What I learned from reading The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
What I learned from reading The Snowball: Warren Buffett and the Business of Life by Alice Schroeder.
What he was teaching were the lessons that had emerged from the unfolding of his own life (0:01), The dichotomy of Warren Buffett (4:35), Warren Buffett wants to be remembered as a teacher (9:20), Buffett’s idea of Inner scorecard vs Outer scorecard (11:52), Warren Buffett’s early family life (13:49), Learning to avoid the habit of thinking in only one direction (18:03), Warren’s WHY (24:30), A young troublemaker and how Warren’s dad convinced him to change his behavior (29:58), Warren did what you are doing right now: Since a young age Warren had studied the lives of men like Jay Cooke, Daniel Drew, Jim Fisk, Cornelius Vanderbilt, Jay Gould, John D. Rockefeller, and Andrew Carnegie. (32:20), Turning a rejection into one of the best things to ever happen to him (33:48), Mimicry instead of independent thought: Warren didn’t understand why they couldn’t see what was right before their eyes. (38:30), One of the most inspiring things about reading biographies is you are constantly reminded that we all have the ability to improve. A young Warren Buffett was so afraid of public speaking he would vomit. (42:20), Warren learning from and working with his idol: Ben Graham (48:06), Warren’s advice for everyone: Sell yourself an hour a day (52:20), Intensity is the price of excellence and examples of people Warren wanted to do business with (57:28), Warren Buffett is an obsessive/Munger would later call Buffett an implacable acquirer, like John D. Rockefeller in the early days of assembling his empire, who let nobody and nothing get in his way. (1:01:08), Warren Buffett on his biggest mistake (1:13:10), What Buffett valued in the lives of others/His idea about claim checks (1:16:11), His “Twenty Punches” approach to investing (1:19:25), Warren’s answer to the question, “What has been your greatest success and greatest failure?” (1:23:38)
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