Warren Buffett's childhood experiences significantly shaped his approach to business. Growing up during the Great Depression, he witnessed the importance of financial stability. His father's profession as a stockbroker likely influenced his interest in the stock market and investing. His mother's verbal abuse may have instilled in him a strong desire for approval and success. His need to feel loved and to avoid criticism may have driven him to work hard and succeed in business. His marriage to Susie, who provided him with the love and support he lacked in his childhood, may have further motivated him to succeed. However, his dedication to his work often came at the expense of his family life.
This question was asked on the following book summary:
When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impossible for multi-billionaire investor Warren Buffet...
Go to dashboard to download stunning resources
Download
Text this question was asked on:
Born in 1930, Buffet grew up during the Great Depression with a stockbroker father and a verbally abusive mother. Idolizing one parent, and loathing another shaped Buffet's life. His mother Leila would often tongue-lash both Warren and his older sister until they were sobbing. As a result, Buffett grew up with undying need to feel loved, and to be with women who would never criticize him. When he married Susie, he finally found what was missing in his life, but Susie and their three children came second to his work.Unbeknownst to him, she secretly hoping that once he made enough money, he would spend more time at home. Fifty-two years later, Susie never got her wish, and moved out. In hindsight, his vanity plate THRIFTY, should have given her a clue.
Ask another question
What principles made Steve Jobs one of the greatest inventors and product visionaries of the 21st century? Biographer Walter Isaacson raises the curtain on this secret. Isaacson’s book is a comprehensive study of a man who changed history. It dives into the life of Jobs to help us understand how a blend of technology and liberal arts can be the master key to transformative value.
Elon Musk's ascension has been described by experts as the fastest bout of wealth creation in history. So how did he do it? In this book, the inventor and entrepreneur opens up about the rocky road he traveled and the inner chamber of his life and work. Plus, hear from firsthand experiences of those who came to love Musk – or hate him – during the two decades he created companies.
Have you ever wondered how Amazon managed to grow from the first online bookstore to a global technology leader in just 20 years? Jeff Bezos' humble internet startup has become a well-known case study as a company that built an agile, efficient and productive business. In this book, risk and growth expert, Steve Anderson, identifies specific Cycles of Growth and 14 “Growth Principles” based on patterns he observed within shareholder letters written by Jeff Bezos between 1997 and 2018.
Chairman and CEO of the Walt Disney Company, Robert Iger, tells his story and lays out the principles that successfully guided the legendary brand through seismic shifts. Read this summary to find out ways to embrace change, operate with integrity, and succeed through pragmatic risk-taking.