Warren Buffett 'virtually memorized' this business book when he was 7. (via CNBCMakeIt)
But you won't find much about how a little-known book by Frances C. Minaker helped shape the investor's business acumen at a young age.As a kid in Omaha, Buffett was fascinated by anything having to do with numbers and money.
Moreover, the business world has changed dramatically, and the money-making ideas presented in the book may seem ancient to the modern reader. Written in an immediate, conversational tone, the book is both entertaining and digestible — so much, in fact, that even your kids can read it .The chapter about pennyweight scales captivated Buffett the most, he said in the HBO documentary. He figured that if he had one, he'd use it 50 times a day, which made him certain that others would pay to do the same.
He envisioned himself starting with one machine, pyramiding his take into thousands more. "I [pictured] everybody in the country weighing themselves 10 times a day, and me just sitting there like the John D. Rockefeller of weighing machines," he said.
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