WARREN BUFFETT: THE SNOWBALL (BY ALICE SCHROEDER)

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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.

[@TheSwedishInvestor]

A playlist that will help you in mastering Benjamin Graham’s art of Value Investing: bit.ly/2Txvxgd

[@Hops_Heaven]

Something about housing and how to exploit unused capacity!

[@TheSwedishInvestor]

I think you just foreshadowed a video that will be released mid-summer of 2019 😀

[@sirloin8745]

Reminiscences of a Stock Operator

[@myjourney2financialfreedom91]

He is THE MASTER !

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[@RhodesW]

It's rare that binging KZbin 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 KZbin platform :D

[@TheSwedishInvestor]

Glad you like them Rhodes! Cheers!

[@markcarls1896]

Constructive criticism: the sound effects were a little much

[@tylermullins3068]

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.

[@sal_strazzullo]

Yea lol, I had to lower the volume for the embarrassment XD

[@idontlikeyouyo]

Shutup Celestia.

[@wasbeer7]

I love them

[@alexhjc8]

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

[@drwily]

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

[@krabbykrabby8818]

Yooo y'all gotta chill out on the noises

[@SilverGamingFI]

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

[@edal3375]

You also can listen audiobook....I have found some in the public library and some you can download...

[@vegdumbiryanimirchikasalaan]

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

[@filbiggs]

I appreciate you taking the time to put these video together

[@wildricerust]

The power of compounding income is what really stuck out to me

[@TheSwedishInvestor]

Buffett is truly the master of it ...

[@scotta.2967]

Just found your channel. Thanks ! Great stuff.

[@firelordsozin3677]

I love these videos, great quality and easy to understand… I could see this being presented in high school.Keep them coming!

[@TheSwedishInvestor]

Thank you Francisco for the support. Would be awesome if someone used the videos for that purpose!

[@yuttb3139]

i hope you review "Irrational Exuberance" Book the next.

[@jameskurniawan1016]

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

[@TheSwedishInvestor]

Thank you, this comment makes my day man! 😁👌

[@jameskurniawan1016]

Can you do think and grow rich???

[@luxilioray]

$f Ju 9

[@betty179]

Super valuable,thank you so much for the content!

[@parkla4098]

10:00 dude! Some people use headphones.

[@investindia2311]

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[@antoinem.764]

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!

[@schalkdormehl3057]

Why did was that women driving that truck with than nuclear weapon in the back, over that shoddy bridge?

[@prayunceasingly2029]

Because she liked risk

[@amertvyy]

I couldn’t understand what you typed

[@HiroNguy]

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!

[@drx1xym154]

@@prayunceasingly2029 - almost got it. She is attracted to drama! Yes, she loves drama and was not getting enough from the cheap romance novels.

[@BujorsVlog]

10:04 :))))) I'm laughing so hard! Nice job!

[@sebastiandomanski150]

"chrzaszcz", haha. props for trying, tho' :) greetingz from PL! very enjoyable vids, mate!

[@TheSwedishInvestor]

Sebastian Domanski, thank you! Glad to hear that you enjoyed it 👌

[@ukaszprzechadzki5844]

W Szczebrzeszynie chrząszcz brzmi w trzcinie.

[@drdhiman2]

This is your best representation of 5 takeaway from any book. Congratulations.

[@TheSwedishInvestor]

Thank you Dr DHIMAN!

[@drdhiman2]

@@TheSwedishInvestor you are most welcome Sir

[@izabelpereira1260]

Thanks for the explanation you maid very easy to follow great job!

[@TheSwedishInvestor]

I'm happy to hear it Izabel Pereira! Cheers 👌

[@rezahabiby8888]

I highly appreciated your effort for making this video. it enlightened me to vast knowledge.

[@TheSwedishInvestor]

Really cool to hear reza habiby, thank you for your comment 🙌

[@altvctr]

For an investing video, there's a lot of talk about mating. Kidding, solid video!

[@investindia2311]

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[@rambo-rb]

Another great summary,. I liked the humor in the animation about the truck driving on the bridge :)

[@thakareanuj]

Some channels don't need to ask for subscribers it's we who need to subscribe. This is that channel

[@thebohosuite]

thank you bro

[@Journeyman-Fixit]

Watch out for me I see the good in everyone! One of the better videos on Buffet IMO - Great job Sir! 😊

[@keesdenheijer7283]

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.)

[@TheSwedishInvestor]

Good one! Who knew Buffett could also be a great philosopher? 😁

[@valentinstoyanov304]

Thank you very much for this video!

