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。
热门主题
Recent Articles
2012-02-27 Warren Buffett.Squawk Box
Refer To：《 2012-02-27 Warren Buffett.Squawk Box》。 Warren Buffett appeared live on CNBC’s Squawk Box this morning, February 27, 2012, for his annual “Ask Warren” three-hour marathon. 2012年2月27日今天早上，Warren Buffett 现身 CNBC 的《Squawk ...1965-11-09 Warren Buffett's Letters to Berkshire Shareholders
To the Stockholders of Berkshire Hathaway Inc.: The fiscal year ended October 2, 1965 resulted in net earnings of $2,279,206 as compared to net earnings of $125,586 for the prior year. These net earnings do not reflect any nonrecurring losses ...1966-12-02 Warren Buffett's Letters to Berkshire Shareholders
To the Stockholders of Berkshire Hathaway Inc.: For your information, we have highlighted the financial information for fiscal 1966 in comparison with the five preceding years on the facing page. In this letter we will discuss in some detail the ...1968-03-08 Warren Buffett's Letters to Berkshire Shareholders
To the Stockholders of Berkshire Hathaway Inc.: The Company has adopted a calendar year for accounting purposes. This new calendar year end substitutes for the previous September 30 year end. The change was effective December 30, 1967. This report ...1969-03-12 Warren Buffett's Letters to Berkshire Shareholders
To the Stockholders of Berkshire Hathaway Inc.: Earnings in both textile and insurance operations improved somewhat during 1968. Total operating earnings in relation to stockholders investment still are not satisfactory, but we are expending every ...