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    • 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 ...
    • 2026-01-30 RanRan.新手村的十年

      Refer To:《2026-01-30 RanRan.新手村的十年》。 发这个帖,还是想弱弱地证明一下自己。我以前翻了很多关于投资的东西,最怕的是变成嘴炮。我想做投资,不想当翻译。 对现实世界有基本的信任,面对问题时第一反应是解决问题而不是逃避。 新手村的十年过去了。让业绩说话吧。 这份业绩,我最多给70分。 2016、2017,那是小盘股的春天:明辉、龙记、兴达、胜狮、天工……但赚得最多的是安瑞科。这两年的收益率太高,显然不正常。 ...
    • 1994-03-01 Warren Buffett.Dexter Shoe

      Refer To:《1994-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 Dexter Shoe What we did last year was build on our 1991 purchase of H. H. Brown, a superbly-run manufacturer of work shoes, boots and other footwear. Brown has been a real ...
    • 2008-10-31 Bitcoin: A Peer-to-Peer Electronic Cash System

      Refer To:《Bitcoin: A Peer-to-Peer Electronic Cash System》。 Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital ...