[{"data":1,"prerenderedAt":3077},["ShallowReactive",2],{"library-duanyongping-2007nianyubafeitegongjinwucanhouwangyizhuanfang":3,"library-sidebar-buffett":1547,"library-sidebar-dao":2552,"library-sidebar-models":2845},{"id":4,"title":5,"body":6,"category":1533,"date":1534,"description":1535,"extension":1536,"meta":1537,"navigation":1538,"order":1539,"path":1540,"seo":1541,"seoDescription":1535,"seoTitle":1542,"slug":1543,"stem":1544,"__hash__":1545,"_collection":1546},"dao\u002Fdao\u002Fspeeches\u002Fduanyongping-2007nianyubafeitegongjinwucanhouwangyizhuanfang.md","2007年与巴菲特共进午餐后网易专访",{"type":7,"value":8,"toc":1529},"minimark",[9,25,42,52,70,77,80,83,92,103,114,122,131,137,140,149,152,157,168,177,183,189,204,223,228,231,243,253,270,276,281,289,294,300,303,306,309,319,333,341,350,366,388,394,408,421,430,439,445,450,453,456,485,488,500,506,517,522,525,528,544,550,568,571,577,588,593,596,619,637,643,651,656,665,679,710,725,734,752,761,767,770,795,803,819,831,834,839,855,858,863,871,876,879,882,885,893,904,928,945,948,951,954,959,967,984,987,1001,1004,1013,1018,1026,1031,1034,1037,1040,1058,1068,1082,1096,1115,1124,1129,1137,1157,1166,1177,1182,1206,1209,1242,1249,1261,1266,1272,1275,1278,1292,1297,1305,1327,1330,1337,1343,1346,1357,1360,1363,1366,1369,1376,1387,1392,1395,1426,1429,1446,1452,1469,1475,1489,1507,1510,1513,1516,1519,1524],[10,11,12,16,17,20,21,24],"p",{},[13,14,15],"strong",{},"段永平","：2007年与",[13,18,19],{},"巴菲特","共进午餐后",[13,22,23],{},"网易","专访",[10,26,27,28,30,31,20,33,35,36,41],{},"2007",[13,29,15],{},"与",[13,32,19],{},[13,34,23],{},"专访：对",[37,38,40],"a",{"href":39},"\u002Flibrary\u002Fjiazhitouzi","价值投资","不能急，不能躁",[43,44,46,19,49],"h1",{"id":45},"见巴菲特前做了什么准备",[13,47,48],{},"见",[13,50,51],{},"前做了什么准备",[10,53,54,57,58,60,61,63,64,66,67,69],{},[13,55,56],{},"Q1","、",[13,59,23],{},"财经：在和您会面之前，",[13,62,19],{},"在接受美国媒体采访时笑着说：“听他的情况介绍，感觉他是个一流的人，我盼望着见到他”。可以看出",[13,65,19],{},"对与你的会面保持了很高的期望，那您在与",[13,68,19],{},"会面之前是否做过一些特别的准备呢？",[10,71,72,76],{},[13,73,74],{},[13,75,15],{},"：其实也没有太多。会面之前我们通过一、两次电子邮件，介绍了一下我的情况。原来会面的时间是定在去年，但在今年5月份才见面。",[10,78,79],{},"原因主要是当时他在纽约，比较忙，而且是冬天，我自己也不太愿意去，所以我跟他商量能不能时间往后安排，最终确定在5月6号他开完股东大会。",[10,81,82],{},"这对我来说也很好，我可以多花一些时间提高我的英语，因为他老人家不讲中文，我得讲英语。",[43,84,86,19,88,91],{"id":85},"与巴菲特聚餐的期待-我的投资理念最早来自巴菲特",[13,87,30],{},[13,89,90],{},"聚餐的期待 “我的投资理念最早来自","巴菲特**”**",[10,93,94,57,97,99,100,102],{},[13,95,96],{},"Q2",[13,98,23],{},"财经：你花62万美元竞投",[13,101,19],{},"这次聚餐，是否对这次聚会有些特别的期待？",[10,104,105,113],{},[13,106,107,109,110,19],{},[13,108,15],{},"：",[13,111,112],{},"准确地讲我没有花一分钱，整个晚餐也没有花钱，唯一花钱的是","，因为小费是他给的。这个午餐实际上是个拍卖会，也没说花多少钱吃饭，跟吃饭也没太多的关系。严格的讲，这此会面是个慈善募捐活动。",[10,115,116,118,119,121],{},[13,117,19],{},"的太太在格莱德基金会做义工做了15-20年，做到15年的时候，她跟基金会领导介绍说她是",[13,120,19],{},"的太太。",[10,123,124,125,127,128,130],{},"当时对方差点晕倒，认识15年都不知道这个情况。后来她把",[13,126,19],{},"介绍给这位基金领导，后来",[13,129,19],{},"用午餐拍卖的方式帮基金募集资金，用这种形式支持他太太。老美确实很有意思，非常低调。",[10,132,133,134,136],{},"我算过",[13,135,19],{},"的身价，按每年200天来计算，他每个小时的价值是300万美金，我们吃了三个小时，那就是900万美金。",[10,138,139],{},"所以花多少钱才能请他吃饭呢？如果用60万单纯请他吃一次饭，他应该不会去的。",[10,141,142,143,145,146,148],{},"我见",[13,144,19],{},"不是一、二次，这次会面也没有特别企盼什么。但是对于我来讲，面对面的聊天也是很难的机会。一方面，我的投资理念就来自",[13,147,19],{},"，有些东西如果当面聊一聊可能会有收获。",[10,150,151],{},"从另一个角度讲，支持他的慈善事业也是应该的。而且我太太和我每年都要做很多慈善事业，这个午餐连我们捐赠的十分之一都不到。",[43,153,155],{"id":154},"投资就像打高尔夫",[13,156,154],{},[10,158,159,57,162,164,165,167],{},[13,160,161],{},"Q3",[13,163,23],{},"财经：通过这次会面，你从",[13,166,19],{},"那里有什么收获？",[10,169,170,171,173,174,176],{},"**",[13,172,15],{},"：**首先，",[13,175,19],{},"精彩的东西都说过了，有很多人看，关键是看完之后能否理解和接受。",[10,178,179,180,182],{},"我跟",[13,181,19],{},"通电子邮件的时候，我说明了参加他的慈善事业竞投的原因，主要是想说一声“感谢”。因为确实是看了他的东西之后我才下决心做投资的。",[10,184,185,186,188],{},"以前我对投资的理解很含糊，当时跟很多人的想法一样，认为股市是一个赌场，有很多不确定东西在里面，投下去就睡不着觉，很紧张。直到了解",[13,187,19],{},"之后，我才对投资有豁然开朗的心情。",[10,190,191,192,195,196,203],{},"我在电子邮件里说，我跟他学到的最重要的东西是：",[13,193,194],{},"买股票就像买一个公司的一部分","，",[13,197,198,199],{},"买股票就要",[37,200,202],{"href":201},"\u002Flibrary\u002Fzhangqichiyou","长期持有","。",[10,205,206,208,209,195,216,195,219,222],{},[13,207,19],{},"跟我回信说：“",[13,210,211,212,215],{},"你说的就是我当年跟本杰明.",[13,213,214],{},"格雷厄姆","学的",[13,217,218],{},"正是这个理念改变了我的看法",[13,220,221],{},"影响了我的一生","。”",[10,224,225,227],{},[13,226,19],{},"没有直接跟我说这个东西是好是坏，但说他因为学到了这一点而得到了很多。言下之意就是我的思想跟他很接近了。",[10,229,230],{},"这次聊天虽然只有3个小时左右，但聊的范围很广泛，我们谈到了投资、做慈善、谈到高尔夫，谈到桥牌，谈到女朋友，什么都谈。",[10,232,233,234,195,237,195,240,203],{},"比如说投资，我问了一个很小的问题，我问他犯过哪些错误？