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
Den of ThievesBook binding

Den of Thieves Book Summary

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!

Den of Thieves
James B. Stewart
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
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
FiascoBook binding

Fiasco Book Summary

In 'Fiasco,' Frank Partnoy unveils the chaotic world of financial markets, where seemingly sound decisions can lead to catastrophic failures. He provides a gripping narrative of the 2008 financial crisis, dissecting the miscalculations and greed that fueled it. Through engaging anecdotes and sharp insights, Partnoy challenges readers to rethink risk and the nature of financial systems. This exploration serves as both a cautionary tale and a deep dive into the mechanisms that govern our economy. Prepare to question everything you thought you knew about finance and the true cost of ambition.

Fiasco
Frank Partnoy
BuffettBook binding

Buffett Book Summary

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.

Buffett
Roger Lowenstein
Becoming Steve JobsBook binding

Becoming Steve Jobs Book Summary

'Becoming Steve Jobs' offers an intimate portrait of the tech titan, revealing the transformation of a young, brash innovator into a wise and respected leader. Through candid storytelling and personal anecdotes, the authors unravel the complexities of Jobs’ personality and his relentless pursuit of excellence. Readers will discover the pivotal moments that shaped his vision for Apple and the lessons learned from both failures and successes. This biography is not just about achievements; it's a deep dive into the humanity behind the icon. What drove Steve Jobs to change the world, and what legacy did he leave that continues to inspire?

Becoming Steve Jobs
Brent Schlender, Rick Tetzeli

Showing 8 of 26 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 →

Drew Houston's Book Recommendations

Drew Houston's Book Recommendations

Drew Houston is an accomplished American entrepreneur best known for co-founding Dropbox, a widely-used cloud storage service, in 2007. As the CEO, he has led the company to serve millions of users worldwide and become a key player in the tech industry. Although not primarily known for literature, Houston has shared his entrepreneurial insights and experiences through various interviews and public speaking engagements, offering valuable lessons to aspiring business leaders. His work has significantly influenced the way people and organizations manage and share digital content. Houston's innovative vision continues to shape the future of cloud computing and digital collaboration.

Business and LeadershipTechnology and FutureSuccess Stories and Life Lessons
Anthony Pompliano's Book Recommendations

Anthony Pompliano's Book Recommendations

Anthony Pompliano, also known as "Pomp," is a prominent entrepreneur and investor focused on the cryptocurrency and blockchain sectors. He co-founded Morgan Creek Digital, an investment firm dedicated to blockchain technology and digital assets. Pomp is also well-known for his popular newsletter, "The Pomp Letter," where he shares insights on finance, technology, and the future of money. As a prolific voice in the crypto community, he has appeared on multiple media platforms, including his own podcast, "The Pomp Podcast," where he interviews industry leaders and innovators. Through his writings and public engagements, Pompliano has significantly contributed to the broader understanding and adoption of digital currencies.

Business and LeadershipTechnology and FutureMoney Matters
David Sinclair's Book Recommendations

David Sinclair's Book Recommendations

David Sinclair is an Australian biologist and professor at Harvard Medical School, known for his pioneering research in the field of aging and longevity. Sinclair's work focuses on understanding the biological mechanisms that drive aging and developing interventions to slow or reverse the process. His bestselling book Lifespan: Why We Age – and Why We Don’t Have To explores the latest advancements in anti-aging science and offers insights into how humans might extend their healthspan. Sinclair's research has led to breakthroughs in areas such as sirtuins, NAD+ metabolism, and cellular reprogramming. He is also the co-founder of several biotech companies, including Sirtris Pharmaceuticals and Life Biosciences, dedicated to translating aging research into practical treatments. Sinclair is a vocal advocate for taking a proactive approach to aging, promoting lifestyle changes and emerging therapies to delay age-related diseases. His work has made him a leading figure in the longevity movement, influencing both scientific and public discourse on the future of health.

Health and NutritionSelf-ImprovementScience and Nature
Chris Powers's Book Recommendations

Chris Powers's Book Recommendations

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.

Business and LeadershipInspiring Reads
Jamie Dimon's Book Recommendations

Jamie Dimon's Book Recommendations

Jamie Dimon is an American business executive, best known as the Chairman and CEO of JPMorgan Chase, one of the largest and most influential financial institutions in the world. Dimon has led JPMorgan through multiple economic crises, including the 2008 financial crash, and has consistently been recognized for his leadership in the banking industry. Under his tenure, JPMorgan has grown into a global financial powerhouse, focusing on innovation and sustainability. Dimon is also an advocate for corporate responsibility and frequently speaks on economic and regulatory issues. His leadership style and strategic insights have earned him widespread respect in the business world.

Business and LeadershipSuccess Stories and Life Lessons
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
Arianna Huffington's Book Recommendations

Arianna Huffington's Book Recommendations

Arianna Huffington is the founder of The Huffington Post and Thrive Global, a company focused on wellness and productivity. She is a bestselling author and prominent speaker on the importance of sleep and managing stress. Arianna’s work emphasizes the importance of balance between professional success and personal well-being. Her book The Sleep Revolution has inspired a global movement to prioritize rest. She is considered one of the most influential women in media and business.

Women Who LeadWellness WisdomProductivityLife Advice
Martin Shkreli's Book Recommendations

Martin Shkreli's Book Recommendations

Martin Shkreli is an American businessman and former hedge fund manager best known for his role in the pharmaceutical industry. He gained notoriety as the CEO of Turing Pharmaceuticals, where he infamously raised the price of the life-saving drug Daraprim by over 5,000%. Despite his controversial business practices, Shkreli has contributed thought-provoking writings on the ethics of pharmaceutical pricing and the healthcare industry. His articles and essays have sparked widespread debate and discussion in both academic and public spheres. Shkreli's complex legacy continues to influence conversations about drug pricing and corporate responsibility.

Business and LeadershipPolitics

Showing 8 of 19 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

Frequently Asked Questions