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How to be a billionaire like Warren Buffett? No, but a good way to know the man behind the curtain.
on January 29, 2015
If you want some technical tips on how to be the next Warren Buffet, go grab a copy of Ben Graham's Security Analysis from 1934. But if you want a look at the man Warren Buffett, you have come to the right place. Want to know what kind of family man Buffet is? Want to know how a billionaire treats his children? Or how a young millionaire budgets money to his homemaker wife? Fascinating stuff.
You can also learn about his early career and how he got started, as well as his father the politician and the impact that had.
To many of us Warren Buffet is a billionaire investor who knows the ins and outs of Wall Street way better than most of us. Being a financial celebrity, you would expect to find his whole life online. That though isn’t the case with Warren. Little was known about his personal life until Alice Schroeder wrote this book- The Snowball: Warren Buffet and the Business of Life. Reading through the book you will realize that you don’t have to be successful after everyone else has failed. Warren, commonly known as the “Oracle of Omaha” is a financial investor who also doubles up as a mentor. For only $13.84, you will get to meet Warren in this 832 pages book. He will endow you with timeless financial wisdom and proper business ethics that aren’t taught in school.
His practical approach to life will motivate you to kick start your own. The pity party story that one may tend to propagate as reason as to why they aren’t succeeding will diffuse after reading this book. Warren worked to be where he is currently and was never born with a silver spoon. He is a practical inspiration. As you read along, you will learn that no man is an island and that having a strong support system will go a long way in ensuring you succeed. For example, his associate Charles Munger has been his associate since 1959. It doesn’t have to be the perfect system but rather a unit you can count on.
The book is full of insights and it is by reading it that one will be able to grasp and even apply some of the insights in his/her life. Unlike some autobiographies that are boring to tears, this one is different. There are hilarious snippets after every other chapter and with no time you will complete reading the autobiography and even probably re-read it. It will feel just like the first time you opened the book to read. Alice has also included notes to help you understand the book better.
The title of the book is a metaphor that depicts the ever growing wealth of Warren. The book is lengthy and has a lot of details some of which one may not find necessary but the conversational writing that Alice has employed in penning this book will keep you glued to the book. This is a must read book that walks you through the life of a legend.