Podcast appearances and mentions of Alice Schroeder

In this edition of the Yet Another Value Podcast Book Club, host Andrew Walker reunites with Byrne Hobart of The Diff to revisit The Snowball, Alice Schroeder's biography of Warren Buffett. Triggered by Buffett's recent retirement, the two reflect on how their views have evolved since first reading the book in their 20s. They unpack Buffett's complex personal life, his early financial maneuvers, near-catastrophic risks, and lasting investment philosophies. Key discussions include Buffett's detached family dynamics, calculated leverage, deep value tactics, and overlooked geopolitical caution. With a balance of admiration and critique, Andrew and Byrne present a thoughtful, analytical take on the man often mythologized as America's greatest investor.______________________________________________________________________[00:00:00] Podcast intro and book overview[00:02:05] First impressions of Snowball reread[00:04:28] Buffett's emotional and family struggles[00:05:57] His early business brilliance questioned[00:08:41] Risks nearly tanked early ventures[00:10:17] Byrne reflects on insurance troubles[00:13:44] Buffett's dual investing motivations[00:15:27] Shady dynamics of Buffett's PA[00:17:45] Hustling to raise initial capital[00:21:12] Best wins: control and distress[00:23:36] Early Buffett vs modern strategies[00:26:54] Why he avoided foreign stocks[00:28:17] Could modern Buffett act similarly?[00:30:52] Gray areas in early arbitrage[00:33:57] Incentives, risk, and bad bets[00:35:22] Buffett's paradoxical driving style[00:36:51] Solomon drama and reputational play[00:40:33] Was Solomon really near failure?[00:43:36] Role of Buffett's presence in bailout[00:45:10] LTCM: Buffett's ultimate near-miss[00:49:40] Snowball ends during 2008 crisis[00:50:52] Experience shapes Buffett's crisis style[00:53:31] Is he great at market timing?[00:56:14] Tough negotiator in private deals[01:01:34] Reconciling bearish macro with buysLinksYet Another Value Blog: https://www.yetanothervalueblog.com See our legal disclaimer here: https://www.yetanothervalueblog.com/p/legal-and-disclaimer

Learn how Herb Allen Jr built his fortune and created Allen & Co to be Hollywood's premier merchant bank. Sources Books: "The Snowball: Warren Buffett and the Business of Life" by Alice Schroeder "Hollywood Vault: Film Libraries before Home Video" by Eric Hoyt "Engulfed: The Death of Paramount Pictures and the Birth of Corporate Hollywood" by Bernard F. Dick "Steven Spielberg: A Biography" by Joseph McBride Articles: "Inside The Private World of Allen & Co." by Carol J. Loomis "All Those Allens Back a Broadway Hit" by Robert J. Col "Has Allen got a deal for you!" by Cary Reich "Herbert Allen and his merry dealsters" by Dyan Machan "Herbert A. Allen Institutional Investor Profile 1987" "When Herb Allen Talks, Star Makers Listen" by Alan Citron "Allen Puts No Stock in Wall Street Sages" by Charles Paikert "Allen & Co. Connects Hollywood with Wall Street" by Randall Smith "Inside The Annual Summer Camp For Billionaires in Sun Valley, Idaho" by Jim Dobson "Show About Mother-In-Law Making Stark a Millionaire" by Hal Boyle "Funny Girl Premieres As Movie" by Vincent Canby "Who is Running The Columbia Pictures Show?" by Jack Egan "Media-Mogul Madness" by Richard Turner "Happy Ending" by Dan Dorfman "Columbia Puts Puttnam in His Place" by Peg Tyre and Jeannette Walls "In Hollywood she walks the other way" by John Hallowell "How Are Things in Panicsville?" by Budd Schulberg "Behind the Silence at Columbia Pictures- No Moguls, No Minions, Just Profits" by Chris Welles "Stars Fell on Mismaloya" by Richard Oulahan "My Battles with Barbra and Jon" by Frank Pierson "Hollywood's Wall Street Connection" by Lucian K. Truscott IV "Financial Gossip" by Jesse Bogue "Sun Valley Daze" by Nikki Finks "A Look at Future of Show Biz" by Charles Schreger "Ray Stark—Hollywood's Deft Deal-Maker" by Philip K. Scheuer "Investigating the Gulf of Streisand Incident" by Joyce Haber "Paul Gallico's Best Seller Headed for Stage and Screen" by Louella Parsons "Movie Discs Get a Big New Boost" by Dick Williams "The Man Who Scored in Coca-Columbia" by Shawn Tully "Entertainment: New Gold in the Hollywood Hills" - Time Magazine (1966) "Show Business: Boston to Hollywood" - Time Magazine (1956) "Orchestrating Columbia's Forward March" by Joyce Haber "Tinsel returns to Columbia Studio" - Los Angeles AP (1975) "Alan J. Hirschfield Story of a Movie Mogul" by Shirley Dodson Cobb "Kerkorian to Seek 20% of Columbia" by Robert J. Cole "Coke Expected to Acquire Columbia Pictures" by Thomas C. Hayes "Schmoozing All the way to the Bank" by Leah Nathans Spiro "State of the Arb" by Jason Zweig "King of the Sports Deal" by David Whitford "A Major Studio Player" by Michael Cieply "Meeting of Moguls, if Not of Minds" by David D. Kirkpatrick "Cashing In on Old Friends in High Places" by Barry Rehfeld "Media Executives Lose their Edge" by Mark Landler

 ★ Unterstützt den Podcast via Patreon und erhaltet exklusive Bonusfolgen ★---Holt euch das Buch: Das Leben ist wie ein SchneeballIn dieser Folge besprechen wir die Biografie des wohl bekanntesten Investors der Welt: Warren Buffett. In dieser ersten von zwei Folgen (das Buch hat 1000 Seiten, was definitiv zu viel, um es kurz zusammenzufassen) besprechen wir Warren Buffetts Kindheit und Werdegang bis hin zu dem Kauf von Berkshire Hathaway.---Feedback, Wünsche und Beschimpfungen könnt ihr uns per Email schicken: feedback@swpodcast.deDu willst mehr lesen und dich mit Gleichgesinnten austauschen? Dann komm in unseren SW Podcast Buchclub Hosted on Acast. See acast.com/privacy for more information.

This is a long discussion between myself and Nelson – the Canadian Dividend Investor – about The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. There are really two definitive books about Warren Buffett – this one and Buffett: The Making of An American Capitalist by Roger Lowenstein. Lowenstein's book is excellent, but he wrote it in 1995 without the cooperation of Warren Buffett. The book was also written before Warren Buffett was extremely famous.The Snowball, in contrast, was written with the cooperation of Warren Buffett. Alice Schroeder covered Berkshire for Morgan Stanley and knew Warren Buffett personally. With his blessing, she began the project in 2003 and was given unprecedented access to Warren's files, spent a lot of time talking with him directly, and interviewed all of his close associates.The book is massive – 852 pages – and is a deep study on Warren Buffett's life.The book is controversial and we discuss that in this podcast. Warren Buffett hasn't publicly criticized it or disavowed it, but Alice Schroeder has commented that the portrayal was difficult for him at times. He doesn't endorse the book, it's not sold at the Berkshire meetings, and he appears to have distanced himself from Alice.I love the book and think it's filled with life & business lessons. I hope you enjoy our conversation about it.Links.* The Snowball: Warren Buffett and the Business of Life: https://www.amazon.com/Snowball-Warren-Buffett-Business-Life-ebook/dp/B009MYD9F8DisclaimerNothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products.  Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor's own objectives, experience, and resources.The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

In this today's episode, Patrick Donley (@JPatrickDonley) sits down with our very own Shawn O'Malley and Matthew Gutierrez who are the main drivers of our financial newsletter, We Study Markets. You'll learn what it's been like creating and writing for We Study Markets, who their biggest influences have been, how they structure their own portfolios, what an average day is like for a newsletter writer, and what future plans they have to offer more value to our readers. Shawn O'Malley is the Chief Editor for WSM and has been working on the newsletter since the very first edition in July of 2022. He graduated magna cum laude from Elon University where he studied finance and entrepreneurship. He's an integral part of the TIP team and has grown the newsletter to over 30,000 readers. Matthew Gutierrez is a writer and editor that has reported for The New York Times, The Wall Street Journal, and The Washington Post. He graduated from Syracuse University with degrees in journalism and finance. He has also been critical to the success of the newsletter and has read widely and broadly as he hones the craft of writing.  IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 03:09 - How both Shawn and Matthew got interested in the financial markets. 05:52 - What their first career steps out of college were. 08:32 - What books made the biggest impact on them. 12:09 - How Nassim Taleb's anti-fragile portfolio is structed. 16:10 - Which investors they admire the most and try to emulate. 18:56 - Why it's important to stick with an investment strategy during the downturns. 27:30 - What money moves they would encourage beginning investors to make. 29:02 - How Shawn and Matthew invest their own money. 35:23 - What is via negativa and how can you apply it. 44:10 - What it has been like to work at The Investor's Podcast Network. 50:46 - What it has been like building and growing a newsletter. 51:35 - What a day is like as a newsletter writer. 53:18 - How the newsletter has changed over time. 63:20 - What is We Study Markets Pro and how it can help you. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended book: Incerto by Nicholas Nassim Taleb. Recommended book: The Psychology of Money by Morgan Housel. Recommended book: Same as Ever by Morgan Housel. Recommended book: The Joys of Compouding by Gautum Baid. Recommended book: The Snowball by Alice Schroeder. Recommended book: Wherever You Go, There You Are by Jon Kabat-Zinn. Check out: MI306: Almanacks and Anthologies w/ Eric Jorgensen | YouTube video. Recommended book: The Almanak of Naval Ravikant by Eric Jorgensen. Recommended book: The Little Book That Beats the Market by Joel Greenblatt. Recommended book: The Warren Buffett Way by Robert Hagstrom. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: DeleteMe NerdWallet Meyka Fundrise TurboTax Public NetSuite Connect with Patrick: Twitter   Connect with Shawn: Website  |  Twitter   Connect with Matthew: Website  | Email Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In this week's episode, Patrick Donley (@JPatrickDonley) sits down with Value Stock Geek to chat about his journey into value investing, how he's developed his unique investing philosophy, and who his biggest influences have been in the value community. They also talk about how VSG worked his way out of debt, how he got into the FIRE movement, what the “weird portfolio” is, and what he would tell a younger investor just getting started. Value Stock Geek is an anonymous blogger who has been blogging & tweeting about his portfolio and value investing concepts since 2016. He operates a Substack where he investigates new companies every week and posts updates on his personal portfolio, where he buys and sells these companies. He has also written up a unique approach to asset allocation, which they discuss in the interview. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 02:05 - How VSG got interested in value investing and what his biggest influences were. 05:46 - How the dot com bubble affected him. 06:37 - How he worked his way out of debt after falling into some typical consumer traps. 09:11 - When and how he got interested in the FIRE movement. 15:16 - What value investors have influenced his current approach to stock selection. 17:52 - How VSG has learned to think about moats. 23:10 - What the “weird portfolio” is. 33:59 - Why he writes weekly research reports. 39:33 - How to use Dataroma to clone great investors. 47:35 - What he's learned from some of the guests on his podcast. 49:58 - What his favorite money and investing movies are. 52:16 - What his favorite stock is right now. 54:22 - What he would tell a younger investor on how to get started investing. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: The Intelligent Investor by Benjamin Graham. Recommended Book: The Snowball by Alice Schroeder. Recommended Book: Early Retirement Extreme by Jacob Lund Fisker. Recommended Book: Deep Value by Tobias Carlisle. Recommended Book: The Little Book that Beats the Market by Joel Greenblatt. Recommended Book: The Little Book That Builds Wealth by Pat Dorsey. Recommended Book: Money by Tony Robbins. Recommended Book: Principles by Ray Dalio. Recommended Book: The Simple Path to Wealth by JL Collins. Recommended Book: Tapdancing to Work by Carol Loomis. Check out: Dataroma. Enjoy ad-free episodes when you subscribe to our Premium Feed. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: DeleteMe Monarch Money Fundrise Linkedin Marketing Solutions NerdWallet TurboTax NetSuite Toyota Connect with Patrick: Twitter Connect with VSG: Website  | Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In this week's episode, Patrick Donley sits down with Clay Finck, host of We Study Billionaires. They do a deep dive into what Clay has learned since becoming a host at TIP, what his biggest takeaways from his favorite interviews have been, who his favorite investors are, how he structures his own portfolio and handles volatility, why The Joys of Compounding is an important book to him, and much more! Clay is a value investor who has been inspired by Chris Mayer, Nick Sleep, and Charlie Munger. He is the host of We Study Billionaires and also helps run TIP's Mastermind community, an initiative he kickstarted in 2023. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro. 02:00 - How Clay first got turned on to the world of value investing. 05:12 - What his first career steps were. 08:27 - What his thoughts are on index investing vs. active investing. 10:49 - How his transition from actuarial science to host of TIP went. 13:56 - What he's learned since starting as a host as TIP and how his life has changed. 21:38 - How he has used Twitter to share his ideas. 27:11 - What he learned from Morgan Housel's new book. 30:05 - Who he'd love to sit next to on a flight from Nebraska to New York to learn from. 47:05 - What his goal is as an investor. 50:19 - How the TIP Mastermind community has been going and what its benefits are. 58:33 - Why The Joys of Compounding is an important book for Clay. 64:52 - What's in Clay's portfolio and what some of his favorite holdings are. 69:48 - How he deals with volatility in his portfolio and what his typical holding period is. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended book: Rich Dad Poor Dad by Robert Kiyosaki. Recommended book: The Compound Effect by Darren Hardy. Recommended book: Atomic Habits by James Clear. Recommended book: The Snowball by Alice Schroeder. Recommended book: The Simple Path to Wealth by JL Collins. Recommended book: Where the Money Is by Adam Seessel. Recommended book: Same as Ever by Morgan Housel. Recommended book: How Do You Know? by Chris Mayer. Recommended book: Dhando Investor by Mohnish Pabrai. Recommended book: Richer, Wiser, Happier by William Green. Recommended book: One Up On Wall Street by Peter Lynch. Recommended book: Zen and the Art of Motorcycle Maintenance by Robert Pirsig. Recommended book: The Joys of Compounding by Gautam Baid. Check out TIP587: Dino Polska: A Polish Compounder | YouTube video. Check out TIP604: Best Quality Idea Q1 2024—Evolution AB | YouTube video. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Linkedin Marketing Solutions Fundrise Airbnb TurboTax HelloFresh NetSuite NerdWallet  Connect with Patrick: Twitter Connect with Clay: Website | Twitter  Learn more about your ad choices. Visit megaphone.fm/adchoices

