electrical activity affects only a specific area of one cerebral hemisphere. This kind of seizure is subdivided into two categories: Simple Partial Seizures and Complex Seizures. In a simple partial seizure, the effected person will still be conscious and his/her awareness will be retained. In a Complex Partial Seizure however, the subjects’ consciousness is impaired and in some cases maybe even lost. Even though Partial Seizures are mild, they may progress to a much more severe seizure. More people suffer from partial seizures than any other kind. Literally any kind of sensory, movement or emotional action can be altered, including intricate optical hallucinations. Typically in a Simple Partial Seizure, the episode of sudden jerking, sensory phenomena, and transient lethargy would only last half to a full minute. In a Complex Partial, the episode may last up to two full minutes and no less than one. Also in a Complex Partial, the affected may be unaware of setting (surrounding environment), amnesia and confusion may occur and may begin to wander about. Although Partial Seizures affect different emoti... ...y medication used to treat people with epilepsy. One of the studies I went over portrayed that over 10% of patients attending clinics for Epilepsy encounter themselves having suicidal thoughts within the first two weeks. Mild-to-threatening behavior, loss in cognitive skills, amnesia, loss of control, felling fatigued, depression, anxiety, and irrevocably suicidal thoughts are (but not limited to) the affects of Epilepsy on the brain. I personally do not know anyone that suffers from Epilepsy and I am truly grateful for that because after doing all this research I had a life changing epiphany. There is an abundance of people who do not deserve to suffer from epilepsy and there is not ever enough help going on for them. I will definitely be seeing how I can help our fellow brothers and sisters and be a true benefactor for the all, for is this not the ultimate goal?

Lead 200

November 19, 2012| Martin Luther King Jr. | Leader Assessment| | | Dawan Robinson Leadership 200 Dawan Robinson November 19, 2012 LEAD 200 Martin Luther King Jr. ’s Biography Martin Luther King Jr. was born January 15, 1929 and passed away April 4, 1968 in Atlanta, Georgia. He faced many challenges during the Civil Rights movement. Martin Luther King Jr. had been assaulted several times by people on the streets. He received hundreds of phone calls, and letters, which was threatening to kill him. During the movement Martin Luther King Jr. had been arrested more than twenty times.One of the most famous threats was made on Martin Luther King Jr. was on January 30th, 1956. A bomb was thrown into Martin Luther King Jr. ’s house, fortunately nobody was seriously injured. Almost everywhere he went he was harassed. In 1964 he was harassed by a group of black Muslims, they threw stones at him in the streets. On the other hand, in 1957 he was elected president of the Southern Chr istian Leadership Conference, which was a organization made to provide new leadership for the now growing civil rights movement. The ideals for this organization he got from Christianity and its effective methods came from Gandhi.From the time he was elected the president of Southern Christian Leadership until the time he passed he traveled over six million miles and spoke over twenty-five hundred times, going to speak wherever there was injustice, protest, and action. Also, in that time he wrote five books as well as a lot of articles. In these years, he led a big protest in Birmingham, Alabama, that grabbed the attention of the entire world, which gave what he called a union of sense of right and wrong. Martin Luther King Jr. ’s Impact Martin Luther King impacted everyone through a nonviolent protest.He showed love, faith, determination and fearless representation. He didn’t only fight for equal rights but what most people fail to realize is that he was fighting agai nst poverty by recommending that we stop the war in Vietnam and use all of that money to lift our economy so there would be a chance for young Americans of all colors and ages to capture the dream. My personal opinion I felt that when he started speaking out against the war in Vietnam his life was in serious danger. His idea to stop the war and use that money to pull people out of poverty scared the United States government.Martin Luther king demonstrates everything that is good in America. His actions showed that one man or woman can impact the country with a simple message of peace and love through a single nonviolent protest. I would say that Martin Luther King impacted America by teaching us that it’s wrong to discriminate against people. Also, that all people have the right to go to the same school, the same church, and the same restaurants. He fought for the right of his people to be considered equal with each race. What made him stand out to me is that he was a nonviol ent person.He didn't believe in using violence to reach his goal. Many decades later after Martin Luther King Jr. was gunned down on a motel balcony in Memphis, Tenn. , he is still viewed mainly as the black leader of a movement for black equality. Martin Luther King Jr. is remembered as an inspirational speaker, whose leadership came from speechmaking. Speeches like the ‘I Have a Dream' speech at the civil rights march in Washington in August 1963 stimulated people of all races. Martin Luther King Jr. ’s Leadership When people think of Martin Luther King Jr. , they think of a great leader.I think that Martin Luther King’s famous â€Å"I have a Dream† speech shows just what kind of leader he was. He was a man who was very effective at what he did. Martin Luther King Jr. was described by some as having a unique way of getting people to work together rather than fight. Most average leaders will only focus on results, and that would be all. Good leaders focus on the behaviors that will get the results and great leaders focus on the emotions that will drive these behaviors. When thinking of being a great leader you have to be a visionary and be sure to follow that vision.This was back at a time when African Americans had to sit on designated seats on the bus, until King dreamed that America would rise above color. The ability to dream and follow his vision is a powerful characteristic and history shows that some of the great leaders were even greater visionaries. If Martin Luther King Jr. didn’t dream of equal civic rights, we