Warren Buffett
2024-05-04 Berkshire Hathaway Annual Meeting
Warren Buffett: I’m Warren Buffett and that’s me with Charlie in an unscripted and spontaneous photo taken in Savannah, Georgia early in 1982. Our wives could tell us apart, as long as we wore name tags. When Charlie and I first met in 1959, if was ...
1999-05-06 伯克希尔股东大会笔记
作者：Yi-Hsin Chang 1999 年 5 月 6 日 关于美国股市… 巴菲特：“我们不知道股市什么时候涨，是明天、下个星期、下个月、还是明年。”他说他和芒格看的是单个公司，不是整个股市。他们还说，按市场现在的估值，他们很难找到自己能看懂，而且价格又便宜的公司。 关于互联网对零售业的影响… 巴菲特说互联网会对零售业产生巨大影响。他说他们现在收购一家公司时，总会考虑这家公司是否将受到电商的威胁。巴菲特认为，家具零售不会受到电商威胁（如内布拉斯加家具城，Nebraska Furniture ...
1998-10-15 Talk to MBA Students at Florida University
Refer To：《Buffett Lecture at the University of Florida School of Business October 15, 1998》；《Warren Buffett | Lecture | University Of Florida | 1998》-Youtube。 This speech was the first in a series sponsored by the Graham-Buffett Teaching Endowment, ...
2024-02-24 BRK PROPERTY/CASUALTY INSURANCE
Refer To：《2024-02-24 BRK PROPERTY/CASUALTY INSURANCE》。 Our property/casualty (“P/C”) insurance business has been the engine propelling Berkshire’s growth since 1967, the year we acquired National Indemnity and its sister company, National Fire & ...
2021-02-27 伯克希尔哈撒韦2020年度报告
伯克希尔的业绩表现对比标普500指数 巴菲特致股东信全文 根据美国通用会计原则（GAAP），伯克希尔在2020年赚得净利润425亿美元。其中，经营利润219亿美元，持股中已实现的资本收益为49亿美元，来自持股浮盈的未实现净资本收益为267亿美元，部分子公司及关联公司拖累公司减记110亿美元。所有这些都是税后数据。 ...
1985 Warren Buffett on Adam Smith's Money World
No one documented the feats and foibles of the investment world quite like George Goodman. His pseudonymous work — under the name of “Adam Smith” — perfectly captured the psychological depth (and madness) of markets. Starting with The Money Game in ...
2024-02-24 Warren Buffett's Letters to Berkshire Shareholders
Refer To：《2024-02-24 Warren Buffett's Letters to Berkshire Shareholders》。 Charlie Munger – The Architect of Berkshire Hathaway 查理·芒格——伯克希尔·哈撒韦的建筑师 Charlie Munger died on November 28, just 33 days before his 100th birthday. ...
2009-12-14 In Year of Investing Dangerously, Buffett Looked 'Into the Abyss'
Warren Buffett believes his best deals during the economy's biggest belly flop since the Crash of 1929 may well turn out to be the ones he didn't do. Mr. Buffett slammed the door on one opportunity after another during the most harrowing stretch of ...
2012-05-07 Warren Buffett's live appearance on CNBC's Squawk Box
This is a transcript of Warren Buffett's live appearance on CNBC's Squawk Box on Monday, May 7, 2012. Announcer: This weekend Warren Buffett faced tens of thousands of Berkshire Hathaway shareholders. Today he faces SQUAWK BOX. Plus, in depth ...
2023-11-14 Charlie Munger.最后的访谈，回顾“异类”人生
导读： 12月8日CNBC放出了对查理·芒格最后访谈的完整版，整整103分钟。此前的版本只有40多分钟。 这是芒格生前最后一次采访，原本是CNBC为芒格的100岁生日活动而准备，与巴菲特、芒格交情深厚的记者贝基·奎克（Becky Quick），与芒格谈到他的“遗愿清单”。 芒格在访谈一开始就说，自己的人生肯定是一个不同寻常的案例，一个以律师职业起步的人最终却以“大师”的身份被世人知晓，这很有意思。 ...
1984-05-17 Warren Buffett.The Superinvestors of Graham-and-Doddsville
Refer To：《The Superinvestors of Graham-and-Doddsville》，华尔街见闻的中文版本：《格雷厄姆-多德式的超级投资者》。 “Superinvestor” Warren E. Buffett, who got an A+ from Ben Graham at Columbia in 1951, never stopped making the grade. He made his fortune using the principles of ...
2023-11-14 Charlie Munger.Interview with CNBC’s Becky Quick
Billionaire investor Charlie Munger sat down with CNBC’s Becky Quick on November 14, 2023 in Los Angeles, CA in a special interview to commemorate his soon-to-come 100th birthday. Munger passed away on November 28 at the age of 99. “Charlie Munger: A ...
