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Summary of The Snowball 

Short summary

The stories of some exceptional individuals can offer great guidance, inspiration and encouragement to the rest of us. Success stories are more relatable and useful when all the angles are presented in a direct, pragmatic, and down to earth manner. Alice Schroeder is an American author and former insurance analyst. In this excellent work on the life of Warren Buffett, she bares it all and provides insight into all the aspects that many people do not know about him. She published The Snowball: Warren Buffett and the Business of Life and it went on to become a New York Times Bestseller. This book shows how you can brave the oddities of life to carve a name for yourself. It reveals the importance of staying true to your passion and making something profitable out of it. How do you ensure that your professional life and your personal life are in harmony? This book comes highly recommended.

Table of content

  • Summary of The Snowball
  • About the author
  • What is The Snowball about?
  • Who should read The Snowball
  • Topics in The Snowball
first key point

Childhood

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00:00
Warren Buffet was born in Omaha, Nebraska on the 20th day of August 1930, into the great depression that led to federal intervention throughout the 1930s.

His father, Howard, was a stockbroker, and his mother, Leila, was an imperious and squeamish parent. Stuck between the Great Depression and the erratic nature of his mom, Warren found escape innumeracy — from writing the numbers of stock prices on the big chalkboard in his father’s office to making notes that could help the police catch, bank robbers. He and his friend Russ would write the license plates of cars passing through their street with the hope that the police might find it useful in the event of an investigation of a robbery of the local bank. Their street was the only route anyone coming from the local bank would take.

His interest in numeracy, probabilities, and statistics was noticed and encouraged at the age of 8. He received books from his aunt Alice and his grandfather, which kept him company and helped him stay away from his erratic mother.
second key point

First investment

As much as numbers were a thing for Warren, it was money that riveted him most. He saved up to $120, which was a lot of money in 1941 and used it to buy shares from Cities Service Preferred.
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third key point

Learning secrets in stock markets

fourth key point

New beginnings

fifth key point

The Snowball philosophy

sixth key point

Business Acquisitions

seventh key point

Larger acquisitions precipitates larger problems

eighth key point

Partnership dissolved

ninth key point

The newspaper business

tenth key point

SEC investigation

eleventh key point

Marital and professional challenges

twelfth key point

Salomon brothers

thirteenth key point

Technology and Bill Gates

fourteenth key point

Personal losses

fifteenth key point

Conclusion

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What is The Snowball about?

Who should read The Snowball

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Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.