[{"data":1,"prerenderedAt":1749},["ShallowReactive",2],{"library-ba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti":3,"library-sidebar-buffett":213,"library-sidebar-dao":1215,"library-sidebar-models":1517},{"id":4,"title":5,"body":6,"category":199,"date":200,"description":201,"extension":202,"meta":203,"navigation":204,"order":205,"path":206,"seo":207,"seoDescription":201,"seoTitle":208,"slug":209,"stem":210,"__hash__":211,"_collection":212},"buffett\u002Fbuffett\u002Finterview\u002Fba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti.md","巴菲特：2007年巴菲特接见Dardashti",{"type":7,"value":8,"toc":194},"minimark",[9,13,18,22,25,28,35,38,41,44,47,50,53,60,63,66,69,72,75,78,81,84,87,90,92,95,101,104,109,112,117,120,134,137,142,146,149,154,157,162,165,168,171,176,179,182,185,188,191],[10,11,5],"h1",{"id":12},"巴菲特2007年巴菲特接见dardashti",[14,15,17],"h2",{"id":16},"巴菲特接见dardashti-2007","巴菲特接见Dardashti 2007",[19,20,21],"p",{},"2007 年1 月19 日",[19,23,24],{},"Dardashti 资本管理公司",[19,26,27],{},"ShaiDardashti 管理合伙人",[19,29,30],{},[31,32,34],"a",{"href":33},"mailto:Shai@DardashtiCapital.com","Shai@DardashtiCapital.com",[19,36,37],{},"2007 年1 月19 日，我飞往内布拉斯加州奥马哈市，亲手向沃伦巴菲特书面请教了一些问题(见附录)。",[19,39,40],{},"信中主要针对巴菲特先生的早期投资提出了以下问题：",[19,42,43],{},"在第一次我安排的问答中，你告诉我，现在(2005 年5 月23 日)你是\"85%的格雷厄姆和15%的费雪\"。",[19,45,46],{},"如果你今天20 多岁，同样希望管理不到1 千万美元的资金，并且可以自由地将资金分配到8 千多个机会中(甚至不考虑任何海外的机会)，你的心智模式网格会主要搜索以下内容吗？",[19,48,49],{},"1，1957 年的情况：类似于大韩面粉公司(Daehan)。",[19,51,52],{},"2，1987 年的情况：类似于穆迪公司。",[19,54,55,56],{},"对于我提出的1091 个字的问题，巴菲特先生手写了8 个字的答复：",[57,58,59],"strong",{},"两种都可以。前者更适合小额资金，后者更适合大额资金。",[19,61,62],{},"谨启",[19,64,65],{},"Shai Dardashti",[19,67,68],{},"附录：原文",[19,70,71],{},"Dear Warren：",[19,73,74],{},"和其他成千上万试图联系你的年轻人一样，我在学校里一直是那个读高中时只看报纸商业版而不看体育版，读大学时只看\"雅虎财经\"而不看\"雅虎体育\"的孩子。",[19,76,77],{},"我第一次读《巴菲特之道》是在13 岁，我走进当地图书馆寻找一本关于投资的书。我第一次给您写信是在我 17 岁的时候，当时我觉得我确实有理由恳求您的关注。21 岁时，我第一次有幸与您握手，当时我组织了一次马里兰大学的学生拜访之行(2005 年5 月23 日)。我在接到通知后的48 小时内长途跋涉1000 英里，第二次(2007 年 1 月19 日)与您握手。并亲手将这封信交给您。",[19,79,80],{},"我的父亲是1967 年从伊朗逃出来的，当时他只有12 岁，抛下了父母，独自在费城的姑姑家生活。我的母亲来自宾夕法尼亚州的一个小镇，她的许多家人都是大屠杀的受害者。如果你真的在读这条信息，那我确实是世界上最幸运的人之一。",[19,82,83],{},"我认为，能够向您传达这种交流，其幸运程度就像一个哲学系学生与柏拉图对话一样；\"时间、技术和气质\"三者齐头并进的概率是统计学上的反常现象。在\"卵巢彩票\"中，我得到了一张再好不过的彩票了。",[19,85,86],{},"我读过你的\"致合伙人的信\"、\"致伯克希尔股东的信\"，也读过你写的文章和关于你的书，但仍有一个问题挥之不去。如能得到任何指导，将不胜感激。",[19,88,89],{},"致以最诚挚的谢意",[19,91,65],{},[19,93,94],{},"巴菲特先生，1999 年6 月23 日，您在商业周刊上写道：",[96,97,98],"blockquote",{},[19,99,100],{},"如果我今天有100 万美元，或者1000 万美元，我也会全额投资。任何说规模不会影响投资业绩的人都是在卖弄。我取得的最高回报率是在1950 年代。我完胜道指。你应该看看这些数字。但那时我投资的规模只是个花生米。钱不多是一个巨大的结构性优势。我想我能用100 万美金给你带来50%的收益。不，我知道我可以，我保证。",[19,102,103],{},"最近，晨星公司发布了一份报告：",[96,105,106],{},[19,107,108],{},"芒格还回顾了巴菲特在伯克希尔年会上就2002 年韩国金融风暴期间韩国股票变得多么便宜发表的评论：\"当时大韩面粉公司的股价是收益的两倍。