Warren Buffett

A study of Warren Buffett, from his first stock at eleven to Berkshire Hathaway: the textile mill he bought by mistake, GEICO, Coca-Cola, Apple and sixty years of shareholder letters. A 3D snowball rolls down a hill and grows year by year with Berkshire's real returns.

It exists because compounding is easy to state and almost impossible to feel. Watching the snowball barely move for decades, then explode, makes the point no chart does.

What to take from it: the edge is mostly time and temperament. Buy wonderful businesses at fair prices, stay inside what you understand, and don't interrupt the snowball.