Ideas
I.H.21.Warren Buffett.Easier to find bargains among stocks than IPOs
1、《2004-05-01 Berkshire Hathaway Annual Meeting》 53. Easier to find bargains among stocks than IPOs 在股票中比在首次公开募股中更容易找到便宜货 WARREN BUFFETT: Number 7. 沃伦·巴菲特：第七位。 AUDIENCE MEMBER: Good day. My name is Martin Krawitz. I’m a shareholder from Sydney, ...
I.H.20.Warren Buffett.Pharma
医药行业一方面救死扶伤，另一面有大量道德沦丧的行为，以前有脑白金、龟鳖丸，现在这样的神药只多不少。 1、《1999-05-03 Berkshire Hathaway Annual Meeting》 29. “We blew it” on pharmaceutical stocks “在制药股上我们失误了” WARREN BUFFETT: Zone 7. 沃伦·巴菲特： 7号区域。 AUDIENCE MEMBER: Hi, my name is McCall Bang (PH). I’m from ...
I.H.19.Warren Buffett.Financial companies
1、《2001-04-28 Berkshire Hathaway Annual Meeting》 46. Why Berkshire sold its Freddie Mac and Fannie Mae stakes 为什么伯克希尔出售了房地美和房利美的股份 WARREN BUFFETT: Zone 3, please. 沃伦·巴菲特：请三号提问区。 AUDIENCE MEMBER: My name is Steve Sondheimer. I live in Chicago and I’m ...
I.H.17.Warren Buffett.Trade Deficit
1、《2001-04-28 Berkshire Hathaway Annual Meeting》 44. Long-term trade deficit is “a significant minus for the country” 长期贸易逆差“对国家来说是一个重大负面因素” WARREN BUFFETT: And the second question about the trade deficit, that’s a very interesting thing. ...
I.H.16.Warren Buffett.Coca-Cola, beer, coffee
1、《2005-04-30 Berkshire Hathaway Annual Meeting》 9. Buffett on beer industry and its history 巴菲特谈啤酒行业及其历史 WARREN BUFFETT: Go to microphone 2, please. 沃伦·巴菲特：请到麦克风 2。 AUDIENCE MEMBER: Good morning, Warren and Charlie. My name is Walter Chang and I’m ...
I.H.15.Warren Buffett.Insurance and Gambling
1、《2006-05-06 Berkshire Hathaway Annual Meeting》 53. Key distinction between insurance and gambling 保险与赌博的关键区别 WARREN BUFFETT: Number 6. 沃伦·巴菲特：第六位。 AUDIENCE MEMBER: Hi. It’s Peter Webb here from London, UK. 观众成员：你好。我是来自英国伦敦的彼得·韦布。 Your views on ...
I.H.14.Warren Buffett.Competition
1、《2006-05-06 Berkshire Hathaway Annual Meeting》 36. “Media businesses do not have a great outlook” “媒体行业的前景不太乐观” WARREN BUFFETT: Number 1. 沃伦·巴菲特：第一名。 AUDIENCE MEMBER: OK. First, my name is Egil Dahl. I’m a retailer from Norway. I would like first ...
I.H.69.Warren Buffett.How to read annual reports
1、《1997-05-05 Berkshire Hathaway Annual Meeting》 74. “Advantage of accumulation of useful information” “积累有用信息的优势” WARREN BUFFETT: What was the first question? Oh, the part about organizing — 沃伦·巴菲特： 第一个问题是什么？哦，关于组织信息的部分—— AUDIENCE MEMBER: Oh, I’m ...
I.H.71.Warren Buffett.A lot of cash and the guts
有钱有胆量。 1、《2007-05-05 Berkshire Hathaway Annual Meeting》 24. Easy decision: stocks over bonds 简单的决定：股票优于债券 WARREN BUFFETT: Number 6. 沃伦·巴菲特：第六位。 AUDIENCE MEMBER: Good morning, Warren and Charlie. My name is Frank Martin from Elkhart, Indiana. I’m a ...
I.H.13.Warren Buffett.Private Equity
巴菲特的结论是与提出不公平安排的人合作是一个错误。 1、《1964-07-08 Warren Buffett's Letters to Limited Partners》 These figures continue to show that the most highly paid and respected investment management has difficulty matching the performance of an unmanaged index of blue ...
