Chapter
The Start of Warren Buffett's Business Empire
31:49 - 36:47 (04:58)
Warren Buffett's path to wealth and success started with his paper route as a teenager. His frugal mindset and determination to save every dollar eventually led him to purchase a 40-acre farm while still in high school.
Clips
Warren Buffett bought a 40-acre farm for $1,200 in high school and showed no interest in attending college.
31:49 - 33:26 (01:36)
Summary
Warren Buffett bought a 40-acre farm for $1,200 in high school and showed no interest in attending college. He was an avid reader of biographies on business leaders.
ChapterThe Start of Warren Buffett's Business Empire
Episode#100 The Snowball: Warren Buffett and the Business of Life
PodcastFounders
The focus on aptitude for business and investing is more important than emotional maturity.
33:26 - 35:39 (02:13)
Summary
The focus on aptitude for business and investing is more important than emotional maturity. The educational history of the student plays an important role.
ChapterThe Start of Warren Buffett's Business Empire
Episode#100 The Snowball: Warren Buffett and the Business of Life
PodcastFounders
Warren Buffett looked at every dollar as $10 some day and understood the power of compounding.
35:39 - 36:47 (01:08)
Summary
Warren Buffett looked at every dollar as $10 some day and understood the power of compounding. He believed that getting rich and staying rich are two different skills and his meeting with another student interested in Ben Graham's teachings and his investment in Geico's tiny insurance company are some examples of the ideas he would repeatedly use in his career.