他说他犯了很多错误，比如",[13,235,236],{},"说10多年投资一家公司",[13,238,239],{},"本来只值4个亿",[13,241,242],{},"但他用了40亿",[10,244,245,246,195,249,252],{},"现在这家公司的价值是零，已经破产了。",[13,247,248],{},"投资犯错不可怕",[13,250,251],{},"最重要的是少犯错","，而且也不是说某一个项目做得漂亮就行。",[10,254,255,195,257,195,260,203,263,195,266,269],{},[13,256,154],{},[13,258,259],{},"要是每一个都打得很好",[13,261,262],{},"那就不好玩了",[13,264,265],{},"高尔夫主要是要看整个成绩",[13,267,268],{},"而不是看某一个部分","。大部分人都更关注为什么你这一杆打得这么好，其实高尔夫是用全场来计算你的成绩。",[10,271,272,273,275],{},"我们有时候过于注重某个案子的成败，过于紧张，往往忽略了整体的东西。",[13,274,19],{},"这方面说得很清楚。",[43,277,279],{"id":278},"股市投资没有任何新东西",[13,280,278],{},[10,282,283,57,286,288],{},[13,284,285],{},"Q4",[13,287,23],{},"财经：您刚刚谈到3个小时的交流主题是非常广泛的，那么有没有聊到什么新的东西可以和大家分享？",[10,290,170,291,293],{},[13,292,15],{},"：**我可以肯定的说，没有任何新东西。如果有什么新东西，60多万美元就卖了，也太便宜了。",[10,295,296,297,299],{},"股市很有意思，没有什么新东西。可能因为这",[13,298,19],{},"没有写过一本书。会面时我还问了他，他说终于有人帮他写了一本书，花了5年的时间，明年就可以出版了。",[10,301,302],{},"书的内容主要是关于如何投资，投资的原理非常简单，没有什么新的东西，只是如何理解它，如何建立自己的技能，如何不犯大错。",[10,304,305],{},"我们还聊了我们公司的情况。我们公司这么多年做的也不错，但是我们不想上市，我觉得上市对我们不好。",[10,307,308],{},"他就说，他有一个朋友宁愿放弃自己一半的身价，让公司恢复到私有的形态。这对我来说很震撼，对于上市是否是一个错误，他没有肯定或者否定，但是从很侧面的角度给了我很大的肯定。",[43,310,312,313],{"id":311},"巴菲特很风趣-价值投资不能急不能躁","****巴菲特",[13,314,315,316,318],{},"很风趣 ",[37,317,40],{"href":39},"不能急不能躁",[10,320,321,57,324,326,327,329,330,332],{},[13,322,323],{},"Q5",[13,325,23],{},"财经：您给",[13,328,23],{},"财经提供了几张独家照片，我想知道，相片中",[13,331,19],{},"跟您正在交流什么？",[10,334,170,335,337,338,340],{},[13,336,15],{},"：**第一张照片，我可以给你们讲，就是开玩笑，就是做了一个姿势。他就在附在我耳边，说给小费的事情，其实什么都没讲。第二个就是把他的钱包拿出来，拍了一张照。",[13,339,19],{},"很风趣，不像大家想的那样有什么特别的地方。",[10,342,343,344,346,347,349],{},"Q6、",[13,345,23],{},"财经： 在您眼中，真实的",[13,348,19],{},"与媒体刻划的“股神”有什么不同的地方？",[10,351,352,359,360,362,363,365],{},[13,353,354,109,356,19],{},[13,355,15],{},[13,357,358],{},"我不知道你心目中媒体刻划的","是什么样，我见到的",[13,361,19],{},"和我想象中的",[13,364,19],{},"没有太大区别，我觉得他就是一个普通人。他对这个事务的理解非常深刻，是比较聪明敏锐的人，看人、看事情长远性都非常好。",[10,367,368,369,57,372,203,375,195,378,381,382,195,385,203],{},"而且这个人非常朴实，并不像什么有三头六臂的人物。",[13,370,371],{},"他给我的印象是非常低调",[13,373,374],{},"谦虚",[13,376,377],{},"我们平时见到一些富有的人都是趾高气扬的",[13,379,380],{},"但是他没有那样","。****巴菲特",[13,383,384],{},"在大家的想象中应该是前仆后拥的",[13,386,387],{},"其实他没有",[10,389,390,391,393],{},"如果说",[13,392,19],{},"有什么特别的东西？其实他已经早就说了，包括他给股民的信里都说得很清楚。但是听他用很精辟的话说出来感受还是不一样。",[10,395,312,396,195,399,195,402,195,405,203],{},[13,397,398],{},"不会跟你讲废话",[13,400,401],{},"他把他体会最深的东西会讲给你",[13,403,404],{},"我则要慢慢琢磨",[13,406,407],{},"他说的话会让人心里更坚定的",[10,409,410,411,195,417,420],{},"我们有聊天记录，我记忆比较深的一句话是：",[13,412,413,414,416],{},"对",[37,415,40],{"href":39},"不能急",[13,418,419],{},"不能躁","。有时候我在翻来看看，就觉得这句话很有意思。",[10,422,423,424,195,427,222],{},"我后来给他回了一封信，用中国话来讲：“",[13,425,426],{},"听君一席话",[13,428,429],{},"胜读十年书",[43,431,433,195,436],{"id":432},"相对我自己而言我已经做得很好",[13,434,435],{},"相对我自己而言",[13,437,438],{},"我已经做得很好",[10,440,441,442,444],{},"Q7、",[13,443,23],{},"财经：这次会面最触动您的是什么？",[10,446,170,447,449],{},[13,448,15],{},"：**我这个人本身是很麻木的，很少有什么特别感动的事情。",[10,451,452],{},"如果非要说有，就是他最后离开的时候，他的司机开了一辆特别像卡车的车过来，像美国最普通蓝领开的车，他老人家身手矫健的爬了进去，这让我印象非常深刻。",[10,454,455],{},"我虽然知道这个人不是个奢侈的人，但是也没想他开这种车来。他家我也去过，他的房子不是豪宅，只是一个很普通的房子（美国人都是这样的）他的房子座落在一大堆中产阶级房子中间，但是他的车对我还是有一些触动。",[10,457,312,458,195,461,195,464,195,467,195,470,203,473,195,476,203,479,195,482,203],{},[13,459,460],{},"值得学的东西的确非常多",[13,462,463],{},"这么成就的人",[13,465,466],{},"可以这么谦虚",[13,468,469],{},"这么平实",[13,471,472],{},"这么和蔼",[13,474,475],{},"他的幽默我们不一定可以学会",[13,477,478],{},"但是谦虚总可以学得会",[13,480,481],{},"所以",[13,483,484],{},"我觉得还是很触动的",[10,486,487],{},"回去我太太也这么对我讲：“你要学的东西还很多。”我说，对啊，确实是这样。我们见到有钱人很多，但是见过他这种平实的人很少。",[10,489,490,491,195,494,195,497,203],{},"我回国之后，看到一些稍微有点钱的人非常飞扬跋扈，包括吃饭，对服务员的态度，差异都非常大。****巴菲特",[13,492,493],{},"对服务员的态度就非常好",[13,495,496],{},"这不是做给我看的",[13,498,499],{},"他不需要做给我看",[43,501,312,503],{"id":502},"巴菲特让我找到更好的心态",[13,504,505],{},"让我找到更好的心态",[10,507,508,57,511,513,514,516],{},[13,509,510],{},"Q8",[13,512,23],{},"财经：您这次有没有特别准备了一些问题，",[13,515,19],{},"当时是怎么回答的？",[10,518,170,519,521],{},[13,520,15],{},"：**有，但是我没有问，因为他答别的问题的时候，我发现那些问题不需要问。",[10,523,524],{},"原来我在媒体也讲过，我想问的问题是：“我们做股票经常会碰到这样的情况，有时发现一个好的目标，手里没有钱；",[10,526,527],{},"有时手里有很多钱，又没有目标的时候，这种情况下你是什么样的心态？\"",[10,529,530,531,195,534,195,537,203,540,543],{},"其实答案我是知道的，",[13,532,533],{},"有钱没目标就没办法",[13,535,536],{},"有目标没钱也没办法",[13,538,539],{},"但是心里面会着急",[13,541,542],{},"我就很想知道他是一个怎么样的心态","。他说了一些事之后，我觉得没必要问了。",[10,545,546,547,549],{},"当你问一些其他的问题时，",[13,548,19],{},"就间接的回答了这个问题，比如说没钱有目标的，是否能借钱做股票投资等等。",[10,551,552,195,555,57,558,195,561,564,565,203],{},[13,553,554],{},"他说他只希望富一次",[13,556,557],{},"如果借钱可能会变成两次",[13,559,560],{},"三次富有了",[13,562,563],{},"然后又穷回去了","。