WARREN BUFFETT: THE SNOWBALL (BY ALICE SCHROEDER)
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- เผยแพร่เมื่อ 18 พ.ค. 2024
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Ever wondered how Warren Buffett became one of the world’s richest? Look no further. This is a video presenting the top 5 investing takeaways from Alice Schroeder’s autobiography of the man: The Snowball: Warren Buffett and the Business of Life.
A playlist that will help you in mastering Benjamin Graham’s art of Value Investing: bit.ly/2Txvxgd
Top 5 takeaways from The Snowball: Warren Buffett and the Business of Life:
0:00 Intro
01:25 1. The Power of Compounding Income
04:29 2. Be Very Skeptical of “New Paradigms”
07:17 3. Stay Within Your Circle of Competence
09:22 4. Use a Margin of Safety
12:03 5. Invest Where There is a Toll Bridge
TL;DW:
- Compound interest is probably the most powerful wonder that you can access in order to become a millionaire and succeed in your investing. Use it to your advantage.
- Be very careful about new paradigms. If it sounds too good to be true, it is probably a bubble. The market is a voting machine in the short run and a weighing machine in the long run.
- One of the best investing strategies both for beginners and advanced investors, is to stay within your circle of competence. Rule 1 in investing is to not lose money.
- As Warren Buffett has found out - and as Benjamin Graham taught him in his early career - it is easy to become rich as long as you insist on buying businesses that are worth $1, but that only costs $0.5. Use a margin of safety in all your investments.
- Companies listed on the stock markets are subject of tough competition - especially if they have high return on capital. Therefore, you should only invest in stocks that possess a competitive advantage - that is likely to persist in the future.
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.
A playlist that will help you in mastering Benjamin Graham’s art of Value Investing: bit.ly/2Txvxgd
Something about housing and how to exploit unused capacity!
I think you just foreshadowed a video that will be released mid-summer of 2019 😀
Reminiscences of a Stock Operator
He is THE MASTER !
Appreciate Video clip! Apologies for the intrusion, I would love your thoughts. Have you researched - Schallingora Brain Reconstruction Scheme (Have a quick look on google cant remember the place now)? It is a smashing exclusive product for learning how to acquire the mind of a millionaire minus the normal expense. Ive heard some super things about it and my work buddy at very last got cool success with it.
Constructive criticism: the sound effects were a little much
I like the use of sound effects but when used in these kinds of videos I would try to keep them more passive rather than for example the LOUD girl scream. You could use a less terror scream lol.
Yea lol, I had to lower the volume for the embarrassment XD
Shutup Celestia.
I love them
Nah, if you saw the takeaways from "How to win friends and influence people" you would know he used it from there: Dramatize your points
I agree with the comments, the sound effects are a bit much, especially the volume of them is too high like the one of the truck at 11:00
Yooo y'all gotta chill out on the noises
It's rare that binging TH-cam can feel productive! These videos are the perfect way to revisit concepts in books read in the past when you're a bit hazy on their details. Great content as always, honestly one of the most informative channels on the TH-cam platform :D
Glad you like them Rhodes! Cheers!
Key takeaways:
5:40 Market is a voting machine in the short run and weighing machine in the long run
12:05 Graham: invest in cheap and disliked stocks while Munger focus on monopolies in market
10:00 dude! Some people use headphones.
Par Kla th-cam.com/video/38oCxIAfS9A/w-d-xo.html
As someone with reading problems and difficulties focusing, I love the fact that you condense these books into something that helps me learn things despite my difficulties
You also can listen audiobook....I have found some in the public library and some you can download...
I appreciate you taking the time to put these video together
Just found your channel. Thanks ! Great stuff.
The power of compounding income is what really stuck out to me
Buffett is truly the master of it ...
Super valuable,thank you so much for the content!
Why did was that women driving that truck with than nuclear weapon in the back, over that shoddy bridge?
Because she liked risk
I couldn’t understand what you typed
ROFLing in my car (to get the internet I can't at home)! Funniest financial piece I've seen since Peter Schiff's Stand Up Economist routine at the improv!
@@prayunceasingly2029 - almost got it. She is attracted to drama!
Yes, she loves drama and was not getting enough from the cheap romance novels.
I love these videos, great quality and easy to understand… I could see this being presented in high school.Keep them coming!
Thank you Francisco for the support. Would be awesome if someone used the videos for that purpose!
i hope you review "Irrational Exuberance" Book the next.
Some channels don't need to ask for subscribers it's we who need to subscribe. This is that channel
Hey a new razor, Buffett's razor.
01:06 "Whenever my version is different from somebody else's , use the less flattering one."
(So far I only knew Occam's , Hitchens' and Hanlon's razor.)
