Saturday, October 18, 2008

What One Man Can Do



I am reading the new biography about Warren Buffett called, "Snowball". Based on current events this is a must read. Buffett is a unbelievable character. He is a true oddity in today's world. This is a good followup to the recent book by Boone Pickens. It was interesting to compare the lives of two men who went nothing to wealthy in completely different ways. It is also interesting to watch men with great wealth come face to face with the responsibility to "give back". To see good things come from their wealth before they die.

Buffett bought a farm when he was 15 from money made on paper routes and putting an old pin ball machine in a barber shop. He has a photographic memory and a love for numbers. He still lives in the home he bought in 1958 for $31,000. If you call his office, he answers the phone. he grew uo loving Pepsi, but now owns several million shares of Coke. People who first invested $1,000 in his company in 1958 had made $12,000,000 for each thosand by 2000! You will not be bored by this story!

This book is also a good study in what to do about buying and selling stocks. Warren's motto: When everyone is scared, be greedy. When everyone is greedy be scared!

Read this Book!
P.S. The Song playing is "What One Man Can Do" by John Denver

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