他这话的意思是要",[13,566,567],{},"少犯错",[10,569,570],{},"我投资之后，白发比原来多了不少，有时候确实很紧张。跟他聊完之后，心情有很大的不一样的感觉。",[43,572,312,574],{"id":573},"巴菲特如何回避风险",[13,575,576],{},"如何回避风险",[10,578,579,57,582,584,585,587],{},[13,580,581],{},"Q9",[13,583,23],{},"财经：",[13,586,19],{},"也说自己犯过错误，如果遇到问题他会怎么办？",[10,589,170,590,592],{},[13,591,15],{},"：**如果他回避了就不叫“风险”。如果已经碰上了，他投资是对价值的认定，他认为这个东西值1块，如果有人卖6毛，他就买。",[10,594,595],{},"那如果掉到5毛怎么办，他肯定会继续大量买。倒过来讲，1块钱的东西涨了10块钱他会卖掉，不会涨到9块钱还追买。",[10,597,598,599,195,604,195,610,195,613,195,616,203],{},"看很多人讲：“买高，卖得更高。”，",[13,600,601,603],{},[37,602,40],{"href":39},"的概念是“低买高卖”",[13,605,606,607,609],{},"真正的",[37,608,40],{"href":39},"者卖的机会不多",[13,611,612],{},"真正想持有的话",[13,614,615],{},"很多股票很少有很严重的超值情况",[13,617,618],{},"因此没必要卖",[10,620,621,195,624,381,627,195,630,633,634,636],{},[13,622,623],{},"但是有些股票严重超值",[13,625,626],{},"考虑到税收都可以接受的话才可以卖",[13,628,629],{},"说过",[13,631,632],{},"最理想的股票是可以不卖的","。 当然他也卖过很多股票，有人说",[13,635,19],{},"从来不卖，这是不对的。",[43,638,640],{"id":639},"是否谈及了中国股市",[13,641,642],{},"是否谈及了中国股市？",[10,644,645,57,648,650],{},[13,646,647],{},"Q10",[13,649,23],{},"财经：你们在聊天过程中是否涉及到中国股市？",[10,652,170,653,655],{},[13,654,15],{},"：**没有，没有人提这个问题，自己也没有提这些问题，以我的理解，问不出什么东西来。",[43,657,659,19,662],{"id":658},"学巴菲特就意味着不能炒短线",[13,660,661],{},"学",[13,663,664],{},"就意味着不能炒短线",[10,666,667,57,670,672,673,675,676,678],{},[13,668,669],{},"Q11",[13,671,23],{},"财经：现在模仿",[13,674,19],{},"的人很多，但是",[13,677,19],{},"只有一个，您认为这个问题出在什么地方？",[10,680,681,688,689,691,692,694,695,697,698,700,701,703,704,706,707,709],{},[13,682,683,109,685,19],{},[13,684,15],{},[13,686,687],{},"这没什么问题，你也可以起名叫","。你对",[13,690,19],{},"的定义是什么？",[13,693,19],{},"是",[37,696,40],{"href":39},"者，",[37,699,40],{"href":39},"者也不是",[13,702,19],{},"一个人，我认为",[13,705,19],{},"是非常好的有",[37,708,40],{"href":39},"理念的人，他坚持的时间长，他有足够的时间展现他的能力。",[10,711,712,713,715,716,718,719,721,722,724],{},"有些人，像他的老师",[13,714,214],{},"，对",[37,717,40],{"href":39},"的分析非常到位，非常清楚。像",[13,720,19],{},"讲的，",[13,723,214],{},"写出了迄今为止他看到的最好的一本书。",[10,726,727,728,730,731,733],{},"但是",[13,729,214],{},"自己做投资并不多，我想跟他是教授的身份有很大的关系，但这样不等于说他就不是",[37,732,40],{"href":39},"者，最早的理念就是从他这里出来的。",[10,735,312,736,195,739,195,742,195,745,748,749,203],{},[13,737,738],{},"讲",[13,740,741],{},"这个人是最典型的“前人栽树",[13,743,744],{},"后人乘凉”",[13,746,747],{},"他把价值理念很完整的阐述出来","，****巴菲特",[13,750,751],{},"是树下乘凉的人",[10,753,754,755,757,758,760],{},"寻找",[13,756,19],{},"，我个人认为，中国的大环境还没有到能够产生",[13,759,19],{},"这样的人的地步，可能还需要很多年。因为整个股市的完善需要时间，大家的心态，所受的教育、对投资的理解，整体的理解差异还不是很大。",[10,762,763,764,766],{},"我在美国见过很多的普通投资者，他们对",[37,765,40],{"href":39},"的理解都非常深刻，比如说我的一个家教，教我英语的，他这次也参与了对话。",[10,768,769],{},"回国后，我跟大家聊的时候，哪怕是已经做得很大很有名的人，聊起来都会让我哭笑不得。",[10,771,772,773,775,776,778,779,195,782,195,785,195,788,791,792,794],{},"比如，他会找到一些“短线",[13,774,19],{},"”，这很搞笑，因为",[13,777,19],{},"意味着不能短线。我举个例子，",[13,780,781],{},"我回报最快的是2个小时赚了50倍",[13,783,784],{},"去赌场赚的",[13,786,787],{},"这不叫投资",[13,789,790],{},"这叫赌博","。所以你不能说我这两个小时的表现比",[13,793,19],{},"好，这样大家听起来就很晕。",[43,796,798],{"id":797},"价值投资没有地域特色",[13,799,800,802],{},[37,801,40],{"href":39},"没有地域特色",[10,804,805,57,808,810,811,813,814,816,818],{},[13,806,807],{},"Q12",[13,809,23],{},"财经：您心目中的",[37,812,40],{"href":39},"理念与",[13,815,19],{},[37,817,40],{"href":39},"理念相比，是否有中国特色？",[10,820,170,821,823,824,195,827,830],{},[13,822,15],{},"：**没有，",[13,825,826],{},"价值都是一样",[13,828,829],{},"最大的问题是你能否搞懂","。如果非要说说有特色的话，那是每个人的背景和条件不同。",[10,832,833],{},"比如说你的钱不是自由流通的，人不是国际化的，会受地域的限制。如果我是国际化的人，任何语言我都会，比如说印度的股市好，你会投吗？我肯定不会，因为不懂。",[10,835,836,838],{},[13,837,19],{},"也在中国做了一些投资，比如说买中石油，那是因为他搞懂了，他有足够的时间克服各种障碍。",[10,840,841,842,844,845,847,848,851,852,854],{},"比如说，",[13,843,23],{},"他就搞不懂，他就不会投，他不但不投",[13,846,23],{},"，他也不会投",[13,849,850],{},"Google","。有一次他打探",[13,853,850],{},"，但是他没有投，想来想去他没有搞懂，所以他没有买。",[10,856,857],{},"你非要问有什么特色？就是我的英语不好，我投的中国公司比较多。我也投美国公司，投资里的几家美国公司还表现得非常好，也有40倍，50倍的收益。这种情况是因为我不需要很长的语言背景，有一些基本的语言背景就可以理解这些企业。",[43,859,861],{"id":860},"没有追加中国股市投资",[13,862,860],{},[10,864,865,57,868,870],{},[13,866,867],{},"Q13",[13,869,23],{},"财经：您刚才说到“只投资自己看的明白的项目，投资中国公司比较多”您是否会加大A股或H股的投资？",[10,872,170,873,875],{},[13,874,15],{},"：**我肯定是没有，其实我的观点很含蓄，我认为现在很难找到值得花大力气买的股票，两年前确实有，现在确实难以找到，现在哪怕有一定价值都被挖掘出来了，全民在搞，有什么搞不出来？",[10,877,878],{},"如果一个太热的东西，大家都知道能赚钱，往往有难度。像我们这个行业，可能是自己擅长做。",[10,880,881],{},"像股票这个行业，如果你在玩就无所谓，如果你放了很多身家在里面，我认为还是安全为重。",[10,883,884],{},"至少不要因为这个事情搞到有一天跟儿子讲：“对不起，儿子，你上学的钱都被老爸赔光了。”