2023-11-29 Charlie Munger.These ‘basic rules’ made me successful in life
Refer To：《Charlie Munger: These ‘basic rules’ made me successful in life—‘with Warren Buffett, I had all 3’》。 Charlie Munger died on Nov. 28 at age 99. These reflections on his life and career, which he wrote for CNBC Make It, are among his final ...
2018-02-24 BERKSHIRE HATHAWAY INC.-AN OWNER'S MANUAL
*Copyright © 1996 By Warren E. Buffett All Rights Reserved In June 1996, Berkshire’s Chairman, Warren E. Buffett, issued a booklet entitled “An Owner’s Manual*” to Berkshire’s Class A and Class B shareholders. The purpose of the manual was to explain ...
1997-02-28 BERKSHIRE HATHAWAY INC.-AN OWNER'S MANUAL
*Copyright © 1996 By Warren E. Buffett All Rights Reserved INTRODUCTION Augmented by the General Re merger, Berkshire's shareholder count has doubled in the past year to about 250,000. Charlie Munger, Berkshire's Vice Chairman and my partner, and I ...
1958-02 Warren Buffett's Letters to Limited Partners
原文信息： 标题：1957 Annual Letter to Partners 作者：Warren Buffett 发表时间：1958-02 链接：Buffett Partnership Letters 1957-1970 中文翻译参考：RanRan 整理：Ponge 1957 Letter WARREN E. BUFFETT 5202 Underwood Ave. Omaha, Nebraska SECOND ANNUAL LETTER TO LIMITED PARTNERS The ...
1965-01-18 Warren Buffett's Letters to Limited Partners
原文信息： 标题：1964 Annual Letter to Partners 作者：Warren Buffett 发表时间：1965-01-18 链接：Buffett Partnership Letters 1957-1970 中文翻译参考：RanRan 整理：孙萧萧 BUFFETT PARTNERSHIP, LTD. 810 KIEWIT PLAZA OMAHA 31, NEBRASKA January 18, 1965 Our Performance in 1964 1964年业绩 ...
1965-11-09 Warren Buffett's Letters to Berkshire Shareholders
原文信息： 标题：1965 Letter to Berkshire Shareholders 作者：Malcolm Chace & Kenneth Chace 发表时间：1965-11-09 链接：1965-Berkshire-AR 中文翻译参考：芒格书院共读群友 整理：Terrellchen November 9, 1965 1965 年 11 月 9 日 To the Stockholders of Berkshire Hathaway Inc.: 致伯克希尔·哈撒韦公司全体股东： The ...
2019-11-03 Warren Buffett: This is the ‘most surprising’ lesson I didn’t learn in business school
参考自：《Warren Buffett: This is the ‘most surprising’ lesson I didn’t learn in business school》，这篇文章有自己的解读也参考巴菲特的理解。 Great leaders think differently. But take a cursory glance at the majority of consumer products around you, and you’ll see an ...
1998-07-20 Buffett and Gates-Talk to Students at University of Washington
Refer To：《The Bill & Warren Show》-已经被删除；《The Bill & Warren Show》-removepaywall的版本；《Warren Buffett | Bill Gates | Lecture | University Of Washington | 1998》-Youtube的版本。 By Brent Schlender; Warren Buffett; Bill Gates July 20, 1998 (FORTUNE Magazine) – ...
1988-04-11 The Inside Story of Warren Buffett (Fortune, 1988)
Warren Buffett, chairman of Berkshire Hathaway (BRK-A), calls the conglomerate his “canvas,” and shortly, when its annual report comes out, the world will learn precisely what kind of picture this legendary investor painted in the tumultuous year of ...
2009-03-26 Warren Buffett on Wells Fargo
'Banking is a very good business unless you do dumb things,' says Wells Fargo's largest shareholder. “银行业是一个非常好的行业，除非你做愚蠢的事情，”富国银行的最大股东说。 SAN FRANCISCO (Fortune) -- As the largest shareholder of Wells Fargo through Berkshire Hathaway (BRKB), Warren ...
2023-10-29 Charlie Munger.Acquired Interviews with David Rosenthal and Ben Gilbert
原文信息： 标题：Acquired Interviews - Charlie Munger 作者：Acquired 发表时间：2023-10-29 链接：Acquired FM 翻译：Ponge 修订：Eason、何 We sit down with the legendary Charlie Munger in the only dedicated longform podcast interview that he has done in his 99 years on Earth. ...
2023-05-03 WARREN BUFFETT GUIDE TO INVESTING-FROM CNBC
Warren Buffett is showing no signs of slowing down in his early nineties amid an increasingly difficult investing environment. Despite the turmoil, the “Oracle of Omaha” has been as active as ever. Buffett’s buying spree of energy giant Occidental ...