Chapter 1 What's The Snowball Book by Alice SchroederThe Snowball is a biography of business tycoon Warren Buffett, written by Alice Schroeder. The book offers an in-depth exploration of Buffett's life, career, and investment strategies. Schroeder, who had extensive access to Buffett and his inner circle, traces his journey from a young boy with a knack for numbers to one of the world's wealthiest individuals. The Snowball delves into Buffett's investment philosophy, his relationships, his personal life, and the various business deals that have shaped his success. It provides readers with valuable insights into Buffett's thinking and offers lessons on finance, leadership, and life.Chapter 2 Is The Snowball Book A Good BookOpinions on the book "The Snowball: Warren Buffett and the Business of Life" by Alice Schroeder vary, as different readers may have different tastes and preferences. However, the book has generally received positive reviews and is highly regarded. It provides a comprehensive and detailed biography of Warren Buffett, one of the most successful investors in history. The author's extensive research and access to Buffett's personal life and thoughts make the book a captivating read for those interested in business, investing, and the life of Warren Buffett.Chapter 3 The Snowball Book by Alice Schroeder Summary"The Snowball: Warren Buffett and the Business of Life" is a biography written by Alice Schroeder about the life and career of billionaire investor Warren Buffett. The book takes readers on a journey from Buffett's childhood in Omaha, Nebraska to his rise as one of the most successful investors in the world.Schroeder offers an in-depth look at Buffett's early years, including his passion for entrepreneurship and investing. She explores his relationships with his parents and mentors, as well as his experiences as a student at Columbia University and his early ventures in business.The book delves into Buffett's unique investment philosophy, which emphasizes value investing and long-term thinking. Schroeder explores his iconic annual letters to Berkshire Hathaway shareholders, revealing insights into his decision-making process and strategies.Throughout the book, Schroeder also delves into Buffett's personal life, including his marriage, family, and philanthropic endeavors. She examines how Buffett's values and principles shaped his approach to both business and life."The Snowball" provides readers with an insider's perspective into the mind of Warren Buffett and offers valuable lessons and insights for aspiring investors and entrepreneurs. Schroeder's extensive research and interviews with Buffett and his inner circle make for a comprehensive and compelling biography.Overall, "The Snowball" presents a detailed and engaging account of Warren Buffett's life and his remarkable success as an investor. It is a must-read for anyone interested in learning about Buffett's investment strategies and the principles that have guided his remarkable career. Chapter 4 The Snowball Book AuthorAlice Schroeder is the author of the biography "The Snowball: Warren Buffett and the Business of Life," which was released in 2008. The book chronicles the life and accomplishments of renowned American investor Warren Buffett. As for other books written by Alice Schroeder, "The Snowball" is her only published book to date. She has primarily focused on her career as a financial analyst and writer, contributing to various publications such as The Wall Street Journal, Time, and Bloomberg News. In terms of editions, "The...

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"Who is America's best-known banker? That would be Jamie Dimon. But who is the richest? That would be Andy Beal, with an estimated net worth of $9 billion." Friend-of-the-show Frederik Gieschen joins us for an impromptu conversation about his article on the life and work of Andy Beal, the richest banker in America. Important Links: High Roller: Lessons from America's Richest Banker Frederik's Twitter Frederik's Substack Frederik's previous episode The Internet Contrarian Show Notes: The Arena, the Maze, and the Labyrinth Why do myths endure? “You can't do a good deal with a bad person” America's richest banker: the Andrew Beal story Agreeableness, contrarianism, and accountability Thinking like a banker vs. thinking like an investor The random buzz generator: How to fight linear thinking The alchemy of success Bubbles: When heterogeneity becomes homogeneity “The higher you rise in a hierarchy, the less good the information you get.” Deterministic vs. probabilistic thinking The difference between being an investor and being in the investing business The return of Andrew Beal The importance of agility MORE! Books Mentioned: The Cosmic Trigger trilogy; by Robert Anton Wilson Aesop's Fables; by Aesop Breath: The New Science of a Lost Art; by James Nestor The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time; by Michael Craig What Works on Wall Street; by Jim O'Shaughnessy The Snowball: Warren Buffett and the Business of Life; by Alice Schroeder

Podcast: Founders (LS 59 · TOP 0.5% what is this?)Episode: #286 Warren Buffett and Charlie MungerPub date: 2023-01-16What I learned from reading All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. ----Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. Get your tickets here! ----This episode is brought to you by: Tiny: Tiny is the easiest way to sell your business. Quick and straightforward exits for Founders.----Follow one of my favorite podcasts Invest Like The Best and listen to episode Mitch Lasky—The Business of GamingFollow the podcast Gamecraft to learn more about the history of the video game industry. ----[2:01] Buffett and Munger have a remarkable ability to eliminate folly, simplify things, boil down issues to their essence, get right to the point, and focus on simple and timeless truths.[3:00] The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Naval Ravikant and Eric Jorgenson.  (Founders #191)[4:00] Warren Buffet or Charlie Munger are the very wise grandfather figure that I never had.[5:00] To try to live your life totally free of mistakes is a life of inaction. —Warren Buffett[5:00] The sign above the players' entrance to the field at Notre Dame reads ´Play Like a Champion Today.' I sometimes joke that the sign at Nebraska reads 'Remember Your Helmet.' Charlie and I are 'Remember Your Helmet' kind of guys.' We like to keep it simple. (You must structure your life and business to be able to survive the inevitable bad decisions you're going to make.)[5:00] Wisdom is prevention. —Charlie Munger[6:00] We make actual decisions very rapidly, but that's because we've spent so much time preparing ourselves by quietly sitting and reading and thinking. —Charlie Munger[7:00] If you get into the mental habit of relating what you're reading to the basic underlying ideas being demonstrated, you gradually accumulate some wisdom. —Charlie Munger[7:00] At Berkshire, we don't have any meetings or committees, and I can think of no better way to become more intelligent than sit down and read. I hate meetings, frankly. I have created something that I enjoy: I happen to enjoy reading a lot, and I happen to enjoy thinking about things. —Warren Buffett[7:00] We both hate to have too many forward commitments in our schedules. We both insist on a lot of time being available to just sit and think. —Charlie Munger[8:00] I need eight hours of sleep. I think better. I have more energy. My mood is better. And think about it: As a senior executive, what do you really get paid to do? You get paid to make a small number of high-quality decisions. — Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson. (Founders #155)[9:00] I think people that multitask pay a huge price. When you multitask so much, you don't have time to think about anything deeply. You're giving the world an advantage you shouldn't do. Practically everybody is drifting into that mistake. I did not succeed in life by intelligence. I succeeded because I have a long attention span. —Charlie Munger[9:00] Jony Ive on Steve Jobs: Steve was the most remarkably focused person I've ever met. (Video)[11:00] It is just that simple. We've had enough good sense when something was working well, keep doing it. The fundamental algorithm of life: repeat what works. —Charlie Munger[13:00] ALL THE BUFFETT AND MUNGER EPISODES:Berkshire Hathaway Letters to Shareholders 1965-2018 by Warren Buffett. (Founders #88) The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. (Founders #100)The Tao of Warren Buffett by Mary Buffett & David Clark. (Founders #101) Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. (Founders #202) The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)  Tao of Charlie Munger by David Clark (Founders #78) Charlie Munger: The Complete Investor by Tren Griffin. (Founders #79) Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90) Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe. (Founders #221) [14:00] Buffett: It's an inversion process. Start out with failure, and then engineer its removal.[15:00] Munger: I figure out what I don't like instead of figuring out what I like in order to get what I like.[15:00] Repetition is the mother of learning.[17:00] Munger: You can see the results of not learning from others' mistakes by simply looking about you. How little originality there is in the common disasters of mankind. (Business failures through repetition of obvious mistakes made by predecessors and so on.)[18:00] Munger: History allows you to keep things in perspective.[18:00] Everything that needs to be said has already been said. But since no one was listening, everything must be said again.[19:00] Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You cannot build it in one day or one week.[20:00] Pretend that every single person you meet has a sign around his or her neck that says, “Make me feel important.”[22:00] Buffett: In almost 60 years of investing we found it practically useless to give advice to anyone.[23:00] Munger: One of my favorite stories is about the little boy in Texas. The teacher asked the class, If there are nine sheep in the pen and one jumps out, how many are left? And everybody got the answer right except this little boy, who said, None of them are left. And the teacher said, You don't understand arithmetic. And he said No, teacher. You don't understand sheep.[25:00] Quite often Henry simply talked about his philosophy of running a corporation and the various financial strategies that he came up with as he sat in his corner office each day, often working at his Apple computer. He was a brilliant business strategist, just as he was a brilliant chess strategist and he came up with many creative ideas, ideas that were sometimes contrary to the currently accepted methods of managing a large corporation that prevailed in those days.“He always tries to work out the best moves," Shannon said, "and maybe he doesn't like to talk too much, because when you are playing a game you don't tell anyone else what your strategy is." — Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by Dr. George Roberts. (Founders #110)[28:00] Buffett: The difference between successful people and very successful people is that very successful people say no to almost everything.[29:00] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone. (Founders #96)[31:00] Buffett: Life tends to snap you at your weakest link.[35:00] Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price (Founders #107)[38:00] Paul Graham's essays (Founders #275-277)[39:00] I'm very suspect of the person who is very good at one business, who starts thinking they should tell the world how to behave on everything. —Warren Buffett[42:00] The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)[44:00] This life isn't a greenroom for something else. He went for it. —Bourdain: The Definitive Oral Biography by Laurie Woolever.[44:00] Buffett: We're here on the earth only one time so you ought to be doing something that you enjoy as you go along and you can be enthusiastic about.[48:00] Personal History by Katherine Graham. (Founders #152)[49:00] The problem is not getting rich, it is staying sane. —Charlie Munger[54:00] Learning is not memorizing information. Learning is changing your behavior. Most people can't learn from the experiences of other people: Charlie and I don't expect to win you over to our way of thinking—we've observed enough human behavior to know the futility of that, but we do want you to be aware of our personal calculus.[57:00] We are individual opportunity driven. Our acquisition technique at Berkshire is simplicity itself: We answer the phone.[1:00:00] A brand is a promise. —Warren Buffett[1:01:00] Obsess over customers. Buffett said this about Amazon in 2012: Amazon could affect a lot of businesses who don't think they will be affected. For Amazon, it is very hard to find unhappy customers. A business that has millions and millions of happy customers can introduce them to new items, it will be a powerhouse and could affect a lot of businesses.[1:03:00] Munger: We should make a list of everything that irritates a customer, and then we should eliminate those defects one by one.[1:04:00] Most companies, when they get rich, get sloppy.[1:05:00] Munger: One of the models in my head is the 'Northern Pike Model. You have a lake full of trout. But if you throw in a few northern pike, pretty soon there aren't many trout left but a lot of northern pike. Wal-Mart in its early days was the northern pike. It figured out how the customer could be better served and just galloped through the world like Genghis Kahn.[1:09:00] Practice! Michael Jordan: The Life by Roland Lazenby. (Founders #212)[1:10:00] Market forecasters will fill your ear, but they will never fill your wallet.[1:11:00] We don't have any new tricks. We just know the old tricks better.----Subscribe to listen to Founders Premium — Subscribers can ask me questions directly which I will answer in Ask Me Anything (AMA) episodes ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders PodcastThe podcast and artwork embedded on this page are from David Senra , which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Founders (LS 61 · TOP 0.1% what is this?)Episode: #286 Warren Buffett and Charlie MungerPub date: 2023-01-16What I learned from reading All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. ----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----Follow one of my favorite podcasts Invest Like The Best and listen to episode Mitch Lasky—The Business of GamingFollow the podcast Gamecraft to learn more about the history of the video game industry. ----[2:01] Buffett and Munger have a remarkable ability to eliminate folly, simplify things, boil down issues to their essence, get right to the point, and focus on simple and timeless truths.[3:00] The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Naval Ravikant and Eric Jorgenson.  (Founders #191)[4:00] Warren Buffet or Charlie Munger are the very wise grandfather figure that I never had.[5:00] To try to live your life totally free of mistakes is a life of inaction. —Warren Buffett[5:00] The sign above the players' entrance to the field at Notre Dame reads ´Play Like a Champion Today.' I sometimes joke that the sign at Nebraska reads 'Remember Your Helmet.' Charlie and I are 'Remember Your Helmet' kind of guys.' We like to keep it simple. (You must structure your life and business to be able to survive the inevitable bad decisions you're going to make.)[5:00] Wisdom is prevention. —Charlie Munger[6:00] We make actual decisions very rapidly, but that's because we've spent so much time preparing ourselves by quietly sitting and reading and thinking. —Charlie Munger[7:00] If you get into the mental habit of relating what you're reading to the basic underlying ideas being demonstrated, you gradually accumulate some wisdom. —Charlie Munger[7:00] At Berkshire, we don't have any meetings or committees, and I can think of no better way to become more intelligent than sit down and read. I hate meetings, frankly. I have created something that I enjoy: I happen to enjoy reading a lot, and I happen to enjoy thinking about things. —Warren Buffett[7:00] We both hate to have too many forward commitments in our schedules. We both insist on a lot of time being available to just sit and think. —Charlie Munger[8:00] I need eight hours of sleep. I think better. I have more energy. My mood is better. And think about it: As a senior executive, what do you really get paid to do? You get paid to make a small number of high-quality decisions. — Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson. (Founders #155)[9:00] I think people that multitask pay a huge price. When you multitask so much, you don't have time to think about anything deeply. You're giving the world an advantage you shouldn't do. Practically everybody is drifting into that mistake. I did not succeed in life by intelligence. I succeeded because I have a long attention span. —Charlie Munger[9:00] Jony Ive on Steve Jobs: Steve was the most remarkably focused person I've ever met. (Video)[11:00] It is just that simple. We've had enough good sense when something was working well, keep doing it. The fundamental algorithm of life: repeat what works. —Charlie Munger[13:00] ALL THE BUFFETT AND MUNGER EPISODES:Berkshire Hathaway Letters to Shareholders 1965-2018 by Warren Buffett. (Founders #88) The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. (Founders #100)The Tao of Warren Buffett by Mary Buffett & David Clark. (Founders #101) Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. (Founders #202) The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)  Tao of Charlie Munger by David Clark (Founders #78) Charlie Munger: The Complete Investor by Tren Griffin. (Founders #79) Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90) Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe. (Founders #221) [14:00] Buffett: It's an inversion process. Start out with failure, and then engineer its removal.[15:00] Munger: I figure out what I don't like instead of figuring out what I like in order to get what I like.[15:00] Repetition is the mother of learning.[17:00] Munger: You can see the results of not learning from others' mistakes by simply looking about you. How little originality there is in the common disasters of mankind. (Business failures through repetition of obvious mistakes made by predecessors and so on.)[18:00] Munger: History allows you to keep things in perspective.[18:00] Everything that needs to be said has already been said. But since no one was listening, everything must be said again.[19:00] Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You cannot build it in one day or one week.[20:00] Pretend that every single person you meet has a sign around his or her neck that says, “Make me feel important.”[22:00] Buffett: In almost 60 years of investing we found it practically useless to give advice to anyone.[23:00] Munger: One of my favorite stories is about the little boy in Texas. The teacher asked the class, If there are nine sheep in the pen and one jumps out, how many are left? And everybody got the answer right except this little boy, who said, None of them are left. And the teacher said, You don't understand arithmetic. And he said No, teacher. You don't understand sheep.[25:00] Quite often Henry simply talked about his philosophy of running a corporation and the various financial strategies that he came up with as he sat in his corner office each day, often working at his Apple computer. He was a brilliant business strategist, just as he was a brilliant chess strategist and he came up with many creative ideas, ideas that were sometimes contrary to the currently accepted methods of managing a large corporation that prevailed in those days.“He always tries to work out the best moves," Shannon said, "and maybe he doesn't like to talk too much, because when you are playing a game you don't tell anyone else what your strategy is." — Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by Dr. George Roberts. (Founders #110)[28:00] Buffett: The difference between successful people and very successful people is that very successful people say no to almost everything.[29:00] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone. (Founders #96)[31:00] Buffett: Life tends to snap you at your weakest link.[35:00] Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price (Founders #107)[38:00] Paul Graham's essays (Founders #275-277)[39:00] I'm very suspect of the person who is very good at one business, who starts thinking they should tell the world how to behave on everything. —Warren Buffett[42:00] The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)[44:00] This life isn't a greenroom for something else. He went for it. —Bourdain: The Definitive Oral Biography by Laurie Woolever.[44:00] Buffett: We're here on the earth only one time so you ought to be doing something that you enjoy as you go along and you can be enthusiastic about.[48:00] Personal History by Katherine Graham. (Founders #152)[49:00] The problem is not getting rich, it is staying sane. —Charlie Munger[54:00] Learning is not memorizing information. Learning is changing your behavior. Most people can't learn from the experiences of other people: Charlie and I don't expect to win you over to our way of thinking—we've observed enough human behavior to know the futility of that, but we do want you to be aware of our personal calculus.[57:00] We are individual opportunity driven. Our acquisition technique at Berkshire is simplicity itself: We answer the phone.[1:00:00] A brand is a promise. —Warren Buffett[1:01:00] Obsess over customers. Buffett said this about Amazon in 2012: Amazon could affect a lot of businesses who don't think they will be affected. For Amazon, it is very hard to find unhappy customers. A business that has millions and millions of happy customers can introduce them to new items, it will be a powerhouse and could affect a lot of businesses.[1:03:00] Munger: We should make a list of everything that irritates a customer, and then we should eliminate those defects one by one.[1:04:00] Most companies, when they get rich, get sloppy.[1:05:00] Munger: One of the models in my head is the 'Northern Pike Model. You have a lake full of trout. But if you throw in a few northern pike, pretty soon there aren't many trout left but a lot of northern pike. Wal-Mart in its early days was the northern pike. It figured out how the customer could be better served and just galloped through the world like Genghis Kahn.[1:09:00] Practice! Michael Jordan: The Life by Roland Lazenby. (Founders #212)[1:10:00] Market forecasters will fill your ear, but they will never fill your wallet.[1:11:00] We don't have any new tricks. We just know the old tricks better.----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders PodcastThe podcast and artwork embedded on this page are from David Senra , which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