我知道很多人股票赚了很多钱，但是我认为不要借钱炒股。",[43,886,888],{"id":887},"投资只有一种玩法价值投资",[13,889,890,891],{},"投资只有一种玩法：",[37,892,40],{"href":39},[10,894,895,57,898,900,901,903],{},[13,896,897],{},"Q14",[13,899,23],{},"财经：目前中国股市上，很多人觉得搞",[37,902,40],{"href":39},"赚钱太慢了，你怎么看？",[10,905,906,57,916,57,919,195,922,195,925,203],{},[13,907,908,109,910,913,915],{},[13,909,15],{},[13,911,912],{},"这话很对，我也很想快赚钱，他们会快赚钱，他们以前都干什么了？",[37,914,40],{"href":39},"的概念是5年",[13,917,918],{},"10年",[13,920,921],{},"20年",[13,923,924],{},"不是5天",[13,926,927],{},"10天",[10,929,930,931,195,934,939,940,944],{},"股市中大家在玩不同的游戏，但",[13,932,933],{},"投资这个游戏其实只有一个玩法",[13,935,936,937],{},"就是“",[37,938,40],{"href":39},"”。",[37,941,943],{"href":942},"\u002Flibrary\u002Ftouji","投机","则有不同的玩法，到赌场有很多玩法，可以玩“大小”等等，什么都可以玩，这个钱来得当然快。",[10,946,947],{},"但是这样钱来得快，去得也快。像这个疯狂的股市的结果，在美国等很多国家都发生了，在中国也不是没发生过，再发生也可能很快。",[10,949,950],{},"现在无非是个时间问题，最终的结果大家都知道，只是具体到来的时间谁都不知道。",[10,952,953],{},"如果大家知道这个股市后天会掉下来，大家提前都卖光了，股市一下子就掉下来了。其实我们对于股市短线走势谁都不知道。",[43,955,957],{"id":956},"股东如何考察管理层",[13,958,956],{},[10,960,961,57,964,966],{},[13,962,963],{},"Q15",[13,965,23],{},"财经：有位网友问，作为小股东，如何考察公司？",[10,968,969,195,977,980,981,203],{},[13,970,971,109,973,976],{},[13,972,15],{},[13,974,975],{},"我个人认为，你应该","投资你能搞得懂的公司",[13,978,979],{},"要事先考察","。小投资者也可以有很多途径了解上市公司，比如",[13,982,983],{},"观察公司的产品",[10,985,986],{},"以前有一家公司，我就看不懂，他的饮料投了这么大的广告，问所有人，都说没喝过，最后确实没做起来。",[10,988,989,195,992,195,995,195,998,203],{},[13,990,991],{},"作为小股东来讲",[13,993,994],{},"做大投资确实要慎重",[13,996,997],{},"但一旦找到好的东西",[13,999,1000],{},"不要轻易放掉",[10,1002,1003],{},"我看到很多小股民来回换股票，10年回来之后，除了他自己没有赚钱，别人都赚钱了。最终90%以上的投资者，投在股市上的钱都比放在银行拿利息要少。",[10,1005,1006,1007,195,1010,203],{},"所以我觉得小股东找到一个好股票，一直拿着，可能就能够赚钱。",[13,1008,1009],{},"股票一定要少换",[13,1011,1012],{},"不要道听途说",[43,1014,1016],{"id":1015},"不做专业的炒股人",[13,1017,1015],{},[10,1019,1020,57,1023,1025],{},[13,1021,1022],{},"Q16",[13,1024,23],{},"财经：有网友问，如果想全职做投资，大概多少钱开始合适，原始资产是年收入的10倍时，是否合适做投资？",[10,1027,170,1028,1030],{},[13,1029,15],{},"：**这个问题我确实不知道如何回答，全职投资是什么意思？（主持人：就是职业投资者。）",[10,1032,1033],{},"我不知道他说薪水的10倍是什么概念，假如是12万，你做一年的投资，能不能保证你有12万的回报，很难说。不管你有多少钱，我都劝你不做职业投资者，股票炒来炒去很危险。如果专业投资做一个基金的管理员，这个是可以的，因为它本身有收入。",[10,1035,1036],{},"很多时候你的股票并不是特别好，只是因为大家都涨所以你才涨，赚钱的原因不是因为你很懂股市。现在多数人看图看线做股票早晚要出问题，因为大家看的是一张图一条线，你凭什么能够赚到钱。",[10,1038,1039],{},"美国的股市平均PE只有15倍左右，中国的现在报道是50-60倍，美国的标准普尔是15倍，随着资本逐渐自由流动，总会有人把60倍的PE的股票卖掉投资到15倍的股票里面，所以只要市场足够长期，一定会回来。大家可以想像如果从60倍回到15倍是什么概念？",[10,1041,1042,1043,1045,1046,195,1049,195,1052,195,1055,203],{},"具体这个回归过程有多长时间不知道，有人跟我讲，",[13,1044,19],{},"曾经说过是4年，他没有见过超过4年。在我的经验上是没有超过3年的；",[13,1047,1048],{},"我认为一个有价值的股票",[13,1050,1051],{},"不到3年都会反映它的实际价值",[13,1053,1054],{},"那些我认为有大问题的公司",[13,1056,1057],{},"3-4年都会回到实际的价值",[43,1059,1061,1064,1065],{"id":1060},"怎么看步步高的前景",[13,1062,1063],{},"怎么看","步步高",[13,1066,1067],{},"的前景",[10,1069,1070,57,1073,1075,1076,1078,1079,1081],{},[13,1071,1072],{},"Q17",[13,1074,23],{},"财经：有一位网友非常关心您的公司",[13,1077,1064],{},"，段总，您怎么看",[13,1080,1064],{},"的前景？",[10,1083,1084,1089,1090,1092,1093,1095],{},[13,1085,1086,1088],{},[13,1087,15],{},"：****步步高","不是我个人的，我只是",[13,1091,1064],{},"创始人之一，我现在不担任",[13,1094,1064],{},"的任何具体行政任务，我不知道他们现在具体卖什么，当然大的方面我知道。",[10,1097,1098,195,1101,195,1104,195,1107,1110,1111,1114],{},[13,1099,1100],{},"我认为我们公司非常了解消费者的需求",[13,1102,1103],{},"我不敢说我们的公司做成怎么样",[13,1105,1106],{},"我认为只要这个行业还在",[13,1108,1109],{},"我们就会存在","。我早年就说过，我们会成为这个行业里面最后倒下来的公司。我们在企业核心价值观里面说：",[13,1112,1113],{},"我们要成为追求更健康最长久的企业","，而不是追求眼前的利益。",[10,1116,1117,1118,195,1121,203],{},"我一年99%的时间在美国，人家说我“遥控”企业发展，我说我家里没有遥控，不可能遥控的。我家里只有电视机的遥控。****步步高",[13,1119,1120],{},"主要是靠自己经营的团队来运作",[13,1122,1123],{},"我觉得我们企业是我们国内比较少见的健康的企业",[43,1125,1127],{"id":1126},"买股票就是买公司",[13,1128,1126],{},[10,1130,1131,57,1134,1136],{},[13,1132,1133],{},"Q18",[13,1135,23],{},"财经：一位网友问您对投资最深的体会是什么？",[10,1138,1139,1144,1145,1147,1148,1150,1151,1153,1154,1156],{},[13,1140,1141,1143],{},[13,1142,15],{},"：买股票跟你买公司是一样","。现在",[13,1146,23],{},"是22亿市值，现金是5亿，因此投资决策就是：你有18亿美金现金愿意买股票吗？你花18亿买",[13,1149,23],{},"，你要想",[13,1152,23],{},"要多久能挣回这18亿，如果1万年那就算了。如果我今天买了，想着明天有机会就卖，这就是",[37,1155,943],{"href":942},"了；如果说是我买了1千股，出了什么问题就可以跑，这只是一个游戏；比如说我有一个朋友说，我买了一个几十块的东西，要跑还是跑得掉的，所有人都是这样想的。",[43,1158,1160],{"id":1159},"如何转变成价值投资者",[13,1161,1162,1163,1165],{},"如何转变成",[37,1164,40],{"href":39},"者",[10,1167,1168,57,1171,1173,1174,1176],{},[13,1169,1170],{},"Q19",[13,1172,23],{},"财经：有一位网友说，我是一个短线投资客，怎么转变成",[37,1175,40],{"href":39},"者？",[10,1178,170,1179,1181],{},[13,1180,15],{},"：**这是一个不同的游戏，短线没有什么错，这是好玩。