[@nicoanderegg3812]

Love your videos Bro what Programm do you use to animate your videos?

[@TheSwedishInvestor]

nico anderegg thanks a ton! It's called Videoscribe 👍

[@nicoanderegg3812]

@@TheSwedishInvestor thanks a lot man

[@stefanwolf8558]

@@TheSwedishInvestor Thanks for the info! I was also looking for that. More power to your channel! :)

[@phillipmartinez2436]

wow need to read this book now. Thanks for the great video.

[@investindia2311]

Phillip Martinez kzbin.info/www/bejne/aWnSdKt_dsuGb6M

[@edal3375]

Great book, I really enjoy it!!!! Thanks for your videos!!!!!

[@ttlfmag3507]

Awesome animation and summary for someone like me

[@ruthjazmine3347]

Wow thanks for making this video.. love it !!

[@nhicutetran2476]

Nice to meet you top 5 takeaways books thant'll be great my liked

[@poshyabarakat-divine]

Thank you for sharing, it gave me a taste of the books I have thinking about reading ^_^

[@MegaSumit]

Awesome explanation sir please keep it up

[@TheSwedishInvestor]

Thank you Sumit Sen, I will! 🙌

[@MKBlackcollar]

Subscribed. Actually own this book too.

[@tyewarren5712]

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.

[@TheSwedishInvestor]

I'll add them to my list! Thanks for your suggestion Tye Warren 👍

[@tyewarren5712]

@@TheSwedishInvestor You're welcome. I can't wait to see what you think. 😁

[@WubblesMinecraft]

@@TheSwedishInvestor would be interested in this as well.

[@beastydude123]

Appreciate your thoughts and expertise in memes along the journey

[@bth2012]

THX. Compound. Skeptical to new paradigm. Stay in ur competence. Margin safety.

[@ytstockmarketjaydeeprabari976]

Very knowledgeable video Thank you very much for video Love from india ❤️

[@siggiAg86]

Gillar dina videos! Hälsningar från Island!! 🇮🇸🇸🇪

[@proeffect454]

Which software do you use to edit your videos?

[@JF997]

Wish I found this channel sooner. I binge watch this several times a day. Slowly starting to absorb the knowledge to learn financial discipline.

[@rhysmartins8936]

Superb !

[@TheSwedishInvestor]

You are a great supporter, thank you man 🙌

[@hoaithanh3005]

i hope you review "Irrational Exuberance" Book the next.

[@alessandrocabula6128]

which app do you use to make the drawings?

[@ranbandz7566]

That scream at 10:10 scared df out of me. I’m listening on Bluetooth lol

[@olegscheffner3373]

Good work, go on with your helping content! :)

[@yieldoncostinvesting4851]

The Swedish Investor The animations are cool! Where did you get them from?

[@TheSwedishInvestor]

The program I use is called VideoScribe 👍

[@yieldoncostinvesting4851]

@@TheSwedishInvestor Thanks :D

[@bhaskarareddy6621]

Highly appreciated content

[@mutahirw]

Love your work and the sound effects at 10:10... lol 😂 just hilarious! Great work as always! ❤️

[@TheSwedishInvestor]

Cheers Mutahir Waheed! Thank you for you support!

[@literallysquidward7170]

Came for the tips subscribbed for the sound effects

[@TheSwedishInvestor]

Haha! Cheers! 🌟

[@sukoshikanatomo]

sound effects freakin me out mahn

[@MrDjsayso]

what program are you using to do this video

[@rafaelranghetti]

Nice videos man! Cheers from Brazil. BTW a city close to my hometown is named Schroeder, like your last name.

[@TheSwedishInvestor]

Thank you Rafa Ranghetti, awesome to hear that you enjoyed it! However, I don't get the Schroeder thing unfortunately, is this a pun? 😀

[@rafaelranghetti]

@@TheSwedishInvestor actually Schroeder is the last name of the author. What I mean: pt.m.wikipedia.org/wiki/Schroeder

[@TheSwedishInvestor]

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

[@ciceroaraujo5183]

Ola amiguinho. Nice to see you

[@manenamanautou2678]

warren buffet is just such a role model

[@investingnotebook4029]

Warren buffet is a beast

[@josephiroth89]

10:08 That blood-curdling scream…

[@stephendegenaro6387]

Great videos man!

[@DividendIncomeBloodhound]

great video the guy is an absolute legend!!

[@rohitbapuraochavan7556]

I need to read this book

[@langa1533]

As usual lovely

[@TheSwedishInvestor]

Thank you! 😍

[@Frosty2]

These sound effects are insane dude

[@Thesleepytoast]

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"

[@TheSwedishInvestor]

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.

