Recent Articles
1992-02-28 Warren Buffett.H. H. Brown
Refer To：《1992-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 H. H. Brown We made a sizable acquisition in 1991—the H. H. Brown Company—and behind this business is an interesting history. In 1927 a 29-year-old businessman named Ray ...
1992-02-28 Warren Buffett.See’s Candy
Refer To：《1992-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 Twenty Years in a Candy Store 糖果店里的二十年 We’ve just passed a milestone: Twenty years ago, on January 3, 1972, Blue Chip Stamps (then an affiliate of Berkshire and later merged ...
1992-02-28 Warren Buffett.Right Business
Refer To：《1992-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 A Change in Media Economics and Some Valuation Math 媒体经济学的变化，以及一点估值算术 In last year’s report, I stated my opinion that the decline in the profitability of media companies ...
1993-03-01 Warren Buffett.Equity-investing strategy
Refer To：《1993-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 Our equity-investing strategy remains little changed from what it was fifteen years ago, when we said in the 1977 annual report: “We select our marketable equity securities in ...
1994-03-01 Warren Buffett.A beta purist
Refer To：《1994-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 Considering the similarity of this year’s list and the last, you may decide your management is hopelessly comatose. But we continue to think that it is usually foolish to part ...
We are what we repeatedly do.
Take a simple idea and take it seriously.