And yet, some of Buffett’s best investments of his entire career have been ones he has made in the past few years. What’s more, if Buffett has lost it, someone forgot to tell the market. Share of Berkshire BRK.A 0.46% are way up, have more than doubled in the past five years. That’s generally a reflection of how well investors think Berkshire’s stock market portfolio, still over 85% managed by Buffett and his long-time partner Charlie Munger, as well as the businesses they have bought over the years—including railroad company Burlington Northern, See’s Candies, and dozens of others—are doing. If Buffett has hit a lull, that’s only because the comparison he has built up for himself over the years is tough to top.
但是,巴菲特整個職業生涯中最成功的幾筆投資都是他在過去幾年中發起的。此外,如果有人說巴菲特不再靈光,那么他肯定忘了一件事。伯克希爾哈撒韋公司的股價是一路上漲的,過去五年來漲幅超過一倍。這在總體上反映了投資者有多看好伯克希爾哈撒韋公司的股票投資組合(仍有超過85%的股票投資組合由巴菲特和他的長期合作伙伴查理•芒格管理)以及該公司多年來所收購的數十家公司【其中包括鐵路公司伯靈頓北方公司(Burlington Northern)、時思糖果公司(See’s Candies)】。如果硬要說巴菲特遇到了瓶頸,那只是因為他多年來的輝煌戰績確實很難突破了。
Here are Buffett’s greatest investments of all time, ranked by annual average rate of return. It’s a testament to how successful Buffett has been. Even some of Buffett’s best-known investment successes, like Coke KO 1.16% , Capital Cities/ABC, Gillette, and auto insurance company Geico, were not good enough to make the list. Here are the ones that did:
以下是巴菲特史上最成功的幾筆投資,以年度回報率排名。這些交易是巴菲特璀璨投資生涯的最好證明。雖然巴菲特對可口可樂公司、Capital Cities/ABC公司、吉列公司(Gillette)以及汽車保險商Geico等公司的成功投資被業內廣為傳頌,但它們都沒有好到能登上本榜單的份上。以下是上榜投資案例: