Snowball Investment Hui, Hiking Jun/Wen
This article is "Snowball: Buffett and His Wealth Life" reading notes, in order to better learn the investment ideas of the stock god, the hiker will continue to share their own reading notes. Interested students can read the original book.
In the spring of the following attack on Pearl Harbor, Warren's father, Howard, was tasked by the Nebraska Republican Party to find a candidate to run for Congress.
However, the democratic party's opponent advantage is too strong, did not find, and finally can only fill in their own name, after a deep bottom of the vote, just when everyone thought there was no hope, just exploded a cold door, was elected.
Hiker Jun comments: Life can not give up trying, bold to try, sometimes the impossible will become possible, we will always take some difficulties to scare ourselves
Buffett followed his family to Washington, D.C., but he wasn't used to that place, and as a result of the struggle with his family, he returned to Rose Hill for a while.
Although Warren gets along well with middle-aged women, he is shy and nervous about meeting girls his age. He fell in love with Dorothy Hume, a female classmate in his class, who wanted to invite people to the movies, and the girl's father's response to the door made him flinch, but he changed his mind and let the girl's parents become his magazine subscribers.
They ended up dating, but it was a bit bad. They were afraid of going alone on the road, so they formed a group together, after countless interceptions, but they were embarrassed all the way silent, the boys stared at their shoes with red faces, the girls chattered together, and when they got to the movie theater, the girls sat together in a bunch, and the boys could only stare at the back of their heads, and the ones that were originally used for closeness - "The Mummy's Tomb" and "Cat Man" did not come in handy. The return journey was also dull, and the boys barely said a word all afternoon.
This incident hit the boys a little hard, and later Warren fell in love with another blonde, but unfortunately the girl completely ignored him, and the despair of his feelings made him turn his attention to making money.
Hiker Jun comments: If he became a master of the love field at that time, there would be no Buffett in the world!
At my grandfather's shop, my grandfather asked him to do a lot of trivial chores, "sometimes I worked at the bottom, sometimes he asked me to sit with him at the mezzanine table and calculate the wartime quota tickets — sugar tickets, coffee tickets." Other times, I hid where he couldn't see me. ”
Buffett recalled that the worst job was when his grandfather paid him and his friend John Baska to shovel snow. In the event of a large snowstorm, the ground was 1 foot thick and very hard snow. We had to shovel an entire layer of snow in several places – the pavement where customers parked, the back alleys of the store, the unloading points and the garage where the 6 trucks were stored.
After 5 hours of drying, I couldn't even straighten my fingers. When he was done, he went to his grandfather, who said, "Well, how much should I pay you, boys?" 1 corner is too little, 1 yuan is too much! He and his friend looked at each other. Their highest salary ended up at 20 cents/hour. This is still the price that they have to share equally. Warren learned a valuable lesson: you have to figure out the contents of the transaction beforehand.
Only when he went to school, and every Saturday when his grandfather let him work in a delivery truck for a few hours, could he escape the supervision of authority. Unloading from the truck was exhausting, and Warren began to understand how much he hated manual labor. Working at his grandfather's grocery store, he felt like a slave, and he made up his mind that he would never do it again in his life.
He also helped dry goods for his father's feed factory, carrying 50-pound animal feed bags from the car to the warehouse. It's about 3 hours, then, walk to the station and take the train home. Buffett hates manual labor, "manual work is stupid work."
Warren attends Alice Deere Junior High School, where many children of diplomats are in the class. Warren is thin and shy, and he's still a "kid" in the middle of a bunch of guys, and he's more nervous with girls. He began to slowly fall behind in this middle school, becoming a "troublemaker" in the class, and the most confrontational with the teacher.
Outside of class, he continued to deliver newspapers near his home in Washington. He worked hard to sell newspapers, and found the most efficient route to deliver newspapers, turning the boring repetitive work of delivering hundreds of newspapers a day into a race between himself and himself. A number of side hustles were also developed, selling desk calendars, buying and selling old newspapers, and selling magazines.
Thus, at the end of 1944, at the age of 14, he had completed the first step proposed in "1,000 Tricks to Earn $1,000," in which he had stored about $1,000.
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