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The Economic Times
The Economic Times
Debaroti Adhikary

How a 9-year-old Warren Buffett learnt a lesson on compounding by rolling snowballs on the lawn of his Nebraska home

Legendary investor Warren Buffett once was rolling snowballs on the lawn of his Nebraska home at the age of nine, and learnt a lesson about not only compounding money but also achieving success in life.

The market veteran is known for his investing wisdom that will empower generations to come. When he was nine-years old, he rolled snowballs across his lawn, and saw it grow bigger and bigger, picking up more wet snow. “You have got to be the kind of person that the snow wants to attach itself to,” he told Alice Schroeder for the book The Snowball: Warren Buffett and the Business of Life, explaining how he used snowball as a metaphor for life.

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