Chapter 5. Victor or Victim?

                Warren's secret for Picking a Leader out of the Pack... 에서 발췌한 내용

In discussing the difference between victor and victim mentality, psychologists talk about the locus of control.

If you have an internal locus of control, you blame yourself when something goes wrong. You believe that you are in control of your fate and that you have the control of the outcome, and if you fail, it's because of your own actions and no one else's. But if you have an external locus of control and something goes wrong, you blame everyone but yourself.

As a young man, Warren was deeply influenced by his father, Howard, who has a strong internal locus of control. When the Great Depression hit, Howard started a succesful new business. When he disagreed with what was going on in the goverment, he got himself elected to Congress. This taught Warren that he, not the world, was in control of his life and that he, not the world, would determine what his life would look like.

<Warren Buffett's Management Secret> written by Mary Buffett & David Clark