沃伦觉得自己又变年轻了\"。",[19,110,111],{},"据我所知，从你们多年来的投资模式中，我认识到了两种\"心智模式\"：",[113,114,116],"h4",{"id":115},"_1957-年的格雷厄姆方法","1957 年的格雷厄姆方法",[19,118,119],{},"1993 年，您在对哥伦比亚大学学生的一次演讲中分享了自己的观点：",[96,121,122,125,128,131],{},[19,123,124],{},"从哥伦比亚大学毕业后，我工作的第一家公司是一家在奥马哈运营的五人经纪公司。它订阅了穆迪工业手册、银行和金融手册以及公共事业手册。我一页一页地翻完了这些书。",[19,126,127],{},"我在罗切斯特附近找到一家名为Genesee Valley Gas 的小公司。它有2.2 万股股票。这是一家公用事业公司，其每股收益约为5 美元，好处是你可以以每股5 美元的价格买入。(即使考虑通货膨胀因素，2.2 万股每股5美元的价格也意味着市值远低于100 万美元。)",[19,129,130],{},"我在堪萨斯州Fort Scott 找到了西部保险公司(Western Insurance)。穆迪财务手册上的价格区间是12-20美元。每股收益是16 美元。我在当地报纸上登了一则广告，想买这只股票。",[19,132,133],{},"我在新贝德福德找到了联合街铁路公司(Union Street Railway)，这是一家公共汽车公司。当时它的售价约为45 美元，我记得当时每股有120 美元现金，没有负债。",[19,135,136],{},"同样，据我所知，在2005 年末，您曾向一群哈佛学生解释过以下内容：",[96,138,139],{},[19,140,141],{},"花旗集团发送了一份韩国股票手册。在5、6 个小时内，就找到了20 只市盈率为2-3 倍、资产负债表强劲的股票。1998 年后，韩国金融市场遭受重创。各公司过度谨慎构建资产负债表，包括年盈利能力为1.5 万韩元的大韩面粉公司，以2 倍多的市盈率出售。当时的策略是购买20 家这样公司的股票，从而分散其中一些公司由骗子经营的风险。1 亿美元很快就投入其中。",[113,143,145],{"id":144},"_1987-年的菲利普费雪方法","1987 年的菲利普费雪方法",[19,147,148],{},"以下节选自卡罗尔卢米斯1988 年4 月11 日发表在《财富》杂志上的一篇文章，它以有趣的方式阐明了伯克希尔在1987 年前后的运作方式：",[19,150,151],{},[57,152,153],{},"非同寻常的盈利能力(高ROE 低债务，即高ROIC)",[19,155,156],{},"...但在1987 年的年报中，生意人巴菲特站出来指出，这些企业及其经理人是多么优秀。他说，如果\"七圣徒\"在1987 年作为一整个单独的企业运营，那么它们将雇佣1.75 亿美元的权益资本，只支付200 万美元的净利息，税后收益为1 亿美元。股本回报率高达57%，这是非同寻常的。正如巴菲特所说，''你在任何地方都很少看到这样的百分比，更不用说在具有名义杠杆作用的大型多元化公司了\"。",[19,158,159],{},[57,160,161],{},"非同寻常的增长(留存收益再投资的机会)",[19,163,164],{},"...1986 年，Heldman 家族的一些有识之士看到了这则广告，并给巴菲特带来了他们的制服企业Fechheimer。",[19,166,167],{},"这家企业的利润只有600 万美元左右，比巴菲特理想中的经营规模要小得多。",[19,169,170],{},"...几百英里外的Fechheimer(...1987 年销售额：7500 万美元)",[19,172,173],{},[57,174,175],{},"为好生意支付合理的价格",[19,177,178],{},"...到1972 年，蓝筹印花公司(BlueChipStamps，伯克希尔的子公司，后并入母公司)以三倍账面价值的价格",[19,180,181],{},"收购了喜诗糖果公司，从此开启了好生意时代。巴菲特说：\"查理对我的影响巨大。天啊，如果我只听Ben 的话，我会变得更穷\"。",[19,183,184],{},"巴菲特的回复，左边：Either is fine.",[19,186,187],{},"右边：Better for small sums.",[19,189,190],{},"... large ...",[192,193],"hr",{},{"title":195,"searchDepth":196,"depth":196,"links":197},"",2,[198],{"id":16,"depth":196,"text":17},"访谈与文章",null,"Dardashti资本管理公司合伙人拜访巴菲特，分享投资理念与伯克希尔经营哲学，强调长期持有优质企业。","md",{},true,68,"\u002Fbuffett\u002Finterview\u002Fba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti",{"title":5,"description":201},"巴菲特：2007年巴菲特接见Dardashti｜巴菲特","ba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti","buffett\u002Finterview\u002Fba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti","tAzbnLgCLC9S-_W-nIzaebzwwIjy4FGzqFDZKCunUtk","buffett",[214,219,222,226,229,232,235,239,242,245,249,252,255,259,262,265,269,272,275,279,282,285,289,292,295,299,302,305,