The Snowball Book Summary

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 SnowballBook binding

Start Listening to Book Summary

0:000:00

Book Review of The Snowball

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

Book Overview of The Snowball

About the Book Author

A

Alice Schroeder

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.

Book Details

Key information about the book.

Authors
Alice Schroeder
Published
September 2008
Publisher
Bantam
ISBN
0553805096
Language
English
Pages
1010
Genres
FinanceBiographyEntrepreneurial Biographies

Purchase Options

Amazon logoBuy on Amazon
BookShop logoBuy via BookShop

Support local bookstores: BookShop gives a portion of each sale to independent bookshops!

Similar books you might like →

Dave Ramsey's Complete Guide to MoneyBook binding

Dave Ramsey's Complete Guide to Money Book Summary

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!

Dave Ramsey's Complete Guide to Money
Dave Ramsey
I Will Teach You to Be Rich, Second EditionBook binding

I Will Teach You to Be Rich, Second Edition Book Summary

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.

I Will Teach You to Be Rich, Second Edition
Ramit Sethi
Black EdgeBook binding

Black Edge Book Summary

In "Black Edge," investigative journalist Sheelah Kolhatkar delves into the high-stakes world of hedge funds and the enigmatic figure of Steven A. Cohen. As she unravels the saga of insider trading, greed, and Wall Street's murky ethics, the book pulls readers into a gripping tale of ambition that spans decades. With intellectual prowess and audacious risk-taking, Cohen's rise to power raises questions about the moral compass of finance. Kolhatkar's penetrating analysis unveils the dark side of wealth and the relentless pursuit of success, leaving readers questioning the true cost of ambition. Will you dare to uncover the secrets of a financial titan and the shadowy underworld they inhabit?

Black Edge
Sheelah Kolhatkar
How to Think Like a Roman EmperorBook binding

How to Think Like a Roman Emperor Book Summary

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!

How to Think Like a Roman Emperor
Donald J. Robertson
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Ninth Edition)Book binding

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Ninth Edition) Book Summary

In "A Random Walk Down Wall Street," Burton Malkiel challenges the myth of market predictability and unveils the chaos underlying financial markets. Through engaging anecdotes and sharp insights, he demystifies complex investment strategies while advocating for the simplicity of index funds. Readers are taken on a journey through the history of financial theory and practical investing advice, revealing how randomness shapes market movements. Malkiel's compelling arguments will make you question conventional wisdom and reconsider your approach to investing. Are you ready to explore the unpredictable world of finance and learn how to navigate it wisely?

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Ninth Edition)
Burton G. Malkiel
Belly LaughsBook binding

Belly Laughs Book Summary

In "Belly Laughs: The Naked Truth About Pregnancy," Jenny McCarthy delivers a refreshingly candid and hilarious take on the rollercoaster journey of motherhood. With her signature humor, she unpacks the absurdities and challenges of pregnancy, from bizarre cravings to the bizarre body changes. McCarthy's relatable anecdotes make readers laugh, cry, and nod in recognition at the joys and surprises of impending motherhood. This book isn't just a guide; it’s a delightful celebration of the unfiltered realities that every expectant mother faces. Prepare for a journey filled with laughter, honesty, and perhaps some shocking revelations along the way!

Belly Laughs
Jenny McCarthy
Peaceful Parent, Happy SiblingsBook binding

Peaceful Parent, Happy Siblings Book Summary

In "Peaceful Parent, Happy Siblings," the authors unveil powerful strategies to nurture harmony among brothers and sisters while fostering emotional intelligence. This groundbreaking guide emphasizes the importance of empathy, communication, and connection in resolving sibling conflicts. With relatable anecdotes and practical tools, parents learn to create a peaceful home environment that cultivates strong sibling bonds. Explore the transformative techniques that allow children to thrive together rather than compete. Are you ready to unlock the secrets to happier siblings and a more joyful family life?

Peaceful Parent, Happy Siblings
Laura Markham
GenomeBook binding

Genome Book Summary

In 'Genome', Matt Ridley takes readers on a captivating journey through the intricacies of the human genome, revealing how our genes shape our lives, personalities, and destinies. This enlightening exploration delves into the evolutionary history of our DNA, highlighting the unexpected connections between science, society, and the essence of humanity. Ridley skillfully combines storytelling with groundbreaking research, making complex genetic concepts accessible and engaging. As he exposes the potential of genetic knowledge, readers are left pondering profound questions about free will, identity, and morality. Are we merely products of our genes, or do we have the power to redefine ourselves?

