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The Snowball: Warren Buffett and the Business of Life, by Alice Schroeder
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Here is THE book recounting the life and times of one of the most respected men in the world, Warren Buffett. The legendary Omaha investor has never written a memoir, but now he has allowed one writer, Alice Schroeder, unprecedented access to explore directly with him and with those closest to him his work, opinions, struggles, triumphs, follies, and wisdom. The result is the personally revealing and complete biography of the man known everywhere as "The Oracle of Omaha."
Although the media track him constantly, Buffett himself has never told his full life story. His reality is private, especially by celebrity standards. Indeed, while the homespun persona that the public sees is true as far as it goes, it goes only so far. Warren Buffett is an array of paradoxes. He set out to prove that nice guys can finish first. Over the years, he treated his investors as partners, acted as their steward, and championed honesty as an investor, CEO, board member, essayist, and speaker. At the same time, he became the world's richest man, all from the modest Omaha headquarters of his company Berkshire Hathaway. None of this fits the term "simple."
Never before has Buffett spent countless hours responding to a writer's questions, talking, giving complete access to his wife, children, friends, and business associates - opening his files, recalling his childhood. It was an act of courage, as The Snowball makes immensely clear.
Being human, his own life, like most lives, has been a mix of strengths and frailties. Yet notable though his wealth may be, Buffett's legacy will not be his ranking on the scorecard of wealth; it will be his principles and ideas that have enriched people's lives. This book tells you why Warren Buffett is the most fascinating American success story of our time.
- Sales Rank: #591 in Audible
- Published on: 2008-09-29
- Format: Unabridged
- Original language: English
- Running time: 2221 minutes
Most helpful customer reviews
26 of 27 people found the following review helpful.
How to be a billionaire like Warren Buffett? No, but a good way to know the man behind the curtain.
By Mike
If you want some technical tips on how to be the next Warren Buffet, go grab a copy of Ben Graham's Security Analysis from 1934. But if you want a look at the man Warren Buffett, you have come to the right place. Want to know what kind of family man Buffet is? Want to know how a billionaire treats his children? Or how a young millionaire budgets money to his homemaker wife? Fascinating stuff.
You can also learn about his early career and how he got started, as well as his father the politician and the impact that had.
To many of us Warren Buffet is a billionaire investor who knows the ins and outs of Wall Street way better than most of us. Being a financial celebrity, you would expect to find his whole life online. That though isn’t the case with Warren. Little was known about his personal life until Alice Schroeder wrote this book- The Snowball: Warren Buffet and the Business of Life. Reading through the book you will realize that you don’t have to be successful after everyone else has failed. Warren, commonly known as the “Oracle of Omaha” is a financial investor who also doubles up as a mentor. For only $13.84, you will get to meet Warren in this 832 pages book. He will endow you with timeless financial wisdom and proper business ethics that aren’t taught in school.
His practical approach to life will motivate you to kick start your own. The pity party story that one may tend to propagate as reason as to why they aren’t succeeding will diffuse after reading this book. Warren worked to be where he is currently and was never born with a silver spoon. He is a practical inspiration. As you read along, you will learn that no man is an island and that having a strong support system will go a long way in ensuring you succeed. For example, his associate Charles Munger has been his associate since 1959. It doesn’t have to be the perfect system but rather a unit you can count on.
The book is full of insights and it is by reading it that one will be able to grasp and even apply some of the insights in his/her life. Unlike some autobiographies that are boring to tears, this one is different. There are hilarious snippets after every other chapter and with no time you will complete reading the autobiography and even probably re-read it. It will feel just like the first time you opened the book to read. Alice has also included notes to help you understand the book better.
The title of the book is a metaphor that depicts the ever growing wealth of Warren. The book is lengthy and has a lot of details some of which one may not find necessary but the conversational writing that Alice has employed in penning this book will keep you glued to the book. This is a must read book that walks you through the life of a legend.
0 of 0 people found the following review helpful.
A Book for All People
By Matthew Morine
Warren Buffett has interested me for a while now. Of course, everyone knows he is a rich man, but what is interesting is his ability to lead. During my time away, I finished reading this thought provoking book. It is about his life, and his pursuit of wealth and impact in the world. His philosophies are what interests me. He seems to have simple tastes, he has a ethical mindset, though of course, we would probably disagree on some of his stances, but overall, I like his approach to life. I read this book because he has been successful for a long time. What made him not crash and burn like other successful and rich people. The book is interesting because you see his singular focus on understanding businesses and investing. And I believe some of his principles translate to congregational leadership well. One is, trust good people. You have to surround yourself with people who you can trust and are good people. Second, you need to have a bottom to your downside. This is where a lot of churches go wrong. There are changes, but it is too risky, and ultimately fails. Third, be patience, you are not going to get a return quickly, and you need to be patience with people and churches. Fourth, know you will be wrong, but focus on still being right. As leaders, we all make mistakes, but focus not only on the down side, but go for the upside too. There are other lessons that this book dealt with in my context that were helpful too. It is a long read, and it is not a church book, but if you have a interest in this man, and some of his thoughts and background, I truly recommend the book. It was a great read.
0 of 0 people found the following review helpful.
Great story, if a bit euphemistic.
By Baghdaddy
I grew up admiring Warren Buffet. I enjoyed this book. It's great story telling about one of the greatest investor of our time. My only issue with this book is it kinda makes Warren out to be a really good guy. Too good. He's a bit of a hypocrite in real life. A bit more balanced story telling perhaps will portray him truer to life.
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