309,312,315,319,322,325,329,332,335,339,342,345,349,352,355,359,362,365,369,372,375,379,382,385,389,392,395,399,402,405,409,412,415,419,422,425,429,432,435,439,442,445,449,452,455,459,462,465,469,472,475,479,482,485,489,492,495,499,502,505,509,512,515,519,522,525,529,532,535,539,542,545,549,552,556,559,563,566,570,573,577,580,584,587,591,594,598,601,605,608,612,615,619,622,626,629,633,636,640,643,647,650,654,657,661,664,668,671,675,678,682,685,689,692,696,699,703,706,710,713,717,720,724,727,731,734,738,741,745,748,752,755,759,762,766,769,773,776,780,783,786,787,791,794,798,801,805,808,812,815,819,822,826,829,833,836,840,843,847,850,854,857,861,864,868,871,875,878,882,885,889,892,896,899,903,906,910,913,917,920,924,927,931,934,938,941,945,948,952,955,959,962,966,969,973,976,980,983,987,990,994,997,1001,1004,1008,1011,1015,1019,1023,1027,1031,1035,1039,1043,1047,1051,1055,1059,1063,1067,1071,1075,1079,1083,1087,1091,1095,1099,1103,1107,1111,1115,1119,1123,1127,1131,1135,1139,1143,1147,1151,1155,1159,1163,1167,1171,1175,1179,1183,1187,1191,1195,1199,1203,1207,1211],{"title":215,"slug":216,"category":217,"order":218},"1956 有限合伙协议","1956-you-xian-he-huo-xie-yi","致股东信",1,{"title":220,"slug":221,"category":199,"order":218},"巴菲特：1951年最看好的股票：GEICO 保险","ba-fei-te-1951nian-zui-kan-hao-de-gu-piao-geico-bao-xian",{"title":223,"slug":224,"category":225,"order":218},"1994年伯克希尔股东大会","1994nian-bo-ke-xi-er-gu-dong-da-hui","股东大会",{"title":227,"slug":228,"category":217,"order":196},"1957 巴菲特致合伙人信","1957-ba-fei-te-zhi-he-huo-ren-xin",{"title":230,"slug":231,"category":199,"order":196},"巴菲特：1953年我最看好的股票：西部保险","ba-fei-te-1953nian-wo-zui-kan-hao-de-gu-piao-xi-bu-bao-xian",{"title":233,"slug":234,"category":225,"order":196},"1995年伯克希尔股东大会","1995nian-bo-ke-xi-er-gu-dong-da-hui",{"title":236,"slug":237,"category":217,"order":238},"1958 巴菲特致合伙人信","1958-ba-fei-te-zhi-he-huo-ren-xin",3,{"title":240,"slug":241,"category":199,"order":238},"巴菲特：1957年我最看好的股票：人寿保险","ba-fei-te-1957nian-wo-zui-kan-hao-de-gu-piao-ren-shou-bao-xian",{"title":243,"slug":244,"category":225,"order":238},"1996年伯克希尔股东大会","1996nian-bo-ke-xi-er-gu-dong-da-hui",{"title":246,"slug":247,"category":217,"order":248},"1959 巴菲特致合伙人信","1959-ba-fei-te-zhi-he-huo-ren-xin",4,{"title":250,"slug":251,"category":199,"order":248},"巴菲特：1957年最看好的股票：油气资产管理公司","ba-fei-te-1957nian-zui-kan-hao-de-gu-piao-you-qi-zi-chan-guan-li-gong-si",{"title":253,"slug":254,"category":225,"order":248},"1997年伯克希尔股东大会","1997nian-bo-ke-xi-er-gu-dong-da-hui",{"title":256,"slug":257,"category":217,"order":258},"1960 