Dive into the life of Warren Buffett as Alice Schroeder unveils the intricate tapestry of his journey from a young, hungry investor to a renowned financial titan. "The Snowball" illustrates how Buffett's unique philosophy of value investing and his astute decision-making have shaped not only his fortune but also his legacy in the world of finance. Through vivid anecdotes and personal insights, readers gain a rare glimpse into Buffet's thought processes, ethics, and the art of compound interest. This intimate biography challenges conventional wisdom, showing how simplicity and patience can lead to extraordinary success. Discover the secrets behind the ‘Oracle of Omaha’ and learn how small, consistent efforts can lead to monumental outcomes.
By Alice Schroeder
Published: 2008
"The greatest investment you can make is in yourself, and the knowledge you acquire will be with you through every twist and turn of life."
The personally revealing and complete biography of the man known everywhere as “The Oracle of Omaha”—for fans of the HBO documentary Becoming Warren Buffett 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. 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.” When Alice Schroeder met Warren Buffett she was an insurance industry analyst and a gifted writer known for her keen perception and business acumen. Her writings on finance impressed him, and as she came to know him she realized that while much had been written on the subject of his investing style, no one had moved beyond that to explore his larger philosophy, which is bound up in a complex personality and the details of his life. Out of this came his decision to cooperate with her on the book about himself that he would never write. 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. Praise for The Snowball “Even people who don't care a whit about business will be intrigued by this portrait. . . . Schroeder, a former insurance-industry analyst, spent years interviewing Buffett, and the result is a side of the Oracle of Omaha that has rarely been seen.”—Time “Will mesmerize anyone interested in who Mr. Buffett is or how he got that way. The Snowball tells a fascinating story.”—New York Times “If the replication of any great achievement first requires knowledge of how it was done, then The Snowball, the most detailed glimpse inside Warren Buffett and his world that we likely will ever get, should become a Bible for capitalists.”—Washington Post “Riveting and encyclopedic.”—Wall Street Journal “A monumental biography . . . Schroeder got the best access yet of any Buffett biographer. . . . She deals out marvelously funny and poignant stories about Buffett and the conglomerate he runs, Berkshire Hathaway.”—Forbes “The most authoritative portrait of one of the most important American investors of our time.”—Los Angeles Times
Showing 8 of 28 similar books
Alex Lieberman is the co-founder and executive chairman of Morning Brew, a media company that delivers engaging business news. Under his leadership, Morning Brew has grown to reach millions of subscribers, becoming a significant player in modern business journalism. Lieberman is also known for his insightful commentary on entrepreneurship and media trends. His work has significantly influenced the way business news is consumed by younger audiences. Beyond Morning Brew, Lieberman frequently writes and speaks about the intersection of media and technology, further cementing his role as a thought leader in the industry.
Alexis Ohanian is an American entrepreneur, investor, and co-founder of Reddit, one of the world’s most popular social news and discussion platforms. Ohanian is also a prominent advocate for open internet and net neutrality, and he has invested in numerous startups through his venture capital firm, Initialized Capital. In addition to his work in tech, Ohanian is involved in philanthropy, supporting causes related to women’s rights, education, and social justice. He is married to tennis star Serena Williams, and together they advocate for gender equality and inclusive leadership. Ohanian’s influence in the tech world and his commitment to social impact have made him a respected figure in both business and activism.
Charlie Munger is an American investor, businessman, and philanthropist, best known as the vice chairman of Berkshire Hathaway, where he partners with Warren Buffett. Renowned for his insights on investment strategies and mental models, Munger has significantly influenced the world of finance. His notable literary contributions include "Poor Charlie's Almanack," a compilation of his speeches and writings that distill his wisdom on decision-making and business principles. Munger's work emphasizes the importance of multidisciplinary thinking and continuous learning. Beyond his financial acumen, he is celebrated for his charitable efforts, particularly in education and healthcare.
Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. He is also the author of the bestselling book Principles, where he outlines his philosophy on life, leadership, and investing. Ray is renowned for his unique approach to transparency, radical truth, and thoughtful disagreement within organizations. His insights into economics and investing have made him one of the most influential figures in the financial world. Dalio continues to be a thought leader in business, economics, and philanthropy.
Morgan Housel is a financial writer and partner at The Collaborative Fund, best known for his book The Psychology of Money. His work explores the behavioral side of finance, emphasizing how emotions, history, and decision-making impact wealth-building. Housel’s writing is widely praised for being accessible, insightful, and engaging, making complex financial topics easier to understand. He contributes regularly to financial publications and speaks at conferences on the power of long-term thinking in finance. His book has become a modern classic in the personal finance genre.
David Cancel is a prominent entrepreneur and author best known for his influential work in the tech and startup communities. As the CEO and co-founder of Drift, a leading conversational marketing platform, he has revolutionized how businesses engage with their customers online. Cancel has also authored insightful books such as "Hypergrowth," which offers valuable strategies for scaling startups rapidly. His contributions extend beyond literature as he frequently shares his expertise through speaking engagements and his popular podcast, "Seeking Wisdom." David Cancel's innovative ideas and practical advice continue to inspire and guide entrepreneurs worldwide.
Aileen Lee is a distinguished venture capitalist and founder of Cowboy Ventures, a seed-stage venture capital firm that invests in early-stage technology companies. She is widely known for coining the term "unicorn" to describe startups valued at over $1 billion, significantly impacting how the tech industry views high-growth companies. Lee's keen eye for innovation and her advocacy for diversity in tech have made her a prominent figure in Silicon Valley. Beyond her financial acumen, she has authored insightful articles on entrepreneurship and startup culture, contributing valuable perspectives to business literature. Lee's work continues to inspire a new generation of entrepreneurs and investors.
Chris Powers is a real estate entrepreneur, investor, and founder of Fort Capital, a real estate investment firm based in Texas. Powers specializes in acquiring and developing industrial and commercial properties, focusing on value-add opportunities in rapidly growing markets. He is also the host of The FORT Podcast, where he interviews entrepreneurs, investors, and real estate professionals about their experiences and insights. Powers is a strong advocate for building communities and fostering long-term growth in real estate development. His work has positioned him as a leader in the Texas real estate market and a trusted voice in the industry.
Showing 8 of 20 related collections
“The greatest investment you can make is in yourself, and the knowledge you acquire will be with you through every twist and turn of life.”
The Snowball
By Alice Schroeder
Discover a world of knowledge through our extensive collection of book summaries.
Alice Schroeder is an acclaimed author and financial expert best known for her biography of Warren Buffett, "The Snowball: Warren Buffett and the Business of Life" (2008), which became a bestseller and received critical acclaim for its in-depth analysis of Buffett's life and investment strategies. Schroeder's writing style is characterized by her meticulous research, clarity, and ability to simplify complex financial concepts for a general audience. In addition to "The Snowball," she has written various articles and essays on finance and investing, contributing her insights to both academic and popular publications. With a background in securities analysis and a career that includes working as an analyst and investment banker, Schroeder's expertise lends credibility and depth to her narrative.
Key information about the book.
Buy on Amazon
Buy via BookShopSupport local bookstores: BookShop gives a portion of each sale to independent bookshops!
Dive into "The Complete Guide to Money," where financial wisdom meets practical application. This comprehensive tome unravels the mysteries of personal finance, investment, and wealth-building strategies in an engaging manner. Discover transformative tips for budgeting that can reshape your spending habits and ignite your savings. With expert insights and real-world examples, you'll learn to navigate the complex world of money with confidence. Whether you're a novice or a seasoned investor, this guide promises to elevate your financial literacy and empower your economic decisions!
In "Misbehaving: The Making of Behavioral Economics," Nobel laureate Richard Thaler takes readers on a riveting journey through the evolution of behavioral economics, a field that challenges traditional economic theories. Thaler candidly shares his experiences and groundbreaking experiments that reveal how human behavior often defies rational expectations, leading to surprising choices in everyday life. With a blend of humor and keen insight, he highlights the quirks and biases that influence decision-making, reshaping our understanding of markets and policies. This enlightening narrative not only unveils the complexities of human behavior but also emphasizes the importance of incorporating psychology into economic thinking. Dive into a world where misbehavior leads to profound revelations about the way we live, work, and decide!
In 'I Will Teach You to Be Rich, Second Edition,' Ramit Sethi provides a no-nonsense guide to mastering personal finance with a blend of humor and practicality. He challenges conventional money advice and introduces readers to a unique banking system for maximizing their savings. Through straightforward strategies, Sethi reveals how to automate finances and invest wisely for the long term. Each chapter brims with actionable tips that encourage readers to take control of their financial futures. With insights that delve deep into psychology and behavior, this book is a game-changer for anyone seeking to build real wealth.
In "Den of Thieves," journalist James B. Stewart pulls back the curtain on the high-stakes world of corporate America during the 1980s. This riveting narrative chronicles the lives of power brokers and insider traders who bent the rules to accumulate unimaginable wealth. As greed intertwines with ambition, a thrilling tale of deception unfolds, leading to dramatic investigations and shocking convictions. Stewart masterfully blends real-life drama with insights into the financial markets, leaving readers on the edge of their seats. Dive into the labyrinth of moral ambiguity and see how far the quest for success can lead one astray!
In "Lives of the Stoics," Ryan Holiday and Stephen Hanselman blend biography with philosophy, illuminating the lives of history's most influential Stoic thinkers. Each chapter reveals not just their teachings, but the trials, triumphs, and personal struggles that shaped their philosophies. Discover how figures like Seneca and Epictetus navigated adversity, power, and personal loss, offering timeless wisdom for modern dilemmas. The book invites readers to ponder how these ancient insights can be harnessed to cultivate resilience in today's chaotic world. Are you ready to explore the transformative power of Stoicism through the lives of its greatest practitioners?
In "How to Think Like a Roman Emperor," philosopher and historian Donald Robertson intertwines Stoic philosophy with the life of the revered Marcus Aurelius, offering insights on resilience and self-mastery. Through captivating anecdotes and practical exercises, readers are encouraged to adopt the mental strategies of Rome's greatest leader to navigate modern challenges. Explore how Aurelius transformed adversity into strength using timeless Stoic principles. This compelling blend of biography and philosophy provides a roadmap for anyone seeking inner tranquility and profound clarity in today’s chaotic world. Discover how to harness the wisdom of an emperor to sculpt your own destiny!
In 'Benjamin Franklin,' Walter Isaacson paints a vivid portrait of one of America's founding fathers, exploring not just his political contributions but also his personal life and philosophies. This engaging narrative delves into Franklin's insatiable curiosity and his multifaceted roles as an inventor, diplomat, and writer. Isaacson uncovers the man behind the legend, revealing Franklin's struggles with his identity and his relentless pursuit of knowledge. Readers will be captivated by Franklin's wit and wisdom, as well as his complex relationships with figures like George Washington and Thomas Jefferson. This biography invites you to discover how Franklin's innovative ideas and candid reflections continue to shape modern America.
In 'Buffett', Roger Lowenstein unveils the fascinating life of Warren Buffett, the oracle of Omaha. This biography paints a vivid portrait of Buffett's unique investment philosophies and relentless pursuit of value. Readers are drawn into the world of one of the wealthiest men, revealing the secrets behind his long-term success and humility. Learn how Buffett's upbringing and experiences shaped his extraordinary strategies in an unpredictable market. This compelling narrative will leave you intrigued by the man behind the fortune and the timeless wisdom he imparts.
Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.
