Recent Articles
1985-02-25 Warren Buffett.Dividend Policy
Refer To：《1985-02-25 Warren Buffett's Letters to Berkshire Shareholders》。 Dividend Policy 股息政策 Dividend policy is often reported to shareholders, but seldom explained. A company will say something like, "Our goal is to pay out 40% to 50% of earnings ...
1985-02-25 Warren Buffett.Errors in Loss Reserving
Refer To：《1985-02-25 Warren Buffett's Letters to Berkshire Shareholders》。 Errors in Loss Reserving 损失准备金计提的误差 Any shareholder in a company with important interests in the property/casualty insurance business should have some understanding of the ...
1985-02-25 Warren Buffett.Buffalo Evening News
Refer To：《1985-02-25 Warren Buffett's Letters to Berkshire Shareholders》。 Buffalo Evening News Profits at the News in 1984 were considerably greater than we expected. As at See's, excellent progress was made in controlling costs. Excluding hours ...
1986-03-04 Warren Buffett.Three Very Good Businesses (and a Few Thoughts About Incentive Compensation)
Refer To：《1986-03-04 Warren Buffett's Letters to Berkshire Shareholders》。 Three Very Good Businesses (and a Few Thoughts About Incentive Compensation) 三门极好的生意（以及关于激励薪酬的若干思考） When I was 12, I lived with my grandfather for about four months. A grocer ...
1986-03-04 Warren Buffett.Shutdown of Textile Business
Refer To：《1986-03-04 Warren Buffett's Letters to Berkshire Shareholders》。 Shutdown of Textile Business 关闭纺织业务 In July we decided to close our textile operation, and by yearend this unpleasant job was largely completed. The history of this business is ...
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