巴菲特致合伙人信","1960-ba-fei-te-zhi-he-huo-ren-xin",5,{"title":260,"slug":261,"category":199,"order":258},"巴菲特：1972年巴菲特谈喜诗糖果","ba-fei-te-1972nian-ba-fei-te-tan-xi-shi-tang-guo",{"title":263,"slug":264,"category":225,"order":258},"1998年伯克希尔股东大会","1998nian-bo-ke-xi-er-gu-dong-da-hui",{"title":266,"slug":267,"category":217,"order":268},"1961 巴菲特致合伙人信","1961-ba-fei-te-zhi-he-huo-ren-xin",6,{"title":270,"slug":271,"category":199,"order":268},"巴菲特：1974年击球啊,你这个笨蛋","ba-fei-te-1974nian-ji-qiu-a-ni-zhe-ge-ben-dan",{"title":273,"slug":274,"category":225,"order":268},"1999年伯克希尔股东大会","1999nian-bo-ke-xi-er-gu-dong-da-hui",{"title":276,"slug":277,"category":217,"order":278},"1961年中 巴菲特致合伙人信","1961nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",7,{"title":280,"slug":281,"category":199,"order":278},"巴菲特：1976年巴菲特谈GEICO","ba-fei-te-1976nian-ba-fei-te-tan-geico",{"title":283,"slug":284,"category":225,"order":278},"2000年伯克希尔股东大会","2000nian-bo-ke-xi-er-gu-dong-da-hui",{"title":286,"slug":287,"category":217,"order":288},"1962 巴菲特致合伙人信","1962-ba-fei-te-zhi-he-huo-ren-xin",8,{"title":290,"slug":291,"category":199,"order":288},"巴菲特：1976年怀念恩师格雷厄姆","ba-fei-te-1976nian-huai-nian-en-shi-ge-lei-e-mu",{"title":293,"slug":294,"category":225,"order":288},"2001年伯克希尔股东大会","2001nian-bo-ke-xi-er-gu-dong-da-hui",{"title":296,"slug":297,"category":217,"order":298},"1962年11月 巴菲特致合伙人信","1962nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",9,{"title":300,"slug":301,"category":199,"order":298},"巴菲特：1977年谈通货膨胀","ba-fei-te-1977nian-tan-tong-huo-peng-zhang",{"title":303,"slug":304,"category":225,"order":298},"2002年伯克希尔股东大会","2002nian-bo-ke-xi-er-gu-dong-da-hui",{"title":306,"slug":307,"category":217,"order":308},"1962年12月 巴菲特致合伙人信","1962nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",10,{"title":310,"slug":311,"category":199,"order":308},"巴菲特：1979年谈股市","ba-fei-te-1979nian-tan-gu-shi",{"title":313,"slug":314,"category":225,"order":308},"2003年伯克希尔股东大会","2003nian-bo-ke-xi-er-gu-dong-da-hui",{"title":316,"slug":317,"category":217,"order":318},"1962年中 巴菲特致合伙人信","1962nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",11,{"title":320,"slug":321,"category":199,"order":318},"巴菲特：1982年谈指数期货","ba-fei-te-1982nian-tan-zhi-shu-qi-huo",{"title":323,"slug":324,"category":225,"order":318},"2004年伯克希尔股东大会","2004nian-bo-ke-xi-er-gu-dong-da-hui",{"title":326,"slug":327,"category":217,"order":328},"1963 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巴菲特致股东信","1988-ba-fei-te-zhi-gu-dong-xin",59,{"title":725,"slug":726,"category":199,"order":723},"巴菲特：2005年对话堪萨斯大学学生","ba-fei-te-2005nian-dui-hua-kan-sa-si-da-xue-xue-sheng",{"title":728,"slug":729,"category":217,"order":730},"1989 