[{"data":1,"prerenderedAt":186},["ShallowReactive",2],{"buffett-ba-fei-te-1986nian-zai-hua-er-jie-ri-bao-kan-deng-de-shou-gou-guang-gao":3},{"id":4,"title":5,"body":6,"category":174,"description":175,"extension":176,"meta":177,"navigation":178,"order":179,"path":180,"seo":181,"seoDescription":175,"seoTitle":182,"slug":183,"stem":184,"__hash__":185},"buffett\u002Fbuffett\u002Finterview\u002Fba-fei-te-1986nian-zai-hua-er-jie-ri-bao-kan-deng-de-shou-gou-guang-gao.md","巴菲特：1986年在《华尔街日报》刊登的收购广告",{"type":7,"value":8,"toc":170},"minimark",[9,13,20,25,28,31,34,45,51,56,62,65,72,78,81,92,97,137,144,151,154,159,162,167],[10,11,5],"h1",{"id":12},"巴菲特1986年在华尔街日报刊登的收购广告",[14,15,16],"p",{},[17,18,19],"strong",{},"全文：",[14,21,22],{},[17,23,24],{},"伯克希尔·哈撒韦公司",[14,26,27],{},"1440 Kiewit Plaza",[14,29,30],{},"奥马哈，内布拉斯加州 68131",[14,32,33],{},"电话：(402) 346-1400",[14,35,36,37,40,41,44],{},"我们希望在",[17,38,39],{},"1986年12月31日之前","收购",[17,42,43],{},"价值1亿美元或以上的企业","。",[14,46,47,48,44],{},"如果你拥有这样的企业，这可能是一个",[17,49,50],{},"你应该认真考虑出售的重大理由",[14,52,53],{},[17,54,55],{},"仅剩44天，",[14,57,58,59],{},"你可能需要为出售企业支付的",[17,60,61],{},"税率将飙升至52.5%。",[14,63,64],{},"我们都知道，美国联邦资本利得税税率将从20%提高至28%。在大多数情况下，有效的州税率也将显著上升。",[14,66,67,68,71],{},"另一项鲜为人知但更具影响的税收变更也即将生效。自明年1月起，“一般公用事业条款（General Utilities Doctrine）”将被废除。这一变更相当于对企业出售征收",[17,69,70],{},"最高可达52.5%的联邦资本利得税","。请咨询你的律师、会计师或投资银行顾问，看这是否适用于你的情况。",[14,73,74,75,44],{},"但",[17,76,77],{},"这一变更不会影响在12月31日前完成的交易",[14,79,80],{},"换句话说，如果你现在就出售，将可显著减轻税负。如果你拖延，则可能面对沉重税收。",[14,82,83,84,87,88,91],{},"伯克希尔·哈撒韦有能力并有意愿",[17,85,86],{},"迅速完成交易","，赶在12月31日之前。我们拥有资金，并具备非凡的交易速度。我们以往的大多数收购，都是在第一次见面后立即做出的决定。如果你拥有一个符合我们标准的企业，并愿意提供一个简要介绍和你希望达成的交易类型，我们可以",[17,89,90],{},"立刻告诉你是否有兴趣","，若有兴趣，我们将立即启动流程。",[14,93,94],{},[17,95,96],{},"我们寻找的企业需符合以下条件：",[98,99,100,107,113,119,125,131],"ol",{},[101,102,103,106],"li",{},[17,104,105],{},"规模大","：每年税后净利润至少1,000万美元，当然更高更好。",[101,108,109,112],{},[17,110,111],{},"盈利稳定","：历史业绩为主，我们不太关心未来预测或“转型型”企业。",[101,114,115,118],{},[17,116,117],{},"高回报","：使用极少或无债务的情况下实现良好的股东权益回报。",[101,120,121,124],{},[17,122,123],{},"管理团队健全","：我们不会也无法替你配管理层。",[101,126,127,130],{},[17,128,129],{},"业务简单","：如果技术太复杂，我们理解不了。",[101,132,133,136],{},[17,134,135],{},"明确的报价","：如果价格模糊不清，我们也不会浪费你或我们的时间。",[14,138,139,140,143],{},"这些标准",[17,141,142],{},"非常明确","，所以我们只希望从符合条件的企业主那里获得回应。",[14,145,146,147,150],{},"我们欢迎潜在卖家咨询我们以前合作过的企业主。我们与众不同的一点是：我们",[17,148,149],{},"不进行定期“结构重组”","，也不会替换管理层。我们倾向于让子公司管理团队继续以往方式运营，我们的控股结构也保持几十年如一的稳定。",[14,152,153],{},"如果你有兴趣，请拨打 (402) 346-1400，或先致电同一号码找Mrs. Kaiser，索取最新年报。你的询问将被严格保密：我们没有助理，不通过顾问、不通过投资银行，只会由我本人和公司副董事长查理·芒格（Charlie Munger）与你直接沟通。",[14,155,156],{},[17,157,158],{},"如果你可能有意向，请尽快联系。",[14,160,161],{},"否则，你可能要面对从20%涨至28%甚至52.5%的税率。",[14,163,164],{},[17,165,166],{},"沃伦·E·巴菲特",[14,168,169],{},"董事长",{"title":171,"searchDepth":172,"depth":172,"links":173},"",2,[],"访谈与文章","巴菲特在《华尔街日报》刊登广告，寻求收购1亿美元以上企业，提醒税率即将上调促使企业主出售。","md",{},true,17,"\u002Fbuffett\u002Finterview\u002Fba-fei-te-1986nian-zai-hua-er-jie-ri-bao-kan-deng-de-shou-gou-guang-gao",{"title":5,"description":175},"巴菲特：1986年在华尔街日报刊登的收购广告｜巴菲特","ba-fei-te-1986nian-zai-hua-er-jie-ri-bao-kan-deng-de-shou-gou-guang-gao","buffett\u002Finterview\u002Fba-fei-te-1986nian-zai-hua-er-jie-ri-bao-kan-deng-de-shou-gou-guang-gao","E-btVPivhl_0PORS5cWzf774Li5qlS8I4DA5K_Pu4YI",1778061724458]