The Snowball Warren Buffett PDF

The Snowball Warren Buffett PDF

Warren Buffet is not only a master of finance and economics, he is also a master of life, a relatively complex but extremely detailed and enlightening book. A challenging read for sure, but undoubtedly rewarding and enjoyable.

I read the book in a few days and found it very interesting and fluent despite the fact that it is not exactly short. Excellent book if you want to start investing in the stock market or even for those who are already more experienced and need support to review or diversify their portfolio.

This is one of the best biographies I have ever read. Devoured book, moreover many extra points go to this book because the writer was allowed freedom of initiative. Great story of the life of Warren Buffett

Very fascinating story and well told in great detail. For finance enthusiasts I recommend it. For those new to the industry it is also fine although they will need to do some research.

Born in 1930 in Omaha, Nebraska, he is the second of three children, the only son, of Howard Buffett. He embarked on his first investment when he was only eleven years old. In March 1942, Buffett buys three shares in Cities Service for $38 each. The stock drops quickly to $27, then rises again and touches $40.

Berkshire Hathaway is a US holding company, and by far one of the largest in the world; its CEO and chairman is Warren Buffett who, according to the Bloomberg Billionaires Index, as of 2 September 2022, is the seventh richest man in the world, with assets of $98.4 billion.

Warren Buffett

Buffett's investment conglomerate now owns about 159 million Chevron shares (worth about $27 billion), 143 million shares in Occidental (almost $10 billion), 121 million shares in HP (over $4 billion) and 64 million shares in Activision.

On the first front, Berkshire massively increased its shareholding in the oil giant Chevron from $4.5 billion at the end of 2021 to $25.9 billion at the end of March 2021.

Warren Buffett was born in 1930 in the state of Nebraska in Omaha (he got his nickname the Oracle of Omaha from his hometown) and is one of the leading traders in history. He was a student of Benjamin Graham (the father of 'value investing') at Columbia Business School where he learnt from his professor the investment technique based on the identification of three components: the value of assets, the value of margins in the current state of things and the value of expected growth.

Having become chairman and managing director of Berkshire Hathaway, a holding company of some eighty listed and unlisted companies, in 1960 Buffett began to use his own investment technique which, in his own words, is '85% Graham and 15% Fisher'. The latter, Philip Fisher, was a staunch defender of long-term investing and advised investors to hold on to stocks until a change in fundamentals occurred, or until the company had grown to a point beyond which it was not possible to grow faster than the economy in general.

Compared to the investment philosophy of his mentor Graham, Buffett maintains a less quantitative and more qualitative approach, selecting companies to buy after analysing the company's business, its competitive advantages, the honesty and capabilities of the company's top management, and above all the market price.

Although Buffett has never been a short-term speculator, but has always preferred to hold on to the shares he has bought for a long time, so as to wait for them to be valued by the market, according to some analysts, he has more recently abandoned long-term dollar investments for more liquid assets. For the latter, Buffett predicts that the Fed will devalue the dollar to reduce its debt and increase exports, and for this reason he is also diversifying his portfolio through investments in companies that could benefit from this policy.