I.H.12.Warren Buffett.Kraft
1、《2008-05-03 Berkshire Hathaway Annual Meeting》 42. It’s hard to challenge a well-established, popular brand 很难挑战一个知名的、受欢迎的品牌 WARREN BUFFETT: Number 12? 沃伦·巴菲特：第十二号？ AUDIENCE MEMBER: Hello. My name is Harold Yulean (PH). I’m from Chicago, Illinois. ...
I.H.11.Warren Buffett.Cyclical Businesses
1、《2011-04-30 Berkshire Hathaway Annual Meeting》 But those are good businesses. And as I mentioned in the annual report, we bought the largest brick operation in Alabama. And I think Alabama uses more brick per capita than any state in the union, but ...
I.H.10.Steve Jobs.App Store
Apple recently marked the 10th anniversary of the App Store—its online vehicle for distributing iPhone and iPad applications—with a retrospective on its website, noting that developers have earned more than $100 billion through the store over its ...
I.H.74.Warren Buffett.Think about worst cases
1、《2012-05-05 Berkshire Hathaway Annual Meeting》 55. No magic formula for calculating risk 计算风险没有魔法公式 WARREN BUFFETT: Becky? 沃伦·巴菲特：贝基？ BECKY QUICK: This question comes from Scott Bondurant who is from Chicago, Illinois, and he’s a shareholder. ...
I.H.9.Steve Jobs.CRM
1、《1994-06-16 Steve Jobs.The Rolling Stone Interview》 Is that the period you’re emerging from now? 你现在正从那个时期走出来吗？ I hope so. I’ve been there before, and I’ve recently been there again. 我希望如此。我以前去过那里，最近又去了一次。 As you know, most of what I’ve done in my ...
I.H.8.George Mecherle.State Farm
1、《The Founder from Merna》 一、Warren Buffett And yet in his 2000 letter to shareholders, he lamented that it was lagging behind a juggernaut of American capitalism: State Farm, now a $131bn company. In Buffett’s words: 然而，在他 2000 ...
I.H.77.Warren Buffett.Circle Of Competence
心理层面的能力圈是生理性的，超过99.99%的人没有这个功能。 1、《2002-05-04 Berkshire Hathaway Annual Meeting》 48. How to stay in your “circle of competence” 如何保持在自己的“能力圈”内 WARREN BUFFETT: What was the first question again that — 沃伦·巴菲特：第一个问题是什么来着—— AUDIENCE MEMBER: It was how a ...
I.H.6.Warren Buffett.Real Estate Agent
1、《1992 Steve Jobs.MIT Distinguished Speaker Series》 A software-only company could never afford to field a direct sales force. With average selling prices of $500 a software package, you could never afford 130 professionals in the field. With an ...
I.H.5.Warren Buffett.Mr. Market
1、《1999-05-03 Berkshire Hathaway Annual Meeting》 42. Japan’s economic slump doesn’t affect Berkshire 日本的经济低迷不会影响伯克希尔 WARREN BUFFETT: Zone 5. (Laughter) 沃伦·巴菲特： 第五区域。（笑声） AUDIENCE MEMBER: Good morning. My name is Bob Brewer (PH). And I’m from down the ...
I.H.4.Eric Schmidt.TikTok as Television
关闭大脑的注意力市场是个充满竞争力的零和市场，没有人能获得长期的竞争优势。 一、Eric Schmidt 1、《2024-08-14 Eric Schmidt.The Age of AI》 Eric：And my conclusion is the CEOs in general are maximizing revenue. Eric：我的结论是，总的来说，CEO们都在努力最大化收入。 To maximize revenue, you maximize engagement. ...
I.H.3.Warren Buffett.FDIC
Refer To：《2020-05-02 Berkshire Hathaway Annual Meeting》。 10. FDIC: “A very, very, very good thing” FDIC：“非常非常非常好的事情” WARREN BUFFETT: One of the things, as I look back on that period is — and I don’t think economists, generally, like to give it that ...
I.H.2.Warren Buffett.Consumer Products
1、《1997-05-05 Berkshire Hathaway Annual Meeting》 51. “It’s not share of market. It’s share of mind that counts” “重要的不是市场份额，而是心智份额” WARREN BUFFETT: Zone 1 again. 沃伦·巴菲特： 再次到第一区。 AUDIENCE MEMBER: Mike Assail (PH) from New York City. 听众： ...
I.H.62.Warren Buffett.Cost Of Capital
1、《2014-05-03 Berkshire Hathaway Annual Meeting》 14. Everyone else is wrong on cost of capital 其他人对资本成本的看法都是错误的 WARREN BUFFETT: OK. Gregg Warren of Morningstar. Gregg, welcome. 沃伦·巴菲特：好的。晨星的格雷格·沃伦。格雷格，欢迎。 GREGG WARREN: Thank you. Warren and Charlie, ...
