The Snowball book cover

The Snowball by Alice Schroeder Summary

The Snowball
Alice Schroeder
4.16 (53433 Reviews)
Biography
Business
Finance
Panoramica
Punti Chiave
Autore
Domande Frequenti

Overview of The Snowball

The authorized biography of Warren Buffett, crafted from 2,000+ hours of interviews. Named Amazon's best business book of 2008, it reveals how the "Oracle of Omaha" built his fortune while promising to donate 99% of it. What financial crisis wisdom lies within its pages?

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Punti chiave

1

The Early Life of Warren Buffett

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Warren Buffett, the legendary investor known as the "Oracle of Omaha," has a life story that is as fascinating as it is instructive. Born on August 30, 1930, in Omaha, Nebraska, Warren's journey to becoming one of the wealthiest men in the world was marked by early signs of his unique affinity for numbers and finance. As a child, Warren found comfort and joy in statistics and numbers. This inclination was partly a response to the challenging home environment he faced. His mother, Leila, had a volatile temper, and Warren often sought escape in the world of numbers. He would spend hours calculating the frequencies of letters and numbers on license plates with his friend Russ, or writing down stock prices on the chalkboard at his father's office. One of the pivotal moments in Warren's early life was when he began delivering newspapers. This was not just a chore; it was an opportunity to make money. When President Roosevelt died, Warren saw a chance to capitalize on the special edition newspapers being sold. He hustled to become one of the salespeople on the street corner, making a small fortune by delivering over 500,000 newspapers and earning $5,000, a significant amount in the 1940s. This early success laid the foundation for what Warren would later describe as the "snowball effect" – the idea that small, consistent efforts can grow into something substantial over time.

2

The Formative Years: Education and Early Career

3

Building Berkshire Hathaway and Investment Philosophy

4

Personal Challenges and Relationships

5

The Snowball Effect: Wealth and Philanthropy

6

Legacy and Principles

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@Chloe, Solo founder, LA
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117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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comments
12
likes
108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
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star
star

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful
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"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP
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"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon
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"It is great for me to learn something from the book without reading it."

@OojasSalunke
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"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn
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483

"Makes me feel smarter every time before going to work"

@Cashflowbubu
platform
star
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"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn
platform
star
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star
star
star

"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA
platform
comments
12
likes
117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw
platform
star
star
star
star
star

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
platform
comments
12
likes
108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
star
star
star
star

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful
platform
comments
96
likes
4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP
platform
star
star
star
star
star

"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon
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comments
201
thumbsUp
16

"It is great for me to learn something from the book without reading it."

@OojasSalunke
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star
star
star
star
star

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn
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comments
37
likes
483

"Makes me feel smarter every time before going to work"

@Cashflowbubu
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star
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