And he used to say to me,Everybody can read what I read.
他以前經(jīng)常和我說 每人都能讀我讀的書
It's a level playing field.
這是一個公平競爭的環(huán)境
And he loves that, because he's competitive.
他喜歡那樣 因為他有求勝欲
And he's sitting there all by himself in his office,
他都是一個人在辦公室
reading these things that everybody else can read,
讀每個人都能讀的書
but he loves the idea that he's gonna win. Ha!
但他喜歡贏的想法
I'll tell you how you do it.
我會告訴你怎么做
Have you ever seen a juggler,juggle 25 milk bottles?
你見過玩雜耍的 耍25個牛奶瓶嗎
How did he ever get to do that?
他怎么做到的
The answer is he started with one bottle,then two, then three
答案就是他從一個瓶子開始 然后兩個三個
and just kept doing it, and pretty soon he was at 25,
就堅持 很快就會有25個
and that's the way we did it.
我們也是這樣
So, basically, we started out with cash
所以我們從現(xiàn)金開始
and ended up buying a bunch of businesses,including insurance companies.
以購買一些企業(yè)結(jié)束 包括保險公司
Insurance is, in itself, a profitable business,
保險自身是一項賺錢的生意
but it has the additional advantage of creating something that's called "float."
但它有另外一個優(yōu)點 能創(chuàng)造浮款
Float is the money that hangs around Berkshire while a claim is waiting to be paid.
浮款是指當要進行償付時 在伯克希爾周圍的那些錢
And Warren turned out to have a extraordinary ability to use the money thrown off by the float to buy companies that fed the growth of Berkshire.
沃倫擁有運用浮款來購買能使伯克希爾成長的公司的非凡能力