Genome
Matt Ridley

Showing 8 of 29 similar books

Take your reading experience to the next level

Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.

Download on the App Store

Similar Book Recommendations →

Ray Dalio's Book Recommendations

Ray Dalio's Book Recommendations

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.

Business and LeadershipSuccess Stories and Life LessonsInspiring Reads
David Cancel's Book Recommendations

David Cancel's Book Recommendations

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.

Business and LeadershipSuccess Stories and Life LessonsInspiring Reads
Aileen Lee's Book Recommendations

Aileen Lee's Book Recommendations

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.

Business and LeadershipInspiring Reads
Peter Attia's Book Recommendations

Peter Attia's Book Recommendations

Dr. Peter Attia is a renowned physician specializing in the applied science of longevity and optimal performance. He is the founder of Attia Medical, PC, a medical practice focusing on the applied science of longevity and healthspan. Attia is widely recognized for his deep dives into topics such as nutrition, exercise physiology, sleep physiology, and pharmacology. He is also the host of "The Peter Attia Drive" podcast, where he explores strategies for extending the human lifespan and enhancing well-being. His contributions to literature include insightful articles and his forthcoming book, "Outlive: The Science and Art of Longevity," which promises to distill his extensive research and clinical experience into actionable advice.

Health and NutritionWellness WisdomSuccess Stories and Life Lessons
Nick Huber's Book Recommendations

Nick Huber's Book Recommendations

Nick Huber is a renowned entrepreneur and writer, best known for his insightful contributions to the business and self-improvement literary genres. He gained widespread recognition through his practical advice and motivational content, which has empowered countless individuals to pursue personal and professional growth. Huber's notable works include a series of bestselling books that combine his entrepreneurial experience with actionable strategies for success. In addition to his writing, he is a sought-after speaker, sharing his expertise at various conferences and events. Huber's influence extends beyond literature, as he continues to inspire a new generation of entrepreneurs and leaders.

Self-ImprovementBusiness and LeadershipSuccess Stories and Life Lessons
Elon Musk's Book Recommendations

Elon Musk's Book Recommendations

Elon Musk is an influential entrepreneur and innovator known for founding and leading several groundbreaking companies, including Tesla, SpaceX, Neuralink, and The Boring Company. He has played a pivotal role in advancing electric vehicles, space exploration, and renewable energy. Musk's vision extends to colonizing Mars and reducing the risk of human extinction through space travel. In addition to his technological contributions, he has co-authored the book "Spacex: Making Commercial Spaceflight a Reality," providing insights into his ambitious projects and vision for the future. Musk's relentless pursuit of innovation continues to shape the trajectory of multiple industries.

Business and LeadershipTechnology and FutureInspiring Reads
Bill Gates's Book Recommendations

Bill Gates's Book Recommendations

Bill Gates, co-founder of Microsoft Corporation, is a pioneering figure in the tech industry, having played a key role in the personal computer revolution. His work at Microsoft, particularly the development of Windows, transformed software and computing globally. Beyond his technology contributions, Gates is also a prolific author, with notable works such as "The Road Ahead" and "Business @ the Speed of Thought," which offer insights into the future of technology and business. Additionally, his philanthropic efforts through the Bill & Melinda Gates Foundation have had a profound impact on global health, education, and poverty. Gates continues to influence both technology and literature with his forward-thinking perspectives and innovative ideas.

Business and LeadershipTechnology and FutureInspiring ReadsMemoirs and Biographies
Ali Abdaal's Book Recommendations

Ali Abdaal's Book Recommendations

Ali Abdaal is a renowned productivity expert, author, and YouTuber known for his engaging content on personal development and effective study techniques. A former doctor, Abdaal transitioned from his medical career to focus on sharing insights through his popular YouTube channel, which has amassed millions of subscribers. He is the author of "YouTube for Doctors," where he explores the intersection of medicine and digital content creation. Abdaal's work is celebrated for its practical advice, blending scientific research with personal anecdotes to help individuals optimize their lives. His contributions have significantly influenced the productivity and self-improvement community, making him a respected voice in the field.

Self-ImprovementProductivity

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

Frequently Asked Questions