The SnowballWarren Buffett and the Business of Life

Alice Schroeder

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Summary

The Snowball

By: Alice Schroeder

Narrarated by: Richard McGonagle

Here is THE audiobook recounting the life and times of one of the most respected men in the world, Warren Buffett. The legendary Omaha investor has never written a memoir, but now he has allowed one writer, Alice Schroeder, unprecedented access to explore directly with him and with those closest to him his work, opinions, struggles, triumphs, follies, and wisdom. The result is the personally revealing and complete biography of the man known everywhere as “The Oracle of Omaha.”

Although the media track him constantly, Buffett himself has never told his full life story. His reality is private, especially by celebrity standards. Indeed, while the homespun persona that the public sees is true as far as it goes, it goes only so far. Warren Buffett is an array of paradoxes. He set out to prove that nice guys can finish first. Over the years he treated his investors as partners, acted as their steward, and championed honesty as an investor, CEO, board member, essayist, and speaker. At the same time he became the world’s richest man, all from the modest Omaha headquarters of his company Berkshire Hathaway. None of this fits the term “simple.”

When Alice Schroeder met Warren Buffett she was an insurance industry analyst and a gifted writer known for her keen perception and business acumen. Her writings on finance impressed him, and as she came to know him she realized that while much had been written on the subject of his investing style, no one had moved beyond that to explore his larger philosophy, which is bound up in a complex personality and the details of his life. Out of this came his decision to cooperate with her on the book about himself that he would never write.

Never before has Buffett spent countless hours responding to a writer’s questions, talking, giving complete access to his wife, children, friends, and business associates—opening his files, recalling his childhood. It was an act of courage, as The Snowball makes immensely clear. Being human, his own life, like most lives, has been a mix of strengths and frailties. Yet notable though his wealth may be, Buffett’s legacy will not be his ranking on the scorecard of wealth; it will be his principles and ideas that have enriched people’s lives. This audiobook tells you why Warren Buffett is the most fascinating American success story of our time.

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Audiobook Information
EDITOR'S PICK // New York Times Best Seller
  • Edition: Abridged
  • Author: Alice Schroeder (See All Books)
  • Date Released: Sep 29, 2008
  • Publisher: Random House Audio
  • Genre: Business & Economics, Biography & Memoir

Total File Size: 270 MB (8 files) Total Length: 9 Hours, 50 Minutes

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Rebecca Shapiro

eMusic Contributor

09.29.08
Alice Schroeder, The Snowball
2008 | Label: Random House Audio

An exhaustive, microscopic exploration of the quirky multibillionaire Oracle of Omaha
Eccentric multibillionaire Warren Buffett, who Forbes Magazine has labeled the richest man in the world, attributes his fortune to the idea that "Life is like a snowball. The important thing is finding wet snow and a really long hill." Certainly Buffett, known as The Oracle of Omaha, is a fiscal genius, and his ability to identify undervalued business is extraordinary. But Schroeder's microscopic scrutiny of his life — the first that he has authorized — makes clear that the man who became an entrepreneur at six, bought his first stock at ten and invested the profits of his teenage paper route in a Nebraska farm, also leavened each decision with uncommon doses of thriftiness and ingenuity.

Hardly a scandalous tell-all, Buffett's quirky personal life — the longtime mistress, penchant for eating Fritos for breakfast, and general disinterest in the trappings of his wealth — plays second fiddle to his unique business decisions, which line up like perfect puzzle pieces. With the economic crisis dominating world news, Buffett's storied career and encyclopedic knowledge of the stock market take on new importance, and Schroeder pays careful homage in particular to his recent hesitations surrounding government regulation of big business.

With the unprecedented gift of Buffett's cooperation (and seven years of access to him), Schroeder does fall victim to oversaturation of information — a good editor could easily have cut the book in half with the same results. Thankfully, the abridged audiobook, which still weighs in at almost 10 hours, culls the best of this goldmine of information, providing a more manageable look at this fascinating man.

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