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CEO","person-tim-cook","段永平评价库克，核心是理性、理解乔布斯追求、延续苹果文化，并把苹果从乔布斯时代带入更大规模的长期经营。",5230,{"title":771,"slug":772,"description":773,"category":676,"order":774,"type":694,"volume":9,"volumeOrder":9,"chapterOrder":9},"马云：段永平为什么一直认为他了不起","person-mayun","段永平对马云的评价长期很高：他看重马云兼具理想主义和现实主义，也欣赏其勇气和企业文化意识；但这不等于他对阿里没有保留。",5240,{"title":776,"slug":777,"description":778,"category":676,"order":779,"type":694,"volume":9,"volumeOrder":9,"chapterOrder":9},"丁磊：段永平为什么说他很有悟性","person-dinglei","段永平评价丁磊，核心是“很有悟性”、单纯、不算计人，而且在网易现金很多时没有犯大错。",5250,{"title":781,"slug":782,"description":783,"category":676,"order":784,"type":694,"volume":9,"volumeOrder":9,"chapterOrder":9},"马化腾：段永平为什么正面评价他","person-mahuateng","段永平对马化腾的评价简洁但重要：人不错、年轻，并且微信和微信支付的影响非常大且深远。",5260,{"title":786,"slug":787,"description":788,"category":676,"order":789,"type":694,"volume":9,"volumeOrder":9,"chapterOrder":9},"俞敏洪：段永平为什么说他是条汉子","person-yuminhong","段永平欣赏俞敏洪的韧性和面对问题的能力，甚至说他是“条汉子”；但也认为俞离顶级企业家还有距离，新东方生意模式不是自己特别喜欢的类型。",5270,{"title":791,"slug":792,"description":793,"category":676,"order":794,"type":694,"volume":9,"volumeOrder":9,"chapterOrder":9},"季克良：段永平为什么说他对茅台至关重要","person-jikeliang","段永平评价季克良，核心是质量文化和造钟人作用：季克良让茅台成为今天的茅台，功不可没。",5280,{"title":796,"slug":797,"description":798,"category":676,"order":799,"type":694,"volume":9,"volumeOrder":9,"chapterOrder":9},"黄仁勋：段永平为什么欣赏他","person-huangrenxun","段永平欣赏黄仁勋，重点在真诚、有能量、长期方向一致，以及带领英伟达形成强生态；但他仍然区分“欣赏人”和“看懂英伟达十年护城河”。",5290,{"title":801,"slug":802,"description":803,"category":676,"order":804,"type":805,"volume":9,"volumeOrder":9,"chapterOrder":9},"段永平高度评价过的公司","topic-highly-rated-companies","段永平高度评价公司时，核心标准不是名气，而是能否长期做对事情：好产品、好商业模式、好文化、好管理层和可理解的未来现金流。",5300,"topic",{"title":807,"slug":808,"description":809,"category":676,"order":810,"type":805,"volume":9,"volumeOrder":9,"chapterOrder":9},"段永平高度评价过的人","topic-highly-rated-people","段永平评价人，重点不是名气，而是这个人是否理性、真诚、关注本质、能长期做对事情，并能把个人能力沉淀为组织能力。",5310,{"title":812,"slug":813,"description":814,"category":676,"order":815,"type":805,"volume":9,"volumeOrder":9,"chapterOrder":9},"段永平正在重估的公司","topic-revaluated-companies","段永平的重估案例最值得看的是变化过程：他会承认看不懂，也会在新证据出现后调整判断，但始终保留能力圈和长期现金流边界。",5320,{"id":817,"title":384,"body":818,"category":241,"chapterOrder":9,"date":9,"description":386,"editor":1612,"extension":1613,"meta":1614,"navigation":1615,"order":387,"path":1616,"publishedAt":9,"seo":1617,"seoDescription":