“The Snowball: Warren Buffett”
Today I would like to share with you what I’ve learned from this great book that I read last year called, “The Snowball: Warren Buffett”. This is the biography of Warren Buffett, Apple’s third biggest shareholder and one of one of world’s greatest money maker, written by Alice Schroeder.
The book is quite big, around 800 pages long, and it took me a few weeks to read as it was an eye-opener for me, I kept on applying what I found in the book on my daily life and that distracted me somehow from reading it quicker. Warren Buffett is a book devourer, he “eats” books and newspapers for breakfast, lunch and dinner. He is a learning machine and even now in his late 80s, it is said that he reads between 600 to 800 pages a day…
What got imprinted in my brain ever since I read this book, is how much he worked, the ridiculous amount of work that he put into becoming one of the worlds richest man, and the fact that he still learns every single day even if he could have retired 40 years ago. He said in a Forbes interview that “Ultimately, there’s one investment that supersedes all others: Invest in yourself. Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet.”
Another quote of his that I hold dearly and that made me start the quest of searching and doing what I love for a living is: “Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.”
Warren Buffett and Bill Gates become best friends instantaneously but one of Warren Buffett’s “weaknesses” if you can call it like this, is that he never invested in companies that he didn’t understand. He was never computer literate, he couldn’t understand how PCs work, and he realises how much money he could have made if he had invested in IBM or Microsoft years ago. But he slowly started to trust the tech-companies and now he is Apple’s third biggest shareholder.
What about you? I would love to hear about the books that changed your view about success, about influential smart people. I have a saying, “No-one can take away what I know. If you strip me of my clothes, fire me from my job, take away my car, my house, you can never take away my knowledge”. I do believe in constant learning, it is very hard to disconnect from your TV and start learning but I can guarantee that it is worth the change.
Please comment your ideas, books and any similar stories you have about this subject. I would really love to hear from you.