評論
打印
He made so much money for so long doing what he'd been taught by Ben Graham,
他靠本格拉漢姆教的購買便宜股票的那一套
which he'd buy these very cheap stocks.
賺了很多錢
If they were cheap enough, he didn't care it was a lousy company and a lousy management.
如果足夠便宜 他就不在乎這是一個多爛的公司或是擁有多爛的管理層
He knew he was going to make money anyway, just because of the cheapness.
他知道他無論怎樣都賺錢 因為它們便宜
Charlie Munger has had a big impact on me in moving me toward looking for wonderful companies at fair prices rather than fair companies at wonderful prices.
查理芒格在推動我尋找價格合理的好公司 而不是價格高的好公司方面 對我有著很大的影響
That was enormously important, because it enabled Berkshire to scale up in a way that would have been impossible to do otherwise.
那相當重要 因為它能使伯克希爾成倍擴大 而不可能犯下其他錯誤
Yep? What are the key indicatorsyou'd look for within companies before making an investment?
你在進行投資前 你會看公司的什么關鍵指標
Well, I look for something that does give them a moat around it.
我會尋找周圍有護城河的公司
We have a company called See's Candies out on the west coast.
我們在西海岸有一家叫做時思糖果的公司
See's Candies Boxed Chocolates.
時思糖果盒裝巧克力
If you give a box of See's chocolates to your girlfriend on the first date and she kisses you?
如果你第一次約會送給你女朋友這個 她會吻你嗎
We own you. You know? I mean we,we can raise the price tomorrow.I mean, you'll buy the same box.
我們是你老板 你懂嗎 我是指 我們明天就能提高你的價格 你明天買一盒一樣的
You're not gonna fool around with success, so the key there is the response.
你就不可能混過關 關鍵就是回應
You do not want to get home on Valentine's Day and say to your wife or your sweetheart,
你不會想在情人節那天回家 和你的妻子或是心上人
preferably they're the same person.
當然最好兩個人是同一人
you don't say, "Here, honey, I took the low bid."It doesn't work.
你不會說親愛的 我低價中標了 那沒用
