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New Buffett Biography "Reveals Flaws, Recounts Triumphs" Reports AP In Sneak Peek
Executive Producer
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But tonight the Associated Press is out with some tidbits from The Snowball: Warren Buffett and the Business of Life by Alice Schroeder.
Josh Funk writes that the AP got an audio version of the book today (Friday).
His take: "More than most previous books about Buffett, Schroeder examines the billionaire's flaws as well as his successes" as it tells the "tale of how the brilliant but needy Buffett built a fortune by investing in undervalued companies."
LAST-SECOND SPIKE SENDS BUFFETT'S BERKSHIRE BACK TO ALL-TIME HIGH TERRITORY
One example, says Funk, is that "when Buffett was a newlywed in his early 20s, he relied on his wife Susan to help cut his hair, stock the pantry and help him deal with other people."
He cites this passage from Schroeder's book: "In every area of life except business, Susie was discovering her husband was riddled with self-doubt. He had never felt love, and she saw, he did not feel lovable."
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Elaine Thompson / AP Astrid Menks and Warren Buffett at the 2006 Allen & Co. media conference in Sun Valley, Idaho. |
Funk reports that in the book's introduction, Schroeder quotes Buffett encouraging her not to go easy on him. "Whenever my version is different than somebody else's ... use the less flattering version."
The books publisher tells the AP that Buffett reviewed the book but didn't make any changes.
The Snowball is expected to be one of the biggest business books of the fall. Right now, it is ranked number 69 in books overall on Amazon.com, and number one for business/investing biographies and histories. Schroeder reportedly got a $7 million deal to write the book, spoke with Buffett for "thousands" of hours, and has been working on the project since at least 2005, says the AP.
CNBC.com's Bullish on Books blog has reported that The Snowball is one of 6 finalists for this year's Financial Times/Goldman Sachs Business Book of the Year award.
Current Berkshire stock prices:
Class A: [US;BRK.A
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Class B: [US;BRK.B
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