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2026-02-28 Greg Abel's Letters to Berkshire Shareholders
Refer To：《2026-02-28 Greg Abel's Letters to Berkshire Shareholders》。 To My Fellow Berkshire Shareholders, Warren Buffett is arguably the greatest investor of all time, with generations benefiting from his investment acumen. He has also been a ...
1989-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1989-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1988 was $569 million, or 20.0%. Over the last 24 years (that is, since present management took ...
1991-03-01 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1991-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Last year we made a prediction: “A reduction [in Berkshire’s net worth] is almost certain in at least one of the next three ...
1997-05-05 Warren Buffett.Share of mind
Refer To：《1997-05-05 Berkshire Hathaway Annual Meeting》。 51. “It’s not share of market. It’s share of mind that counts” “决定胜负的不是市场份额，而是心智份额” WARREN BUFFETT: Zone 1 again. WARREN BUFFETT：再次请1号区。 AUDIENCE MEMBER: Mike Assail (PH) from New York City. ...
2026-02-15 Gemini.Forced Errors/Institutional Imperative/Unforced Errors
Institutional Imperative，表面上看应该是Unforced Errors，但事实上这种人的心理状态在1岁以前就有问题，对现实世界没有基本信任，每次遇到问题的第一反应是回避，回避事实的心理动机是不想重返事故现场（1岁以前的痛苦经历），这种回避是强制性的，不然巴菲特也不会想出这个词：Institutional Imperative，当然，巴菲特自己的心理状态不是这样的，但他所指的Unforced Errors，前提是这个人的心态是正常的，有平常心。 ...
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