The SnowBall Warren Buffett Business of Life

A new biography The Snowball: Warren Buffett and the Business of Life has been published , a million copies by Bantam Dell of which Buffet received $7 Million.  The timing of its publication coincides with the greatest financial crisis since the Depression.

The title refers to a Buffett saying “Life is like a snowball. The important thing is finding wet snow and a really long hill.”

Recent financial crisis has been prime hunting season for Buffett, famous for snapping up high-quality investments at bargain prices.

On Sept. 24 Buffett agreed to invest up to $10 billion in Goldman Sachs (GS: 128.52, +7.82 ) .

On Sept. 18, Buffett’s Mid American Energy Co. bought Constellation Energy Group for $4.7 billion in cash — a discount of 60% from which the shares were trading two days prior.

Last week he acquired a 10% stake in the firm BYD Co , a Chinese producer of rechargeable batteries, electric cars and car parts.

Life is Good for the Oracle of Omaha.

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Filed under Abundance Wealth, American Economy, Big Business, Finance, Investing, Money, Self Help, Uncategorized, Wake Up People, Wall Street DowJones, World Events

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