386,"seoTitle":1618,"slug":385,"source":9,"sourceAuthor":834,"sourceDate":9,"sourceNote":1619,"sourceStatus":1620,"sourceUrl":9,"sources":1621,"stem":1622,"summary":386,"tags":9,"type":9,"updatedAt":1623,"volume":9,"volumeOrder":9,"__hash__":1624,"_collection":1625},"dao\u002Fdao\u002Fspeeches\u002Fduanyongping-2018nian-sitanfu-daxue-53wen.md",{"type":819,"value":820,"toc":1609},"minimark",[821,828,836,841,854,859,868,873,882,887,892,897,902,909,918,927,935,946,955,967,970,975,986,994,1012,1017,1022,1031,1039,1058,1063,1079,1087,1092,1101,1115,1120,1125,1130,1133,1138,1146,1149,1154,1159,1164,1169,1174,1179,1187,1192,1197,1205,1212,1215,1220,1225,1230,1235,1240,1248,1251,1267,1270,1275,1280,1283,1288,1293,1300,1309,1314,1326,1331,1336,1341,1346,1351,1356,1361,1370,1373,1378,1383,1388,1400,1406,1411,1417,1425,1433,1450,1456,1461,1467,1472,1478,1483,1489,1494,1500,1508,1514,1519,1525,1533,1539,1547,1553,1558,1565,1570,1576,1584,1593,1598,1604],[822,823,824],"ol",{},[825,826,827],"li",{},"对你来说什么东西是最重要的？为什么？",[829,830,831,835],"p",{},[832,833,834],"strong",{},"段永平","：不同年龄答案是不同的。现在是家人、亲情、友情。这还需要说为什么吗？",[822,837,838],{"start":21},[825,839,840],{},"没有销售部，那你的价格决策机制是什么？",[829,842,843,845,846,850,851,853],{},[832,844,834],{},"：做市场调研，在上市的时候就尽可能定准价，错了及时调整。（电子产品）竞争的本质在于产品",[847,848,146],"a",{"href":849},"\u002Fchayihua","，要做别人提供不了的东西。没有",[847,852,146],{"href":849},"，就成了日用基础商品，只能靠价格来竞争，很难挣钱。",[822,855,856],{"start":26},[825,857,858],{},"你有没有试图改变过性格和思维方式？",[829,860,861,863,864,867],{},[832,862,834],{},"：我觉得没有，性格很难改。中欧有个统计，世界500强的CEO中什么样的性格都有，而他们只有一个共性，就是",[832,865,866],{},"integrity","（诚实）。",[822,869,870],{"start":31},[825,871,872],{},"中国民营企业应该怎么应对贸易战的挑战？",[829,874,875,877,878,881],{},[832,876,834],{},"：最主要的是取决于企业本身，做的好，有没有贸易战都无所谓。很多做的不好的企业，会拿贸易战当遮羞布。好的企业，危机来的时候，反而是机会。我们不贷款， 有充裕的",[847,879,88],{"href":880},"\u002Fxianjinliu","，所以每一次危机来的时候都是机会。",[822,883,884],{"start":36},[825,885,886],{},"投资早期企业的逻辑是什么？",[829,888,889,891],{},[832,890,834],{},"：我不投早期，只投上市企业。投黄峥是因为个人原因，他是我朋友，我了解他、相信他。黄峥是我知道的少见的很有悟性的人，他关注事物本质。",[822,893,894],{"start":41},[825,895,896],{},"谈一谈营销方法论？",[829,898,899,901],{},[832,900,834],{},"：（外界）有个误解，以为我们很看重营销。其实对于我们来说，营销一点儿都不重要，最重要的还是产品。没有哪家公司的失败，是因为营销失败。公司失败，本质都是因为产品的失败。当然我不是说不要营销，事实上我们营销做得很好。营销，就是用最简单的语言，把你想传播的信息传播出去（给你的用户）。",[829,903,904,905,908],{},"我这里是要强调，营销不是本质，本质是产品。营销最重要的，就是不能瞎说。",[847,906,135],{"href":907},"\u002Fqiyewenhua","最重要。广告最多只能影响20%的人，剩下80%是靠这20%影响的。营销不好，顶多就是卖得慢一点，但是只要产品好，不论营销好坏，20年后结果都一样。",[822,910,911],{"start":51},[825,912,913,914,917],{},"中国",[847,915,141],{"href":916},"\u002Fpinpai","在新兴市场国家有哪些机遇？",[829,919,920,922,923,926],{},[832,921,834],{},"：这个我不太懂，但我不觉得会有太大差别，都是要关注用户的需求。",[847,924,18],{"href":925},"\u002Fpingchangxin","，就是回到事物的本原。",[822,928,929],{"start":56},[825,930,931,934],{},[832,932,933],{},"巴菲特","饭局上发生了什么？",[829,936,937,939,940,942,943,945],{},[832,938,834],{},"：我做公益，老巴（",[832,941,933],{},"）也做公益。我直接捐出去，和通过老巴捐出去是一样的，所以就拍下了",[832,944,933],{},"午餐，只当做公益了，还能向老巴学习。不一定要吃饭，看老巴在网上的视频、讲话、股东信，就可以了。老巴（说）的东西，逻辑上很顺，听起来像音乐一样享受。",[822,947,948],{"start":62},[825,949,950,951,954],{},"现在手机（企业）有两种模式，一是小米这种先圈用户，再通过其他方式变现；二是",[832,952,953],{},"苹果","这样，靠产品本身赚钱。哪种好？",[829,956,957,959,960,962,963,966],{},[832,958,834],{},"：首先，圈客户的角度，",[832,961,953],{},"比小米厉害；其次，长远来看，没有什么企业是靠便宜赚钱的。性价比，都是给自己找借口。一定要把重心聚焦在用户上，也不是我们非要做高端还是低端，只是把自己能做的事情做好了，满足了一部分人群的需求。",[832,964,965],{},"即使","苹果，也没有满足所有人。",[829,968,969],{},"我们早年经常提性价比，直到我有一次跟一个中国通的日本人谈合作说到我们的产品性价比高时，对方很困惑地问道，什么是性价比，是“sex-price” ratio吗？我当时就愣了一下，觉得日本人的词典里似乎是没有性价比这个东西的，之后又花了很久才悟到，“性价比”实际上就是性能不够好的借口啊。我希望我们公司不会再在任何地方使用这个词了。",[822,971,972],{"start":68},[825,973,974],{},"未来的投资／创业趋势？",[829,976,977,979,980,982,983,985],{},[832,978,834],{},"：这个问题对我来说有点儿难。我个人不太关心前沿的东西，我一般比较滞后，看懂了好的公司再投。前沿的东西，是",[832,981,953],{},"这类公司关注的，我做的是找到",[832,984,953],{},"这样的公司。",[822,987,988],{"start":77},[825,989,990,991,993],{},"这么多手机公司，为什么",[832,992,953],{},"最成功？",[829,995,996,998,999,953,1008,1011],{},[832,997,834],{},"：苹果",[832,1000,1001,1002,1004,1005,1007],{},"很难得，focus（聚焦）在自己做的事情上。",[832,1003,953],{},"有利润之上的追求，就是做最好的产品。",[832,1006,953],{},"文化的强度很强，有严格的“Stop Doing List”，一定要满足用户，一定做最好的产品。我们不和",[832,1009,1010],{},"比，因为1000个功能里面，有一些比","苹果强，说明不了什么。就像CBA篮球打不过NBA，说我们会功夫，不是扯嘛。",[822,1013,1014],{"start":86},[825,1015,1016],{},"社交方面的“Stop Doing List”，与投资的关系？",[829,1018,1019,1021],{},[832,1020,834],{},"：我是anti-social的，社交很累，很费时间。泛泛的社交里朋友太少，看起来认识很多人，其实很难深入了解。有时间我更喜欢去打打球。我投资只是爱好，average（平均）能beat （打败）S&P。",[822,1023,1024],{"start":95},[825,1025,1026,1027,1030],{},"为什么说“",[847,1028,48],{"href":1029},"\u002Fganweitianxiahou","，后中争先”？",[829,1032,1033,1035,1036,1038],{},[832,1034,834],{},"：所有的高手都是",[847,1037,48],{"href":1029},"的，只是做的比别人更好。我们公司成功不是偶然的， 坚持自己的“Stop Doing List”，筛合伙人，筛供货商，慢慢地就会攒下好圈子，长期来看很有价值。",[829,1040,1041,1043,1044,1046,1047,1049,1050,1053,1054,1057],{},[847,1042,48],{"href":1029},"，指的是产品类别，是因为你猜市场的需求往往很难，但是别人已经把需求明确了，你去满足这个需求，就更确定。