去澳门不等于错，但是去澳门不是挣钱，而是玩，挣了钱很高兴，亏了也一定要亏得起，因此我不要网友卖房子炒股。",[10,1183,1184,195,1187,195,1194,195,1197,195,1200,195,1203,203],{},[13,1185,1186],{},"如果你是长线投资",[13,1188,1189,1190],{},"你就会有很好的",[37,1191,1193],{"href":1192},"\u002Flibrary\u002Fnaixin","耐心",[13,1195,1196],{},"有潜心的研究",[13,1198,1199],{},"完全是另外一种游戏",[13,1201,1202],{},"如何转变我不知道",[13,1204,1205],{},"其实最重要的问题是你愿不愿意玩这个游戏",[10,1207,1208],{},"很多人愿意去澳门，我已经十多年没有去过澳门了，我以前记得在赌场有人喊，我觉得这是一种乐趣。",[10,1210,1211,195,1214,1217,1218,195,1221,195,1224,203,1227,195,1230,195,1233,195,1236,195,1239,203],{},[13,1212,1213],{},"长线投资是另外一种东西",[13,1215,1216],{},"就像看","巴菲特****，",[13,1219,1220],{},"他很平和",[13,1222,1223],{},"很简单",[13,1225,1226],{},"很常见",[13,1228,1229],{},"就像我们做企业",[13,1231,1232],{},"你要想到售后服务",[13,1234,1235],{},"产品设计",[13,1237,1238],{},"消费者需求",[13,1240,1241],{},"要想很多",[43,1243,1245,1248],{"id":1244},"投资万科",[13,1246,1247],{},"投资","万科****",[10,1250,1251,57,1254,1256,1257,1260],{},[13,1252,1253],{},"Q20",[13,1255,23],{},"财经：网友问上次说您投了",[13,1258,1259],{},"万科","，您是否打算卖掉？",[10,1262,170,1263,1265],{},[13,1264,15],{},"：**我已经卖了，我卖的原因要讲一下。",[10,1267,1268,1269,1271],{},"我买",[13,1270,1259],{},"的时候，才2块多钱，当时觉得这个股再怎么样也值10多块，2块多钱没道理，后来涨到10多块的时候，正好那时候有别的需求就卖了。",[10,1273,1274],{},"从目前的结果看，证明卖错了，因为现在20多块了，少赚了一倍，但是后悔吗？不后悔。再涨不涨跟我也没关系了，因为我刚好需要这个钱。",[10,1276,1277],{},"因为我人不在国内。我买的时候有一个基本的了解，这个股票值这么多钱，到了这个价格时，我觉得已经满意了。",[10,1279,1280,1281,1285,1286,1288,1289,1291],{},"其实这只股票还该不该涨，我不知道，这跟",[37,1282,1284],{"href":1283},"\u002Flibrary\u002Fjibenmian","基本面","有关，我没有很好的研究。我卖",[13,1287,1259],{},"，并不是意味着它超值了，网友决定留不留着是你的事情，有很多人跟我一起买",[13,1290,1259],{},"的人，他们现在还留着。",[43,1293,1295],{"id":1294},"关于慈善事业",[13,1296,1294],{},[10,1298,1299,57,1302,1304],{},[13,1300,1301],{},"Q21",[13,1303,23],{},"财经：关于慈善的问题，这里网友问，您是单枪匹马做慈善还是有团队的支撑？慈善是很高尚的事情，在国内反而是弱势群体，这个是否会阻碍你在国内做慈善事业？",[10,1306,1307,195,1312,195,1315,195,1318,203,1321,195,1324,203],{},[13,1308,1309,1311],{},[13,1310,15],{},"：对于我来说",[13,1313,1314],{},"做慈善是我一个家庭的事情",[13,1316,1317],{},"现在是我太太和我做",[13,1319,1320],{},"将来可能还有我们的孩子",[13,1322,1323],{},"当然这是从事务发展的角度来看",[13,1325,1326],{},"肯定是一个团队",[10,1328,1329],{},"我们这个基金主要投在教育上，我们已经投了不少，包括对浙大的捐款，包括在斯坦佛建了一个奖学金，专门给中国区的学生。",[10,1331,1332,1333,1336],{},"这个基金是我和",[13,1334,1335],{},"丁磊","建的。这次在斯坦佛大学还见了一个学生，我问他怎么来的，是否是自费，他说是奖学金。",[10,1338,1339,1340,1342],{},"我说这奖金是",[13,1341,1335],{},"的，他还不知道。 我这就觉得有效果了，中国的学生因为有了这个奖学金，可以到斯坦佛大学上本科了。",[10,1344,1345],{},"慈善是一个正常的行为。这些钱最后怎么办？给子女是害子女,你不能剥夺他的乐趣，如果你让他饭来张口、衣来伸手，他就没有乐趣了，要给他压力的。",[10,1347,1348,195,1351,57,1354,203],{},[13,1349,1350],{},"因此在你赚钱的时候",[13,1352,1353],{},"就要安排好钱的去处",[13,1355,1356],{},"要花在什么地方",[10,1358,1359],{},"对我来讲，为什么以花在国内为主？慈善最重要的是，你帮你能够帮助的人。你说有一个人很穷，我又不认识他，这怎么证明他需要帮助。",[10,1361,1362],{},"比如说我捐献给我的母校，中国这么多大校为什么只捐你的母校，是自私吗？不是，因为我对母校了解。",[10,1364,1365],{},"如果我成为被骂的目标，骂完之后能增进社会的和谐，我也很高兴，我也不是很受影响，我的心态在这一点没问题，还是很好的。",[10,1367,1368],{},"还没有人骂我太太，做慈善是一个家庭的事情，所以我们很多东西是商量做，不是说是我自己的事情。",[43,1370,1372,1373],{"id":1371},"段永平如何评价自己","****段永平",[13,1374,1375],{},"如何评价自己",[10,1377,1378,57,1381,1383,1384,1386],{},[13,1379,1380],{},"Q22",[13,1382,23],{},"财经：《亚洲周刊》曾经如此评价您：“他是一名职业的、民营的慈善工作者，业界对",[13,1385,15],{},"的评价是两个字：‘保守’，但是，他的保守成就了他的事业”，您对这句话怎么看？",[10,1388,170,1389,1391],{},[13,1390,15],{},"：**首先我不是职业的慈善家，我说的是我的工作是慈善，工作是不得不做的事情，赚钱对我来讲是爱好。",[10,1393,1394],{},"但是两者现在是一样，我做投资觉得很有意思，很好；但是做完之后赚了是麻烦，要解决这个麻烦，捐出去，帮助别人我就觉得很高兴。",[10,1396,1397,1398,195,1401,195,1404,195,1407,195,1410,195,1413,195,1416,195,1419,203],{},"“保守”的定义是什么？我认为我这个人从来不保守，",[13,1399,1400],{},"做投资要承担很多风险的",[13,1402,1403],{},"不管花多少钱都要承担风险",[13,1405,1406],{},"但是我不冒险",[13,1408,1409],{},"我们追求更健康",[13,1411,1412],{},"更长久",[13,1414,1415],{},"这不是“保守”",[13,1417,1418],{},"而是更健康",[13,1420,694,1421,1425],{},[37,1422,1424],{"href":1423},"\u002Flibrary\u002Fpingchangxin","平常心","的概念",[10,1427,1428],{},"就像我讲的打高尔夫球，你追求的是整体成绩，是乐趣，而不是一竿进洞，进洞之后，虽然这杆很漂亮，但是整体上没多大改善。",[10,1430,1431,19,1434,195,1437,195,1440,195,1443,203],{},[13,1432,1433],{},"就像",[13,1435,1436],{},"讲的",[13,1438,1439],{},"你可以99件事情做对了",[13,1441,1442],{},"1件小的错误就可以造成你所有的成就落空",[13,1444,1445],{},"最重要的就是不要让小的错误发生",[10,1447,1448,1451],{},[13,1449,1450],{},"我经营企业差不多20多年，竞争对手已经换了很多","，我们每次做的时候，别人都说这样不好，应该怎么做。我说冒风险几年后肯定会出问题的。几年后这个人找到我，就说，你这个人真厉害。",[10,1453,1454,195,1457,195,1460,1462,1463,195,1466],{},[13,1455,1456],{},"企业也是一样",[13,1458,1459],{},"要看长远的发展",[13,1461,23],{},"有很多很好的地方。当然，确实也有待完善的东西，这个我能接受，关键是你有没有完善的能力？",[13,1464,1465],{},"投资做企业的想法都差不多:你是否真的20年之后",[13,1467,1468],{},"你还愿意拿着这个股票?",[43,1470,312,1472],{"id":1471},"巴菲特也做短线",[13,1473,1474],{},"也做短线",[10,1476,1477,57,1480,1482,1483,1485,1486,1488],{},[13,1478,1479],{},"Q23",[13,1481,23],{},"财经：最后我们返回主题。