The key message in this book:
It’s not impossible to make money on the stock market. In fact, anyone can do it. But it’s not something that will happen overnight, and it won’t happen if you don’t take it seriously. With Buffett’s tips on careful measurement, consistency, and most importantly, patience, you too can become a successful investor.
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What to read next: The Snowball, by Alice Schroeder
You’ve just learned Warren Buffett’s ground rules for success on the stock market. You’ve learned how over the course of many years, or even a lifetime, patience, compulsive measurement, and consistency can yield vast wealth as it has for Buffett – the world’s fourth-richest man.
But his history as an investor only tells part of his story. Buffett has said he’ll never write a memoir, but he allowed writer Alice Schroeder unprecedented access – not only to himself, but to his wife, children, friends, and colleagues. You’ve gotten a sense of Buffett’s principles through learning about his investment strategies. The chapters to The Snowball will show you how he’s applied them to his career and his life.