1990-03-02 Warren Buffett's Letters to Berkshire Shareholders
To the Shareholders of Berkshire Hathaway Inc.: Our gain in net worth during 1989 was $1.515 billion, or 44.4%. Over the last 25 years (that is, since present management took over) our per-share book value has grown from $19.46 to $4,296.01, or at a ...
1977-05 HOW INFLATION SWINDLES THE EQUITY INVESTOR
It is no longer a secret that stocks, like bonds, do poorly in an inflationary environment. We have been in such an environment for most of the past decade, and it has indeed been a time of troubles for stocks. But the reasons for the stock market’s ...
1994-03-01 Warren Buffett's Letters to Berkshire Shareholders
To the Shareholders of Berkshire Hathaway Inc.: Our per-share book value increased 14.3% during 1993. Over the last 29 years (that is, since present management took over) book value has grown from $19 to $8,854, or at a rate of 23.3% compounded ...
1994-04-25 Berkshire Hathaway Annual Meeting-Afternoon Session
参考网址：《Afternoon Session - 1994 Meeting》。 1. No comment on Guinness investment WARREN BUFFETT: Zone 2 now. Well, I don’t know where zone 2 is, but we’ll — (laughs) AUDIENCE MEMBER: Do you feel basically the same about your investment in Guinness now ...
1994-04-25 Berkshire Hathaway Annual Meeting-Morning Session
参考网址：《Morning Session - 1994 Meeting》。 1. Bigger meeting venue needed next year WARREN BUFFETT: Put this over here. CHARLIE MUNGER: WARREN BUFFETT: Am I live yet? Yeah. Morning. AUDIENCE: Morning. WARREN BUFFETT: We were a little worried today ...
2022-04-19 Charlie Munger in Conversation with Todd Combs
ON HENRY SINGLETON If you have a genius and you give them the power — you know, it's like that guy that wins all those swim tournaments, a big, tall guy. He had size 16 feet, and they were webbed. So no wonder he wins all the damn swim tournaments of ...
2023-05-08 Berkshire Hathaway Annual Meeting
Morning Session - 2023 Meeting 早晨会议 - 2023 年会议 1. Berkshire’s own ‘King Charles’ 伯克希尔自己的“查尔斯王” WARREN BUFFETT: Good morning, good morning. And thanks for coming. Omaha loves it, I love it, Charlie loves it. We’re glad to have you here. ...
2023-04-12 BERKSHIRE HATHAWAY CHAIRMAN & CEO WARREN BUFFETT SPEAKS WITH CNBC’S BECKY QUICK
参考网址：《BERKSHIRE HATHAWAY CHAIRMAN & CEO WARREN BUFFETT SPEAKS WITH CNBC’S BECKY QUICK》。 BECKY QUICK: Well, Andrew, good morning. It’s great to see you. Joe, it’s great to see you. And, yes, we are here with two very special guests this morning, ...
2020-05-02 Berkshire Hathaway Annual Meeting
Morning Session - 2020 Meeting 早晨会议 - 2020 年会议 1. “Doesn’t feel like an annual meeting” “感觉不像是年度会议” WARREN BUFFETT: Well, it’s 3:45 in Omaha and this is the annual meeting of Berkshire Hathaway. 沃伦·巴菲特：好吧，现在是奥马哈时间 3:45，这是伯克希尔·哈撒韦的年度会议。 It doesn’t ...
2019-02-14 芒格，走正道，路越走越宽
95岁的投资家查理·芒格在最近Daily Journal（《每日期刊》）公司年会演讲上，仍旧保持着一贯直率而睿智的谈话风格。会上芒格笑声不断，金句迭出，深入浅出地传达一些关于投资的理念和哲学思想。芒格非常看好中国市场：“中国的水可以。有些聪明人已经蹚进去了。时候到了，更多人会进场。中国的好公司比美国的好公司便宜。” 一、常识：平常人没有的常识 伯克希尔哈撒韦能取得巨大的成功，Daily Journal（《每日期刊》）能小有成就，没什么秘诀，就是追求基本的道德和健全的常识。 ...
1992-02-02 Charlie Munger.人类误判心理学
查理将三次演讲的内容合并起来，写成一篇从来没有发布过的讲稿，2005年又进行了修订， 增加了大量新的材料。 这三次演讲分别是： 1、1992年2月2日，在加州理工学院教职员俱乐部布雷（Bray）讲座上的演讲； 2、1994年10月6日，受剑桥行为研究中心邀请，在哈佛大学教职员俱乐部发表的演讲； 3、1995年4月24日，受剑桥行为研究中心邀请，在波士顿港酒店发表的演讲。 ...