Warren Buffett
1997-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1997-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1996 was $6.2 billion, or 36.1%. Per-share book value, however, grew by less, 31.8%, because the ...
1999-03-01 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1999-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1998 was $25.9 billion, which increased the per-share book value of both our Class A and Class B ...
2000-03-01 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2000-03-01 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1999 was $358 million, which increased the per-share book value of both our Class A and Class B ...
2001-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2001-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2000 was $3.96 billion, which increased the per-share book value of both our Class A and Class B ...
2002-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2002-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Berkshire’s loss in net worth during 2001 was $3.77 billion, which decreased the per-share book value of both our Class A and ...
2003-05-20 Warren Buffett.Dividend Voodoo
Refer To：《2003-05-20 Warren Buffett.Dividend Voodoo》。 The annual Forbes 400 lists prove that -- with occasional blips -- the rich do indeed get richer. Nonetheless, the Senate voted last week to supply major aid to the rich in their pursuit of even ...
2004-07-06 Warren Buffett.Fuzzy Math And Stock Options
Until now the record for mathematical lunacy by a legislative body has been held by the Indiana House of Representatives, which in 1897 decreed by a vote of 67 to 0 that pi—the ratio of the circumference of a circle to its diameter—would no longer be ...
2005-02-28 Warren Buffett.Insurance
Refer To：《2005-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 Insurance 保险业务 Since Berkshire purchased National Indemnity (“NICO”) in 1967, property-casualty insurance has been our core business and the propellant of our growth. Insurance ...
2005-02-28 Warren Buffett.Foreign Currencies
Refer To：《2005-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 Foreign Currencies 外汇 Berkshire owned about $21.4 billion of foreign exchange contracts at yearend, spread among 12 currencies. As I mentioned last year, holdings of this kind ...
2006-02-28 Warren Buffett.How to Minimize Investment Returns
Refer To：《2006-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 How to Minimize Investment Returns 如何把投资回报降到最低 It’s been an easy matter for Berkshire and other owners of American equities to prosper over the years. Between December 31, 1899 ...
2003-02-21 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2003-02-21 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2002 was $6.1 billion, which increased the per-share book value of both our Class A and Class B ...
2004-02-27 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2004-02-27 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2003 was $13.6 billion, which increased the per-share book value of both our Class A and Class B ...
2005-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2005-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2004 was $8.3 billion, which increased the per-share book value of both our Class A and Class B ...
2006-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2006-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2005 was $5.6 billion, which increased the per-share book value of both our Class A and Class B ...
2007-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2007-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2006 was $16.9 billion, which increased the per-share book value of both our Class A and Class B ...
2009-02-27 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2009-02-27 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our decrease in net worth during 2008 was $11.5 billion, which reduced the per-share book value of both our Class A and Class B ...
2010-05-26 Warren Buffett.Interview With FCIC
INTERVIEWER: Thank you. Mr. Buffett we’re with the staff of the Financial Crisis Inquiry Commission. We were formed by Congress in 2009 to investigate the causes of the financial crisis both globally and domestically. And to do a report, due at the ...
1988-02-29 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1988-02-29 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1987 was $464 million, or 19.5%. Over the last 23 years (that is, since present management took ...
2010-02-26 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2010-02-26 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2009 was $21.8 billion, which increased the per-share book value of both our Class A and Class B ...
2011-02-26 Warren Buffett.Life and Debt
Refer To：《2011-02-26 Warren Buffett.Life and Debt》。 Life and Debt 人生和负债 The fundamental principle of auto racing is that to finish first, you must first finish. That dictum is equally applicable to business and guides our every action at Berkshire. ...
2010-07-26 Warren Buffett.To Berkshire Hathaway Managers (“The All-Stars”)
Memo To: Berkshire Hathaway Managers (“The All-Stars”) cc: Berkshire Directors From: Warren E. Buffett Date: July 26, 2010 This is my biennial letter to reemphasize Berkshire’s top priority and to get your help on succession planning (yours, not ...
1939 Ernest Buffett.A letter to his youngest son
Dear Fred & Catherine: Over a period of a good many years I have known a great many people who at some time or another have suffered in various ways simply because they did not have ready cash. I have known people who have had to sacrifice some of ...
1992-02-28 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《1992-02-28 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1991 was $2.1 billion, or 39.6%. Over the last 27 years (that is, since present management took ...
2001-12-10 Mr. Buffett on the stock market
Refer To：《2001-12-10 Mr. Buffett on the stock market》。 (FORTUNE Magazine) – Two years ago, following a July 1999 speech by Warren Buffett, chairman of Berkshire Hathaway, on the stock market--a rare subject for him to discuss publicly--FORTUNE ran ...
2025-11-10 Warren Buffett.Last Letter as CEO
Refer To：《2025-11-10 Warren Buffett.Last Letter as CEO》。 BERKSHIRE HATHAWAY INC. NEWS RELEASE FOR IMMEDIATE RELEASE November 10, 2025 Omaha, NE (BRK.A; BRK.B) – Today, Warren E. Buffett converted 1,800 A shares into 2,700,000 B shares in order to ...