巴菲特致股东信","1989-ba-fei-te-zhi-gu-dong-xin",60,{"title":732,"slug":733,"category":199,"order":730},"巴菲特：2005年对话范德比尔特大学学生","ba-fei-te-2005nian-dui-hua-fan-de-bi-er-te-da-xue-xue-sheng",{"title":735,"slug":736,"category":217,"order":737},"1990 巴菲特致股东信","1990-ba-fei-te-zhi-gu-dong-xin",61,{"title":739,"slug":740,"category":199,"order":737},"巴菲特：2006年与沃顿商学院学生问答","ba-fei-te-2006nian-yu-wo-dun-shang-xue-yuan-xue-sheng-wen-da",{"title":742,"slug":743,"category":217,"order":744},"1991 巴菲特致股东信","1991-ba-fei-te-zhi-gu-dong-xin",62,{"title":746,"slug":747,"category":199,"order":744},"巴菲特：2006年巴菲特慈善捐赠专访","ba-fei-te-2006nian-ba-fei-te-ci-shan-juan-zeng-zhuan-fang",{"title":749,"slug":750,"category":217,"order":751},"1992 巴菲特致股东信","1992-ba-fei-te-zhi-gu-dong-xin",63,{"title":753,"slug":754,"category":199,"order":751},"巴菲特：2006年慈善捐赠承诺","ba-fei-te-2006nian-ci-shan-juan-zeng-cheng-nuo",{"title":756,"slug":757,"category":217,"order":758},"1993 巴菲特致股东信","1993-ba-fei-te-zhi-gu-dong-xin",64,{"title":760,"slug":761,"category":199,"order":758},"巴菲特：2006年我为什么慷慨解囊","ba-fei-te-2006nian-wo-wei-shi-me-kang-kai-jie-nang",{"title":763,"slug":764,"category":217,"order":765},"1994 巴菲特致股东信","1994-ba-fei-te-zhi-gu-dong-xin",65,{"title":767,"slug":768,"category":199,"order":765},"巴菲特：2006年给全体经理人备忘录","ba-fei-te-2006nian-gei-quan-ti-jing-li-ren-bei-wang-lu",{"title":770,"slug":771,"category":217,"order":772},"1995 巴菲特致股东信","1995-ba-fei-te-zhi-gu-dong-xin",66,{"title":774,"slug":775,"category":199,"order":772},"巴菲特：2007年11月和比尔·盖茨、大学生对话实录（节目《富豪面对面》）","ba-fei-te-2007nian-11yue-he-bi-er-gai-ci-da-xue-sheng-dui-hua-shi-lu-jie-mu-fu-hao-mian-dui-mian",{"title":777,"slug":778,"category":217,"order":779},"1996 巴菲特致股东信","1996-ba-fei-te-zhi-gu-dong-xin",67,{"title":781,"slug":782,"category":199,"order":779},"巴菲特：2007年对话佐治亚大学学生","ba-fei-te-2007nian-dui-hua-zuo-zhi-ya-da-xue-xue-sheng",{"title":784,"slug":785,"category":217,"order":205},"1997 巴菲特致股东信","1997-ba-fei-te-zhi-gu-dong-xin",{"title":5,"slug":209,"category":199,"order":205},{"title":788,"slug":789,"category":217,"order":790},"1998 巴菲特致股东信","1998-ba-fei-te-zhi-gu-dong-xin",69,{"title":792,"slug":793,"category":199,"order":790},"巴菲特：2007年接受央视专访","ba-fei-te-2007nian-jie-shou-yang-shi-zhuan-fang",{"title":795,"slug":796,"category":217,"order":797},"1999 巴菲特致股东信","1999-ba-fei-te-zhi-gu-dong-xin",70,{"title":799,"slug":800,"category":199,"order":797},"巴菲特：2007年接受欧洲MBA学生专访（珍贵精彩实录）","ba-fei-te-2007nian-jie-shou-ou-zhou-mbaxue-sheng-zhuan-fang-zhen-gui-jing-cai-shi-lu",{"title":802,"slug":803,"category":217,"order":804},"2000 巴菲特致股东信","2000-ba-fei-te-zhi-gu-dong-xin",71,{"title":806,"slug":807,"category":199,"order":804},"巴菲特：2007年查理罗斯专访","ba-fei-te-2007nian-cha-li-luo-si-zhuan-fang",{"title":809,"slug":810,"category":217,"order":811},"2001 