关于",[13,1484,19],{},"的",[37,1487,40],{"href":39},"，您能给广大中国网民一个什么建议？",[10,1490,1491,195,1497,195,1500,195,1503,1506],{},[13,1492,1493,109,1495,1223],{},[13,1494,15],{},[37,1496,40],{"href":39},[13,1498,1499],{},"你买股票的时候",[13,1501,1502],{},"就是买这个公司的一部分",[13,1504,1505],{},"你是在拥有它","。但是你现在要我提一个建议，对所有去澳门的人有什么样好的意见，我没有。",[10,1508,1509],{},"我自己也经常做短线，我的乐趣有时候从短线来，短线很好玩，比如说我拿某个金额，每个人得能承受的，短一把，赚到了很高兴。",[10,1511,1512],{},"我自己就有两个帐号，一个是长线帐号，一个是短线帐号。短线就是好玩，赚不赚钱呢？也赚，但是这里面有什么心得吗？也没有。",[10,1514,1515],{},"我对短线帐号的印象很深刻，每年家庭的开销都从这里面出，但是钱没有少过，很有意思，总有这么多钱，而且交税也是从这里面交，很有意思。我确实觉得没什么心得，但是我觉得很开心。",[10,1517,1518],{},"对于长线帐号，我有时候都不知道它赚钱了，最长线的是我买了之后就没动过，现在也没动，5年下来大概赚了50多倍，而短线5年下来也可能有2倍，你说哪个好？我也不知道。",[10,1520,1521,1523],{},[13,1522,19],{},"也做短线，他跟我的目的是一样：好玩，当然他是自己做，他的投资公司是不做的。",[10,1525,1526,1528],{},[13,1527,23],{},"财经：今天由于时间的关系，我们的访谈就到这里，感谢段先生！！",{"title":1530,"searchDepth":1531,"depth":1531,"links":1532},"",2,[],"访谈实录",null,"段永平分享巴菲特午餐感悟，强调买股票就是买公司、耐心等待好价格、长期持有的价值投资原则。","md",{},true,116,"\u002Fdao\u002Fspeeches\u002Fduanyongping-2007nianyubafeitegongjinwucanhouwangyizhuanfang",{"title":5,"description":1535},"2007年与巴菲特共进午餐后网易专访｜大道总纲","duanyongping-2007nianyubafeitegongjinwucanhouwangyizhuanfang","dao\u002Fspeeches\u002Fduanyongping-2007nianyubafeitegongjinwucanhouwangyizhuanfang","OyzNX9hdRJbmlX8wUS3uKRGs1CqPkGsuQOYC3IvnQRc","dao",[1548,1553,1557,1561,1564,1567,1570,1574,1577,1580,1584,1587,1590,1594,1597,1600,1604,1607,1610,1614,1617,1620,1624,1627,1630,1634,1637,1640,1644,1647,1650,1654,1657,1660,1664,1667,1670,1674,1677,1680,1684,1687,1690,1694,1697,1700,1704,1707,1710,1714,1717,1720,1724,1727,1730,1734,1737,1740,1744,1747,1750,1754,1757,1760,1764,1767,1770,1774,1777,1780,1784,1787,1790,1794,1797,1800,1804,1807,1810,1814,1817,1820,1824,1827,1830,1834,1837,1840,1844,1847,1850,1854,1857,1860,1864,1867,1870,1874,1877,1880,1884,1887,1891,1894,1898,1901,1905,1908,1912,1915,1919,1922,1926,1929,1933,1936,1940,1943,1947,1950,1954,1957,1961,1964,1968,1971,1975,1978,1982,1985,1989,1992,1996,1999,2003,2006,2010,2013,2017,2020,2024,2027,2031,2034,2038,2041,2045,2048,2052,2055,2059,2062,2066,2069,2073,2076,2080,2083,2087,2090,2094,2097,2101,2104,2108,2111,2115,2118,2122,2125,2129,2132,2136,2139,2143,2146,2150,2153,2157,2160,2164,2167,2171,2174,2178,2181,2185,2188,2192,2195,2199,2202,2206,2209,2213,2216,2220,2223,2227,2230,2234,2237,2241,2244,2248,2251,2255,2258,2262,2265,2269,2272,2276,2279,2283,2286,2290,2293,2297,2300,2304,2307,2311,2314,2318,2321,2325,2328,2332,2335,2339,2342,2346,2349,2353,2357,2361,2365,2369,2373,2377,2381,2385,2389,2393,2397,2401,2405,2409,2412,2416,2420,2424,2428,2432,2436,2440,2444,2448,2452,2456,2460,2464,2468,2472,2476,2480,2484,2488,2492,2496,2500,2504,2508,2512,2516,2520,2524,2528,2532,2536,2540,2544,2548],{"title":1549,"slug":1550,"category":1551,"order":1552},"1956 有限合伙协议","1956-you-xian-he-huo-xie-yi","致股东信",1,{"title":1554,"slug":1555,"category":1556,"order":1552},"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","访谈与文章",{"title":1558,"slug":1559,"category":1560,"order":1552},"1994年伯克希尔股东大会","1994nian-bo-ke-xi-er-gu-dong-da-hui","股东大会",{"title":1562,"slug":1563,"category":1551,"order":1531},"1957 巴菲特致合伙人信","1957-ba-fei-te-zhi-he-huo-ren-xin",{"title":1565,"slug":1566,"category":1556,"order":1531},"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":1568,"slug":1569,"category":1560,"order":1531},"1995年伯克希尔股东大会","1995nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1571,"slug":1572,"category":1551,"order":1573},"1958 巴菲特致合伙人信","1958-ba-fei-te-zhi-he-huo-ren-xin",3,{"title":1575,"slug":1576,"category":1556,"order":1573},"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":1578,"slug":1579,"category":1560,"order":1573},"1996年伯克希尔股东大会","1996nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1581,"slug":1582,"category":1551,"order":1583},"1959 巴菲特致合伙人信","1959-ba-fei-te-zhi-he-huo-ren-xin",4,{"title":1585,"slug":1586,"category":1556,"order":1583},"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":1588,"slug":1589,"category":1560,"order":1583},"1997年伯克希尔股东大会","1997nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1591,"slug":1592,"category":1551,"order":1593},"1960 巴菲特致合伙人信","1960-ba-fei-te-zhi-he-huo-ren-xin",5,{"title":1595,"slug":1596,"category":1556,"order":1593},"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":1598,"slug":1599,"category":1560,"order":1593},"1998年伯克希尔股东大会","1998nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1601,"slug":1602,"category":1551,"order":1603},"1961 