[@bighands69]

@@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.

[@aymanalrazi6890]

3:31 can anyone explain what is down side and upside? I didn't got it.

[@danielaxnick3244]

Great Video!

[@TheSwedishInvestor]

Thank you Daniel! 👍

[@BeaverOwl]

Nice video!

[@multibaggerswings]

Superb

[@elizaknight6980]

Thanks for the video, It was helpful. But the sex examples and the sound effects were kind of weird.

[@uptoyouThailand]

Have you done a video on the formula to validate a company?

[@TheSwedishInvestor]

Sorry Steven, I don't fully understand your question, could you elaborate?

[@pac111]

@@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?

[@doti9175]

chrzaszcz

[@GanpatiRam]

Thank you

[@MKBlackcollar]

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.

[@nilaygabani4817]

Love it.

[@micheallavelle1580]

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!!

[@Bob-yr1iz]

Great work

[@TheSwedishInvestor]

Thank you! Cheers!

[@ltrman55]

Anyone have any links to some books by this Benjamin Gray Ham?

[@TheSwedishInvestor]

Watch my second part of "Security Analysis". I've had professional help for this issue!

[@gc7304]

nice job

[@prome57]

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

[@mechengineer4life]

Richest man book is great

[@investindia2311]

prome57 kzbin.info/www/bejne/aWnSdKt_dsuGb6M

[@kvamsisrinivas]

Great video

[@TheSwedishInvestor]

Glad you liked it! Thank you.

[@Your.Finance_Motivation8]

How we can get the pdf if this book?

[@kenal9719]

Proxyfl(dot)info PS:Change '(dot)' into .

[@hannahviolet927]

Funny and educational. Thanks!

[@TheSwedishInvestor]

Hannah I’m glad to hear that you liked it! 🙌 cheers!

[@raistrue1]

Thanks man

[@Pr3kashSingh]

Thanks

[@YA-xi9nf]

Great job thanks

[@mkt9166]

Tks!

[@retirementmillions6533]

Great video Thanks ad

[@jayjayskampjes9354]

great video. thanks.

[@thundersheep111]

hello Mr. Swedish investor, do you know a cheap Swedish broker? Or an international one that supports Swedish payment cards?

[@TheSwedishInvestor]

Hey man! Whether a broker is cheap or not depends on what kind of investing/trading activity that you are going to execute there. For instance, Avanza has two index funds (that you can only buy through Avanza) - Avanza Zero and Avanza Global, that are essentially free, so they are cheap from an index investing perspective. And Nordnet is free from trading fees until you've reached about $8,000 in your account 👍

[@thundersheep111]

First of all thank you for your reply and time. Second, let me specify a bit more. It's for my friend who is Swedish. I use some broker that is not available to her. But she's looking for some long term stocks or a cheap fund like some S&P-500 tracker. So not too many transactions but her budget is not that high, so low transactions are still favored. But probably won't make more than 5 transactions a year. @@TheSwedishInvestor

[@TheSwedishInvestor]

@@thundersheep111 Avanza and then picking a low "brokerage grade" (in lack of a better translation) will definitely get the job done if she invests in the Swedish market.

[@thundersheep111]

@@TheSwedishInvestor I think she wants exposure to the US market too but she prefers a Swedish site or at least something that accepts her Swedish payment card. Handelsbanken is kinda worldwide but besides that not many.

[@TheSwedishInvestor]

@@thundersheep111 Yea I definitely think that Avanza is better than Handelsbanken for her. The brokerage fee starts at $1 for individual shares in the US + a 0.25% currency conversion fee from SEK to USD.

[@MichaelTaylor-nm6cx]

All of the Swedish Investor videos are amazing and an excellent use of time. Thank you so much!

[@pfuiteufel1385]

Awesome video!

[@landi2244]

10:10 IS THE REASON I CANT SLEEP NOW.

[@skwo1564]

May i ask why all swedish presentation according to 5 points?

[@adlirikanda]

nice video

[@hassaniabdou-llah46]

positive

[@zacharykeller9725]

10:09 I fucking love this channel 😂

[@vanvictor3403]

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?

[@sebastianmaslow1415]

what are you driving at ? i can hardly put the details together, winxinvest is a Financial planner/Broker

[@wandamarino9239]

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

[@brianhagerman7969]

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

[@dhinuthsilva9312]

Own the book for almost 5 years still didnt read it yet

[@sal_strazzullo]

What is a Chrzaszcz?

[@kai89tracid]

Small beatle in Polish