Founders: #100 Warren Buffett (The Snowball)

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What I learned from reading The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. ---- [0:01] What he was teaching were the lessons that had emerged from the unfolding of his own life [4:35] The dichotomy of Warren Buffett [9:20] Warren Buffett wants to be remembered as a teacher [11:52] Buffett’s idea of Inner scorecard vs Outer scorecard [13:49] Warren Buffett’s early family life [18:03] Learning to avoid the habit of thinking in only one direction (18:03), [24:30] Warren’s WHY [29:58] A young troublemaker and how Warren’s dad convinced him to change his behavior [32:20] 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. [33:48] Turning a rejection into one of the best things to ever happen to him [38:30] Mimicry instead of independent thought: Warren didn’t understand why they couldn’t see what was right before their eyes. [42:20] 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 publi

[00:00:00] What he was teaching were the lessons that had emerged from the unfolding of his own life. In that unfolding he admits to ambition, but he denies that there was ever a plan. He finds it hard to acknowledge his own powerful hand as the creator of the sweeping canvas that is his masterpiece. As he tells the story, a series of happy accidents built Berkshire Hathaway. A money-making machine sprang up without design. Its elegant structure of true partnership with like-minded shareholders built on what Charlie Munger calls a seamless web of deserved trust, with an investment portfolio…

Founders: #100 Warren Buffett (The Snowball)

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