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The Snowball: Warren Buffett and the…
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The Snowball: Warren Buffett and the Business of Life (original 2008; udgave 2008)

af Alice Schroeder (Forfatter)

MedlemmerAnmeldelserPopularitetGennemsnitlig vurderingOmtaler
1,803269,424 (4.07)13
Biography & Autobiography. Business. Nonfiction. HTML: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...
… (mere)
Medlem:teodesian
Titel:The Snowball: Warren Buffett and the Business of Life
Forfattere:Alice Schroeder (Forfatter)
Info:Bantam Books (2008), Edition: 1st, 960 pages
Samlinger:Dit bibliotek
Vurdering:
Nøgleord:biography

Work Information

Warren Buffett - et liv med milliarder af Alice Schroeder (2008)

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The Snowball is the authoritative biography of one of the world’s greatest investors of all time. It’s an insightful and engaging journey that provides a comprehensive and intimate look at not only Buffett's financial acumen but also his personal journey and the principles that have guided him throughout his life. It’s filled with personal anecdotes, business strategies, and the evolution of Berkshire Hathaway. Schroeder explores his relationships, his philanthropy, and the values that have shaped his decision-making, but also doesn't shy away from discussing moments of vulnerability or mistakes. Her holistic approach provides readers with a well-rounded understanding of Warren Buffett as a person, beyond his role as a financial genius. It truly is a fascinating read. ( )
  Andrew.Lafleche | Jan 28, 2024 |
Warren Buffett and his investment corporation Berkshire Hathaway are the stuff of legends. He grew an investment portfolio from just over $100,000 into a $100+ billion enterprise over several decades. He invested primarily in businesses that were undervalued when he bought them but rose in value in the years after he bought them. His investments routinely outperformed the market, often by double-digit percentages. He lived in a humble house in Omaha, Nebraska, and eschewed many of the trappings of wealth. Like a preacher, he was well-known for his short sayings of homespun wisdom. Schroeder’s book seeks to provide first-hand accounts of his life before the original source material is no more. At 800+ pages (or 38 hours), she provides plenty of primary material that will excite readers and biographers for generations to come.

Buffett’s passion was making money. It was not feeling proud about money or having greed, but rather, it centered on maximizing the value of an investment. This, to him, was an intellectual obsession, much as other academic obsessions can grip noteworthy scientists and inventors. Otherwise, he sought to root for the little guy. Under the persuasion of his wife Susie, he switched early in life from the Republican party to become a Democrat. He bequeathed most of his great fortune primarily with the Gates Foundation for anonymous use instead of endowing educational buildings and institutions with his name on them.

As with most people who make a lot of money, controversy accompanied him. One business ran into trouble with the SEC in the 1980s, and another ran afoul of the SEC in the late 2000s. Seemingly (and Schroeder presents detailed evidence to support this contention), Buffett remained unaware of the wrongdoings until it came up in investigations. He was generally generous with his family, but he believed that their worth should be built around what they did and not who their ancestors were. Schroeder does ding him on being unnecessarily mean to some of his adopted grandchildren. (Perhaps that has resolved after the book was published.) Different readers might reach different conclusions, but Schroeder’s evidence persuaded me that Buffett was – and still is – an upstanding individual.

This biography fills the need for documentation of Buffett’s life while he was still alive. Although it is nearly 15 years old now, it still serves as the best repository of facts and primary accounts about his life. Schroeder seems to have had good access to the inner workings of Berkshire Hathaway and the Buffett family. Although a friend, her objectivity as a biographer seems no more in jeopardy than that of most biographers. Other business writers might attack this or that matter in his legacy, but her comprehensive view of the man will likely never be paralleled or surpassed. This book will likely remain the seminal work on Buffett’s legacy written while he is alive. Business audiences and admirers alike will benefit from learning his principles in the context of his life story. Thanks to Schroeder, we have a nuanced account of what it looked like. ( )
  scottjpearson | Nov 17, 2022 |
This is a massive tome that l bought some years ago but never got to reading until lock-down. But glad I did. I was very familiar with Buffett's investment philosophy, but not how it evolved from the extreme 'cigar butt' value strategy of Ben Graham to the more eclectic definition of value of Charlie Munger. Indeed, along with his father Howard, they emerge as two of the major influences on his life.
From an early age, Buffett was exfremely hard working, even at the expense of family life, but not interested in the ostentation of wealth. As with his bridge playing obsession, it is more an intellectual exercise. Among the many anecdotes, he is quoted as saying he had never met a trophy wife who did not look more like the booby prize! He was socially gauche from an early age, struggling to impress girls. In later life he became more confident, moving in the top social circle, and becoming a companion of Kay Graham of the Washington Post. But his dress sense did not improve!
There are surprising details about his early delinquent behaviour, involving shoplifting and slot machine business scams.
Despite the avuncular imagine Buffett had problems dealing with emotional issues; the relationship with his wife, her illness, and the death of his father. Most surprising was his attitude to his two adopted grandchildren. He announced to the family that he did not recognise them as his family, and excluded them from family endowments.
In the latter years a reluctant meeting with Bill Gates leads to a very close friendship, probably closer than with his two sons.
Despjte the occasional clunky American prose, Alice Schroeder emerges a worthy Boswell to Buffett's Johnson. Thoroughly recommended to anyone interested in what lies behind the mask of public figures and public affairs. ( )
  BobCurry | Nov 15, 2020 |
DNF. I made it to past halfway through and found I just didn't have enough interest to finish. Too long, too many irrelevant anecdotes, too much that I just didn't care to hear about. I tried, but it wasn't for me. ( )
  expatb | Jun 8, 2020 |
Buffett, Warren (Subject)
  LOM-Lausanne | Apr 30, 2020 |
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It is the winter of Warren's ninth year. Outside in the yard, he and his little sister, Bertie, are playing in the snow

Warren is catching snowflakes, One at a time at first. Then he is scooping them up by handfuls. He starts to pack them into a ball. Slowly it begins to roll. He gives it a push, and it picks up more snow. He pushes the snowball across the lawn, piling snow on snow. Soon he reaches the edge of the yard. After a moment of hesitation, he heads off, rolling the snowball through the neighborhood.

And from there, Warren continues onward, casting his eye on a whole world full of snow.
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Biography & Autobiography. Business. Nonfiction. HTML: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...

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