What I learned from reading All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. This episode is brought to you by: Tiny: Tiny is the easiest way to sell your business. Quick and straightforward exits for Founders.----Follow one of my favorite podcasts Invest Like The Best and listen to episode Mitch Lasky—The Business of GamingFollow the podcast Gamecraft to learn more about the history of the video game industry. ----[2:01] Buffett and Munger have a remarkable ability to eliminate folly, simplify things, boil down issues to their essence, get right to the point, and focus on simple and timeless truths.[3:00] The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Naval Ravikant and Eric Jorgenson.  (Founders #191)[4:00] Warren Buffet or Charlie Munger are the very wise grandfather figure that I never had.[5:00] To try to live your life totally free of mistakes is a life of inaction. —Warren Buffett[5:00] The sign above the players' entrance to the field at Notre Dame reads ´Play Like a Champion Today.' I sometimes joke that the sign at Nebraska reads 'Remember Your Helmet.' Charlie and I are 'Remember Your Helmet' kind of guys.' We like to keep it simple. (You must structure your life and business to be able to survive the inevitable bad decisions you're going to make.)[5:00] Wisdom is prevention. —Charlie Munger[6:00] We make actual decisions very rapidly, but that's because we've spent so much time preparing ourselves by quietly sitting and reading and thinking. —Charlie Munger[7:00] If you get into the mental habit of relating what you're reading to the basic underlying ideas being demonstrated, you gradually accumulate some wisdom. —Charlie Munger[7:00] At Berkshire, we don't have any meetings or committees, and I can think of no better way to become more intelligent than sit down and read. I hate meetings, frankly. I have created something that I enjoy: I happen to enjoy reading a lot, and I happen to enjoy thinking about things. —Warren Buffett[7:00] We both hate to have too many forward commitments in our schedules. We both insist on a lot of time being available to just sit and think. —Charlie Munger[8:00] I need eight hours of sleep. I think better. I have more energy. My mood is better. And think about it: As a senior executive, what do you really get paid to do? You get paid to make a small number of high-quality decisions. — Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson. (Founders #155)[9:00] I think people that multitask pay a huge price. When you multitask so much, you don't have time to think about anything deeply. You're giving the world an advantage you shouldn't do. Practically everybody is drifting into that mistake. I did not succeed in life by intelligence. I succeeded because I have a long attention span. —Charlie Munger[9:00] Jony Ive on Steve Jobs: Steve was the most remarkably focused person I've ever met. (Video)[11:00] It is just that simple. We've had enough good sense when something was working well, keep doing it. The fundamental algorithm of life: repeat what works. —Charlie Munger[13:00] ALL THE BUFFETT AND MUNGER EPISODES:Berkshire Hathaway Letters to Shareholders 1965-2018 by Warren Buffett. (Founders #88) The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. (Founders #100)The Tao of Warren Buffett by Mary Buffett & David Clark. (Founders #101) Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) A Few Lessons for Investors and Managers From Warren Buffett by Warren Buffett and Peter Bevelin. (Founders #202) The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)  Tao of Charlie Munger by David Clark (Founders #78) Charlie Munger: The Complete Investor by Tren Griffin. (Founders #79) Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. (Founders #90) Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe. (Founders #221) [14:00] Buffett: It's an inversion process. Start out with failure, and then engineer its removal.[15:00] Munger: I figure out what I don't like instead of figuring out what I like in order to get what I like.[15:00] Repetition is the mother of learning.[17:00] Munger: You can see the results of not learning from others' mistakes by simply looking about you. How little originality there is in the common disasters of mankind. (Business failures through repetition of obvious mistakes made by predecessors and so on.)[18:00] Munger: History allows you to keep things in perspective.[18:00] Everything that needs to be said has already been said. But since no one was listening, everything must be said again.[19:00] Berkshire was a small business at one time. It just takes time. It is the nature of compound interest. You cannot build it in one day or one week.[20:00] Pretend that every single person you meet has a sign around his or her neck that says, “Make me feel important.”[22:00] Buffett: In almost 60 years of investing we found it practically useless to give advice to anyone.[23:00] Munger: One of my favorite stories is about the little boy in Texas. The teacher asked the class, If there are nine sheep in the pen and one jumps out, how many are left? And everybody got the answer right except this little boy, who said, None of them are left. And the teacher said, You don't understand arithmetic. And he said No, teacher. You don't understand sheep.[25:00] Quite often Henry simply talked about his philosophy of running a corporation and the various financial strategies that he came up with as he sat in his corner office each day, often working at his Apple computer. He was a brilliant business strategist, just as he was a brilliant chess strategist and he came up with many creative ideas, ideas that were sometimes contrary to the currently accepted methods of managing a large corporation that prevailed in those days.“He always tries to work out the best moves," Shannon said, "and maybe he doesn't like to talk too much, because when you are playing a game you don't tell anyone else what your strategy is." — Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by Dr. George Roberts. (Founders #110)[28:00] Buffett: The difference between successful people and very successful people is that very successful people say no to almost everything.[29:00] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone. (Founders #96)[31:00] Buffett: Life tends to snap you at your weakest link.[35:00] Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price (Founders #107)[38:00] Paul Graham's essays (Founders #275-277)[39:00] I'm very suspect of the person who is very good at one business, who starts thinking they should tell the world how to behave on everything. —Warren Buffett[42:00] The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)[44:00] This life isn't a greenroom for something else. He went for it. —Bourdain: The Definitive Oral Biography by Laurie Woolever.[44:00] Buffett: We're here on the earth only one time so you ought to be doing something that you enjoy as you go along and you can be enthusiastic about.[48:00] Personal History by Katherine Graham. (Founders #152)[49:00] The problem is not getting rich, it is staying sane. —Charlie Munger[54:00] Learning is not memorizing information. Learning is changing your behavior. Most people can't learn from the experiences of other people: Charlie and I don't expect to win you over to our way of thinking—we've observed enough human behavior to know the futility of that, but we do want you to be aware of our personal calculus.[57:00] We are individual opportunity driven. Our acquisition technique at Berkshire is simplicity itself: We answer the phone.[1:00:00] A brand is a promise. —Warren Buffett[1:01:00] Obsess over customers. Buffett said this about Amazon in 2012: Amazon could affect a lot of businesses who don't think they will be affected. For Amazon, it is very hard to find unhappy customers. A business that has millions and millions of happy customers can introduce them to new items, it will be a powerhouse and could affect a lot of businesses.[1:03:00] Munger: We should make a list of everything that irritates a customer, and then we should eliminate those defects one by one.[1:04:00] Most companies, when they get rich, get sloppy.[1:05:00] Munger: One of the models in my head is the 'Northern Pike Model. You have a lake full of trout. But if you throw in a few northern pike, pretty soon there aren't many trout left but a lot of northern pike. Wal-Mart in its early days was the northern pike. It figured out how the customer could be better served and just galloped through the world like Genghis Kahn.[1:09:00] Practice! Michael Jordan: The Life by Roland Lazenby. (Founders #212)[1:10:00] Market forecasters will fill your ear, but they will never fill your wallet.[1:11:00] We don't have any new tricks. We just know the old tricks better.----Subscribe to listen to Founders Premium — Subscribers can ask me questions directly which I will answer in Ask Me Anything (AMA) episodes ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from rereading The Autobiography of Andrew Carnegie by Andrew Carnegie. Subscribe to listen to Founders Premium — Subscribers can now ask me questions directly which I will answer in Ask Me Anything (AMA) episodes [1:01] 3 part series on Andrew Carnegie and Henry Clay Frick:Meet You In Hell: Andrew Carnegie Henry Clay Frick, and the Bitter Partnership That Transformed America by Les Standiford. (Founders #73) The Autobiography of Andrew Carnegie by Andrew Carnegie (Founders #74) Henry Clay Frick: The Life of the Perfect Capitalist by Quentin Skrabec Jr. (Founders #75) [2:00] What these guys all had in common is they were hell bent on knowing their business down to the last cent. They were obsessed with having the lowest cost structure in their industry.[2:00] Highlights from Meet You in Hell: Andrew Carnegie, Henry Clay Frick, and the Bitter Partnership That Changed America:—Cut the prices, scoop the market, watch the costs, and the profits will take care of themselves.—Frick knows his business down to the ground.—Frick's rise from humble beginnings was obviously intriguing to him. It signaled to Carnegie that Frick was another of the fellow “fittest,” and those were the individuals with whom Carnegie sought to align himself.—Carnegie would repeat the mantra time and again: profits and prices were cyclical, subject to any number of transient forces of the marketplace. Costs, however, could be strictly controlled, and in Carnegie's view, any savings achieved in the costs of goods were permanent.—On this issue the two men were of one mind. Frick had made his way in coke by the same reckoning that Carnegie had in rail and steel: if you knew your costs down to the penny, you were always on firm ground.[6:00] Benjamin Franklin: An American Life by Walter Isaacson. (Founders #115)[7:00] A sunny disposition is worth more than a fortune. Young people should know that it can be cultivated; that the mind like the body can be moved from the shade into sunshine.[7:00] The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. (Founders #100)[8:00] The most important judge of your life story is yourself.[9:00] You can always understand the son by the story of his father. The story of the father is embedded in the son. —Francis Ford Coppola: A Filmmaker's Life by Michael Schumacher. (Founders #242)[10:00] Invest in technology, the savings compound, it gives you an advantage over slower moving competitors, and can be the difference between a profit and a loss.[17:00] He is working from sunrise to sunset for $1.20 a week and he is ecstatic about being able to help his family avoid poverty. [18:00] Andrew Carnegie had manic levels of optimism.[20:00] Do not delay. Do it now. It is a great mistake not to seize the opportunity. Having got myself in, I proposed to stay there if I could.[21:00] I felt that my foot was upon the ladder and that I was about to climb.[21:00] Lesson from Andrew Carnegie's early life: Focus on whatever job is in front of you at this very moment and do the best you can. You can never know what opportunities that will unlock in the future.[24:00] On the miracle of reading and having free access to a 400 volume personal library: In this way the windows were opened in the walls of my dungeon through which the light of knowledge streamed in. Every day's toil and even the long hours of night service were lightened by the book which I carried about with me and read in the intervals that could be snatched from duty. And the future was made bright by the thought that when Saturday came a new volume could be obtained.[26:00] To Colonel James Anderson, Founder of Free Libraries in Western Pennsylvania:He opened his Library to working boys and upon Saturday afternoons acted as librarian, thus dedicating not only his books but himself to the noble work. This monument is erected in grateful remembrance by Andrew Carnegie, one of the "working boys" to whom were thus opened the precious treasures of knowledge and imagination through which youth may ascend.[28:00] Running Down A Dream: How to Succeed and Thrive in a Career You Love by Bill Gurley[36:00] Dark Genius of Wall Street: The Misunderstood Life of Jay Gould, King of the Robber Barons by Edward J. Renehan Jr. (Founders #258)[43:00] This policy is a true secret of success: Uphill work it will be.[46:00] Put all your eggs in one basket and watch that basket.[46:00] The most expensive way to pay for anything is with time.[48:00] The men who have succeeded are men who have chosen one line and stuck to it. It is surprising how few men appreciate the enormous dividends derivable from investment in their own business.[48:00] My advice to young men would be not only to concentrate their whole time and attention on the one business in life in which they engage, but to put every dollar of their capital into it.[51:00] The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow. (Founders #139)[52:00] Last Train to Paradise: Henry Flagler and the Spectacular Rise and Fall of the Railroad that Crossed an Ocean by Les Standiford. (Founders #247)Subscribe to listen to Founders Premium — Subscribers can now ask me questions directly which I will answer in Ask Me Anything (AMA) episodes —I use Readwise to organize and remember everything I read. You can try Readwise for 60 days for free https://readwise.io/founders/—“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Have you struggled to keep up with the changing technologies and tools that your team needs to be successful? Today's guest, Daryl Dixon, is the Co-Founder and CEO of VALiNTRY, a business consulting firm that focuses on supporting sales with Salesforce CRM. On this episode of The Clarity Advisors Show, Daryl talks about attracting and retaining a high-level remote workforce, the lessons he has learned from working with remote teams, and the importance of servant leadership.The results of a strong culture are wildly superior to a weaker culture, and having a 100% remote workforce can make building a strong culture more difficult. Daryl talks about the ways in which he has managed to create a strong company culture with his fully-remote teams. Episode Highlights: How to attract high-level talent.How to manage a remote workforce.The importance of having a strong company culture.The importance of company values and servant leadership. .Timestamps:[00:36] A bit about VALiNTRY.[02:21] What is a CRM and why do companies need it?[03:19] About Salesforce.[04:47] Being a Salesforce partner.[07:35] Attracting high-level talent.[11:57] Lessons from having a fully remote workforce.[16:01] Creating a culture with a remote workforce.[19:19] What is still true about teams today?[24:40] The importance of D-I-S-C profiles.[29:26] Daryl's recommended resources.Episode Quotes:“We've got to be much more in tune to culture.” (Daryl)“You've got to walk the talk. You can't fool people.” (Daryl)“It's hard to serve people if you don't understand what they're looking for and how they receive information best.” (Ken)Episode Resources:How to Win Friends and Influence People, by Dale Carnegie.The Bomber Mafia, by Malcolm Gladwell.The Snowball, by Alice Schroeder.Follow/Connect with Daryl Dixon:Ddixon@valintry.comhttps://valintry360.comhttps://www.linkedin.com/in/daryladixon 