（",[847,1045,48],{"href":1029},"指的是产品类别，后中争先指的是做好产品的能力。或者说，",[847,1048,48],{"href":1029},"指的是“",[847,1051,23],{"href":1052},"\u002Fzuoduideshiqing","”，后中争先指的是“",[847,1055,28],{"href":1056},"\u002Fbashiqingzuodui","”的能力。）",[822,1059,1060],{"start":104},[825,1061,1062],{},"有没有过一些投资错误？",[829,1064,1065,1067,1068,1071,1072,1074,1075,1078],{},[832,1066,834],{},"：投资没犯过错误，",[847,1069,125],{"href":1070},"\u002Ftouji","犯过。（投资其实也犯过，但错误很小，当时可能没想起来。）",[847,1073,125],{"href":1070},"百度的时候被short squeeze（夹空）了，亏了1亿~2亿美金。我学老巴：想不通的我不碰，肯定会错失很多好机会，但是保证抓住的都是对的。投资遵循老巴的逻辑：先看",[847,1076,70],{"href":1077},"\u002Fshangyemoshi","，理解企业怎么挣钱。95%的人投资都是focus在市场上的，这就是不懂投资。一定要focus在生意上。公司是要挣钱的。",[822,1080,1081],{"start":113},[825,1082,1083,1084,1086],{},"什么时候卖",[832,1085,953],{},"，为什么？",[829,1088,1089,1091],{},[832,1090,834],{},"：好公司是不需要卖的！",[822,1093,1094],{"start":118},[825,1095,1096,1097,1100],{},"你来美国后，",[847,1098,33],{"href":1099},"\u002Fnengliquan","有什么提升？",[829,1102,1103,1105,1106,1108,1109,1111,1112,1114],{},[832,1104,834],{},"：",[847,1107,33],{"href":1099},"不是拿金箍棒在地上画个圈，说待在里面不要出去，外面有妖怪。",[847,1110,33],{"href":1099},"是：诚实对自己，知之为知之，不知为不知。有这样的态度，然后如果能看懂一个东西，那它就是在我",[847,1113,33],{"href":1099},"内，否则就不是。",[829,1116,1117,1119],{},[832,1118,953],{},"1万亿市值？我从来不关心这个，我只关心它赚钱的能力。买公司，是不打算卖的，除非它盈利能力改变，或者有更好的标的，自己很懂，价格又很低。",[822,1121,1122],{"start":123},[825,1123,1124],{},"怎么看待创业的“坚持了才有希望”和“Stop Doing List”？",[829,1126,1127,1129],{},[832,1128,834],{},"：“Stop Doing List”说的是做对的事，如果知道错了，马上要改。创业依然适用。（就是对的事情一定要坚持，错的事情一定要尽快改！）至于怎么做对，那是方法层面的，可以通过学习来解决。",[829,1131,1132],{},"要是不知对错，就是没有是非观，那这辈子很难有成就。是非观是要自己培养、坚持的，没有shortcut。比如抽烟，很多人不戒烟不是因为不知道它不好，而是抵抗不了短期诱惑。",[822,1134,1135],{"start":128},[825,1136,1137],{},"为什么不见媒体？",[829,1139,1140,1142,1143],{},[832,1141,834],{},"：不希望给公众留下我掌控公司的印象，抢了CEO的成就感。不抢他们的功劳，这很重要，因为事实上我本人已经10多年没有在一线了，",[832,1144,1145],{},"如果我还是CEO的话，公司很可能做不了这么好。",[829,1147,1148],{},"19.怎么看待中美市场环境对创业的差异？",[829,1150,1151,1153],{},[832,1152,834],{},"：美国环境更好一点。在中国做企业更辛苦，做完自己的事，还得做警察的事、消防的事、保安的事，麻烦......",[822,1155,1156],{"start":139},[825,1157,1158],{},"你主张不贷款，不用margin，错过了机会怎么办？",[829,1160,1161,1163],{},[832,1162,834],{},"：贷款和用margin，赚的时候快，赔的时候更快。常在河边走，哪能不湿鞋，湿一回鞋就湿一辈子，为什么要冒这个险呢？（有些机会总是要错过的，只要保证抓住的是对的，就足够了。）我们过去的大部分竞争对手都消失了，我们还健在，道理也许就在此。",[822,1165,1166],{"start":144},[825,1167,1168],{},"你怎么看待智能手机壳行业？",[829,1170,1171,1173],{},[832,1172,834],{},"：我不懂。