Author Box
Articles Categories
All Categories
Articles Resources

Warren Buffet - Dedication and Concentration

July 08, 2010 | Comments: 0 | Views: 228

The author Alice Schroeder mentions one story that aptly describes - the type of personality Warren Buffet has - it took place when one female friend of Warren Buffet stayed in the guest room of Ms. Graham and came out shocked to tell Buffet there was a real Picasso in the bathroom. Buffet told her he just noticed there was free shampoo available in the room. Other stories deal with the other power players such as Bill Gates and Akio Morita, in fact, Bill Gates is still considered as soul mate by Warren Buffet.

Right Book at the Right Time

The book The Snowball: Warren Buffett and the Business of Life couldn't have arrived at the publishing scene at a better time. His prediction that the derivatives were weapons of mass destruction was bang on and the most accurate prediction (should we say prophecy) of the global economic meltdown. He was already aware of the dangers of government intervention and bailing out of failing banks by financial institutions.

Not a Perfect Book

The book is not without its problems. The first point is it is an authorized biography (you can't expect anything sensational) and the second point is the length of the book - it is simply too long (but so is the life of Warren Buffet and his illustrious career). Despite these negatives, the book is absorbing and you will be forced to set aside some time for the book. The author of the book Alice Schroeder has been a financial analyst herself so she knows what she is talking about while she writes the book.

Inner Business

The book The Snowball: Warren Buffett and the Business of Life also concentrates on the inner business that goes on within the brain of Warren Buffet. The basic principle followed by Warren Buffet is to go by his inner scorecard rather than playing to the gallery. The other Wall Street tycoons were disgraced when things went wrong for them, Warren Buffet is different who didn't fall prey to the trappings of wealth even if he was making all the money in the world. Even when he bought a private jet, he named it The Indefensible, which aptly describes the feeling he might be going through when he bought it. He is unsophisticated and proudly (and deliberately) so. He eats only cherry Coke, fries and burgers. His rules for investing money are very simple, he avoids debt, and remains invested in the market over the long term.

Why Only One Warren Buffet?

You may ask if these things are so simple, why is there only one Warren Buffet. The answer is - to become Warren Buffet, you need to be fiercely independent in mind and everybody cannot maintain this frame of mind all the time. He did not participate in the dot com boom, because he did not understand the way these companies did their business. Now we all know the obvious, he was right.

Anyone Can Stick To Basics

Surely anyone could do that (stick to the basics), so why is there only one Warren Buffett? The answer is that it demands a resolute independence of mind that eludes other investors. It's not that he can easily convince the economists all the time. One group of economists came up with the Efficient Market Hypothesis and they said according to the theory, Warren Buffet simply couldn't exist. Their central belief was that individual investors couldn't consistently outperform the market. The theory was modified when Buffet pointed out his other eight peers were also doing equally well, since they were taught by the same teachers.

The author Prasoon Kumar works for which is the leading online bookstore that offers all the current and all time great titles at never before prices. More such gems from Warren Buffet can be savored in the first official biography of the man at huge discounts only at

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

The Snowball


Warren Buffet


Alice Schroeder

Finding and collecting vintage comic books for fun and profit is something that is interesting, but can be difficult. With so many places to look, narrowing down the options can be painstaking, until

By: Jorge Orduna l Book Reviews > Comics Humor l July 07, 2012 lViews: 286

Action packed story that reads like you are there in person. Lieutenant Commander Andrew Carlson was a U.S. Navy Seal. He was as rough and tough as they come. He was part of a mission to be inserted

By: Cy Hilterman l Book Reviews > Mysteries Thrillers l July 06, 2012 lViews: 278

"Look Me In The Eye, If You Dare!" Okay, all of You "Internet Millionaire Moguls," I want some answers, and I want them now.

By: Travis L Perkins l Book Reviews > Internet Marketing l June 29, 2012 lViews: 309

Crush it is a great "How to" book on using social media and being real with yourself on what you do. Gary is very passionate about what he does. The key to his success is blending who he is with what

By: Joe Mosed l Book Reviews > Internet Marketing l June 29, 2012 lViews: 546

My resolution this year was to knuckle down and do something to bring in some new clients for my practice, so I was pleased to see that Internet Marketing Bible for Accountants looked like it might

By: Karen K Jefferson l Book Reviews > Internet Marketing l June 29, 2012 lViews: 295

When promoting your business online, are you using internet marketing? If you have yet to spread your branches into the online world, you ought to consider doing so.

By: Joyce McNeill Christopher l Book Reviews > Internet Marketing l June 29, 2012 lViews: 281

"These mothers are forced to employ all their time begging sustenance for their helpless children," writes the great English 18th century satirists Jonathan Swift in his short pamphlet "A modest

By: John Severinl Book Reviews > Economicsl October 14, 2010 lViews: 150

In Miles Away Worlds Apart, Alan Sakowitz does an excellent job in putting a face to the terrible and unbelievable financial exploits of Scott Rothstein, who was running a larger than life ponzi

By: Michelle D Castillol Book Reviews > Economicsl October 11, 2010 lViews: 169

If there is one problem plaguing a lot of people in Nigeria and beyond today, it is lack of money. This is occasioned by lack of knowledge of where and how to actually get it. Therefore, publication

By: Goke Ilesanmil Book Reviews > Economicsl October 01, 2010 lViews: 182

Understanding the chemistry that fuels stock market bubbles is a difficult and complex study that even risk aversion professionals have a hard time grasping. So I wondered, is there any chance that

By: Tom Copelandl Book Reviews > Economicsl September 27, 2010 lViews: 163

When the book Problems of Post-War Capitalism in the United States is talking about how important marketing is in American capitalism, I will agree with the fact that advertising is extremely

By: Pat McLoughlinl Book Reviews > Economicsl September 12, 2010 lViews: 192

This abstract contains the economic development in Singapore. This will begin from past, present and future of how this nation developed in Southeast Asia and how they become progressive in terms of

By: Steve Ongl Book Reviews > Economicsl August 23, 2010 lViews: 238

The great old man (as he is lovingly called) of the Indian literature, or the symbol of it, is again back with a bang (he has this happy knack or habit of coming back and surprising us time and

By: Prasoon Kumarl Book Reviews > Multiculturall August 21, 2010 lViews: 153

Discuss this Article

comments powered by Disqus