Habits and Snowballing
By Eight percent per annum  •  December 3, 2010
The Snowball, the much talked about book on Warren Buffett sits on my shelf waiting to be read. It would probably take me some time to get to it, as my reading list is so damn long, with at least 10 books on it. Not to mention the other big book that also lies in waiting: Poor Charlie's Almanac.

The concept of the title was made known by its author, again both simple and insightful and really apt to describe Warren Buffett. Perhaps you might already have heard of it. Anyways, here is my interpretation of it.

Basically, the idea is that something which starts small can grow very big given enough time, consistency and momentum, just like a snowball. When you first push a small snow ball, it rolls and gathers a bit of snow with every turn but stays small. It takes a while for the consistency to ...
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By Eight percent per annum
8% Value Investhink is a value investing / critical thinking knowledge platform with the goal to share knowledge, help understand investing and finance, and help develop critical thinking skills. One important objective would be to help others understand the concept of value and avoid overpaying, especially for property.
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