但是我知道，好东西不需要推广，你看智能手机一出来，很快就普及开了。如果你的东西推出去没有很快抓住用户，肯定是不够好，一定要回来好好思考，想自己的问题。",[822,1175,1176],{"start":149},[825,1177,1178],{},"对职场新人职业发展的建议？",[829,1180,1181,1183,1184,1186],{},[832,1182,834],{},"：做好本职工作，不要跳来跳去。硅谷很多人喜欢跳槽，但是在",[832,1185,953],{},"干30年，比跳去大多数创业公司结果都要好。",[822,1188,1189],{"start":159},[825,1190,1191],{},"如何看待创业？",[829,1193,1194,1196],{},[832,1195,834],{},"：如果自己都不懂自己在做什么，要让投资人相信你是不可能的。黄峥有一点特别好，会不停地问这个是什么意思，这个是什么意思，关注问题本质。",[822,1198,1199],{"start":164},[825,1200,1201,1202,1204],{},"（什么是）",[847,1203,135],{"href":907},"？",[829,1206,1207,1105,1209,1211],{},[832,1208,834],{},[847,1210,135],{"href":907},"就是Mission、Vision和Core Values。“Mission”是为什么成立；“Vision”是我们要去哪里；“Core Values”是哪些事情是对的，哪些事情是不对的。",[829,1213,1214],{},"招人分合格的人和合适的人。合适是指文化匹配， 合格是指能力。价值观不match（匹配）的人，坚决不要。给公司制造麻烦的，往往是合格但不合适的人。一群合适的普通人在一起，同心合力也能干大事。",[822,1216,1217],{"start":169},[825,1218,1219],{},"怎么看待中国企业爱弯道超车？",[829,1221,1222,1224],{},[832,1223,834],{},"：Alaska有句话，shortcut is the fastest way to get lost（捷径是迷路的最快的办法。）不存在什么弯道超车的事情，关注本质最重要！不然即使超过去，也会被超回来。",[822,1226,1227],{"start":174},[825,1228,1229],{},"怎么判断股价便不便宜？",[829,1231,1232,1234],{},[832,1233,834],{},"：这是关注短期关注市场的人才会问的问题。我不考虑这个问题。我关注长期，看不懂的不碰。任何想市场，想时机的做法，可能都是错误的，我不看市场，我看生意。你说某只股票贵，how do you know？站在现在看10年前，估计什么都是贵的。你站在10年后看现在，能看懂而且便宜的公司，买就行了。",[822,1236,1237],{"start":179},[825,1238,1239],{},"怎么理解“Stop Doing List”？",[829,1241,1242,1244,1245,1247],{},[832,1243,834],{},"：主要讲的是",[847,1246,23],{"href":1052},"。它不是一个skill（技巧）或者formula（公式），而是思维方式：如果发现错了，就立刻停止，因为这个时候成本是最小的。我不能告诉你对错，怎么判断对错，要自己积累。",[829,1249,1250],{},"不该骗用户，不该骗投资人，每句话都是一个promise（承诺），这你应该是知道的。你去找投资，说没生意，没skill，什么都没有，那你去找你爸。你总得有点儿什么，才能见投资人吧。如果你自己都搞不清楚要做的事，让投资人怎么相信你？",[829,1252,1253,1254,1256,1257,1260,1261,1263,1264,1266],{},"至于怎么",[847,1255,28],{"href":1056},"，要花时间去培养skill sets（就是有学习曲线的意思，要允许犯错误）。坚持“Stop Doing List”，厉害是攒出来的。OPPO",[832,1258,1259],{},"跟","苹果比，我们在",[847,1262,23],{"href":1052},"上是一样的，但是在",[847,1265,28],{"href":1056},"上可能有些差距。但我们有积累。我们比大多数公司厉害。",[829,1268,1269],{},"“Stop Doing List”没有shortcut（捷径），要靠自己去积累，去攒，去体悟。stop doing就是发现错，就要停，时间长了就效果很明显。很多人放不下眼前的诱惑，30年后还在那儿。错了一定要停，要抵抗住短期的诱惑。",[822,1271,1272],{"start":184},[825,1273,1274],{},"在硅谷怎么更好地带娃？",[829,1276,1277,1279],{},[832,1278,834],{},"：最主要的，要给孩子安全感。怎么给？就是给quality time，就是高质量的陪伴，跟他们交朋友。高质量的陪伴，就是待在一起，把手机藏起来。",[829,1281,1282],{},"要无条件的爱。中国人容易有条件的爱，“你得了第一，爸爸很爱你啊”，这两句话绝对不能放一起说。中国人也爱到处夸孩子得了第一，这容易给孩子压力。孩子会想：我得第二你是不是就不爱我了？