Today is Buffett’s 93rd birthday (the 30th in US time, it seems like it has already passed). I dug out Buffett’s biography “Snowball” from my bookcase many years ago. This book is worth a serious read for every investment partner.

Sigh: Munger is 99 years old this year. The two of them are a golden pair that have been up and down in the stock market for more than half a century. How enviable. I hope that in my WEB3 investment career, I will also have such a soul partner, and we can work together, help each other, and achieve great things together.

The "snowball" symbolizes the compounding effect of wealth and knowledge over time, just as a snowball gets bigger as it rolls downhill. This book delves into Buffett's early life, emphasizing his fascination with numbers and his entrepreneurial experiences as a child. The book traces his journey from a newsboy to the chairman of Berkshire Hathaway, showcasing his unique investment philosophy and business acumen.

Schroeder paints a detailed portrait of Buffett, not only as a financial genius but also as a human being with strengths, weaknesses, and a unique sense of humor. The biography reveals his personal relationships, including his partnership with Charlie Munger and his marriage to Susan Buffett. The narrative also touches on Buffett's commitment to philanthropy, his decision to donate the majority of his wealth to charity, and his views on wealth and its responsibilities.

The 10 investment suggestions given in the book are simple but full of wisdom:

1. Start early: The power of compound interest is enormous. The earlier you start investing, the longer your money will have to grow.

2. Diversification: Don’t put all your eggs in one basket. Spread your investments across different asset classes (fixed income, equity, real estate, alternative assets).

3. Understand the risks: Every investment carries some risk. Understand your risk tolerance and invest accordingly. 4. Stay informed: Stay updated with market trends and economic news.

5. Avoid emotional decisions: The stock market fluctuates greatly. Do not make decisions based on short-term market trends.

6. Invest regularly: Consider a systematic investment plan where you invest a fixed amount at regular intervals, regardless of market conditions. 7. Review your portfolio: Review and rebalance your portfolio regularly to align with your investment objectives.

8. Seek professional advice: If you are unsure, consult a financial advisor or investment professional.

9. Invest in what you understand: Before investing in any company or industry, make sure you understand how it works.

10. Think long-term: Investing is a marathon, not a sprint. You need to have a long-term vision and patience.