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“I learned that it pays to hang around with people better than you are, because you will float upward a little bit. And if you hang around with people that behave worse than you, pretty soon you’ll start sliding down the pole. It just works that way.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
“There are certain things that cannot be adequately explained to a virgin either by words or pictures.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
“Along with his Company A and Company B teaching method, Graham used to talk about Class 1 and Class 2 truths. Class 1 truths were absolutes. Class 2 truths became truths by conviction. If enough people thought a company’s stock was worth X, it became worth X until enough people thought otherwise. Yet that did not affect the stock’s intrinsic value—which was a Class 1 truth.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
“I feel like I’m on my back, and there’s the Sistine Chapel, and I’m painting away. I like it when people say, ‘Gee, that’s a pretty good-looking painting.’ But it’s my painting, and when somebody says, ‘Why don’t you use more red instead of blue?’ Good-bye. It’s my painting. And I don’t care what they sell it for. The painting itself will never be finished. That’s one of the great things about it.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
“It is unclear how many people at the table understood “focus” as Buffett lived that word. This kind of innate focus couldn’t be emulated. It meant the intensity that is the price of excellence. It meant the discipline and passionate perfectionism that made Thomas Edison the quintessential American inventor, Walt Disney the king of family entertainment, and James Brown the Godfather of Soul. It meant single-minded obsession with an ideal.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
Max’s 2025 Year in Books
Take a look at Max’s Year in Books, including some fun facts about their reading.
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