Em “A bola de neve”, Alice Schroeder conta a história de Warren Buffett, vida e negócios. Em um grande e detalhado livro, a autora resgata memórias de Warren na busca por construir a trajetória desse grande ícone das finanças. Nascido e criado em Omaha, interior dos Estados Unidos, Warren teve uma infância simples, mas não de extrema carência. Seu pai homem conservador teve muitos problemas nos seus negócios por não abrir mão de algumas visões e se manter rígido em suas posições, isso acabou limitando seus ganhos e colocando-o em uma posição ruim na sociedade de Omaha. Sua infância foi bem conturbada, meio a confusões políticas do pai e duros castigos e palavras da mãe. Cresceu triste e afastado da mãe e mesmo na sua vida adulta tinha pouquíssimo contato com a mãe. Warren desde menino sempre foi um acumulador, gostava de colecionar tudo que era possível, desde selos postais, bolas de beisebol e dólares. Durante sua adolescência entregou jornais e guardou todo seu dinheiro até os 20 e tantos anos. Se inscreveu para Harvard mas foi negado, chateado voltou para Omaha e tentou inscrição na Columbia depois de descobrir que seu astro Benjamin Graham dava aulas lá. Benjamin Graham na época era conhecido como o mais influente investidor e com o livro “O investidor inteligente” alçou posições de destaque.

 ★ Unterstützt den Podcast via Patreon und erhaltet exklusive Bonusfolgen ★---Holt euch das Buch: Das Leben ist wie ein SchneeballIn dieser zweiten Folge über die Biografie von Warren Buffett geht es um sein Wirken in seiner bekannten Firma Berkshire Hathaway. Wie er diese aufgebaut hat und welche Probleme auf dem Weg zum Welterfolg auf ihn zugekommen sind.---Schwarz auf Weiß Rating: Quellen Dichte  F 2/5 &  S 1/5 Verständlichkeit F 5/5 & S 5/5 Umsetzbarkeit F 0/5 & S 0/5 Würde ich weiterempfehlen?  F Ja & S Nein ---Feedback, Wünsche und Beschimpfungen könnt ihr uns per Email schicken: feedback@swpodcast.de ★ Support this podcast on Patreon ★

 ★ Unterstützt den Podcast via Patreon und erhaltet exklusive Bonusfolgen ★---Holt euch das Buch: Das Leben ist wie ein SchneeballIn dieser Folge besprechen wir die Biografie des wohl bekanntesten Investors der Welt: Warren Buffett. In dieser ersten von zwei Folgen (das Buch hat 1000 Seiten, was definitiv zu viel, um es kurz zusammenzufassen) besprechen wir Warren Buffetts Kindheit und Werdegang bis hin zu dem Kauf von Berkshire Hathaway.---Feedback, Wünsche und Beschimpfungen könnt ihr uns per Email schicken: feedback@swpodcast.de ★ Support this podcast on Patreon ★

IN THIS EPISODE, YOU'LL LEARN:04:02 - How Warren Buffett already read financial statements when he was kid.12:05 - Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments.24:13 - How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him.25:41 - Why Warren Buffett never replaces management in the companies he acquirers.27:04 - How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way.41:01 - Ask the Investors: How do you generate ideas for new stock investments?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:Check out our five-page executive summary of Buffett: The Making of an American Capitalist.Roger Lowenstein's book, Buffett: The Making of an American Capitalist – Read reviews of this book.Alice Schroeder's book, The Snowball – Read reviews of this book.Preston, Trey & Stig's tool for picking stock winners and managing our portfolios: TIP Finance Tool.Get in early on medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Invest in the $1.7 trillion art market with Masterworks.io. Use promo code WSB to skip the waitlist.Invest in crypto and trade it without tax headaches with AltoIRA.If you're a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Live local in Melbourne and enjoy $0 Stamp Duty*!The interval fund, a breakthrough innovation. Only at Mackenzie.Take advantage of a free mortgage review and learn about custom loans that can save you big money with American Financing.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Gain the skills you need to move your career a level up when you enroll in a Swinburne Online Business Degree. Search Swinburne Online today.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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This episode is another one about the Money category! I interview fellow podcaster Robert Leonard, who you may know from 2 awesome podcasts called Millennial Investing and Real Estate 101.Robert is a fellow Millennial who started out in the finance world and found his way into investing years ago. Eventually, he started trying real estate as well, and since has developed a portfolio from both his real estate and stock holdings (alongside his 2 podcasts) to leave his corporate 9-5 and retire from that world. His strategies seem more passive and long term, as he is a huge fan of Warren Buffet and Charlie Munger, but he explains why that is important instead of chasing stocks and trying to make it rich quick.  We talk about why he is like that and also how he analyzes some real estate deals as that has been a requested topic by many!Please leave a like and subscribe and continue to comment your thoughts.  Also feel free to reach out on Instagram @financezilla or email me at financezilla@gmail.com. Book your FREE consultation of budgeting and making your first step towards financial independence!Also, shoutout to my partner The Coldest Water!  If you haven't gotten a bottle yet, you need to! Get 10% off your online purchase by using code FINANCEZILLA to stay hydrated with their 5 star technology that keeps your water cold for up to 36+ hours. Keep your Physical Health category up by keeping hydrated, especially in the summer months and grab your Coldest Water bottle today!Follow Robert and listen more to his podcast here!Spotify link (but he's on all platforms, just look for Millennial Investing)TwitterInstagramRobert's recommendations:Bigger Pockets Real Estate Podcast (Spotify Link but it's on all platforms)The Snowball by Alice Schroeder

Learn or review the key takeaways of The Snowball by Alice Schroeder in minutes. For free: https://go.getstoryshots.com/nawQ (https://go.getstoryshots.com/nawQ) Life gets busy. Has https://geni.us/buffett-free-audiobook (The Snowball) been gathering dust on your bookshelf? Instead, pick up the key ideas now. We're scratching the surface here. If you don't already have the book, order it https://geni.us/snowball-buffett-book (here) or get the https://geni.us/buffett-free-audiobook (audiobook for free) on Amazon to learn the juicy details. StoryShots Analysis and Summary of The Snowball: Warren Buffett and The Business of Life by Alice SchroederAbout Alice SchroederAlice Schroeder is an American author and former insurance analyst. She received a BBA in finance and an MBA from the University of Texas in 1978 and 1980. Since 2008, Schroeder has worked as a columnist for Bloomberg News.    Synopsis  The Snowball is a biography of one of the most respected men within the financial world. Warren Buffett has been financially successful for over 70 years but is yet to write a memoir. This book is the first book to have unprecedented access to Buffett's life stories and lessons. The outcome is a book that provides financial advice and shows how finance can give people life advice.     StoryShot #1: Warren Buffett Benefited From a Simple Life Image  Buffett benefited from the media being intrigued by his simple life. His public image was that of a simple man who seemed genuine and trustworthy. The reality was quite different, though. Buffett has always lived a complicated life. The reason he was seen as genuine was that he used simple words and spoke passionately. He also had a loyal group of friends that made him seem more like your average man.    The reality is that Buffett was also a highly effective businessman. This meant he couldn't be friends with everyone and earned a business reputation as being tough and hard-nosed. This ability to appeal to the media while also being financially successful made him one of the most reported businesspeople.   That said, Buffett did enjoy prioritizing the simple things in life. He would often be invited to the Sun Valley Conference, a conference for the economic elite. Many got carried away in the gossip of noticing who had been disinvited since the last year's conference. Buffett was more interested in the beauty of the Sun Valley. He saw it as a perfect family vacation spot. He used this time to reunite with his whole family during one of the family's rare times.      StoryShot #2: Buffett's Inner Confidence Helped Him Succeed  Buffett's growing wealth meant that others listened to his financial advice. Roughly 99% of his wealth was invested in the stock of Berkshire Hathaway. As he was so heavily invested in this stock, it meant the stock price was a clear measure of his success. Near the end of 1999, many longtime value investors following Buffett's style decided to invest heavily in technology stocks. Many of these investors did very well, but many invested in the wrong stocks. Buffett had an inner confidence that allowed him to avoid investing in these stocks and stick to what he knew. He is richer than all of those other investors, so his inner confidence paid off.    StoryShot #3: Buffett Followed in His Family's Footsteps  Warren has a family history of working their way up the ladder. The first known Buffett in the New World was John. He was a weaver believed to be of French Huguenot descent. In the seventeenth century, he fled to America to escape religious persecution. He settled in Huntington, Long Island, as a farmer. All Buffetts after him were tradespeople. They were not merchants and they were not part of the professional class. Warren's father was born in 1903. Howard would major in journalism at the University of Nebraska and worked his way up in society through his...

Disclaimer: Not intended for financial advice for entertainment and educational purposes only. In this episode we give 3 key take aways from the Book on Warren Buffett's life. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/yourwealthplan/support

In this episode we discuss Tesco, Associated British Foods, JD Sports, British American Tobacco, Imperial Brands & Netflix. There is also a book review of The Snowball by Alice Schroeder at the end. $tsco $abf $jd $bat $imb $nflx

The Snowball: Warren Buffett and the Business of Life by Alice Schroeder provided by the bestbookbits.com site. —————————————————————

It's time. After 150+ episodes on great companies, we tackle the granddaddy of them all — Berkshire Hathaway. One episode alone isn't nearly enough to do Warren and Poor Charlie justice, so today we present Part I: Warren's story. How did a folksy, middle-class kid from Omaha become the single greatest capitalist of all-time? Why, like Jordan, did he retire (twice!) at the top of his game, only to reinvent himself and come back stronger than ever? As always, we dive in. Let's dance. If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors:  Thanks to Tiny for being our presenting sponsor for all of Acquired Season 8. Tiny is building the "Berkshire Hathaway of the internet" — something they're so dedicated to, they even make and sell bronze busts of Warren & Charlie online! if you own a wonderful internet business that you want to sell, or know someone who does, you should get in touch with them. Just like Berkshire, they commit to quick, simple diligence, a 30-day or less process, and will leave your business to do its thing for the long term. You can learn more about Tiny here: http://bit.ly/acquiredtiny and find their Berkshire Nerds store here: http://bit.ly/acquiredbrknerds Thank you as well to Vouch and to Capchase. You can learn more about them at: https://bit.ly/acquired-vouch http://bit.ly/acquiredcapchase The Warren Buffett Playbook: (also available on our website at https://www.acquired.fm/episodes/berkshire-hathaway-part-i ) 1. Money can create more money. (aka "Compounding") Very early in life, Warren figured out something most people never truly grasp: money can be used to generate more money. It's sounds simple, but once you fully internalize this concept, you'll never see the world the same again. A given sum no longer represents what you could buy with it — a coffee, a phone, a car, a house, etc — but rather what it could grow to become over time. At the extreme, people like Warren are "cursed", seeing prices for goods not as whatever the sticker says, but 5x, 10x, 20x higher — because that's what the opportunity cost of parting with the capital represents. If you own an asset that's compounding at a high rate with no obvious reason it will stop... dear lord do not interrupt it!! Most people are tempted to meddle: lock in gains, cover other losses, actively trade, or otherwise "manage" their investments. In the long run these actions are almost assuredly all value-destructive behaviors if you own truly great businesses. 2. Align incentives: be a doctor, not a prescriptionist. Warren likened stockbrokers — who got paid based on volume of trades placed, not investment performance — to "prescriptionist" doctors who were paid by their number and type of pills prescribed, versus actual patient outcomes. Once Warren created his investment partnerships (and then later transformed Berkshire Hathaway into something similar), he not only unlocked hugely better outcomes for his"patients", but allowed created a path to pursue his own dream and become fabulously wealthy in the process. 3. You can't expect to control other people's emotions around money (or anything else). However with the right "ground rules", you can mitigate the impact of others on your business and decision making — and even use them to your advantage. Warren's early partnerships had a few ground rules and norms: partners will not know what securities are held, trading in/out is allowed only 1 day / year, and Warren will consistently set low expectations (leaving himself ample room to over-deliver). These set the stage for nearly complete freedom for Warren to operate as he saw fit — to the immense gain of his limited partners. 4. Sins of omission (selling or passing) nearly always cost more than sins of commission (buying). Warren is almost without doubt the greatest investor of all time. However even he made three incredibly stupid "unforced errors" early in his career that cost hundreds of billions in future gains: selling GEICO, selling American Express, and passing on the opportunity to invest in Intel with Arthur Rock. That said, Warren's fourth great mistake (and in his estimation his greatest) was certainly a sin of commission: buying Berkshire Hathaway itself. Warren estimates this single blunder totaled $200B+ in opportunity cost over his lifetime. Carve Outs: Ben: Year One of Not Boring: https://www.notboring.co/p/a-not-boring-adventure-one-year-in David: Balaji Srinivasan on The Tim Ferriss Show: https://tim.blog/2021/03/24/balaji-srinivasan/ Episode Sources: https://berkshirehathaway.com/reports.html https://einvestingforbeginners.com/warren-buffetts-ground-rules/ https://en.wikipedia.org/wiki/Alice_Schroeder https://en.wikipedia.org/wiki/Benjamin_Graham https://en.wikipedia.org/wiki/Berkshire_Hathaway https://en.wikipedia.org/wiki/Howard_Buffett https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization#2021 https://en.wikipedia.org/wiki/Oliver_Chace https://en.wikipedia.org/wiki/Robert_Noyce https://en.wikipedia.org/wiki/Salad_Oil_scandal https://en.wikipedia.org/wiki/Samuel_Slater https://en.wikipedia.org/wiki/Seabury_Stanton https://en.wikipedia.org/wiki/Union_Pacific_Railroad https://en.wikipedia.org/wiki/Valley_Falls_Company https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929 https://en.wikipedia.org/wiki/William_J._Ruane https://fundooprofessor.wordpress.com/2012/07/09/flirting-with-floats-part-i/ https://fundooprofessor.wordpress.com/2012/07/16/flirting-with-floats-part-ii/ https://fundooprofessor.wordpress.com/2012/12/06/httpsdl-dropbox-comu28494399bloglinksfloats_and_moats-pdf/ https://medium.com/@madmedic11671/how-salad-oil-almost-crashed-the-u-s-economy-c3ed3c2cb797 https://minesafetydisclosures.com/blog/2017/4/16/berkshire-hathaway-brkb https://novelinvestor.com/happy-hour-wild-ride-geico/ https://qz.com/emails/quartz-obsession/1269094/ https://static.fmgsuite.com/media/documents/1bae1ba7-c2f2-4af5-ac1f-c0429dc7e5f0.pdf https://www.amazon.com/Buffett-American-Capitalist-Roger-Lowenstein/dp/0812979273 https://www.amazon.com/Poor-Charlies-Almanack-Charles-Expanded/dp/1578645018 https://www.amazon.com/Snowball-Warren-Buffett-Business-Life/dp/0553805096 https://www.berkshirehathaway.com/letters/1995.html https://www.cnbc.com/2019/01/31/warren-buffett-on-his-successful-relationship-with-charlie-munger.html https://www.hbomax.com/feature/urn:hbo:feature:GWEW13AjEq0vCwwEAAAAH https://www.nationalindemnity.com/About_History.aspx https://www.nytimes.com/2009/02/04/business/04buffett.html https://www.tilsonfunds.com/BRK.pdf https://www.youtube.com/watch?v=fjXZbW8ALRA&t=463s https://www.youtube.com/watch?v=FsDYatBvwYI&t=127s https://www.youtube.com/watch?v=oFEwN7j0IWw https://www.youtube.com/watch?v=UZNqLWe5o2Q&t=171s https://www.youtube.com/watch?v=ZJzu_xItNkY https://www2.census.gov/prod2/popscan/p60-001.pdf https://yale.app.box.com/s/8lb7yqca5tmfcjbjhhuw5xft7i1ddttj

