Snowball business of life

The title reflects one of Buffets favorite sayings: “Life is like a snowball; the important thing is finding wet snow and a really long hill.” The author states that it is not an investment book and that, “Part of the book’s point is that while you can learn from him and get some ideas, you can’t really replicate his feat. It was very hard to do what he did, and part of it had to do with the times he lived in.” Writing the book took five years and the author noted that Buffet didn’t tell her how to write it and didn’t ask for any changes. “He said he really wanted me to get at the truth. And whenever his version differed from anyone else’s, he wanted me to use the less flattering version.” So, how do you get rich from Buffet’s advice? The best answer I’ve heard is that you don’t have to invest in stocks at all, although not confirmed by the author, she received mid-seven figures for an advance. For the average person or investor, wealth isn’t locked up inside the market; it’s found in distributing ideas about the market. That’s a great return on her time, instead of fussing around with choosing stocks over the last five years she simply talked to Buffet about his childhood – and he’s the one who suggested she should write a book one day, although he never suggested any topics.

Leave a Reply

You must be logged in to post a comment.