The Snowball and the Business of Life - Warren Buffet - Warren Buffet offers the following advice to deal with the ongoing economic climate:
|
|
Business Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
You are here: DIME Home > Books and Reviews > The Snowball and the Business of Life - Warren Buffet
Warren Buffet offers the following advice to deal with the ongoing economic climate:
Author: Impact Executives
Date: Dec 2, 2009 - 8:55:24 AM
Printer friendly page
Warren Buffet offers the following advice to deal with the ongoing economic climate:
"Cash combined with courage in a crisis is priceless"
"Don’t invest in things you don't understand"
"Don't try to catch a falling knife until you have a handle on the risk”
Warren Buffet, Investor. Philanthropist. Richest man in the world. “Oracle of Omaha.”
You may know of his holding company Berkshire Hathaway or his charitable donations but how much do you know about what is behind the man we see today? The Snowball (written by Alice Schroeder) gives us this fantastic opportunity, a look into what made Warren Buffet the man he is and his remarkable story of financial success.
He is an extraordinary man, paying himself only $50,000 a year, when he is worth over $60billion and Berkshire Hathaway, his holding company, has provided a return of 18.8% return since 1990 which is almost twice the long-term average annual return of the Standard & Poor's 500 stock index. Bill Gates, when first meeting Warren Buffet, only scheduled a 30 minute meeting thinking they didn’t have anything in common, the meeting ended up lasting 10 hours!
The Snowball does more than just examine his business success, it goes more deeply into his personal life, allowing unique insight and thoughts from his late wife, his children and his friends.
Warren Buffet lives in a house he bought in 1958 in Omaha, he drives an Oldsmobile by GM and doesn’t own a mobile phone. Warren Buffet is not about spending money, he is about collecting it, which is what makes this book so compelling in a time of economic uncertainty.
The book reminisces through his childhood to how he became one of he most trusted figures within the business community.
Some facts about him:
Warren Buffet bought his first shares aged 6.
He filed his first tax return at 13 years old and received a $35 tax deduction on his bicycle, which he used for his paper round. He bought Berkshire Hathaway, a struggling textile firm in 1964 and grew it to be the 12th largest corporation in the US.
In 2006 he notated £20 billion to the Bill and Melinda Gates Foundation.
Warren Buffet comes across as a calm, thoughtful and witty individual. His story is one of compelling interest.
The Snowball is nearly a thousand pages long, yet it provides a remarkably enjoyable read, one that may just help you in the current climate. If you have always been fascinated by the success of Warren Buffet or even if you are just curious about what makes him tick, this book is well worth your time.
“Everyone knows that in a deep and liquid capital market like that of the US, it is just about impossible to beat the stock market averages over anything more than the short term. But Buffett has been ahead of the curve for most of the past 50 years, making him one of the world’s richest men.
Alice Schroeder’s massive authorised biography, The Snowball, provides some clues about how he’s done it.” - Financial Times Alice Schroeder was the number-one-ranked Institutional Investor All- Ranked Research Analyst for two years running. She started her career for Ernst and Young, and followed by being appointed by Morgan Stanley as Managing Director in the equity division.
Warren Buffet suggested Alice should write this book.
Click this link for the original pdf from Impact Executives
View all articles by Impact Executives
Old Money vs. New Money in the Great GatsbyMar 21, 2011 - 8:12:20 AM The concept of “new” and “old” money is hard for the average modern reader to understand. In most parts of the country, the term “nouveau riche” isn’t often used, and with the onslaught of new Internet millionaires and billionaires in the last decade, the judgment is certainly no longer there. Today’s America values the self-made man or woman, the “rags to riches” story. A person who makes her own fortune is smart and innovative, an entrepreneur. She’s someone to be admired.... [Read the full story] |
Imagination and Story TellingDec 30, 2010 - 5:22:45 AM A major benefit to encouraging storybook creation and writing in your kids? It stimulates their imaginations.... [Read the full story] |
Joining Online Book ClubsOct 29, 2010 - 5:59:09 AM We all know that books are an important part of our lives. They give us knowledge and information that we need to be able to have a more enriching existence. They can be able to enrich our imagination and creativity and our character as a person. People read because of many reasons. There are those who read to get rid of boredom and be entertained while others do it to gain more knowledge about a certain topic.... [Read the full story] |
Modern-Day Anxieties in T. S. Eliot’s “The Love Song of J. Alfred Prufrock”Feb 12, 2010 - 7:37:11 AM "The Love Song of J. Alfred Prufrock" is one of those poems that can seem horribly sad one day, and incredibly absurd the next. Written by T. S. Eliot and published in 1915, it addresses the themes of isolation, industrialized cities, and great unease with the world. You might have encountered this in a unit on poetry, and like many students, you might not have been impressed by its long-windedness. For all its over-the-top wallowing around, though, there is a lot in the poem that speaks to anxieties we have today.... [Read the full story] |
| Search for articles: |
|
|
 Putting Up a Small Commercial Printing Business |
| So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
| Meditation and Mindfulness: Dealing With Emotion |
| CPA Websites: Five Essential Ideas for Composing Convincing Articles |
| Set Goals In Order to Come Up With Your Action Plan |
| Is the Air in Your Home Safe to Breathe? |
| Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
| Section 1031 Exchanges For San Diego Real Estate Investors |
| Phoenix Real Estate Investing For Highest Possible Earnings |
| Legendary are the Volk Racing TE37 Wheels |
| Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
| What are step down transformers? |
| Introducing Sharehype, the Revolutionary Tool for Online Marketers |
| Rewards To Shopping For Austin Real Estate On The Web |
| Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
|
| Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About
Featured Authors
Subscribe to our RSS feed for immediate alerts