Recent Articles
1987-02-27 Warren Buffett.The Buffalo News
Refer To：《1987-02-27 Warren Buffett's Letters to Berkshire Shareholders》。 o Operating results at The Buffalo News continue to reflect a truly superb managerial job by Stan Lipsey. For the third year in a row, man-hours worked fell significantly and ...
1988-02-29 Warren Buffett.Escape the industry’s commodity economics in insurance
Refer To：《1988-02-29 Warren Buffett's Letters to Berkshire Shareholders》。 The math of the insurance business, encapsulated by the table, is not very complicated. In years when the industry’s annual gain in revenues (premiums) pokes along at 4% or 5%, ...
1988-02-29 Warren Buffett.Controlled Company and Allocate Capital
Refer To：《1988-02-29 Warren Buffett's Letters to Berkshire Shareholders》。 In making both control purchases and stock purchases, we try to buy not only good businesses, but ones run by high-grade, talented and likeable managers. If we make a mistake ...
1996-03-01 Warren Buffett.Convertible Preferred Stocks
Refer To：《1996-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 Convertible Preferred Stocks 可转换优先股 As many of you will remember, Berkshire made five private purchases of convertible preferred stocks during the 1987-91 period and the time ...
1989-02-28 Warren Buffett.Arbitrage
Refer To：《1989-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 Arbitrage 套利 In past reports we have told you that our insurance subsidiaries sometimes engage in arbitrage as an alternative to holding short-term cash equivalents. We prefer, ...
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