The Snowball: Warren Buffett and the Business of Life by Alice Schroeder provided by the bestbookbits.com site. —————————————————————

The Snowball: Warren Buffett and the Business of Life by Alice Schroeder provided by the bestbookbits.com site. —————————————————————

The Snowball: Warren Buffett and the Business of Life by Alice Schroeder provided by the bestbookbits.com site. —————————————————————

Alice Schroeder | Snowball: Warren Buffett & the Business of Life | Book Review by Lisa Woodruff On Mondays, I will be posting a podcast recording of previously recorded book reviews. These are books that have impacted me that I want to share with you. Just in time for tax day, throughout April, I review books on money and money mindset. I share my own beliefs, ideas, and thoughts about money, and I share how I have been able to transform these over time.  The Snowball: Warren Buffett and the Business of Life by Alice Schroeder is our next money mindset book. This is a really long tale of the life and work of Warren Buffett and includes information on prior generations. I learned a lot about his simple lifestyle and how he learned about the stock market. I listened to this on Audible and it was like learning from a grandfather like person about history and money. I loved it! You can also watch this as a video review on YouTube.  Follow me on Goodreads! If you are interested in trying Audible for audiobooks, you can get a free trial with my affiliate link.

What I learned from reading The Snowball: Warren Buffett and the Business of Life by Alice Schroeder.Upgrade now to automatically unlock every full length episode. You will get access to 180 full-length episodes available nowhere else. A new episode is added every week. Learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Dr. Suess, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. Subscribe now by tapping this link.

Here is THE book 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 book tells you why Warren Buffett is the most fascinating American success story of our time.

'The Snowball' by Alice Schroeder: Meditations On The Oracle Of Omaha

One of the best ways to become more financially savvy is to learn about what has worked for those who have reached the same goals. This week, our WealthBeing hosts are giving you a review of six books by well-known financial experts on topics from personal finances to building wealth. Listen to find out how  these books will help you improve your financial literacy. 1:15 Money Problem: When Travis' client suddenly had to take over the family finances, she needed a solid influx of know-how. 2:30 Expert Examination: Derrick and Travis discuss how a book can uplift your financial knowledge: Financial book review: “Happy Money: The New Science of Smarter Spending” by Elizabeth Dunn and Michael Norton. Financial book review: “Financially Ever After: The Couples' Guide to Managing Money” by Jeff D. Opdyke. Financial book review: “Think and Grow Rich” by Napoleon Hill. Financial book review: “The Richest Man in Babylon” by George S. Clason Financial book review: The Snowball: Warren Buffett and the Business of Life” by Alice Schroeder. Financial book review: "One Up on Wall Street” by John Rothchild and Peter Lynch. Where to find and how to choose a good financial read. 28:00 Weekly Financial Fix: Travis encourages you to explore financial literacy that will help you achieve your goals. If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at wealthbeing@firstwestcu.ca, and we will consider it for a future episode. 

Summary:   "Mr. Noir-vember." This week our guest is Noir-vember's Very Own: Don English. He joins us to talk about Lured, the 1947 film noir starring Lucille Ball. Also discussed: fashion shows for pets, fetish foot modelling, and Lisa's grandmother's life as a dancer in 1930's London.     Show notes:   Pop This! EP 206: Leave Her to Heaven with Don English   Lisa's grandmother modeling in England (Instagram)   Watch Lured on YouTube   Recommendations: Andrea W.: Moon of the Crusted Snow by Waubgeshig Rice (book) Andrea G.:  Let's Eat (Netflix) Lisa:  The Snowball by Alice Schroeder (book) Don: No Room at the Morgue by Jean-Patrick Manchette (book) Music credits: "Ghost" by Podington Bear Sound of Picture "Good Times" by Podington Bear From Free Music Archive CC BY 3.0   Theme song "Pyro Flow" by Kevin Macleod From Incompetch CC BY 3.0 Intro bed:"OLPC" by Marco Raaphorst Courtesy of Free Music Archive CC BY-SA 3.0 NL   Pop This! Links: Pop This! on TumblrPop This! on iTunes (please consider reviewing and rating us!) Pop This! on Stitcher (please consider reviewing and rating us!) Pop This! on Google PlayPop This! on TuneIn radioPop This! on TwitterPop This! on Instagram Logo design by Samantha Smith Pop This! is two women talking about pop culture. Lisa Christiansen is a broadcaster, journalist and longtime metal head. Andrea Warner is a music critic, author and former horoscopes columnist. Press play and come hang out with your two new best friends. Pop This! podcast is produced by Andrea Gin. This episode was generously supported by TELUS STORYHIVE's inaugural Podcast Edition. They’re looking for original, non-fiction podcast concept pitches from BC and Alberta residents. Apply before December 2nd at STORYHIVE.com and you could get $10,000 to get your podcast off the ground!

Kali ini saya akan membahas buku The Snowball karya Alice Schroeder. Buku ini membahas soal memoar dari Warren Buffet, seorang investor legendaris yang dijuluki The Oracle of Omaha. Sepanjang hidupnya, Warren Buffet fokus pada satu hal yaitu menggulung bola saljunya dalam hal berinvestasi dan membangun reputasi. Menariknya, buku ini bukan cuma soal kekayaan Warren yang luar biasa, tapi juga prinsip hidup dan idenya yang menginspirasi jutaan orang di dunia.

Closing out our two part series with the latter half of Warren Buffett’s life with his partnership with Charlie munger, Berkshire Hathaway, Friendship with Bill Gates and much more. All from Alice Schroeder’s book: The Snowball --- Send in a voice message: https://anchor.fm/mdrnac/message

Today we review the first half of Alice Schroeder’s book: The Snowball, Warren Buffett and the Business of Life. Focusing on Warren’s early years and introduction into investing. --- Send in a voice message: https://anchor.fm/mdrnac/message

Innovation takes time. You can only see its effects over time, so you need to step back and see a bigger picture. How to do so? In the conversation with Jens Heitland, a former Head of Innovation at IKEA Centres and now a business innovation designer at Fjord, we investigate how to create a powerful innovation team and what its role is in your organisation (and it is not one to create more innovation). We discuss the criticality of the innovation mindset and the importance of having a powerful North Star to ensure you are going in the same direction. We also talk about the need to get your hands dirty (not only on the operational level but also in the executive one) and the importance of good measurement.LINKSJerry Z. Muller, “The Tyranny of Metrics”Eric Reiss, “The Lean Startup”Thomas Gordon, “Leader Effectiveness Training”Simon Sinek “Start with Why”Seth Godin “Purple Cow”Tim Ferris “The 4 Hour Workweek”About Warren Buffett by Alice Schroeder, Kirsten Potter “ The Snowball: Warren Buffett and the Business of Life”

How does one get into consulting? Learn about the job and the hows of it from a real and successful consultant, Michael Zipursky.   Michael Zipursky is the CEO of Consulting Success. He's advised organizations like Financial Times, Dow Jones, RBC, Omron, Sumitomo, and helped Panasonic launch new products into global markets. Still, more importantly, he's helped over 370 consultants from around the world in over 50 industries add six and seven figures to their annual revenues. He is one of the world's top authorities on growing a consulting business.   His work has been featured in MarketingProfs, Institute of Management Consultants, Fox Business, Chartered Management Institute, Duct Tape Marketing, and Conscious Millionaire. He is the author of 5 books on consulting and business growth, his most recent the Amazon Bestseller The Elite Consulting Mind.   Michael helps consultants attract more clients, increase their fees, win more proposals, and grow their business.   In this episode, Michael and I talked about the Four Models of Consulting and the right path to take as a consulting beginner. He also gave excellent tips on how to jumpstart your career and how to increase your pricing! Tune in!   Episode Highlights:   ●       Consulting: Definition and What People Should Think About It  [2:55] ●       Who Hires Consultants, and Why? [5:15] ●       Story Behind Consulting Success  [8:15] ●       The Consulting Success System [11:35] ●       Four Models of Consulting [15:30] ●       Tips for Consulting Beginners [19:45] ●       A Peek on The Elite Consulting Mind [21:52] ●       Book Recommendations [34:25]     AND MUCH MORE!   Resources Mentioned In This Episode: ●       If you are a future or aspiring business leader who wants to achieve the next level of success in your profession, get started by getting my FREE video short course: The Secret to Unleashing Your Top 1 Percent. ●       Get to know more about Michael Zipursky and everything about consulting through his website: consultingsuccess.com ●       Learn how to land more clients, increase your fees and win more proposals with this free 47-page Consulting Blueprint ●       Are you an Early-Stage Consultant? Check out the Momentum Course, where you can find over 51 straight to the point consulting video training and more! ●       Consulting Success offers the Clarity Coaching ProgramTM, a proven coaching program and framework for consultants to develop an optimized business model with clear messaging, premium fees, and a marketing system that generates ideal clients. ●       Michael hosts The Consulting Success Podcast, where you’ll find interviews with high-performing successful consultants about proven principles, strategies, and mindsets to attract clients, increase your income, scale your consulting business and live a life of true freedom and meaningful success. ●       Connect with Michael: o   Facebook o   Twitter o   LinkedIn   ●       Michael’s Books: o   Consulting Success o   The Elite Consulting Mind o   Profitable Relations ●       Book Recommendations: o   Straight-Line Leadership by Dusan Djukich o   Rebirth by Kamal Ravikant o   Am I Being Too Subtle? by Sam Zell o   The Snowball: Warren Buffett and the Business of Life by Alice Schroeder o   Eat Their Lunch by Anthony Iannarino o   Flip the Script by Oren Klaff o   This is Marketing by Seth Godin o   Linchpin by Seth Godin   Quotes:   “Consulting is providing advice and expertise to add value to another person’s or organization’s goals and problems.” “Complexity doesn’t scale well. Complexity just creates a lot of complexity.” “There’s a lot more room in the world for simplicity.” “Around pricing, usually, what holds most people back is not the lack of skill. It’s simply a belief that they can’t increase their prices, or if they do, they might lose business.” “The idea is you want to figure out a win-win where your client is going to have  a significant return on their investment, and you get rewarded and compensated very well for that solution, expertise, and guidance to the table.” “Most consultants are perfectionists. They delay taking actions because they want things to be just right.”     Ways to Subscribe to The Top One Percent:   Apple Podcast Stitcher PlayerFM Podtail

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The Snowball Warren Buffett and the Business of Life by Alice Schroeder Book Summary --- Support this podcast: https://anchor.fm/bestbookbits/support

Shawn Good is a second-generation attorney in Palatine, IL, just outside of Chicago. He started practicing real estate litigation when a real estate broker in his building needed an attorney. He works with investors to protect them and close deals.   As an investor, Shawn owned two condos before exchanging them for an 8-unit building in Lake County. He shares how he transitioned from owning a condo to commercial multifamily, pitfalls of investing in condos and his plans to continue to grow.    Partner: Join me at the Best Ever Conference plus 15% discount with 15DEAL   Key Insights Started practicing real estate litigation because there was a real estate broker in their building who needed an attorney.  Owned two condos, sold and 1031 exchanged into an 8 unit Things to monitor when buying a condo as an investment: bylaws, on-site management, budgets, reserves, association dues paid, meeting minutes, 22.1 disclosure (in IL) Bought an 8-unit in unincorporated Lake County Property was his friend’s grandmother’s property Unincorporated = county oversees local municipalities instead of city/township  Signs new leases at his attorney’s office - adds more professionalism and sets the tone to build rapport Biggest difference in commercial property vs. condo - managing logistics, landscape, snow removal, trash removal, rekeying, etc. Operations for the 8-unit are exceeding rent projections Make sure you have a skilled underwriter when reviewing multifamily deals    Partner: Download a Free Sample Apartment Deal Package    Bull’s Eye Tips:    Most Recommended Book: The Snowball: Warren Buffet and the Business of Life by Alice Schroeder    Most Recommended Digital/Mobile Resource: Google Docs   Daily Habit: Getting the Right Amount of Sleep   Apparent Failure: Saw his health issues as a failure, but it provided gratitude and purpose   Wish I Knew When I Was Starting Out That multifamily is an option   Advice for a Smart, Driven College Student: Learn from people who are doing it   Current Curiosity: Syndications   Best Place to Grab a Bite in Chicago: Tuxpan in Norwood Park   Connect with Shawn: Email: Shawn@thegoodlawgroup.com Website: Good Bros Property on Facebook   Leave us a review and rating on Apple Podcasts or Spotify. Be sure to check out more info at TargetMarketInsights.com.

