What is the Warren Buffett Discount
In "What is the Warren Buffett Discount? Making Money the Old-Fashioned Way: Ethically," August Turak tackles the pervasive myth that ethics and profit are mutually exclusive. Amidst a landscape marred by corporate scandals and ethical breaches, Turak offers a refreshing perspective that challenges the notion that high ethical standards come at the cost of financial success.
Drawing from his own experience, Turak reveals how his company operated with exceptional ethical integrity—never facing lawsuits and achieving remarkable financial stability without conducting credit checks. This talk dispels the misconception that ethical behavior hinders profit, instead showcasing how trust, cultivated through ethical practices, can serve as a powerful, low-cost, and virtually limitless driver of business success.
Turak not only addresses the failings of current ethical training programs but also introduces a proven methodology for embedding ethical behavior into the fabric of a business. By illustrating how ethical practices can be seamlessly integrated into business operations to enhance trust and profitability, Turak provides a compelling argument for why adopting high ethical standards is not only the right choice but also a strategic advantage.
AUGUST TURAK FOUNDATION
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