巴菲特致合伙人信","1961-ba-fei-te-zhi-he-huo-ren-xin",6,{"title":1605,"slug":1606,"category":1556,"order":1603},"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":1608,"slug":1609,"category":1560,"order":1603},"1999年伯克希尔股东大会","1999nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1611,"slug":1612,"category":1551,"order":1613},"1961年中 巴菲特致合伙人信","1961nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",7,{"title":1615,"slug":1616,"category":1556,"order":1613},"巴菲特：1976年巴菲特谈GEICO","ba-fei-te-1976nian-ba-fei-te-tan-geico",{"title":1618,"slug":1619,"category":1560,"order":1613},"2000年伯克希尔股东大会","2000nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1621,"slug":1622,"category":1551,"order":1623},"1962 巴菲特致合伙人信","1962-ba-fei-te-zhi-he-huo-ren-xin",8,{"title":1625,"slug":1626,"category":1556,"order":1623},"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":1628,"slug":1629,"category":1560,"order":1623},"2001年伯克希尔股东大会","2001nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1631,"slug":1632,"category":1551,"order":1633},"1962年11月 巴菲特致合伙人信","1962nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",9,{"title":1635,"slug":1636,"category":1556,"order":1633},"巴菲特：1977年谈通货膨胀","ba-fei-te-1977nian-tan-tong-huo-peng-zhang",{"title":1638,"slug":1639,"category":1560,"order":1633},"2002年伯克希尔股东大会","2002nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1641,"slug":1642,"category":1551,"order":1643},"1962年12月 巴菲特致合伙人信","1962nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",10,{"title":1645,"slug":1646,"category":1556,"order":1643},"巴菲特：1979年谈股市","ba-fei-te-1979nian-tan-gu-shi",{"title":1648,"slug":1649,"category":1560,"order":1643},"2003年伯克希尔股东大会","2003nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1651,"slug":1652,"category":1551,"order":1653},"1962年中 巴菲特致合伙人信","1962nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",11,{"title":1655,"slug":1656,"category":1556,"order":1653},"巴菲特：1982年谈指数期货","ba-fei-te-1982nian-tan-zhi-shu-qi-huo",{"title":1658,"slug":1659,"category":1560,"order":1653},"2004年伯克希尔股东大会","2004nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1661,"slug":1662,"category":1551,"order":1663},"1963 巴菲特致合伙人信","1963-ba-fei-te-zhi-he-huo-ren-xin",12,{"title":1665,"slug":1666,"category":1556,"order":1663},"巴菲特：1983年写给Louie Blumkin的信（内布拉斯加州家具百货","ba-fei-te-1983nian-xie-gei-louie-blumkinde-xin-nei-bu-la-si-jia-zhou-jia-ju-bai-huo",{"title":1668,"slug":1669,"category":1560,"order":1663},"2005年伯克希尔股东大会","2005nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1671,"slug":1672,"category":1551,"order":1673},"1963年11月 巴菲特致合伙人信","1963nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",13,{"title":1675,"slug":1676,"category":1556,"order":1673},"巴菲特：1983年向Rose Blumkin 发出的正式意向收购书","ba-fei-te-1983nian-xiang-rose-blumkin-fa-chu-de-zheng-shi-yi-xiang-shou-gou-shu",{"title":1678,"slug":1679,"category":1560,"order":1673},"2006年伯克希尔股东大会","2006nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1681,"slug":1682,"category":1551,"order":1683},"1963年12月 巴菲特致合伙人信","1963nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",14,{"title":1685,"slug":1686,"category":1556,"order":1683},"巴菲特：1984年哥大商学院演讲","ba-fei-te-1984nian-ge-da-shang-xue-yuan-yan-jiang",{"title":1688,"slug":1689,"category":1560,"order":1683},"2007年伯克希尔股东大会","2007nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1691,"slug":1692,"category":1551,"order":1693},"1963年中 巴菲特致合伙人信","1963nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",15,{"title":1695,"slug":1696,"category":1556,"order":1693},"巴菲特：1985年谈投资","ba-fei-te-1985nian-tan-tou-zi",{"title":1698,"slug":1699,"category":1560,"order":1693},"2008年伯克希尔股东大会","2008nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1701,"slug":1702,"category":1551,"order":1703},"1964 巴菲特致合伙人信","1964-ba-fei-te-zhi-he-huo-ren-xin",16,{"title":1705,"slug":1706,"category":1556,"order":1703},"巴菲特：1986年《如何驯服“赌场社会”》","ba-fei-te-1986nian-ru-he-xun-fu-du-chang-she-hui",{"title":1708,"slug":1709,"category":1560,"order":1703},"2009年伯克希尔股东大会","2009nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1711,"slug":1712,"category":1551,"order":1713},"1964年中 巴菲特致合伙人信","1964nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",17,{"title":1715,"slug":1716,"category":1556,"order":1713},"巴菲特：1986年在《华尔街日报》刊登的收购广告","ba-fei-te-1986nian-zai-hua-er-jie-ri-bao-kan-deng-de-shou-gou-guang-gao",{"title":1718,"slug":1719,"category":1560,"order":1713},"2010年伯克希尔股东大会","2010nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1721,"slug":1722,"category":1551,"order":1723},"1965 