Twitter: @Focusedcompound Email: info@focusedcompounding.com   Contact Geoff at: Email: gannononinvesting@gmail.com     Focused Compounding is an exclusive, members only site for buy and hold value investors. Inside, you will find: friendly forums, frequent blog posts on timeless investing concepts, and dozens of actionable stock ideas from other investors. Experience all this in the company of investors who follow the principles of Buffett, Munger, and Fisher instead of the whims of the crowd – for just $60 a month.   Join our free stock writeup list at: https://www.focusedcompoundinggazette.com   TAGS:Stocks, Finance, How To, Investing, Invest, Warren Buffett, Finance, Value Investing, Money

Avery Konda is all about positive business, impact investing, and #SocialImpactEverywhere. He is 23 years old, a podcast host, and an impact investor in 18 start-ups; all of which have a bottom line or mandate for positive impact. Avery works as the chief community engagement officer for Tandempark, an online volunteer platform, centralized volunteer portal, and volunteer management software that helps organizations recruit, schedule and communicate with their teams, while making it easier than ever for volunteers to discover and engage in local opportunities to strengthen and enrich their communities. The Social Impactors Podcast is all about impact. Avery works to highlight impactful individuals making positive social change in their communities.   “Some of the red flags of their competitive analysis just did not make sense. Their product although it was pretty was really, really just a shell of what it could be. And so all these things were red flags that you really should look at as a private investor or just in the investment space.”  Avery Konda Worst investment ever Avery started in investing young and slow. Putting a toe in the water, so to speak. He did not go in aggressively, but low input and low-risk investments. He would make some profit and learn, but that gave him “the investor itch”, mainly not itching for more money, but he did want to learn more and he loved the idea of making money from money. It was the sporadic start of a sometimes dangerous journey.   Young investor goes through learning phase   He learned about investing a lot, losing a lot or winning big. He learned about formulas strategies, and how some things will make money, but some things do not always work. And he learned these things the hard way, making some “pretty stupid” investments based on emotion, putting money into companies that he was emotionally attached to, which you should never do in the beginning or at any time, because you should never invest on an emotional basis. It should be very much an objective decision. He was an 18- or 19-year-old man and thought he knew the world, but he didn’t. His emotionally charged investments failed, he would regain confidence and invest again sporadically, making a little money one month, and investing more the next. Not a good idea, because you should only invest about 10% of your net worth. Sometimes he would invest more than 10%, when he points out he could have “saved that or … done the smart thing and taken my girlfriend on vacation. Because the ROI on that’s a lot more attainable sometimes.”   One early foray in angel investing tainted by emotion   Eventually he got into the private investment realm. One company he can’t name was a technology company, and again, it was based somewhat on emotional attachment as well, while trying to remain objective. He started off asking the right questions:   What’s your burn rate?   How much capital have you spent already from initial investors?   Who is in the team that you have behind it?   What was the mission?   But there were a lot of red flags. The Avery would like to highlight for young investors is the idea of using intuition, not as a basis for investing, but as a protector. If your intuition tells you something isn’t right then there is usually a good reason behind that. With this company though, Avery didn’t listen and was kind of caught in the Wow factor brought on by the “incredible product” and the “incredible team” who are doing “incredible things”, and that they “couldn’t fail”. Some of the red flags of where money was being spent and their competitive analysis didn’t make sense. And their product, although it was pretty was really just a shell of what it could be. So, as a private investor, or just in the investment space, these were red flags that you really should look. So he lost the entire investment, and at his age at the time, and the amount of net worth he had, it was a big deal and a big investment.   Company loses every month, is transparent, but does it through nonsensical spending   It did not happen overnight. He had kept telling himself there could be a way for this company to do something good, that these people could be good, but it slowly fell apart. Anytime the company would do an investor update, normally monthly, but they were still losing money, and they were losing money consistently. There were no signs of turning it around. The great thing was, the founders were very open about their failings, but while the transparency was nice, their spending didn’t make sense. They were in a new market that none of the founders had been in before. So he watched it slowly fall apart.   Failed angel uses loss as a learning opportunity The good thing for Avery though was that he used it as a case study for himself. He stepped back and researched about where the company failed, learned about what they had done wrong, and he has used his takeaways as his guideline for investments since. He follows his guidelines to the T. And now, if his intuition warns him of red flags, his ears prick up very quickly.   Some lessons Investing should very much be based on objective decision making. You should never invest on an emotional basis.   Only invest about 10% of your net worth. Never more.   Listen to your intuition, not for investment advice, but for warning signs. If your intuition about an investment or company doesn’t feel right, there is usually a good reason.   The next unicorn is just around the corner. Wait for it. Avery passes on wisdom form Jason Calacanis, the angel investor from Silicon Valley, who says every seven years the next unicorn business will come along.   “If an investment feels wrong, listen to your gut, listen to the intuition you have or listen to the research that you’ve been able to compile, and if the company doesn’t make sense … don’t invest in it? Eventually, you’ll come across that company where everything just falls in place. And that might be the next unicorn business.” Avery Konda To the young investor Invest light, invest in multiple different pathways. Do simple low-risk investments such as Tax-Free Savings Account TFSAs or the equivalent in another country, or just learning about retirement funds and how to build them. Invest in the stock markets, but if you build that up, and let it sit, and you put little bit in over time, you could have a million dollars as a base for retirement. These are our building blocks and starting blocks. You can then take a small chunk of that, and learn how to invest in moderate and an aggressive portfolios. But never touch the retirement part.     Andrew’s takeaways Stay focused on getting the fundamentals down. Angel and VC investment is sexy, but it is the area of investing that is of the highest risk. It’s best to own 10 or 20 companies as an angel investor, rather than betting it all on one. When we are young, we don’t have enough money to diversify across many different companies.   Develop your own guidelines. Andrew likes Avery’s idea here. There are a lot of books out there you can read and get good guidelines, but the key thing is to build your own guidelines that fit what you believe.   There’s only one sure way to get rich in the stock market. Leave your money in there for 30–40 years. The book about Warren Buffett’s, titled The Snowball, is all about this how money accumulates through the magic of compound interest. Which is also what the book Andrew wrote for his nieces is about. How to Start Building Your Wealth Investing in the Stock Market.   Don’t make the investment mistake that a lot of people have made, and then end up wishing: “I should have started a lot earlier.”   Actionable advice   Meet with a mentor, meet with someone in the industry you’re looking at who can really guide you along the way. Andrew adds: If you’re not in an area where good mentors are accessible, read a book, and there are a lot out there for beginning investors, including his, see links below.      No. 1 goal for next the 12 months   Doing a lot of research and reading a lot more, meeting with mentors more often and getting more immersed into this world.   Parting words   Keep investing and invest when you can. Don’t wait for it.   You can also check out Andrew’s books   How to Start Building Your Wealth Investing in the Stock Market   My Worst Investment Ever   9 Valuation Mistakes and How to Avoid Them   Transform Your Business with Dr. Deming’s 14 Points Connect with Avery Konda LinkedIn Website Podcast Twitter Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned   Alice Schroeder (2009) The Snowball: Warren Buffett and the Business of Life  

Jefferson is a mobile home park investment expert and educator. He is the founder of Park Avenue Partners (ParkAvenuePartners.com) and co-founder of Park Street Partners. Collectively he owns 25 MHPs coast-to-coast totaling over $56m in value. Jefferson started the industry's first podcast dedicated to investing in MHPs (MobileHomeParkInvestors.com). Prior to managing investors' money in 2013, he spent seven years investing his own capital in mobile home parks. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business. What you'll learn about in this episode: How Jefferson got involved in the mobile home business and purchasing mobile home parks, after a successful tech career Why Jefferson sees mobile home parks as a great source of passive income, and how to get started with little startup money Why you should look at owning the real estate and not the “wheel-estate”, and why the business is flexible and has multiple potential strategies How Jefferson structures his investments and operates his mobile home parks, and why he only owns 10% of the homes on his land What options you have available if a tenant defaults on lot rent, and why default and eviction rates are lower than in the apartment world What avenues you can use to find a mobile home park deal, and why finding a deal is sometimes difficult Why mobile home parks are a niche that requires dedication, time, money, networking, and hard work What daily activities Jefferson follows every single day to be his best and to maximize his business success What books Jefferson recommends regarding the mobile home park investing niche, and what other investment books he suggests What important advice Jefferson would give his younger self, and why outside capital has been key to his growth How to connect with Jefferson Lilly: Website: https://parkavenuepartners.com/ Podcast: www.mobilehomeparkinvestors.com Additional resources: How to Find, Buy, Manage, and Sell a Manufactured Home Community by George Allen: https://amzn.to/2VgoztR The Snowball: Warren Buffet and the Business of Life by Alice Schroeder: https://amzn.to/2IdsS5s  

Next to Bill Gates, Warren Buffett may be the person who's made and given away the most money. His definitive biography is Snowball: Warren Buffett and the Business of Life. I'll speak with the author, Alice Schroeder, who spent ten years with Buffett. In the program's 2nd segment, listeners can call in for a Workover: I do my best to help with their work problem.

Verawat Kirinruttana holds an MBA from MIT’s Sloan School of Management. He also holds a bachelor’s degree in engineering from Chulalongkorn University with first-class honors and gold medal. Verawat is currently a vice president of investment advisory services at Siam Commercial Bank (SCB). In his role, he provides asset allocation strategies and investment recommendations for private banking and affluent customers. Prior to this, he was a vice president of corporate strategy at SCB where he shaped the direction for the bank by developing strategic and tactical business plans and drove many transformation initiatives, such as the national e-payment. Before joining SCB, he was a management consultant at the Korn Ferry Hay Group (now Korn Ferry) at its Southeast Asia office, where he spent more than four years in human capital management, organizational development, and performance management.    “With a lot of analysis and valuation you would believe that found a diamond but management, the corporate governance of that company might not be good at that at the level on the status” – Verawat Kirinruttana Lessons learned  When investing in foreign markets, expect the unexpected. Things can happen that are beyond the mind’s ability to comprehend, events way beyond your control. This can be the case of a management decision and can happen even after a lot of analysis and careful valuation, which you believe puts things within your power. Management or corporate governance of a target company may not be good and when you try to even try to figure out what happened, the unclear nature of the market and the how you access the information can be very really limited.   Solution: Cut losses as soon as possible but in frontier markets, liquidity can be the problem and may not be able to sell your position.     Andrew’s takeaways  Be careful about frontier markets. They can be very attractive, but the actual performance of an investment target may not turn out as good as is shown by the underlying economy. If you can access that market, it does not mean that it will also give you access to the same returns as those that exist in the market. Also the flow of information can be non-existent or scarce so that you don’t really know what is going to happen, even of you know people on the ground.    Liquidity issues are key. A company that is the target of investment should have about US$ 1 million dollars a day in average daily turnover, or else it is too dangerous to put money into.   Using a stop loss methodology for quantitative strategy doesn’t always work. Even having a stop loss in place makes it hard to execute where there is thin volume.   Looking carefully at corporate governance is crucial. Ask yourself, does the management show any real concern about minority shareholders     You can also check out Andrew’s books   How to Start Building Your Wealth Investing in the Stock Market   My Worst Investment Ever   9 Valuation Mistakes and How to Avoid Them     Connect with Verawat Kirinruttana  LinkedIn  Verawat Kirinruttana Connect with Andrew Stotz  astotz.com  LinkedIn  Facebook  Instagram  Twitter  YouTube  My Worst Investment Ever Podcast Further reading mentioned     Alice Schroeder (2008) The Snow Ball  Michael E. Porter (1979) How Competitive Forces Shape Strategy  

Dann Bibas is a co-founder at Fountain financial services in the United Kingdom, a digital wealth manager combining new technology was certified advisors to make personalized investing more accessible. He was formerly an equity derivatives associate at Citigroup, working closely with some of the world’s largest financial institutions on equity, cross-asset and volatility products. He is also a member of the Founders of the Future community in London, the Tech Nation Founders’ Network and is a regular speaker at start-up and fintech events.    “Stock picking, for myself at least, is really difficult”  - Dann Bibas    Die-hard passive investing fan adds key points   Dan truly believes that investment in the market for the long term is the maker of winners  He has felt this way most of his adult life since the following story of loss  Started to invest in stocks when he was a student majoring in finance at McGill University (Bachelor of Commerce)     Watching a stock closely becomes a nightmare of ups and downs   As he learned micro and macroeconomic and other financial concepts, he and his friends became interested in investing as they were learning a lot about markets and how to evaluate balance sheets.   Early forays involved using small amounts of money earned during summer jobs through a friend in his group’s TD Ameritrade account.  They bought a few hundred dollars of shares in Citigroup (a fact Dann used later on during his interview for Citigroup’s graduate program.   This was the first ever investment he actually took seriously. Perhaps too seriously, because his strong memory was that it was very anxiety driven, because he was focused on this one company, watching everything that was happening to it.  He had a clean thesis and thought he would become rich quickly. Then the stock was hit by an earnings report that was negligible below expectations.   Then some macroeconomic event happened and it fell further.   Then there was positive news and it bounced up.   But the stock can also be affected by other banks’ earnings reports, impacting the sector.   So he went from thinking he had an effective thesis but his stock was getting “hit on all sides” both up and down.   How’s the sector doing?   How’s the broader market doing?   How are its peers doing?   Is there a specific event that was not factored into the share price that is now happening?   There were too many variables.   Also stressing him out was a Forex issue. The money he was earning was in Canadian dollars, and his band of brothers was investing in US dollars.   So on top of all the above, he was having to look at how the USD/CAD was trading.     “I think it’s safe to say I was very, very overwhelmed. I think we just about sold out of our positions to break even … my first one or two gray hairs came from those couple of weeks or months of investing.”  - Dann Bibas    Definitely after this experience, he follows what Warren Buffett preaches, he converted his investor style from active to passive investments  And, he’s very happy with it.     Lessons learned  1. Stock picking is really difficult: Because:   a. Accounting for all the many variables is a lot of hard work   b. Coping emotionally with the ups and downs of a stock and all the elements that have an impact on a single stock is also very difficult   2. Full conversion and commitment “to the faith of passive investing”    a. Because of the long-term benefits   b. Investors do actually end up outperforming stock pickers  c. He much prefers reading about wider economic growth than looking into the balance sheets of individual companies  3. Such lessons drive the advice he now gives clients at Fountain    Andrew’s takeaways  Work and investing habits must suit your personality. Some people in the market just like to watch the price changes rather than beat the market “What makes you happy?”  It’s amazing how many people put money down (investing) without knowledge of the market. It’s a little bit like jumping in the car not knowing what a seat belt is or figuring out what the gas pedal is, just treading on the gas pedal.     “The end result of that is that you’re taking on risk that you don’t necessarily  know about for that person. And the world doesn’t care.”   – Andrew Stotz    One action listeners should take to avoid suffering the same fate    Try to learn the bigger picture of economics not just balance sheets   Learn about the effect of compound interest through long-term investment in the market, especially as outlined in the book about Warren Buffett, The Snowball       What is Dann’s No.1 goal for the next 12 months?  Growth of Fountain in terms of subscribed users and products ranges for customized personal investment tools, not only in the UK but in other parts of the world.    To the audience: “A lot of you out there still value that human expertise, still value human touch, when thinking about your money, your financial planning, financial security, your family’s … So how can we get more of you to benefit from Fountain’s offering, which is all the efficiencies of a digital experience, everything going through your app, everything super smooth at an affordable price? Because we have those efficiencies in place, but also without forgetting the human touch that is so valuable when thinking about your money and your long-term planning?”      Final words from Dann   Happy New Year to your audience!     Final words from Andrew  Keep that wealth growing!      You can also check out Andrew’s Books:  How to Start Building Your Wealth Investing in the Stock Market  My Worst Investment Ever  9 Valuation Mistakes and How to Avoid Them    Connect with Dann Bibas:  LinkedIn  Instagram  Facebook    Connect with Andrew Stotz:  astotz.com  LinkedIn  Facebook  Instagram  Twitter  YouTube  My Worst Investment Ever Podcast     Further reading mentioned:   Alice Schroeder  (2009) The Snowball: Warren Buffett and the Business of Life    