巴菲特致股东信","2001-ba-fei-te-zhi-gu-dong-xin",72,{"title":813,"slug":814,"category":199,"order":811},"巴菲特：2008年21 世纪经济领导者采访","ba-fei-te-2008nian-21-shi-ji-jing-ji-ling-dao-zhe-cai-fang",{"title":816,"slug":817,"category":217,"order":818},"2002 巴菲特致股东信","2002-ba-fei-te-zhi-gu-dong-xin",73,{"title":820,"slug":821,"category":199,"order":818},"巴菲特：2008年买入美国正当时","ba-fei-te-2008nian-mai-ru-mei-guo-zheng-dang-shi",{"title":823,"slug":824,"category":217,"order":825},"2003 巴菲特致股东信","2003-ba-fei-te-zhi-gu-dong-xin",74,{"title":827,"slug":828,"category":199,"order":825},"巴菲特：2008年对话IVEY 商学院学生","ba-fei-te-2008nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",{"title":830,"slug":831,"category":217,"order":832},"2004 巴菲特致股东信","2004-ba-fei-te-zhi-gu-dong-xin",75,{"title":834,"slug":835,"category":199,"order":832},"巴菲特：2008年对话商学院学生","ba-fei-te-2008nian-dui-hua-shang-xue-yuan-xue-sheng",{"title":837,"slug":838,"category":217,"order":839},"2005 巴菲特致股东信","2005-ba-fei-te-zhi-gu-dong-xin",76,{"title":841,"slug":842,"category":199,"order":839},"巴菲特：2008年对话瑞士洛桑国际管理学院","ba-fei-te-2008nian-dui-hua-rui-shi-luo-sang-guo-ji-guan-li-xue-yuan",{"title":844,"slug":845,"category":217,"order":846},"2006 巴菲特致股东信","2006-ba-fei-te-zhi-gu-dong-xin",77,{"title":848,"slug":849,"category":199,"order":846},"巴菲特：2008年怀念恩师格雷厄姆","ba-fei-te-2008nian-huai-nian-en-shi-ge-lei-e-mu",{"title":851,"slug":852,"category":217,"order":853},"2007 巴菲特致股东信","2007-ba-fei-te-zhi-gu-dong-xin",78,{"title":855,"slug":856,"category":199,"order":853},"巴菲特：2008年给保尔森的信","ba-fei-te-2008nian-gei-bao-er-sen-de-xin",{"title":858,"slug":859,"category":217,"order":860},"2008 巴菲特致股东信","2008-ba-fei-te-zhi-gu-dong-xin",79,{"title":862,"slug":863,"category":199,"order":860},"巴菲特：2008年解析经济危机","ba-fei-te-2008nian-jie-xi-jing-ji-wei-ji",{"title":865,"slug":866,"category":217,"order":867},"2009 巴菲特致股东信","2009-ba-fei-te-zhi-gu-dong-xin",80,{"title":869,"slug":870,"category":199,"order":867},"巴菲特：2008年财富杂志：沃伦之思","ba-fei-te-2008nian-cai-fu-za-zhi-wo-lun-zhi-si",{"title":872,"slug":873,"category":217,"order":874},"2010 巴菲特致股东信","2010-ba-fei-te-zhi-gu-dong-xin",81,{"title":876,"slug":877,"category":199,"order":874},"巴菲特：2009年CNBC 专访","ba-fei-te-2009nian-cnbc-zhuan-fang",{"title":879,"slug":880,"category":217,"order":881},"2011 巴菲特致股东信","2011-ba-fei-te-zhi-gu-dong-xin",82,{"title":883,"slug":884,"category":199,"order":881},"巴菲特：2009年对话六所商学院学生","ba-fei-te-2009nian-dui-hua-liu-suo-shang-xue-yuan-xue-sheng",{"title":886,"slug":887,"category":217,"order":888},"2012 巴菲特致股东信","2012-ba-fei-te-zhi-gu-dong-xin",83,{"title":890,"slug":891,"category":199,"order":888},"巴菲特：2009年对话哥大商学院学生","ba-fei-te-2009nian-dui-hua-ge-da-shang-xue-yuan-xue-sheng",{"title":893,"slug":894,"category":217,"order":895},"2013 