Buffett wrote, “We've never succeeded in making a good deal with a bad person.”“Conversely, we do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business,” he added in his letter.
“I learned to go into business only with people whom I like, trust, and admire. As I noted before, this policy of itself will not ensure success: A second- class textile or department-store company won’t prosper simply because its managers are men that you would be pleased to see your daughter marry."
In my line of work I have done thousands of deals, with many, many people over the years. Of all types. Buffett's words ring so true to me. If your spider sense knows that a person is a jerk, it will be born out in time. It is never worth it in the long run. And first instincts are rarely wrong about a person. Like the parable of the scorpion and the duck.
I could illustrate with specifics but I won't. There are people who you can and can not do business with. And sometimes it is not a matter of a good or bad person, it is mere chemistry. The important thing is that both sides must win. Some people never get that. Steer clear of assholes.
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