How much time should I spend thinking instead of doing? It's one of the biggest questions I struggle with. One side of me says “without doing you will never achieve anything.” Another side says “without thinking things through, you might end up doing the wrong things.” Thinking by itself is worthless because if you never do anything, what's the use? And if you only act without thinking, you probably end up in jail or in a ditch. That's why this topic is so important. But most of us never even consider living by a thinking/doing ratio. I live by what I call “the 20/80 rule of effective thinking.” I think for most professionals in today's age, that ratio of thinking vs doing is sufficient. Even though I'm a natural thinker, I need to remind myself to execute more than I think. Again, it's not the ratio that counts, it's the quality of your thinking. And ultimately, the quality of your thinking impacts the outcomes you achieve. Remember that poor outcomes in life are excusable but poor thinking and decision-making are not. How To Keep An Activity Log (article I talked about in the video): https://dariusforoux.com/know-thy-time/ Read more about Warren Buffett in Snowball by Alice Schroeder: https://amzn.to/2CopIbD ----------- Thanks for listening! P.S. Don't have time to read books? Try Blinkist, my favorite accelerated learning app, for FREE: https://blinkist.com/darius I use this app every day to learn something new. They create quality summaries of top non-fiction books. Do you want to get my best productivity tips for free? I've made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book here: http://dariusforoux.com/productivity-secrets/ ----------- Connect With Me Newsletter: https://dariusforoux.com YouTube: http://www.youtube.com/c/DariusForoux Instagram: https://www.instagram.com/dariusforoux/ Twitter: https://twitter.com/DariusForoux Facebook: https://www.facebook.com/dariusforoux/

In 1959, Warren Buffett made a personal investment in a private company called Mid-Continent Tab Card Company. He put in 20% of his net worth into this company and received a 16% share. Buffett held on to this investment for 18 years and the compounded annual return was 33%, so this was well-over a 100 bagger investment for Buffett.I learned about this investment by watching a 2008 talk that Alice Schroeder, author of "The Snowball: Warren Buffett and the Business of Life," gave to the Darden School of business at the University of Virginia. It's a fascinating talk, and there was a lot to learn from it. Her talk got into a ton of interesting things like how Warren Buffett values companies and whether or not he uses a discounted cash flow formula. In this episode I breakdown her talk, Buffett's investment, and the lessons I learned from it.Thanks for listening and thanks for sharing!Her talk can be found here - https://afterdinnerinvestor.com/mid-continent-tab-card-company/

L’uomo d’affari americano Warren Buffett non è solo uno dei più ricchi del pianeta (con una fortuna stimata di 62 miliardi di dollari), ma anche uno dei più chiari quando parla del complicato mondo degli investimenti. Buffett ha condiviso la sua esperienza personale con la scrittrice Alice Schroeder per la sua autobiografia “The Snowball”. Questi sono i segreti dell’uomo saggio di Omaha per fare soldi:1. Reinvestire i guadagniQuando guadagni soldi per la prima volta, la cosa più allettante è spenderli. Ma non farlo. Invece, reinvesti il denaro. Buffett racconta che lui e un amico hanno comprato un flipper che hanno messo in un salone da parrucchiere. Con i soldi guadagnati, hanno acquistato altre macchine per metterle in altri otto negozi. Quando hanno deciso di venderle, Buffett ha utilizzato i soldi guadagnati per comprare azioni e avviare altre piccole imprese. Questo si chiama il potere dell’interesse composto. Se con un investimento di 1.000 dollari, guadagni il 10% all’anno, riceverai 100 euro di profitto ogni 12 mesi. Se invece di prendere il denaro, lo reinvesti con lo stesso tasso di rendimento otterrai un beneficio maggiore ogni anno (con 1.100 euro di investimento = 110 euro di profitto). Il beneficio aumenterà in modo esponenziale nel tempo.2. Determinare chiaramente l’accordo prima di iniziareIl potere contrattuale è sempre maggiore prima di iniziare il lavoro. E’ il momento in cui hai qualcosa da offrire all’altra parte. Buffett ha imparato questa lezione nel modo più difficile: da bambino suo nonno Ernest ha assunto lui e un amico per ripulire il negozio di famiglia dopo una tempesta di neve. Dopo aver spalato la neve per cinque ore, suo nonno ha dato loro 90 centesimi da dividere.mWarren Buffett non negozia. Èmolto diretto sul prezzo che è disposto a pagare per acquisire un’azienda.3. Guardare le piccole speseBuffett investe in quelle aziende gestite da manager ossessionati dalle più piccole spese. Una volta ha acquistato una società il cui proprietario ha contato i fogli di carta per vedere ​se lo stavano ingannando, ed era vero. Ha anche fatto attenzione all’iniziativa di un amico che da solo ha dipinto la facciata dell’edificio di fronte alla strada. Non sprecare soldi! C’è una grande differenza tra risparmiare ed essere avaro. E’ bene risparmiare il denaro con saggezza ogni volta che è possibile e non pagare mai più di quello che si riceve.4. Essere tenaceCon duro lavoro eintelligenza, puoi vincere anche contro un concorrente più affermato. Affronterai colpi duri e momenti difficili nella vita. Devi solo essere tenace e continuare a lavorare.5. Sapere quando lasciar perdereRicorda: non devi ripetere la stessa cosa che hai fatto quando hai perso. Se ti accorgi che la tua proposta di investimento iniziale è fallita, è ora di venderla e lasciarla. Trova una nuova opportunità di investimento e mettici i soldi. Se si fallisce, è meglio riconoscerlo al più presto, imparare dall’esperienza e andare avanti.6. Valutare i rischiPer Buffett il rischio è semplicemente la probabilità di perdere l’investimento iniziale. E non è qualcosa che può essere mitigato attraverso la diversificazione, le opzioni o un’altra strategia di gestione del portafoglio. Per Buffett, l’assunzione del rischio è una decisione, andare o non andare. Se c’è il rischio, Buffett preferisce stare lontano.7. Sapere cosa significa veramente successoNonostante la sua ricchezza, Buffett non misura il successo in dollari. Nel 2006, ha promesso di dare quasi tutta la sua fortuna in beneficenza, principalmente alla Fondazione Bill e Melinda Gates. Non vuole che vengano realizzati monumenti in suo onore. Non esiste alcun Warren Buffett Building o simili. “Quando raggiungerai la mia età, misurerai il tuo successo nella vita per il numero di persone che ami e che ti amano davvero, questa è la prova definitiva di come hai vissuto la tua vita”, dice Buffett.Ascolta l'audio per avere info maggiori su questo argomento. Approfondisci leggendo, guardando ed ascoltando direttamente andando sul blog >>> www.antonioleone.net

L’uomo d’affari americano Warren Buffett non è solo uno dei più ricchi del pianeta (con una fortuna stimata di 62 miliardi di dollari), ma anche uno dei più chiari quando parla del complicato mondo degli investimenti. Buffett ha condiviso la sua esperienza personale con la scrittrice Alice Schroeder per la sua autobiografia “The Snowball”. Questi sono i segreti dell’uomo saggio di Omaha per fare soldi:1. Reinvestire i guadagniQuando guadagni soldi per la prima volta, la cosa più allettante è spenderli. Ma non farlo. Invece, reinvesti il denaro. Buffett racconta che lui e un amico hanno comprato un flipper che hanno messo in un salone da parrucchiere. Con i soldi guadagnati, hanno acquistato altre macchine per metterle in altri otto negozi. Quando hanno deciso di venderle, Buffett ha utilizzato i soldi guadagnati per comprare azioni e avviare altre piccole imprese. Questo si chiama il potere dell’interesse composto. Se con un investimento di 1.000 dollari, guadagni il 10% all’anno, riceverai 100 euro di profitto ogni 12 mesi. Se invece di prendere il denaro, lo reinvesti con lo stesso tasso di rendimento otterrai un beneficio maggiore ogni anno (con 1.100 euro di investimento = 110 euro di profitto). Il beneficio aumenterà in modo esponenziale nel tempo.2. Determinare chiaramente l’accordo prima di iniziareIl potere contrattuale è sempre maggiore prima di iniziare il lavoro. E’ il momento in cui hai qualcosa da offrire all’altra parte. Buffett ha imparato questa lezione nel modo più difficile: da bambino suo nonno Ernest ha assunto lui e un amico per ripulire il negozio di famiglia dopo una tempesta di neve. Dopo aver spalato la neve per cinque ore, suo nonno ha dato loro 90 centesimi da dividere.mWarren Buffett non negozia. Èmolto diretto sul prezzo che è disposto a pagare per acquisire un’azienda.3. Guardare le piccole speseBuffett investe in quelle aziende gestite da manager ossessionati dalle più piccole spese. Una volta ha acquistato una società il cui proprietario ha contato i fogli di carta per vedere ​se lo stavano ingannando, ed era vero. Ha anche fatto attenzione all’iniziativa di un amico che da solo ha dipinto la facciata dell’edificio di fronte alla strada. Non sprecare soldi! C’è una grande differenza tra risparmiare ed essere avaro. E’ bene risparmiare il denaro con saggezza ogni volta che è possibile e non pagare mai più di quello che si riceve.4. Essere tenaceCon duro lavoro eintelligenza, puoi vincere anche contro un concorrente più affermato. Affronterai colpi duri e momenti difficili nella vita. Devi solo essere tenace e continuare a lavorare.5. Sapere quando lasciar perdereRicorda: non devi ripetere la stessa cosa che hai fatto quando hai perso. Se ti accorgi che la tua proposta di investimento iniziale è fallita, è ora di venderla e lasciarla. Trova una nuova opportunità di investimento e mettici i soldi. Se si fallisce, è meglio riconoscerlo al più presto, imparare dall’esperienza e andare avanti.6. Valutare i rischiPer Buffett il rischio è semplicemente la probabilità di perdere l’investimento iniziale. E non è qualcosa che può essere mitigato attraverso la diversificazione, le opzioni o un’altra strategia di gestione del portafoglio. Per Buffett, l’assunzione del rischio è una decisione, andare o non andare. Se c’è il rischio, Buffett preferisce stare lontano.7. Sapere cosa significa veramente successoNonostante la sua ricchezza, Buffett non misura il successo in dollari. Nel 2006, ha promesso di dare quasi tutta la sua fortuna in beneficenza, principalmente alla Fondazione Bill e Melinda Gates. Non vuole che vengano realizzati monumenti in suo onore. Non esiste alcun Warren Buffett Building o simili. “Quando raggiungerai la mia età, misurerai il tuo successo nella vita per il numero di persone che ami e che ti amano davvero, questa è la prova definitiva di come hai vissuto la tua vita”, dice Buffett.Ascolta l'audio per avere info maggiori su questo argomento. Approfondisci leggendo, guardando ed ascoltando direttamente andando sul blog >>> www.antonioleone.net

"Productivity" has become a cottage industry in the modern world--with experts like Tim Ferriss and David Allen writing best selling books about getting things done. Yet what these productivity gurus often overlook is the purpose behind the hyper efficiency. Today on the show, David and Eugene get personal and talk about the purposes that drive and motivate their daily lives. Eugene also talks about how he overcomes his struggles with procrastination to become a more productive person. This is an episode you won't want to miss! :) Eugene's 4 Levels of Productivity Operation ("PAPE"): 1: Defining PURPOSE in life. 2: Deciding on the ACTIVITIES that belong to this purpose. 3: Creating a PLAN to accomplish these activities. 4: Developing EFFICIENCIES in execution. Thanks for listening! Music: Waimis - Heaven Voices Nature - Allegro Cantabile SUBSCRIBE, RATE, and REVIEW What Just Happened? on iTunes, Stitcher, Google Play, and Spotify. Reach me at Facebook: www.facebook.com/whatjusthappenedpodcast Twitter @davidgchang whatjustpodcast @ gmail . com “He ruled out paying attention to almost anything but business—art, literature, science, travel, architecture—so that he could focus on his passion." - Alice Schroeder on Warren Buffett.

"Productivity" has become a cottage industry in the modern world--with experts like Tim Ferriss and David Allen writing best selling books about getting things done. Yet what these productivity gurus often overlook is the purpose behind the hyper efficiency. Today on the show, David and Eugene get personal and talk about the purposes that drive and motivate their daily lives. Eugene also talks about how he overcomes his struggles with procrastination to become a more productive person. This is an episode you won't want to miss! :) Eugene's 4 Levels of Productivity Operation ("PAPE"): 1: Defining PURPOSE in life. 2: Deciding on the ACTIVITIES that belong to this purpose. 3: Creating a PLAN to accomplish these activities. 4: Developing EFFICIENCIES in execution. Thanks for listening! Music: Waimis - Heaven Voices Nature - Allegro Cantabile SUBSCRIBE, RATE, and REVIEW What Just Happened? on iTunes, Stitcher, Google Play, and Spotify. Reach me at Facebook: www.facebook.com/whatjusthappenedpodcast Twitter @davidgchang whatjustpodcast @ gmail . com “He ruled out paying attention to almost anything but business—art, literature, science, travel, architecture—so that he could focus on his passion." - Alice Schroeder on Warren Buffett.

