Summary: The Snowball: Review and Analysis of Schroeder's Book
()
About this ebook
This complete summary of the ideas from Alice Schroeder's book "The Snowball" recounts the fascinating success story and biography of one of most respected men in the world, Warren Buffett. In fact, this American icon has never told his full life story, but he has allowed Alice Schroeder open access to his life, struggles and triumphs. This summary explores his real philosophy and reveals his complex personality as well as the details of his life. Based on interviews with Buffett himself as well as with friends, family members and business associates, this revealing biography gives an unprecedented look at the hidden life of the man known as "The Oracle of Omaha".
Added-value of this summary:
• Save time
• Understand the key ideas
• Increase your business knowledge
To learn more, read "The Snowball" and discover the story behind the success of Warren Buffett.
Read more from Business News Publishing
The 12 Week Year (Review and Analysis of Moran and Lennington's Book) Rating: 5 out of 5 stars5/5The 4-Hour Workweek (Review and Analysis of Ferriss' Book) Rating: 4 out of 5 stars4/5How to Master the Art of Selling (Review and Analysis of Hopkins' Book) Rating: 0 out of 5 stars0 ratingsTo Sell Is Human (Review and Analysis of Pink's Book) Rating: 5 out of 5 stars5/5DotCom Secrets (Review and Analysis of Brunson's Book) Rating: 4 out of 5 stars4/5The One Page Business Plan (Review and Analysis of Horan's Book) Rating: 5 out of 5 stars5/5Understanding Financial Statements (Review and Analysis of Straub's Book) Rating: 5 out of 5 stars5/5Good Strategy Bad Strategy (Review and Analysis of Rumelt's Book) Rating: 3 out of 5 stars3/5Leaders Eat Last (Review and Analysis of Sinek's Book) Rating: 5 out of 5 stars5/5The Ultimate Sales Machine (Review and Analysis of Holmes' Book) Rating: 4 out of 5 stars4/5The Fifth Discipline (Review and Analysis of Senge's Book) Rating: 0 out of 5 stars0 ratingsRocket Fuel (Review and Analysis of Wickman and Winter's Book) Rating: 5 out of 5 stars5/5What They Don't Teach You at Harvard Business School (Review and Analysis of McCormack's Book) Rating: 4 out of 5 stars4/5The 80/20 Principle (Review and Analysis of Koch's Book) Rating: 4 out of 5 stars4/5Execution (Review and Analysis of Bossidy and Charan's Book) Rating: 0 out of 5 stars0 ratingsSwitch (Review and Analysis of the Heath Brothers' Book) Rating: 5 out of 5 stars5/5Multipliers (Review and Analysis of Wiseman and McKeown's Book) Rating: 0 out of 5 stars0 ratingsStart Late, Finish Rich (Review and Analysis of Bach's Book) Rating: 4 out of 5 stars4/5Traction (Review and Analysis of Weinberg and Mares' Book) Rating: 5 out of 5 stars5/5The Millionaire Next Door (Review and Analysis of Stanley and Danko's Book) Rating: 5 out of 5 stars5/5Start with No (Review and Analysis of Camp's Book) Rating: 0 out of 5 stars0 ratingsSummary: First, Break All the Rules: Review and Analysis of Buckingham and Coffman's Book Rating: 0 out of 5 stars0 ratingsThe Mckinsey Mind (Review and Analysis of Rasiel and Friga's Book) Rating: 4 out of 5 stars4/5The Speed of Trust (Review and Analysis of Covey's Book) Rating: 5 out of 5 stars5/5Ready, Fire, Aim (Review and Analysis of Masterson's Book) Rating: 5 out of 5 stars5/5Decisive (Review and Analysis of the Heaths Brothers' Book) Rating: 4 out of 5 stars4/5Talent Is Overrated (Review and Analysis of Colvin's Book) Rating: 0 out of 5 stars0 ratingsThe Lean Startup (Review and Analysis of Ries' Book) Rating: 5 out of 5 stars5/5Delivering Happiness (Review and Analysis of Hsieh's Book) Rating: 5 out of 5 stars5/5The 10 Natural Laws of Successful Time & Life Management (Review and Analysis of Smith's Book) Rating: 5 out of 5 stars5/5
