The Snowball: Warren Buffett and the Business of Life

The Snowball: Warren Buffett and the Business of Life
by Alice Schroeder

The Snowball: Warren Buffett and the Business of Life
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Book Summary Information

Author: Alice Schroeder
Reader: Richard McGonagle
Edition: Music CD
Audio: English (Unknown); English (Original Language); English (Published)
Format: Abridged, Audiobook
Published: 2008-09-29
ISBN: 0739334069
Publisher: Random House Audio

Book Reviews of The Snowball: Warren Buffett and the Business of Life

Book Review: Investor since 1981.
Summary: 5 Stars

Very in depth material about Warren Buffett. Since we may very well be coming to an end of an era in the stock market, both the Greenspan book and this book are giving us a history lesson of the market and business world we have experienced. Since times have been very good in the market since 1982, and some would argue even before; there is a huge audience for this book at this time. Those who don't read it and are interested in investments will miss a great history lesson on what they have been investing in. Not to mention what could be in our future.
Much written here about Buffett is definitely true, eventhough very little is known about him, simply because the amount of detail could not be gotten without the cooperation of the whole Buffett family. You could say this book is like living the life of Warren and his family, because every detail is so laid out, you feel like you are there. In fact I found myself developing opinions, and wanted to tell this one or that one to act differently or compliment them on their life choices depending on their story, especially Warren and his wife Susie. But the most important story of the book is the story of Berkshire Hathaway, GEICO, Salomon Brothers, Long Term Capital Management, and labor strikes at the Buffalo and Washington Post papers, the annual meeting at Coca Cola. These stories show that what happened in the past is not all that different from what is happening today. I don't think I could do the book justice to try and bottom line it. All I can say is you just have to read the book and then you can decide for yourself. I thought I knew a lot, but soon found that even in this day and age, that the J.P. Morgan's and Warren Buffett are essential to the functioning of our economy. This is far from the idea I matured on, of a computer on every desktop, with the self reliance for everyone that would bring to us all. I came of age with that dream and am only a few years younger than Bill Gates. This book may well be best read by someone who is in their 20s and 30s, and hoping and dreaming of hitting it big in the business world and through their investments.
A real history lesson, don't miss it.

Summary of The Snowball: Warren Buffett and the Business of Life

Here is THE audiobook 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. The result is the personally revealing and complete biography of the man known everywhere as ?The Oracle of Omaha.?

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 audiobook tells you why Warren Buffett is the most fascinating American success story of our time.

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