wouldn’t be living in a society where cultural differences are celebrated. Martin Luther King Jr. was a leader who had a lot of self-doubt, and who was aware of his own limitations and his weaknesses.Sometimes he was hesitant to take on the responsibilities that were put on him. For example, during the Montgomery bus boycott, he was worried about the threats to his family. He was more feared rather th an confident and secure in his leadership role. Martin Luther King Jr. ’s ability to deliver a public speech showed his strong leadership, in which that's how he got so many supporters. He was able to persuade thousands of people to believe what he believed in. People began to trust in him and to me that's the number one thing you need as a good leader, the trust of your followers.Nobody wants a modest leader when it comes to getting what they want. Determination and confidence is what made him a fearless leader, who jumped right into the problem and made people love him for his courage to stand up and take on the leadership role. It is recognized that Martin Luther King Jr. ’s leadership styles has proven him to be one of the greatest leaders. Almost in every big city in the United States there is a street or school named after him. This shows how greatly his achievements are misunderstood and most of them are found in black neighborhoods.Throughout this analysis I wi ll be discussing the different variety styles of leadership theories that Martin Luther King Jr. used. He used theories such as, path-goal theory, situational theory, and the servant leadership theory. Path-Goal Theory Defined In addition, when it comes to the path-goal theory it is described to be a leadership concept that the subordinates accept a leader's behavior only so far as they view it as causing an immediate or future benefit. Therefore, a leader's main function is to clear a path to the realization of the ubordinates' goals. They have to decide the behavior patterns that are most relevant in helping the subordinates get what they want. Path-goal theory is used by almost every successful leader. Martin Luther King used path-goal theory, which is designed to show how leaders can help subordinates along the path to their goals by choosing specific behaviors that are best fit to the subordinates needs and to the situation in which subordinates are working. Martin Luther King was a great leader because he was able to direct and motivate subordinates.In my opinion to be a good path-goal leader, a leader has to be focused on being instructive, supportive, participative, and achievement. The leader should be able to adapt and realize what motivates the subordinate. If a subordinate needs to have control on a project, the leader should be participative and provide involvement. On the other hand, if a subordinate has a need for involvement, the leader should be supportive and provide nurturance. The path-goal theory is important because it allows the leader to see what behaviors will affect the subordinate positively and negatively.This theory allows the leader to change their leadership style based on the subordinates’ personality. Martin Luther King wanted people to think differently. I believe that because he wanted people to think differently, helped him remove obstacles for subordinates. It challenged people to make a difference. Most leaders want ed people to do exactly what they’re told, but Martin Luther King wanted people to think outside the box and think differently. Martin Luther King also gave support for subordinates. He supported new ideas that the subordinates came up with and this also helped make things happen, like equality throughout the world.Situational Leadership Theory Defined When viewing the situational leadership theory, it describes this leadership style as belief that effective leadership requires flexibility in leadership styles depending on the situation. In other words, the leader has to adjust his style to fit the development level of the followers he is trying to influence. With situational leadership, it is up to the leader to change his style, not the follower to adapt to the leader’s style. This leadership style may change continually to meet the desires of others in the organization based on the situation. Martin Luther King Jr. s great with using situational leadership. When a d ecision is needed, an effective leader doesn’t just fall into one style, such as using transactional or transformational styles. There are different causes that affect situational decisions, which include the motivation and the ability of the followers. Which, this is affected by causes within the particular situation. With situational leadership, the relationship between the followers and the leader may be another factor that affects leader behavior as much as it does follower behavior in different situations. Martin Luther King Jr. s observation of his followers and the situation will have an affect on what they do rather than the truth of the situation. His perception of his self and other factors such as stress and mood will also change the leaders' behavior in different situations. I believe Martin Luther King follows the situational approach of leadership because he has the ability to adapt to the variety of followers and environments as well as opposing attitudes. I al so believe he was mostly using the coaching style. He was a very supportive person, but at the same time he directed people with his speeches on the direction people needed to go.When looking at the styles approach, I believe he was really relationship oriented. To me this means that he had a lot of concern for the people. When seeing the skills model, motivation was one of the keys to his individual attribute. He had the dream that inspired everybody. He was also great with problem-solving skills and social judgment skills. He was able to get all these people to work with him and follow him to pursue his dream. He was great at adapting to different situations when doing his speeches. He got the vibe from the audiences and adapted from them.He observed his followers and grabbed their attention by relating to the situation at hand, Servant Leadership Defined Servant leadership stresses the importance of the role a leader plays as the factor of the resources of a organization, and tea ches leaders to serve others while still achieving the goals that are set. A servant leader is a servant first, who has responsibility to be in the world, so he contributes