I.H.60.Warren Buffett.Wrong Incentives
错误影响人的行为方式。 1、《2015-05-02 Berkshire Hathaway Annual Meeting》 31. Lessons on hidden incentives from Teledyne’s Henry Singleton 来自Teledyne的亨利·辛格尔顿的隐性激励课程 WARREN BUFFETT: OK. Station 7. 沃伦·巴菲特：好的。第七站。 AUDIENCE MEMBER: Hi. My name is Dan Hutner from ...
I.H.86.Warren Buffett.Pattern Recognition
投资决策中90%的定性分析（约等于模式识别：pattern recognition），没有模式的思考和学习都是自我毁灭。 1、《1997-05-05 Berkshire Hathaway Annual Meeting》 32. Just takes 5 minutes to know if we’re interested in a company 只需 5 分钟即可知道我们是否对一家公司感兴趣 WARREN BUFFETT: The five minute test is a — you ...
I.H.80.Steve Jobs.Management By Values
1、Steve Jobs 《2003-05-29 Steve Jobs.You never know what’s around the next corner.》 There’s a lot of management techniques. I’m sure you study a lot of management techniques. When I was younger, it was management by objective. It’s all a crock. ...
I.H.82.Warren Buffett.Quality Decision
1、《1962-01-24 Warren Buffett's Letters to Limited Partners》 The Question of Conservatism 关于保守 The above description of our various areas of operation may provide some clues as to how conservatively our portfolio is invested. Many people some years ...
I.H.59.Warren Buffett.Floats
Refer To：《Flirting with Floats》。 Posted on July 9, 2012 by fundooprofessor There is a company which has the world’s strangest bond outstanding. Strange, because this bond has no maturity date. Stranger, because the bond issuer pays no interest on it. ...
I.H.1.Warren Buffett.Blue Chip Stamps
1、《Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger》 I've accused Father of being negative. He has a buoyant, cheerful upside, but also a negative side. He said, "No, no, I'm not negative. I jump like a little trout ...
I.H.83.Warren Buffett.A Word About Par and Feedback Mechanism
1、《1962-01-24 Warren Buffett's Letters to Limited Partners》 A Word About Par 关于衡量标准 The outstanding item of importance in my selection of partners, as well as in my subsequent relations with them, has been the determination that we use the same ...
I.H.72.段永平.投资问答录（商业逻辑篇）
资料来源：雪球，整理：雪球用户@Zliya。 前言：买股票就是买公司 网友：投资大师的一句话也许就改变了我们小散户的一生，希望段总不吝赐教，感激不尽。 段永平：如果有这么一句话，可能就是“买股票就是买公司”。我曾对老巴讲我从他那里学到的最重要的一句话，然后他说，这正是他从格拉汉姆哪儿学到的最重要的一句话。（2010-05-23） 段永平：对投资而言，很重要的一点是你能把上市公司看成非上市公司，然后理性地去想应该怎么做。（2012-11-11） ...
I.H.73.段永平.投资问答录（投资逻辑篇）
第一章 投资理念 段永平：我理解的投资归纳起来就是：买股票就是买公司，买公司就是买公司的未来现金流折现，句号！ 第 1 节 投资的信仰 这里说的信仰不是形而上的东西。 我理解的投资归纳起来就是：买股票就是买公司，买公司就是买公司的未来现金流折现，句号！ 这就是我说的所谓的信仰的意思，或者说我是从骨子里相信，不会因为任何影响而动摇。 很多人一讲到投资就会马上冒出很多大家都似懂非懂的术语，大概原因就是因为没有这个信仰。 其实投资就是价值投资的意思，不然投资投的是啥？公司价值是什么？ ...
I.H.67.张一鸣.对企业的理解
2010-5-20 14:28 来自 微博 weibo.com 京东商城“不上楼”的做法其实在很多行业都用过，比如不设导购，不收桌子，不负责安装，这种做减法非常正确和自信。学习。 2010-6-15 22:16 来自 微博 weibo.com 传统房产界房产媒体的人进入互联网时在选择域名上大都被搜房带到歪路上了 --中西结合，xxfun。 另外在产品上也是大胆想象、不看数据、不管用户。 见了这么多房产网站还是团队是非房产背景的做的比较好。 2010-7-8 14:22 来自 微博 ...