《Retirement of the God of Investing丨Reflecting on the Legendary Journey of Warren Buffett III》“The Snowball” and Buffett’s Investment Wisdom: Analysis of Iconic Quotes
- FOFA
- May 26
- 5 min read
I. “The Snowball” – Buffett’s Only Authorized Biography
📖 Author: Alice Schroeder
📅 Publication Year: 2008
🔍 Key Features:
Based on 5,000 hours of interviews, revealing Buffett’s complete journey from childhood to becoming the “Oracle of Omaha.”
The title is inspired by Buffett’s famous quote: “Life is like a snowball. The important thing is finding wet snow and a long hill.”
Offers in-depth analysis of his investment philosophy, business decisions, and life values.
II. Analysis of Buffett’s Iconic Investment Quotes
1. On “Value Investing”
💬 “Price is what you pay, value is what you get.”
Interpretation: Stock prices reflect market sentiment, but value is determined by a company’s cash flow and competitiveness.
Example: In 1973, Buffett bought shares of The Washington Post during a market crash. Despite further price declines, he held on and ultimately reaped returns of over 100x.
