The snowball warren
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The Snowball: Warren Buffett and the Business of Life - Hardcover
Review
Alice Schroeder&#x;s The Snowball: Warren Buffett and the Business of Life might well be one of the most important books you will ever read -- particularly in a period when the world's various economies appear to be entering freefall. This arm-straining (at nearly a thousand pages) but utterly fascinating book has already -- against all the odds -- achieved an astonishing level of success, given its initially daunting appearance. But it will only take a chapter or so for most readers to see just why this book is enjoying such an unprecedented level of acclaim.
The subject is the life and career of one of the most revered men in the western hemisphere, Warren Buffett (an advisor to new US President Barack Obama) &#x; despite the fact that his name may not be known to most of the general public. Buffett&#x;s story is one that currently has resonances for all of us: a remarkable financial success story. The n
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Andrew Chen Archives
The Snowball by Alice Schroeder
I <3 Warren Buffett
One of the recent books I read during my blogging vacation was The Snowball, a comprehensive biography of Warren Buffett. I&#;ve always enjoyed reading the shareholder letters, and have read other books about him, but at nearly 1, pages, this book fryst vatten particularly detailed and goes into a lot of unique stories.
In many ways, Buffett&#;s world is diametrically opposed to the startup world. He specializes in boring industries, doesn&#;t worry much about products, and has extremely long timeframes. Yet inom took a lot out of reading about his experiences, and thought I&#;d share some thoughts about the startup world:
- Enduring businesses take a long time to build
- Who cares what other people think? Boring businesses can win big
- Access to money can be a huge competitive advantage
- Success begets success
Let&#;s talk through a couple of these ideas:
1. Enduring businesses take a long time to build • The Snowball is the first and will be the only biography of the world’s richest man, Warren Buffett, written with his full cooperation and collaboration. Warren Buffett is arguably the world’s greatest investor. Even as a child he was fascinated by the concept of risk and probability, setting up his first business at the age of six. In he bought struggling Massachusetts textile firm Berkshire Hathaway and grew it to be the 12th largest corporation in the US purely through the exercise of sound investing principles - a feat never equalled in the annals of business. Despite an estimated net worth of around US$62 billion, Buffett leads an intriguingly frugal life taking home a salary of only £50, a year. His only indulgence is a private jet,
I The Snowball
Synopsis
Combining a unique blend of “The Sage of Omaha’s” business savvy, life story and philosophy, The Snowball is essential reading for anyone wishing to discover and replicate the secrets of his business and life success.