巴菲特致股东信","2013-ba-fei-te-zhi-gu-dong-xin",84,{"title":897,"slug":898,"category":199,"order":895},"巴菲特：2009年恐慌是会传染的，我们必须做点什么","ba-fei-te-2009nian-kong-huang-shi-hui-chuan-ran-de-wo-men-bi-xu-zuo-dian-shi-me",{"title":900,"slug":901,"category":217,"order":902},"2014 伯克希尔的过去现在与未来","2014-bo-ke-xi-er-de-guo-qu-xian-zai-yu-wei-lai",85,{"title":904,"slug":905,"category":199,"order":902},"巴菲特：2009年收购BNSF 铁路","ba-fei-te-2009nian-shou-gou-bnsf-tie-lu",{"title":907,"slug":908,"category":217,"order":909},"2014 副董事长的思考","2014-fu-dong-shi-chang-de-si-kao",86,{"title":911,"slug":912,"category":199,"order":909},"巴菲特：2009年美元效应","ba-fei-te-2009nian-mei-yuan-xiao-ying",{"title":914,"slug":915,"category":217,"order":916},"2014 巴菲特致股东信","2014-ba-fei-te-zhi-gu-dong-xin",87,{"title":918,"slug":919,"category":199,"order":916},"教学方法期刊","ba-fei-te-2009nian-a-ke-lun-da-xue-shang-xue-yuan-wen-da-shi-lu",{"title":921,"slug":922,"category":217,"order":923},"2015 巴菲特致股东信","2015-ba-fei-te-zhi-gu-dong-xin",88,{"title":925,"slug":926,"category":199,"order":923},"巴菲特：2010年\"捐赠誓言\"计划","ba-fei-te-2010nian-juan-zeng-shi-yan-ji-hua",{"title":928,"slug":929,"category":217,"order":930},"2016 巴菲特致股东信","2016-ba-fei-te-zhi-gu-dong-xin",89,{"title":932,"slug":933,"category":199,"order":930},"巴菲特：2010年CNBC 专访","ba-fei-te-2010nian-cnbc-zhuan-fang",{"title":935,"slug":936,"category":217,"order":937},"2017 巴菲特致股东信","2017-ba-fei-te-zhi-gu-dong-xin",90,{"title":939,"slug":940,"category":199,"order":937},"巴菲特：2010年与罗克国度创始人、福布斯主编对谈","ba-fei-te-2010nian-yu-luo-ke-guo-du-chuang-shi-ren-fu-bu-si-zhu-bian-dui-tan",{"title":942,"slug":943,"category":217,"order":944},"2018 巴菲特致股东信","2018-ba-fei-te-zhi-gu-dong-xin",91,{"title":946,"slug":947,"category":199,"order":944},"巴菲特：2010年央视财经采访","ba-fei-te-2010nian-yang-shi-cai-jing-cai-fang",{"title":949,"slug":950,"category":217,"order":951},"2019 巴菲特致股东信","2019-ba-fei-te-zhi-gu-dong-xin",92,{"title":953,"slug":954,"category":199,"order":951},"巴菲特：2010年对话IVEY 商学院学生","ba-fei-te-2010nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",{"title":956,"slug":957,"category":217,"order":958},"2020 巴菲特致股东信","2020-ba-fei-te-zhi-gu-dong-xin",93,{"title":960,"slug":961,"category":199,"order":958},"巴菲特：2010年慈善中国行","ba-fei-te-2010nian-ci-shan-zhong-guo-xing",{"title":963,"slug":964,"category":217,"order":965},"2021 巴菲特致股东信","2021-ba-fei-te-zhi-gu-dong-xin",94,{"title":967,"slug":968,"category":199,"order":965},"巴菲特：2010年给全体经理人备忘录","ba-fei-te-2010nian-gei-quan-ti-jing-li-ren-bei-wang-lu",{"title":970,"slug":971,"category":217,"order":972},"2022 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