Good one! Who knew Buffett could also be a great philosopher? 😁
You provide simple take ons to understand from the mindset of one of the greatest investor of all time, great analogies and explanations! Amazing job! Subscribed
Thank you, this comment makes my day man! 😁👌
Can you do think and grow rich???
$f
Ju 9
Thank you very much for all the time and effort you put into your videos, your channel is a true 10,000 bagger of knowledge!
Thanks for the explanation you maid very easy to follow great job!
I'm happy to hear it Izabel Pereira! Cheers 👌
thank you bro
10:08 That blood-curdling scream…
"chrzaszcz", haha. props for trying, tho' :) greetingz from PL! very enjoyable vids, mate!
Sebastian Domanski, thank you! Glad to hear that you enjoyed it 👌
W Szczebrzeszynie chrząszcz brzmi w trzcinie.
10:04 :))))) I'm laughing so hard! Nice job!
For an investing video, there's a lot of talk about mating. Kidding, solid video!
Victor Strategies th-cam.com/video/38oCxIAfS9A/w-d-xo.html
I highly appreciated your effort for making this video. it enlightened me to vast knowledge.
Really cool to hear reza habiby, thank you for your comment 🙌
Li Ka Shing scrambled under his car for a HK$2 coin. After his chauffeur helped him find it, he was asked why he bothered as he was the richest man in Asia at the time. His response was that money can be spent but never squandered. He rewarded the chauffeur for his help by giving the guy HK$100.
Appreciate your thoughts and expertise in memes along the journey
Thank you very much for this video!
THX. Compound. Skeptical to new paradigm. Stay in ur competence. Margin safety.
This is your best representation of 5 takeaway from any book. Congratulations.
Thank you Dr DHIMAN!
@@TheSwedishInvestor you are most welcome Sir
Great book, I really enjoy it!!!! Thanks for your videos!!!!!
i hope you review "Irrational Exuberance" Book the next.
Awesome animation and summary for someone like me
Watch out for me I see the good in everyone! One of the better videos on Buffet IMO - Great job Sir! 😊
Please read and review Phil Town's books. Rule #1, and Payback Time. These are excellent books following in the same "family" tradition as Buffett, Munger, Graham, and Dodd. Phil breaks it all down into manageable bites so it's easier to understand and apply. Thank you.
I'll add them to my list! Thanks for your suggestion Tye Warren 👍
@@TheSwedishInvestor You're welcome. I can't wait to see what you think. 😁
@@TheSwedishInvestor would be interested in this as well.
warren buffet is just such a role model
Love your videos
Bro what Programm do you use to animate your videos?
nico anderegg thanks a ton! It's called Videoscribe 👍
@@TheSwedishInvestor thanks a lot man
@@TheSwedishInvestor Thanks for the info! I was also looking for that. More power to your channel! :)
sound effects freakin me out mahn
Nice to meet you top 5 takeaways books thant'll be great my liked
Another great summary,.
I liked the humor in the animation about the truck driving on the bridge :)
wow need to read this book now. Thanks for the great video.
Phillip Martinez th-cam.com/video/38oCxIAfS9A/w-d-xo.html
Subscribed. Actually own this book too.
Wow thanks for making this video.. love it !!
Thank you for sharing, it gave me a taste of the books I have thinking about reading ^_^
Gillar dina videos! Hälsningar från Island!! 🇮🇸🇸🇪
Very knowledgeable video
Thank you very much for video
Love from india ❤️
Awesome explanation sir please keep it up
Thank you Sumit Sen, I will! 🙌
Highly appreciated content
Wish I found this channel sooner. I binge watch this several times a day. Slowly starting to absorb the knowledge to learn financial discipline.
I'm trying his method of compound interest and something I've read In the richest man of Babylon of pay yourself first and 10% of gross pay goes to investing that pays you ie-real estate or business stocks
Richest man book is great
prome57 th-cam.com/video/38oCxIAfS9A/w-d-xo.html
Superb !
You are a great supporter, thank you man 🙌
These sound effects are insane dude
Which software do you use to edit your videos?
I need to read this book
Hi! You said that you focus on the swedish market but I don't really understand what you ment by it. The swedish market is incredibly diverse and is extremely hard to keep track on. You surely must have a focus on example meds or banking right? Not just "swedish market"
Sleepy Toast, this is a good question. Yes, there's a diverse group of companies on the Swedish Stock Exchange, in many different types of industries. To be honest, I don't prefer any single industry specifically. As long as I understand the company I'm thinking about investing in, I regard it as part of my "circle of competence". Much like Buffett though, I act from a "via negativa" standpoint instead. While Buffett generally avoids IT and tech, I avoid banking and insurance.
@@TheSwedishInvestor
Buffett does not actually avoid technology companies. The problem with the sector is that it is full of junk businesses. For every Apple, Microsoft and Amazon there is twenty pet dot coms.
