The Snowball: Warren Buffet and The Business of Life written by Alice Schroeder is a book that takes a peek into the mind and philosophies of the greatest investor the world has ever seen. Warren Buffet has got many offers in the past to pen a book on him. However, he has always refused to cooperate. The Snowball is the first and probably the last book that he agreed to cooperate on.
Alice Schroeder is a financial analyst who has also worked as a managing director at Morgan Stanley. The book does not give the secrets to Buffet�s wealth. Instead, it gives you a peek into the ideals that drive the man. For example, at one instance, Warren Buffet says that there are three simple rules for investment which he follows - stay clear of debt; never invest in anything that you don�t have an idea of; and always play with a safe margin.
The story of Warren Buffet is no less than a magic tale. He filed his first income tax return at the age of 14. He had saved $1000 working as a paper delivery boy. By the age of 26, he had started his first investment partnership firm. Back then, he had $1,74,000. As of 2007, he had a net worth of $60 billion and counting.
In The Snowball, Warren Buffet spills the beans on his personal habits and his method of solving day-to-day problems. In his own words, he is a thrifty man, who is happy eating burger and fries every day. Alice has kept the writing simple yet engaging with a hint of analytical approach as well.
The Snowball: Warren Buffet and The Business of Life has been published by Bloomsbury Publishing India Pvt. Ltd. and is available for online order. The paperback edition of the book is listed with ISBN-10 reference number 0747596492 and ISBN-13 reference number 978-0747596493.