Warren Buffet Stands Tall Amidst Meltdown
The collaboration between the two personalities has produced 838 pages titled The Snowball: Warren Buffett and the Business of Life which is an exhaustive look at the life and times of Warren Buffet. While the credit crunch has not really been kind to the investing community, but the official biography writer couldn"t have written the book at a better time. He is also seen as the conscience keeper of the corporate world of America, and now that he has predicted the current credit crunch, he seems to have gone up very close to sainthood as he could have in the difficult business environment.
The Writer Knows Her Stuff
The author Alice Schroeder worked as an insurance analyst before she started studying Warren Buffet and his investing style. The book written by her is as dispassionate and cool as it needs to be. Warren Buffet is well known for his interesting conversations and witty remarks. At the age of 78, he has seen about one third history of America through his own eyes, and all the great personalities have been charmed by him, including Bill Gates and Washington Post publisher Katharine Graham. He continues to live in the modest suburbs of Ohama, though he manages to be equally effortless in the high society of Washington, New York or Los Angeles as well.
He Was Right, and Has Always Been
Read the book The Snowball: Warren Buffett and the Business of Life by Alice Schroeder and you will find out here are numerous other investors who make as much money but few can match his ability to crack jokes about it. Each spring, scores of investors come to Nebraska to get a chance to listen to him where he chairs the annual general meeting of Berkshire Hathaway. The annual report of Berkshire Hathaway is probably the only document of its kind which is fully read from cover to cover by the investing community. Most of the time, he is right too, as was the case when he called financial derivatives as weapons of mass destruction. The economic crisis of America was termed as the Economic Pearl Harbor of America by him.