Over the years it was very difficult to find good quality businesses in technology sector. Many were fly by night businesses that the likes of Buffett would have seen over several decades.
But that is not to say there are not good companies and that Buffett would not invest in them if they were available at the right price.
Warren buffet is a beast
Good work, go on with your helping content! :)
Great videos man!
That scream at 10:10 scared df out of me. I’m listening on Bluetooth lol
Thanks for the video, It was helpful. But the sex examples and the sound effects were kind of weird.
The Swedish Investor The animations are cool! Where did you get them from?
The program I use is called VideoScribe 👍
@@TheSwedishInvestor Thanks :D
Own the book for almost 5 years still didnt read it yet
Thank you
Superb
Nice video!
Thanks
Came for the tips subscribbed for the sound effects
Haha! Cheers! 🌟
10:10 IS THE REASON I CANT SLEEP NOW.
which app do you use to make the drawings?
Have you done a video on the formula to validate a company?
Sorry Steven, I don't fully understand your question, could you elaborate?
@@TheSwedishInvestor I think he's trying to say: how do you know if an company is worth investing? What kind of formulas do you need/use?
Love your work and the sound effects at 10:10... lol 😂 just hilarious! Great work as always! ❤️
Cheers Mutahir Waheed! Thank you for you support!
Thanks man
what program are you using to do this video
Tks!
nice job
Great video Thanks ad
great video the guy is an absolute legend!!
great video. thanks.
Love it.
As usual lovely
Thank you! 😍
Great job thanks
this is glorious! ive always been trying to find out about "Runescape investing tips" for a while now and i think this might have helped, Ever heard of WinxInvest?
what are you driving at ? i can hardly put the details together, winxinvest is a Financial planner/Broker
my m8 got amazing results with him ?its crazy. how does he work!?
looks like a guy who doesnt do much but i keep getting amazed by the steady profits even when the market might seem tough
my m8 got amazing results with him? its crazy how does he work !? Looks like a guy who doesnt do much but i keep getting amazed each time at the steady profits even when the market might seem tough
Great Video!
Thank you Daniel! 👍
Awesome video!
positive
Love this channel. For 90% of simple folk, buy a reliable accumulating etf and invest in the good and bad times. Leave it to grow and stop listening to all the noise around you!!
Nice videos man! Cheers from Brazil. BTW a city close to my hometown is named Schroeder, like your last name.
Thank you Rafa Ranghetti, awesome to hear that you enjoyed it! However, I don't get the Schroeder thing unfortunately, is this a pun? 😀
@@TheSwedishInvestor actually Schroeder is the last name of the author. What I mean: pt.m.wikipedia.org/wiki/Schroeder
Haha oh, sorry, of course! 😁 I have to keep reminding myself that this books is written by Alice Schroeder and not by Warren Buffett himself haha
Ola amiguinho. Nice to see you
Key Takeaways;
1.) Power of compounding income
2.) Be very skeptical of new paradigms
3.) Stay within your circle of competence
4.) Use a margin of safety
5.) Invest where there's a Toll Bridge
is this a joke lol , he put it in description dum dum
5:02 same as new tech stocks 2020/2021
nice video
All of the Swedish Investor videos are amazing and an excellent use of time. Thank you so much!
8:22 Buffet said he won't invest in business where technology is crucial to his investment decision ? Hold On boy, How about Apple investment ?
Indeed, it is definitely an exception. But it's one of few, and it took the longest of time before he went astray and did it. I bet Buffett wouldn't be in Apple currently hadn't his portfolio been so large 😊
Ajit Jain made him invest in apple
That was one of his managers calls
The fact is Apple is no longer reliant on technology advancements at the core of their business. They're at the point which it doesn't matter which phone has a higher quality camera, increased power in cpu etc. people by Apple based on the branding and recognition. You see memes of people making fun of Android users, people upgrading their iPhone the day or week it comes out, the ecosystem that Apple products have with taking away aux, changing the charging port, general compatibility between Apple products gives it a massive moat which protects it from competition. If you have a full Apple household, it would be a pain to change everything to another brand. That's why Berkshire invested in Apple, they can essentially re-release phone's with little difference and people will pay $1000 for it. He recognises the brand power over the technology aspect which can be seen through customer retention rates.
Buffet invests in unregulated monopolies and Apple is one of them. It happens to be a technology player as well.
chrzaszcz
Great video
Glad you liked it! Thank you.
Great work
Thank you! Cheers!
3:31 can anyone explain what is down side and upside? I didn't got it.
Funny and educational. Thanks!
Hannah I’m glad to hear that you liked it! 🙌 cheers!
How to estimate how much a stock is really worth?
04:38 to 04:49😀😁😀😁😀
I thought the sound effects were hilarious IMHO.