Summary of The Snowball

Warren Buffett and the Business of Life

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The Snowball book summary
In this compelling bio of Warren Buffett, one image stands out: a childhood portrait with his favorite toy – a moneychanger.

Rating

10 Overall

9 Importance

10 Innovation

10 Style

Review

Warren Buffett is “everyman” as multibillionaire. Despite his vast wealth, he has always eschewed ostentation. He pays himself about $100,000 annually, which in today’s U.S. economy places him in the upper-middle-class. He lives in the same simple Omaha, Nebraska, house that he bought in 1958 for $31,500. He prefers an old gray suit to expensive London tailoring. In Buffett’s early days, when he was only a multimillionaire and not a multibillionaire, he walked around with holes in the soles of his shoes. To Buffett, wardrobe doesn’t matter; what matters is making money. He is better at this pursuit than anyone else in the world. In 2008, Forbes magazine ranked him as the globe’s richest man, with a net worth of $62.3 billion. Author Alice Schroeder does a masterful job of chronicling Buffett’s improbable, inspiring life. As a former superstar research analyst, Schroeder uses her expert knowledge of finance and commerce to detail Buffett’s investment philosophy and business activities. getAbstract praises Schroeder’s remarkable skills as a researcher and writer. Her book is packed with fascinating details and trenchant observations about the “Oracle of Omaha.” One of the best business biographies available, this book shows how the world’s greatest investor amassed the world’s greatest fortune, while staying true to his essential self.

In this summary, you will learn

  • Who Warren Buffett is
  • What his personal and business history is
  • What his investment philosophy is
  • How he became the world’s richest man
 

Summary

The World’s Wealthiest Individual
Warren Buffett earned his vast fortune all by himself. Instead of living amid Wall Street’s bustle, Buffett lives and works in Omaha, Nebraska, a bucolic city in the U.S. heartland. Throughout his career, backwater Omaha has been Buffett’s base, though...
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About the Author

Alice Schroeder, was initially a CPA, and later became a respected research analyst. Impressed with her writing skills, Warren Buffett recommended that she become a full-time writer instead.


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    Jerry R Cole 2 years ago
    The summary provides an excellent overview of the life of Warren Buffett, but note that it does not go into the specific strategies that Buffett uses to identify new investing opportunities.

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