Friday, 21 November 2008

The Snowball – Warren Buffett and the business life

This account by Alice Schroeder of the life and times of perhaps the best known of all investors is perhaps timely and will make interesting reading for any business owner.
Buffett always appears to be betting against the trend – as his recent multi-million dollar investment in Goldman Sachs demonstrates and when he famously avoided getting sucked into the dot-com bubble at the turn of the century.
It’s a fascinating book, particularly at the present time, but it should be remembered that he is perhaps best known for his views on the wisdom of investing for the long term and that he has recently given most of his wealth to the Bill and Melinda Gates foundation. Warren Buffett is definitely a one off – and this is a valuable book for anyone interested in business or investment.