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Warren Buffet reveals the one way to increase your worth by 50%

Investor Warren Buffet arrives for the premiere of the film "Wall Street: Money Never Sleeps" in New York September 20, 2010. REUTERS/Lucas Jackson (UNITED STATES - Tags: ENTERTAINMENT PROFILE BUSINESS)

If there’s one man you should listen to on making money and being powerful, it’s Warren Buffet.

And, he’s revealed the one skill you need to get ahead: communication.

In a video posted to LinkedIn, Buffet’s one tip was: “Invest in yourself”

“One easy way to become worth 50% more than you are now, at least, is to hone in your communication skills,” Buffet told 22-year-old entrepreneur, Michael Hood, who co-founded the startup Voiceflow.

“If you can’t communicate, it’s like winking at a girl in the dark - nothing happens.”

“You can have all the brain power in the world, but you’ve got to be able to transmit it. And the transmission is communication,” he said.

But it’s not something that always comes easily, Buffet said.

“Up until the age of 20, I was absolutely unable to speak in public,” he told Gillian Zoe Segal in an interview for her book Getting there: A book of Mentors. “Just the thought of it made me physically ill.”

It wasn’t until Buffet started teaching to practice his public speaking skills that he became good at communicating.

“I knew that if I did not speak in front of people quickly I would lapse back to where I’d started. I just kept doing it, and now you can’t stop me from talking.”

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Yahoo Finance's All Markets Summit event is on September 26th this year. Source: Supplied