http://www.mba.org.cn/mbahtml/54435348/30121_1.html 这段来自于巴菲特98年给MBA的一次交流,这里把他说margin的一段放进来,说得非常透彻。关于做自己喜欢的事情那段我也很喜欢。 Warren Buffett Lecture at the University of Florida School of B…
It’s much easier to stay out of trouble now than to get out of trouble later. 个人理解:改正错误宜早不宜迟,多大的代价都是最小的代价Risk comes from not knowing what you are doing.个人理解:不懂不做风险自然小I’d be a bum o…
Stocks Bad news from Europe, macro news and other headlines would not cause you to sell a farm run by capable people, or an apartment house where you had rents rising. You wouldn't…
"Chains of habit are too light to be felt until they are too heavy to be broken." --- Attogear QuickQuote Apps for iPhone/iPod Touch - http://www.attogear.com 发自我的 iPhone 其实这条非常非常重…
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." --- Attogear QuickQuote Apps for iPhone/iPod Touch - http://www.a…
"Take me as an example. I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born…
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." --- Attogear QuickQuote Apps for iPhone/iPod Touch - http://www.attogear.com…
"The Stock Market is designed to transfer money from the Active to the Patient." --- Attogear QuickQuote Apps for iPhone/iPod Touch - http://www.attogear.com 发自我的 iPhone
"A girl in a convertible is worth five in the phonebook. " --- Attogear QuickQuote Apps for iPhone/iPod Touch - http://www.attogear.com 发自我的 iPhone 个人理解:看不懂的投资别碰,哪怕别人能讲很好的故事。实际上还是呆…
"The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is that your fans keep yel…
"First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy. " --- Attogear QuickQuote Apps for iPhone/iPod Touch…
"You ought to be able to explain why you're taking the job you're taking, why you're making the investment you're making, or whatever it may be. And if it can't stand applying penc…
"Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.…
"If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's…
"We're more comfortable in that kind of business. It means we miss a lot of very big winners. But we wouldn't know how to pick them out anyway. It also means we have very few big l…
"Success in investing doesn't correlate with I.Q. once you're above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges tha…
"Time is the friend of the wonderful company, the enemy of the mediocre." --- Attogear QuickQuote Apps for iPhone/iPod Touch - http://www.attogear.com 发自我的 iPhone
"If past history was all there was to the game, the richest people would be librarians." --- Attogear QuickQuote Apps for iPhone/iPod Touch - http://www.attogear.com 发自我的 iPhone
"For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worke…
"There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the i…
"Can you really explain to a fish what it's like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same…