Related to Summary
Related ebooks
Warren Buffett: 43 Lessons for Business & Life Rating: 5 out of 5 stars5/5Summary of Roger Lowenstein's Buffett Rating: 0 out of 5 stars0 ratingsSummary: The Snowball: Review and Analysis of Schroeder's Book Rating: 0 out of 5 stars0 ratingsWarren Buffett: Master of the Market Rating: 5 out of 5 stars5/5The Buffett Essays Symposium: A 20th Anniversary Annotated Transcript Rating: 5 out of 5 stars5/5Investment Legends: The Wisdom that Leads to Wealth Rating: 3 out of 5 stars3/5The Essential Buffett: Timeless Principles for the New Economy Rating: 5 out of 5 stars5/5The Manual of Ideas: The Proven Framework for Finding the Best Value Investments Rating: 5 out of 5 stars5/5Only the Best Will Do - 2nd edition: The compelling case for investing in quality growth businesses Rating: 0 out of 5 stars0 ratingsBig Money Thinks Small: Biases, Blind Spots, and Smarter Investing Rating: 4 out of 5 stars4/5The Wall Street Waltz: 90 Visual Perspectives, Illustrated Lessons From Financial Cycles and Trends Rating: 0 out of 5 stars0 ratingsWisdom on Value Investing: How to Profit on Fallen Angels Rating: 4 out of 5 stars4/5You Sold Your Company: Get Ready for Change Rating: 0 out of 5 stars0 ratingsMan vs. Markets: Economics Explained (Plain and Simple) Rating: 4 out of 5 stars4/5Warren Buffett on Business (Review and Analysis of Connors' Book) Rating: 0 out of 5 stars0 ratingsSummary of William H. Pike & Patrick C. Gregory's Why Stocks Go Up and Down Rating: 0 out of 5 stars0 ratingsSummary of Gautam Baid's The Joys of Compounding Rating: 4 out of 5 stars4/5The Ultimate Dividend Playbook: Income, Insight and Independence for Today's Investor Rating: 4 out of 5 stars4/5Paths to Wealth Through Common Stocks Rating: 4 out of 5 stars4/5The Quest for Alpha: The Holy Grail of Investing Rating: 0 out of 5 stars0 ratingsFrom The Bronx To Wall Street: My Fifty Years in Finance and Philanthropy Rating: 0 out of 5 stars0 ratingsSummary of Andrew W. Lo & Stephen R. Foerster's In Pursuit of the Perfect Portfolio Rating: 0 out of 5 stars0 ratingsThe Clash of the Cultures: Investment vs. Speculation Rating: 5 out of 5 stars5/5Summary of William J. Bernstein's The Four Pillars of Investing Rating: 0 out of 5 stars0 ratingsRisk. Reward. Repeat.: How I Succeeded and How You Can Too Rating: 0 out of 5 stars0 ratingsThe Warren Buffett Shareholder: Stories from inside the Berkshire Hathaway Annual Meeting Rating: 0 out of 5 stars0 ratingsThe Power of Passive Investing: More Wealth with Less Work Rating: 0 out of 5 stars0 ratingsThe Way to Wealth: Advice, Hints, and Tips on Business, Money, and Finance Rating: 5 out of 5 stars5/5The Thin Green Line: The Money Secrets of the Super Wealthy Rating: 5 out of 5 stars5/5
Self-Improvement For You
A Stolen Life: A Memoir Rating: 4 out of 5 stars4/5Don't Believe Everything You Think: Why Your Thinking Is The Beginning & End Of Suffering Rating: 5 out of 5 stars5/5The Gifts of Imperfection: Let Go of Who You Think You're Supposed to Be and Embrace Who You Are Rating: 4 out of 5 stars4/5Boundaries Updated and Expanded Edition: When to Say Yes, How to Say No To Take Control of Your Life Rating: 4 out of 5 stars4/5The Big Book of 30-Day Challenges: 60 Habit-Forming Programs to Live an Infinitely Better Life Rating: 4 out of 5 stars4/5Girl, Wash Your Face: Stop Believing the Lies About Who You Are so You Can Become Who You Were Meant to Be Rating: 3 out of 5 stars3/5The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life Rating: 4 out of 5 stars4/5The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You Rating: 4 out of 5 stars4/5The Four Loves Rating: 4 out of 5 stars4/5Think and Grow Rich (Illustrated Edition): With linked Table of Contents Rating: 4 out of 5 stars4/5Running on Empty: Overcome Your Childhood Emotional Neglect Rating: 4 out of 5 stars4/5A Child Called It: One Child's Courage to Survive Rating: 4 out of 5 stars4/5How to Win Friends and Influence People: Updated For the Next Generation of Leaders Rating: 4 out of 5 stars4/5The Good Girl's Guide to Great Sex: Creating a Marriage That's Both Holy and Hot Rating: 4 out of 5 stars4/5The Art of Witty Banter: Be Clever, Quick, & Magnetic Rating: 4 out of 5 stars4/5The Alchemist: A Graphic Novel Rating: 4 out of 5 stars4/5Never Split the Difference: Negotiating As If Your Life Depended On It Rating: 4 out of 5 stars4/5Wild at Heart Expanded Edition: Discovering the Secret of a Man's Soul Rating: 4 out of 5 stars4/5How to Talk so Little Kids Will Listen: A Survival Guide to Life with Children Ages 2-7 Rating: 4 out of 5 stars4/5A Grief Observed Rating: 4 out of 5 stars4/5The Introverted Leader: Building on Your Quiet Strength Rating: 0 out of 5 stars0 ratingsChop Wood Carry Water: How to Fall In Love With the Process of Becoming Great Rating: 5 out of 5 stars5/5
Reviews for Summary
0 ratings0 reviews
Book preview
Summary - BusinessNews Publishing
Book Presentation
The Snowball by Alice Schroeder
About the Author
ALICE SCHROEDER is a full-time writer. She was previously a Wall Street analyst and managing director at Morgan Stanley. Ms. Schroeder is a graduate of the University of Texas at Austin.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of The Snowball (Alice Schroeder)
Life is like a snowball. The important thing is finding wet snow and a really long hill
.
– Warren Buffett
1
Warren Edward Buffett was born on August 30, 1930. In an interesting quirk of fate, this was about ten months after BlackTuesday
, October 29, 1929 when the U.S. stock market lost more than $14 billion of capitalization in a single day. ($14 billion was approx. four times the annual budget of the U.S. government at that time). Warren Buffett was born in the middle of what would come to be termed the Great Depression
.
Warren’s father, Howard Buffett, had joined the Union State Bank as a stockbroker in 1927 and when the bank went bust and closed its doors in August 1931, Howard and two partners decided to start their own stockbrokerage firm. Even in the middle of the worst financial crisis ever to hit the United States, Howard Buffett’s firm did well because Howard would only sell safe securities like utility stocks and municipal bonds.
His mother, Leila Stahl Buffett, was of German-American descent. She appeared outwardly to be a perfect mother but in private, she suffered from a what was described as neuralgia
. As a consequence, she would verbally deride the young Warren and his two sisters for imaginary faults until they would be reduced to tears. This generated a lot of tension in the home environment. Current affairs, politics and news could be discussed openly and freely but nobody ever talked about their feelings at the dinner table.
Despite this, Warren recalls his childhood with fondness.
"When I was a kid, I got all kinds of good things. I had the advantage of a home where people talked about interesting things, and I had intelligent parents and I went to decent schools. I don’t think I could have been raised with a better pair of parents. That was enormously important. I didn’t get money from my parents,