to the well-being of people and the community. A servant leader looks to the desires of the people and asks his self how he can help them to solve problems and promote personal development.He puts his main focus on people, because only content and motivated people are able to reach their targets and to achieve the set expectations. Martin Luther King followed the servant leadership theory because he was a servant first who contributed to the well-being of people and the community. He had the ability to be inspired and also inspire his followers. To me Martin Luther King Jr. is one of the most inspirational and influential leaders in recent history. He actually preached and practiced servant-leadership.During a time when fear and segregation took over his country, he picked forgiveness and compromise instead of ge tting revenge and retaliating. He was a representative of positive change, trying to heal a country that was in a bad situation and had people that showed prejudice, hatred, and discrimination. Martin Luther King took on a different approach than what others would do, instead of hating the people who disliked him; he chose to love them instead. He insisted Americans to stop judging and start understanding each other. Like most great leaders, he used his words to empower, heal, and reunite people.A lot can be learned in his â€Å"I have a dream† speech, when relating to servant leadership. I would say Martin Luther King used servant leadership because when he was faced with a problem, he looked for solutions that would benefit everyone, not just him. When something went wrong, he would take the blame. When things went well, he shared the credit with others. He told everyone the same story, even when it was difficult. He knew that he didn't have all the answers, so he looked fo r advice from others. He worked hard and inspired others to do the same as well. Martin Luther King, Jr. is a great example of a servant leader.His life shows the great power of servant leadership to totally change an entire nation. Conclusion In conclusion, Martin Luther King, Jr. accomplished many great things during his life. He has impacted my life deeply. If it were not for him, there would be lots of racism in my school. If this happened, there would be too much attention given to misbehaved students and not enough to my education. When I grow up I want to follow in his footsteps. Just like my hero Martin Luther King, I want to win a Nobel Prize. That would be my greatest accomplishment. Luckily, we had Martin Luther King, Jr. to put an end to racism.There is still some racism, but with Martin Luther King Jr. ‘s words in our heart, we can stop whatever racism there is left. Dr. Martin Luther King delivered the speech many wished they could have written and he inspired li ves others were not able to. He also changed the way of thinking of those who were unaware before his â€Å"I Have a Dream† speech. He definitely made a difference, and continues to inspire people, not only for standing up to everyone and anyone but because he fought through obstacles put in his way and never backing down, and always believing he would accomplish his goal until turning his dream into a reality.Work Cited * Donald T. Phillips. â€Å"Martin Luther King, Jr. On Leadership† Inspiration and Wisdom for Challenging Times. January 1999. New York, New York. * Keith, Kent M. â€Å"The Case for Servant Leadership† Greenleaf Center for Servant Leadership, 2008. Westfield, IN. * Huggins, Nathan Irvin. â€Å"The Journal of American History† Martin Luther King Jr. Charisma and Leadership. Vol. 74. No. 2. September 1987. Pp. 477-481. Mississippi Valley.

Significance Of Behaviorism And Behaviorism Essay - 925 Words

Significance of Behaviorism A rebellion against structuralism and functionalism began in 1913 with what was known as Behaviorism. This revolution was initiated by John B Watson in 1878 to 1958 (Ettinger, Reed, 2013). According to the book Psychology Explaining Human Behavior (2013), Behaviorism is a scientific approach to the study of behavior that emphasizes the relationship between environmental events and an organism’s behavior. The goal of Behaviorism is to recognize the process by which stimuli and responses become linked or related with how we learn. Watson arose to believe that it was impossible to study the mind objectively, the complex human behavior could be evaluated in terms of simple learned associations which led to the early goals of Behaviorism. Ettinger and Reed (2013), suggested the early goal of behaviorism was to discover the rules of association and how combinations of simple association lead to complex behavior. Russian physiologist Ivan Pavlov and an American psychologist Edward Thorndike were both influenced by Watson’s work. This led to new ways of investigating and clues to the rules of association. Behaviorism was profound as an influence on many American psychologists which they began to call themselves behaviorists. Behaviorism is characterized by its insistence upon an empirical, objective science of behaviorism that has no need for theories of mind or personal freedom (Ettinger, Reed, 2013). American psychologist B.F Skinner had aShow MoreRelatedSignificance Of Behaviorism And Functionalism947 Words   |  4 PagesSignificance of Behaviorism A rebellion against structuralism and functionalism began in 1913 with what was known as Behaviorism. This revolution was initiated by John B Watson in 1878 to 1958 (Ettinger, Reed, 2013). 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Although there have been debates on both issues, psychologist acceptedRead More The Relevance of Behavioral Psychology to Instructional Technology1503 Words   |  7 PagesThe Relevance of Behavioral Psychology to Instructional Technology Behavioral Psychology Defined John Watson wrote a paper in the Psychological Review in 1913 and defined behavioral psychology or behaviorism as †¦a purely objective experimental branch of natural science. Its theoretical goal is the prediction and control of behavior. Introspection forms no essential part of its methods, nor is the scientific value of its data dependent upon the readiness with which they lend themselvesRead More John Watson2019 Words   |  9 PagesDoctorate degree in 1903. Dr. John Watson was blessed with his first born child called Mary in 1905 a year he was enrolled in John Hopkins University as an associate professor in psychology. 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