I interviewed Andrew Glincher | CEO & Managing Partner of Nixon Peabody on Tues May 29th, 2018.   Topics we discussed: Laterals and attracting talent Space usage for all their attorneys firm-wide His role at Nixon Peabody Weathering the Great Financial Crisis of 2008 Leadership qualities in Abraham Lincoln, Warren Buffett, his parents, etc. His personal values _______________________________________________ Give Feedback Please share your feedback for the show, who I should interview, and the topics that interest you right now.  _______________________________________________ Links referred to in this episode: Andrew Glincher's Web Bio Andrew's Twitter Handle Abraham Lincoln | 16th US President  Brad Stevens | Head Coach of Boston Celtics Alex Cora | Manager of the Boston Red Socks Warren Buffett | Chairman and CEO of Berkshire Hathaway The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

I've been getting a lot of questions about blogging recently. My readers and listeners are also interested in turning blogging into a career. And yes, that's possible. On this episode, I share 1 tip that has helped me to build an audience. Books I mention: Snowball by Alice Schroeder: https://amzn.to/2N1JNZ5 The Little Book Of Common Sense Investing by Jack Bogle: https://amzn.to/2tuZtLZ Don't have time to read these books? Try Blinkist, my favorite accelerated learning app. I've partnered up with them to give my listeners 20% off their premium plan: blinkist.com/darius Read about how I use Blinkist here: https://dariusforoux.com/this-accelerated-learning-app-will-change-your-life/

Right out of school Dustin Mathews helped take a company from one million to 14 million and #35 on https://www.inc.com/ (Inc. Magazine)'s fastest-growing private companies. Dustin Mathews is the Author of http://nobspresentations.com/ (No BS. Guide to Powerful Presentations) and the founder of http://www.speakingempire.com/ (Speaking Empire) a disruptive company in the leadership management space. He co-authored the No BS Guide with Dan Kennedy, one of my personal mentors. We ask the question: Can one great presentation make you rich? Who better to learn about great presentations than someone who has helped so many entrepreneurs along the way create the best presentations to create wealth beyond their limits. Topics we will discuss today will include a Guide to a powerful presentation and Crafting your own 5-step formula for success. Next, Dustin Mathews led 10 product launches that generated $10M+ in sales. Along with multiple best-selling books in the areas of marketing, sales, and life, Dustin codified a process for creating and selling products and services, Irresistible Offer Architecture®, and is currently innovating in the area of Brand Response™. His newest venture, http://www.speakingempire.com/ (Speaking Empire), is recognized as a disruptive company in the leadership training and education space. He is the mentor and coach of the world's leading speakers, coaches, business owners and thought leaders, such as https://abc.go.com/shows/shark-tank (Shark Tank) star https://kevinharrington.tv/ (Kevin Harrington), New York Times bestselling author https://www.robertallen.com/ (Robert Allen), infomercial star https://www.deangraziosi.com/ (Dean Graziosi) and X Game host and actress http://forbesfactor.com/ (Forbes Riley). His company was privileged to be involved with the Get Motivated Success tool, which included past presidents and world leaders such as Bill Clinton, Laura Bush, Ronald Reagan, Mikhail Gorbachev and sports stars like Michael Phelps, https://en.wikipedia.org/wiki/Joe_Montana (Joe Montana) and business personalities like Steve Forbes, Steve Wozniak and Kendra Todd.   In this Episode with Dustin Mathews we Discuss: Why a great presentation, webinars or speeches is so important How you can use these to explode your business a 5-step formula for crafting your own great presentation How even if you hate public speaking you can become successful with the right tips   Books Dustin and I discuss: http://nobspresentations.com/ (No B.S. Guide to Powerful Presentations: The Ultimate No Holds Barred Plan to Sell Anything with Webinars, Online Media, Speeches, and Seminars) - by Dan S. Kennedy and Dustin Mathews http://amzn.to/2Dlkc7Y (Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!) - by Robert T. Kiyosaki http://amzn.to/2rnHOqW (The Snowball: Warren Buffett and the Business of Life Paperback) – by Alice Schroeder   http://nobspresentations.com/ () Crafting your own 5-Step Formula for a Powerful Presentation: Intro - Preframing your message, having your customer or prospect in the right frame of mind to hear your presentation Story - Crafting your powerful presentation with the highs and lows of your life, your story should help people to transform Offer - Flush out all aspect of your prospect's problem before presenting a solution, use statistics, testimonials and case studies to highlight your solution Body - 3-5 key points or steps for your prospect to get results or benefits. Use Sequential Agreements to get "Yeses" Close - Let people know early how you will close, don't make them guess, show respect for their time and intelligence   Make sure to listen to the https://expatmoneyshow.com/itunes (Complete Episode) to have all 5-Steps explained in details by Dustin Mathews himself.   More Please This was a fantastic interview with Dustin... Support this podcast

Découvrez vite le résumé du livre "L'effet boule de neige" ! La plupart des gens associent le nom de Warren Buffett avec les mots investissement malin, sommes d’argent colossales et un esprit philanthrope et généreux. Dans son livre L’effet boule de neige, Alice Schroeder nous livre un portrait détaillé et perspicace de l’icône américaine. Elle retrace la croissance de la fortune de Buffett des jours où il faisait du porte-à-porte dans la ville d’Omaha à la détention d’une des entreprises les plus rentables au monde. Le livre met également en lumière des aspects de la vie personnelle de Buffett. Une vie remplie d’incertitudes et de relations mouvementées. L’effet boule de neige est véritablement un livre à part dans la littérature financière, une biographie extrêmement bien documentée qui raconte l’histoire de Warren Buffett de manière très engageante. ————————————— - Mon histoire personnelle : bit.ly/2wHpqdM - Ma page Facebook : facebook.com/EcoledesFinancesPersonnelles - Ce podcast sur l'iPhone et sur iTunes : apple.co/2u5sjDI

http://www.tropicalmba.com/buffett/ Recently, Dan and Ian have decided to research someone who is a legend in the world of business. For a very long time, Warren Buffett was the richest person in the world. Dan and Ian both recently read Alice Schroeder's fantastic biography of Warren Buffett titled "The Snowball". They decided they wanted to dedicate an episode to that story of Mr. Buffett's life, and the unique business choices that he has made throughout his career.

Em “A bola de neve”, Alice Schroeder conta a história de Warren Buffett, vida e negócios. Em um grande e detalhado livro, a autora resgata memórias de Warren na busca […] O post A bola de neve apareceu primeiro em Lucas Conchetto.

Chris and Jason are discussing what they’ve learned about Warren Buffett and his business from the book, “The Snowball: Warren Buffett and the Business of Life,” by Alice Schroeder. Warren Buffett has been a major inspiration for them and how they run their businesses for quite some time. They have been using and focusing on similar business practices to Buffett for years and have even touched on some of the themes from the book in previous episodes of #theREI360show including paying attention to the deal AND the partner, checking your emotions with transactions, and most importantly–profit should always be your number one concern.

Think everybody has time to prospect for leads? Wrong! There are millions of people ready to purchase an investment property that rely on professionals to have established cash flowing properties. We call this turn-key. Hear how our guest gets these leads and find buyers for these ready out-of-the-box cash flow homes!Best Ever Tweet: It's good to take people for their word, but we are always taking hard facts. Chris Erwin real estate background: Specializes in turnkey properties for investors and founder of Prime Turnkey Properties Spent many years working for a large fund that purchased $1M – $2M in properties per week Based in Salt Lake City, Utah and say hi to him at His Best Ever book: by Alice Schroeder  in iTunes.  Listen to all episodes and get a FREE crash course on real estate investing at: Are you committed to transforming your life through Real Estate this year? If so, then go to  and claim your FREE Coaching Session.  Trevor is my personal real estate coach and I’ve been working with him for years. Spots are limited, so be sure to do it now before all the spots are gone. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips: Subscribe in   and    so you don’t miss an episode!

Back in December 2008, I had the pleasure of speaking with Alice Schroeder for about 45 minutes on WRKO Boston about Snowball, the first and certainly the last authorized biography of Warren Buffett. Schroeder scored the most coveted assignment in financial journalism, writing THE official Bufffett biography, not because of her work as a journalist, but as a Wall Street analyst who covered Berkshire Hathaway, Buffett’s company. At the time, Buffett told Schroeder to write a warts and all account, and so she did. Buffett has not spoken to Alice Schroeder since the book came out. That in and of itself is a window into the character, and flaws, of the world’s greatest investor. Buffett’s character is back in the spotlight this week, along with his grandfatherly image and reputation as one of the world’s most admired businessmen. From Alice’s Bloomberg column titled Buffett Misses Chance to Show Moral Courage, schroeder What were they thinking? How could Warren Buffett excuse David Sokol’s trading in Lubrizol Corp. (LZ) stock while Sokol was pitching the company to Berkshire Hathaway Inc. (BRK/A) as an acquisition candidate? Buffett and Sokol both say that nothing “unlawful” was going on (Sokol even went so far as to tell CNBC he did nothing inappropriate). Their explanation is that, because a deal with Lubrizol hadn’t actually been struck and wasn’t likely when Sokol bought his shares, it was all right for Sokol to profit from his knowledge of a possible deal. On Wall Street, we call this kind of trading front-running, and everybody knows that it is wrong. People get fired for doing it. Sokol said that he is leaving Berkshire to pursue other business interests, and the timing is linked to Berkshire’s April 30 annual shareholder meeting, which is attended by tens of thousands of people. That’s probably true, in a sense. Buffett must want this mess cleared up and out of the way before he has to take questions from shareholders. I cannot recommend Snowball: Warren Buffett and The Business of Life any higher, it is just an amazing profile of this fascinating, complicated man. Few people in the world have the insight into Warren Buffett as Alice Schroeder does. It was an honor to welcome her back to the show. The Pundit Review Radio Podcast RSS feed can be found here. What is Pundit Review Radio? On Boston’s Talk Station WRKO since 2005, Pundit Review Radio is where the old media meets the new. Each week we give voice to the work of the most influential leaders in the new media/citizen journalist revolution. Called “groundbreaking” by Talkers Magazine, this unique show brings the best of the blogs to the radio every Sunday evening from 6-8pm on AM680 WRKO, Boston’s Talk Station.

Back in December 2008, I had the pleasure of speaking with Alice Schroeder for about 45 minutes on WRKO Boston about Snowball, the first and certainly the last authorized biography of Warren Buffett. Schroeder scored the most coveted assignment in financial journalism, writing THE official Bufffett biography, not because of her work as a journalist, but as a Wall Street analyst who covered Berkshire Hathaway, Buffett’s company. At the time, Buffett told Schroeder to write a warts and all account, and so she did. Buffett has not spoken to Alice Schroeder since the book came out. That in and of itself is a window into the character, and flaws, of the world’s greatest investor. Buffett’s character is back in the spotlight this week, along with his grandfatherly image and reputation as one of the world’s most admired businessmen. From Alice’s Bloomberg column titled Buffett Misses Chance to Show Moral Courage, schroeder What were they thinking? How could Warren Buffett excuse David Sokol’s trading in Lubrizol Corp. (LZ) stock while Sokol was pitching the company to Berkshire Hathaway Inc. (BRK/A) as an acquisition candidate? Buffett and Sokol both say that nothing “unlawful” was going on (Sokol even went so far as to tell CNBC he did nothing inappropriate). Their explanation is that, because a deal with Lubrizol hadn’t actually been struck and wasn’t likely when Sokol bought his shares, it was all right for Sokol to profit from his knowledge of a possible deal. On Wall Street, we call this kind of trading front-running, and everybody knows that it is wrong. People get fired for doing it. Sokol said that he is leaving Berkshire to pursue other business interests, and the timing is linked to Berkshire’s April 30 annual shareholder meeting, which is attended by tens of thousands of people. That’s probably true, in a sense. Buffett must want this mess cleared up and out of the way before he has to take questions from shareholders. I cannot recommend Snowball: Warren Buffett and The Business of Life any higher, it is just an amazing profile of this fascinating, complicated man. Few people in the world have the insight into Warren Buffett as Alice Schroeder does. It was an honor to welcome her back to the show. The Pundit Review Radio Podcast RSS feed can be found here. What is Pundit Review Radio? On Boston’s Talk Station WRKO since 2005, Pundit Review Radio is where the old media meets the new. Each week we give voice to the work of the most influential leaders in the new media/citizen journalist revolution. Called “groundbreaking” by Talkers Magazine, this unique show brings the best of the blogs to the radio every Sunday evening from 6-8pm on AM680 WRKO, Boston’s Talk Station.

On this week's Motley Fool Money, we share some of our favorite recent interviews.  Michael Lewis talks about The Big Short.  Alice Schroeder talks about Warren Buffett.  Matt Ridley makes the case for rational optimism.  And Dave Barry talks about the business of humor writing.

The government reports better than expected jobs numbers, Domino's and Urban Outfitters report big sales, Tivo records a big win, The SEC goes after false profits, And Apple goes after Google. On this week's Motley Fool Money Radio Show, we tackle those stories, reflect on some money quotes from film critic Roger Ebert, and share some stocks on our radar. Plus Warren Buffett biographer Alice Schroeder talks about why one company's trash is Berkshire Hathaway's treasure.

Alice Schroeder, NY Times bestselling author of TheSnowball: Warren Buffett and the Business of Life, returns to talk about Warren Buffett’s mindset and what we can learn from him. Listen as we discuss: clean thinking and how this effective practice helped Buffett’s success Buffett’s mindset Two takeways – how we can learn from Buffett and apply it to our own lives Find Alice on facebook Alice’s website Alice’s previous interview After listening to Alice discuss Buffett, what did you take away that is applicable in your life? Consider leaving a comment or subscribing to the feed to have future interviews delivered to your feed reader. Sign up for our newsletter to receive upcoming info and newsletter only promotions. smiling, The post Alice Schroeder appeared first on howshereallydoesit.com.

Alice Schroeder is a journalist and author of The Snowball: Warren Buffett and the Business of Life. Alice, a former research anaylst spent five years researching his life. Listen to our discussion about how one of the richest men in the world became so successful and how you can use his keys for your own journey! keys to his success being different clarity and focus What can you take away from this interview and apply to your own life? Please consider leaving a comment or subscribing to the feed to have future interviews delivered to your feed reader. Sign up for our newsletter to receive upcoming info and newsletter only promotions. smiling, The post Alice Schroeder appeared first on howshereallydoesit.com.

  Brian Peskin with health-line info...the power of essential oils. (327-0200 Healthy for Life)  Ed Vos  raising funds for Toys for Tots.   Fred and  Scott from American Bullion talk about buying gold.  Alice Schroeder tosses "The Snowball" an inside look at Warren Buffett

Alice Schroeder has scored one of the most coveted assignments in financial journalism, writing the first authorized biography of the world’s greatest investor and one of its richest men, Warren Buffett. This is an incredible score, especially considering Schroeder is not a journalist but a noted insurance industry analyst and former managing director at Morgan Stanley. This is no fawning profile of a sainted figure. This is the warts and all story of a very complex human being. As much as there is to admire about Warren Buffett the investor, his personal life leaves a lot to be desired. This is a great book and one that I highly recommend. Alice was great and stayed for about 40 minutes. We started with the personal side of Buffett because that was most revealing in the book. Fifty odd books have been written about Buffett the businessman. Buffett may be the most written about individual in American business in the past 30 years. It is safe to say that nobody has ever had this kind of access to his friends, family and business associates. What is Pundit Review Radio? Pundit Review Radio is where the old media meets the new. Each week we give voice to the work of the most influential leaders in the new media/citizen journalist revolution. Called “groundbreaking” by Talkers Magazine, this unique show brings the best of the blogs to your radio every Sunday evening from 7-10 pm EST on AM680 WRKO, Boston’ss Talk Station.

Alice Schroeder has scored one of the most coveted assignments in financial journalism, writing the first authorized biography of the world’s greatest investor and one of its richest men, Warren Buffett. This is an incredible score, especially considering Schroeder is not a journalist but a noted insurance industry analyst and former managing director at Morgan Stanley. This is no fawning profile of a sainted figure. This is the warts and all story of a very complex human being. As much as there is to admire about Warren Buffett the investor, his personal life leaves a lot to be desired. This is a great book and one that I highly recommend. Alice was great and stayed for about 40 minutes. We started with the personal side of Buffett because that was most revealing in the book. Fifty odd books have been written about Buffett the businessman. Buffett may be the most written about individual in American business in the past 30 years. It is safe to say that nobody has ever had this kind of access to his friends, family and business associates. What is Pundit Review Radio? Pundit Review Radio is where the old media meets the new. Each week we give voice to the work of the most influential leaders in the new media/citizen journalist revolution. Called “groundbreaking” by Talkers Magazine, this unique show brings the best of the blogs to your radio every Sunday evening from 7-10 pm EST on AM680 WRKO, Boston’ss Talk Station.

In this podcast, biographer Alice Schroeder recounts some of the life experience and wisdom of legendary investor Warren Buffett and how he loves being the life's richest man. Schroeder was...