Warren Buffet - The Oracle of Omaha

One thing is for sure, money does matter to Warren Buffet. He tries hard not to spend (and succeeds admirably) it but he has spent a lifetime collecting that money. His donation of $37 billion was the single biggest act of charity in the history of mankind. It was also without any ego involved, since no hospital or concert halls would be named after Warren Buffet. This attributes form the combination that make people listen to him (if and when he chooses to speak). The patient accumulation of wealth started when he was just six years old, selling chewing gum door to door and he became a multimillionaire by the age of 35. He is still the second wealthiest American alive, and only Bill Gates stands next to him. Read more about him in the book The Snowball: Warren Buffett and the Business of Life by Alice Schroeder.Story without the JudgmentThe book The Snowball: Warren Buffett and the Business of Life by Alice Schroeder describes how he made his fortune in several hundred pages
though it does not devote as many pages to show how he used the money (that's obvious, most of it was given away in one big stroke to charity). The author doesn't pass a judgment on this though there is something unmistakably heroic about this act and the man himself who cuts through the world like a knife. Warren Buffet is very American in entirety; he is homespun, optimistic and ruthless (you need these qualities to be successful). He is the main force behind all the major American Brands and he is much closer to the Wall Street than it appears. He can buy shares into companies and hold them for ages but he trades securities with remarkable agility.Trouble with RegulatorsBuffet also ran into trouble with regulators over the operations of his company General Re. Now that it's clear how he made money, some readers want to know why Warren Buffet chose to make money. The answer should have been obvious. He doesn't tell us what he thinks of the world in which he works, we hope
one day he will.Submissive BusinessesIt's not for nothing that businesses are submissive before him and he is the idol of the investors. One thing is for sure, nobody would be surprised if his face appeared on a thousand dollar bill. The author Alice Schroeder is extremely good at her job as she reveals the man Warren Buffet while keeping all her respect for him intact. She starts the book from the time when he was not even born and covers the life till 2008. While the things changed around him time and again, his basics remain the same. He still picks extraordinary values, he is absorbed in his work all the time and just loves to teach.Incompetence Not AllowedJust like Buffet, incompetence is not allowed anywhere in the text of the book by Alice Schroeder, though it's a large book and you'll need to set aside some time for reading it. The author Alice Schroeder is respectful and graceful towards Warren Buffet at the same time. There are some style fluctuations, but they ar
e not major and overall the book reads very well. Even if there are weaknesses in the book, these are related to the details and are not related with the overall story.Too Many DetailsIn fact, the author of the book The Snowball: Warren Buffett and the Business of Life concentrates on the details so much that they become irrelevant at times. There is an example of use of word Carnegizing several times before the explanation of the term is provided to the readers on page no 500 - an error which might have been avoided. The readers are hooked by the portrait of Warren Buffet right away and then they are taken into the world of Buffet and his peers which has remained largely unknown to the whole world.

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