2011-02-26 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2011-02-26 Warren Buffett's Letters to Berkshire Shareholders》。 To the Shareholders of Berkshire Hathaway Inc.: The per-share book value of both our Class A and Class B stock increased by 13% in 2010. Over the last 46 years (that is, since ...
2002-04-09 Warren Buffett.Stock Options and Common Sense
Refer To：《Stock Options and Common Sense》。 In 1994 seven slim accounting experts, all intelligent and experienced, unanimously decided that stock options granted to a company's employees were a corporate expense. Six fat CPAs, with similar ...
2014-04-23 Warren Buffett.On Coke pay plan
Refer To：《CNBC Transcript: Warren Buffett on Coke pay plan》。 BECKY: We are at Smith and Wollensky today. Warren Buffett has just had lunch with the winners of the annual Glide Foundation Auction. This is an auction that went off last year. Warren, ...
1993-04-26 Berkshire Hathaway Annual Meeting
Refer To：《1993-04-26 Berkshire Hathaway Annual Meeting》。 这个股东会的记录只存在《Outstanding Investor Digest, Vol. VIII, Nos. 3 & 4 (June 30, 1993)》，Outstanding Investor Digest已经停刊并且旧刊不好找，目前网上还没有这篇报告的影印件，以下是被人引用的部分片段。 What we refer to as a “moat” is what other ...
2019-05-02 Warren Buffett.Influencers with Andy Serwer
Refer To：《2019-05-02 Warren Buffett.Influencers with Andy Serwer》。 ANDY SERWER: Warren Buffett needs little introduction. He's the godfather of modern-day investing. For nearly 50 years, Buffett has run Berkshire Hathaway, which owns over 60 ...
2018-01-04 Warren Buffett Shares the Secrets to Wealth in America
Refer To：《Warren Buffett Shares the Secrets to Wealth in America》。 I have good news. First, most American children are going to live far better than their parents did. Second, large gains in the living standards of Americans will continue for many ...
1943 Rudyard Kipling.If
对比Rudyard Kipling的原文，巴菲特修改的版本要好很多，参考：《2018-02-24 Warren Buffett's Letters to Berkshire Shareholders》。 “If you can keep your head when all about you are losing theirs . . . “如果在众人惊慌失措之时，你能保持清醒的头脑 . . . If you can wait and not be tired by waiting . . . ...
2007-09-12 Max Olson.See's Candies
Refer To：《Quality Without Compromise》。 William Ramsey, an executive at Blue Chip Stamps, stood in the office of Robert Flaherty as they both awaited a call. Moments earlier, Flaherty attempted to persuade Warren Buffett, majority owner of Blue Chip, ...
1995-05-01 Berkshire Hathaway Annual Meeting
Refer To：《1995-05-01 Berkshire Hathaway Annual Meeting》。 Morning Session 1. Welcome 欢迎辞 WARREN BUFFETT: Morning. I’m Warren Buffett, the chairman of Berkshire Hathaway. And on my left is Charlie Munger, the vice chairman and my partner. And we’ll try ...
2025-05-03 Berkshire Hathaway Annual Meeting
Refer To：《2025-05-03 Berkshire Hathaway Annual Meeting》。 Morning Session Opening Remarks 开场致辞 Warren Buffett: If everyone will please take their seats. This is my 60th annual meeting, and it’s the biggest and I think it’ll be the best yet. Before I ...
1987-10-19 Warren Buffett.What we can learn from Phil Fisher
Refer To：《What we can learn from Phil Fisher 》。 On turning 80 last month the eminent San Francisco investment counselor Philip Fisher was in a valedictory mood. Rarely interviewed, he sat for a long chat with FORBES. He is one of the seminal figures ...
2012-02-25 Warren Buffett's Letters to Berkshire Shareholders
To the Shareholders of Berkshire Hathaway Inc.: The per-share book value of both our Class A and Class B stock increased by 4.6% in 2011. Over the last 47 years (that is, since present management took over), book value has grown from $19 to $99,860, ...
1994-10-10 Warren Buffett.University of Nebraska-Lincoln
WARREN E. BUFFET 沃伦·E·巴菲特 Warren E. Buffett is Chairman of the Board and Chief Executive Officer of Berkshire Hathaway Inc., a company controlled by Buffett Partnerships, Ltd. from 1965. Berkshire Hathaway Inc.’s business activities include ...
2008-02 Warren Buffett's Letters to Berkshire Shareholders
To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 2007 was $12.3 billion, which increased the per-share book value of both our Class A and Class B stock by 11%. Over the last 43 years (that is, since present management took ...
1993-03-01 Warren Buffett.Acquisition Criteria
BERKSHIRE HATHAWAY INC. Acquisition Criteria 收购标准 We are eager to hear about businesses that meet all of the following criteria: 我们渴望了解符合以下所有标准的企业： 1.Large purchases (at least $10 million of after-tax earnings), 规模较大的收购（税后利润至少 1,000 万美元）， ...
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