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“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
“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
“He thought of partners as people who had come together out of a complex set of shared values and interests, not out of short-term economic convenience.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
“themselves. It is very biblical and very true that everyone who exalts themselves will be humbled and he who humbles himself will be exalted. That is a text for all of us. It was lived by Katharine Graham.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
“The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine,” Buffett said. “So if you had your choice, if you could put a hundred million dollars into a business that earns twenty percent on that capital—twenty million—ideally, it would be able to earn twenty percent on a hundred twenty million the following year and on a hundred forty-four million the following year and so on. You could keep redeploying capital at [those] same returns over time. But there are very, very, very few businesses like that...we can move that money around from those businesses to buy more businesses.”
― The Snowball: Warren Buffett and the Business of Life
― The Snowball: Warren Buffett and the Business of Life
Max’s 2025 Year in Books
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