我带孩子，坚持尽量不对孩子说“NO”，除了大是大非，涉及边界的事，其他的都让孩子大胆地探索。",[822,1284,1285],{"start":189},[825,1286,1287],{},"怎么看待老巴？",[829,1289,1290,1292],{},[832,1291,834],{},"：老巴是一个很好的人。他是发自内心的的对人好对人诚恳。他很睿智，任何复杂的问题，他一两句话就说到本质了。他这么睿智这么成功又对人这么好，中国企业家里我基本没见过这样的，美国企业家里也极少。",[822,1294,1295],{"start":195},[825,1296,1297,1298,1204],{},"为什么卖",[832,1299,596],{},[829,1301,1302,1304,1305,1308],{},[832,1303,834],{},"：因为",[832,1306,1307],{},"丁磊","就是个大孩子，那么多钱放他手里不放心，虽然股价证明我可能卖错了。",[822,1310,1311],{"start":200},[825,1312,1313],{},"怎么看待特斯拉？",[829,1315,1316,1318,1319,1322,1323,1325],{},[832,1317,834],{},"：芒格说，马斯克是个被证明了的天才，他的IQ可能是190，但他自己认为他是250。但是run a company，you must be rational（经营一家公司，你必须要",[847,1320,222],{"href":1321},"\u002Flixing","！）。在我眼里，特斯拉是一家价值为零为zero的公司，迟早要完。他的culture（",[847,1324,135],{"href":907},"）很糟糕。",[822,1327,1328],{"start":205},[825,1329,1330],{},"如何建立长期友谊？",[829,1332,1333,1335],{},[832,1334,834],{},"：就是和人真诚打交道。我跟老巴学到的， 人一辈子最重要的是友谊。所以要对朋友宽容，要友善，要诚实。但他也没说要有很多朋友，能有一打好朋友就足够了。",[822,1337,1338],{"start":210},[825,1339,1340],{},"怎么把culture（文化）传承下去？",[829,1342,1343,1345],{},[832,1344,834],{},"：没有特别的秘诀，主要在于选择，找到同道中人。因为你是没有办法说服不相信你的人的。不相信你的人，你跟他说话的时候，他的眼神是飘的，你能看出来。然后就是年年讲，月月讲，天天讲，靠年头淘汰掉不合适的。",[822,1347,1348],{"start":215},[825,1349,1350],{},"怎么样选人，包括合伙人，员工？",[829,1352,1353,1355],{},[832,1354,834],{},"：一次就找对那是运气。主要是要有标准，该淘汰淘汰，该散伙散伙。知道错了，要有停止的勇气。越早停止，代价越小。",[822,1357,1358],{"start":220},[825,1359,1360],{},"你的“Stop Doing List”举个例子。",[829,1362,1363,1365,1366,1369],{},[832,1364,834],{},"：我想的都不是眼前的。我是学无线电的，但我没有干这个，因为这不是我爱干的事。当年研究生毕业时找的工作说你多少年能当处长，两年能分房子，鸡鸭鱼肉有得分。但是我没有兴趣。所以我离开了。后来去的佛山无线电八厂，当年这个只有几百人的公司招了100本科生，50个研究生。大家都不满意，很多人都想走。结果我离开两年后",[832,1367,1368],{},"小霸王","都做出来了，回去一看，那帮人都还在（只走了一个人）。",[829,1371,1372],{},"很多人说“我没有找到更好的机会”，其实是他们没有停止做不对的事情的勇气。所以stop doing的意思，就是发现错了就要马上停，不然两年后，可能还是待在那个不好的地方。我一直想的是长远的事情。很多人都是在眼前的利益上打转，他30年后还会在那儿打转。",[822,1374,1375],{"start":225},[825,1376,1377],{},"美国对中国的误解？",[829,1379,1380,1382],{},[832,1381,834],{},"：美国人对中国的理解整体不错。我支持political right(政治正确），因为如果你连政治都不正确，你怎么会正确？目前美国人选的总统是让我非常困惑的，但我相信最终都会好起来的。",[822,1384,1385],{"start":230},[825,1386,1387],{},"（价值）投资最重要的是什么？",[829,1389,1390,1392,1393,1396,1397,1399],{},[832,1391,834],{},"：right business，right people，right price。（对的生意，对的人，对的价钱。这是老巴说的。）对的生意说的就是",[832,1394,1395],{},"生意模式","，对的人指的就是",[847,1398,135],{"href":907},"。price没有那么重要，business和people最重要。culture跟founder（创始人）有很大关系。business 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