1963-07-10 Warren Buffett's Letters to Limited Partners-Additional Notes

1963-07-10 Warren Buffett's Letters to Limited Partners-Additional Notes

《1963-07-10 Warren Buffett's Letters to Limited Partners》有3张巴菲特手算的表格,当年的巴菲特31岁,这个文件已经过去很久,网上有一份最原始的扫描件,参考:《Warren Buffett Letters to Partners 1959 – 1975》


这张表格是Dempster1961的资产负债表,Dempster是一家风力驱动的农机公司,当年的汽油发动机、电动机就像今天的AI,巴菲特买了别人都不好看、注定被淘汰的、风力驱动的农机公司,花了140多万,3年时间至少赚了1倍多。

巴菲特在这封信中展示了他是如何用手指头算账的,用手算的方式画资产负债表,我在网上找了几个版本,所有版本都不如巴菲特的原始文件。

一、国外整理的版本

这应该是第一个整理的文档,国内翻译的都以这个版本为基础,参考《buffett-partnership-letters》


二、RanRan的版本

《芒格之道》的作者,参考:《致合伙人信(1963 年 7 月 10 日)》


三、我整理的版本

表达不清=认知不清,当下弄不清楚=永远弄不清楚,用手指头算账是简单不容易的事,有很多人想学巴菲特,也很认真看他的材料,我的看法是看不懂的怎么看都是不懂的。



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