巴菲特致合伙人信","1965-ba-fei-te-zhi-he-huo-ren-xin",18,{"title":1725,"slug":1726,"category":1556,"order":1723},"巴菲特：1987年-关于股票指数期货的早期担忧","ba-fei-te-1987nian-guan-yu-gu-piao-zhi-shu-qi-huo-de-zao-qi-dan-you",{"title":1728,"slug":1729,"category":1560,"order":1723},"2011年伯克希尔股东大会","2011nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1731,"slug":1732,"category":1551,"order":1733},"1965 巴菲特致股东信","1965-ba-fei-te-zhi-gu-dong-xin",19,{"title":1735,"slug":1736,"category":1556,"order":1733},"巴菲特：1987年-我们可以从费雪（Phil Fisher）身上学到什么","ba-fei-te-1987nian-wo-men-ke-yi-cong-fei-xue-phil-fisher-shen-shang-xue-dao-shi-me",{"title":1738,"slug":1739,"category":1560,"order":1733},"2012年伯克希尔股东大会","2012nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1741,"slug":1742,"category":1551,"order":1743},"1965年11月 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巴菲特致股东信","1967-ba-fei-te-zhi-gu-dong-xin",27,{"title":1815,"slug":1816,"category":1556,"order":1813},"巴菲特：1994年巴菲特谈施洛斯的信","ba-fei-te-1994nian-ba-fei-te-tan-shi-luo-si-de-xin",{"title":1818,"slug":1819,"category":1560,"order":1813},"2020年伯克希尔股东大会","2020nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1821,"slug":1822,"category":1551,"order":1823},"1967年10月 巴菲特致合伙人信","1967nian-10yue-ba-fei-te-zhi-he-huo-ren-xin",28,{"title":1825,"slug":1826,"category":1556,"order":1823},"巴菲特：1996年伯克希尔股东手册","ba-fei-te-1996nian-bo-ke-xi-er-gu-dong-shou-ce",{"title":1828,"slug":1829,"category":1560,"order":1823},"2021年伯克希尔股东大会","2021nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1831,"slug":1832,"category":1551,"order":1833},"1967年11月 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巴菲特致合伙人信","1968-ba-fei-te-zhi-he-huo-ren-xin",31,{"title":1855,"slug":1856,"category":1556,"order":1853},"巴菲特：1998年华盛顿大学谈话","ba-fei-te-1998nian-hua-sheng-dun-da-xue-tan-hua",{"title":1858,"slug":1859,"category":1560,"order":1853},"2024年伯克希尔股东大会","2024nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1861,"slug":1862,"category":1551,"order":1863},"1968 巴菲特致股东信","1968-ba-fei-te-zhi-gu-dong-xin",32,{"title":1865,"slug":1866,"category":1556,"order":1863},"巴菲特：1999年内布拉斯加教育论坛演讲","ba-fei-te-1999nian-nei-bu-la-si-jia-jiao-yu-lun-tan-yan-jiang",{"title":1868,"slug":1869,"category":1560,"order":1863},"2025年伯克希尔股东大会","2025nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1871,"slug":1872,"category":1551,"order":1873},"1968年11月 巴菲特致合伙人信","1968nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",33,{"title":1875,"slug":1876,"category":1556,"order":1873},"巴菲特：1999年巴菲特太阳谷演讲","ba-fei-te-1999nian-ba-fei-te-tai-yang-gu-yan-jiang",{"title":1878,"slug":1879,"category":1560,"order":1873},"2026年伯克希尔股东大会","2026nian-bo-ke-xi-er-gu-dong-da-hui",{"title":1881,"slug":1882,"category":1551,"order":1883},"1968年中 巴菲特致合伙人信","1968nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",34,{"title":1885,"slug":1886,"category":1556,"order":1883},"巴菲特：1999年巴菲特谈股市","ba-fei-te-1999nian-ba-fei-te-tan-gu-shi",{"title":1888,"slug":1889,"category":1551,"order":1890},"1969 巴菲特致股东信","1969-ba-fei-te-zhi-gu-dong-xin",35,{"title":1892,"slug":1893,"category":1556,"order":1890},"巴菲特：2001年佐治亚大学演讲","ba-fei-te-2001nian-zuo-zhi-ya-da-xue-yan-jiang",{"title":1895,"slug":1896,"category":1551,"order":1897},"1969年10月 巴菲特致合伙人信","1969nian-10yue-ba-fei-te-zhi-he-huo-ren-xin",36,{"title":1899,"slug":1900,"category":1556,"order":1897},"巴菲特：2001年保险业的FDIC","ba-fei-te-2001nian-bao-xian-ye-de-fdic",{"title":1902,"slug":1903,"category":1551,"order":1904},"1969年12月 巴菲特致合伙人信","1969nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",37,{"title":1906,"slug":1907,"category":1556,"order":1904},"巴菲特：2001年对话内大商学院","ba-fei-te-2001nian-dui-hua-nei-da-shang-xue-yuan",{"title":1909,"slug":1910,"category":1551,"order":1911},"1969年12月26日 巴菲特致合伙人信","1969nian-12yue-26ri-ba-fei-te-zhi-he-huo-ren-xin",38,{"title":1913,"slug":1914,"category":1556,"order":1911},"巴菲特：2001年巴菲特谈股市","ba-fei-te-2001nian-ba-fei-te-tan-gu-shi",{"title":1916,"slug":1917,"category":1551,"order":1918},"1969年5月 巴菲特致合伙人信","1969nian-5yue-ba-fei-te-zhi-he-huo-ren-xin",39,{"title":1920,"slug":1921,"category":1556,"order":1918},"巴菲特：2001年给全体经理人备忘录","ba-fei-te-2001nian-gei-quan-ti-jing-li-ren-bei-wang-lu",{"title":1923,"slug":1924,"category":1551,"order":1925},"1970 巴菲特致股东信","1970-ba-fei-te-zhi-gu-dong-xin",40,{"title":1927,"slug":1928,"category":1556,"order":1925},"巴菲特：2002年哥大商学院演讲","ba-fei-te-2002nian-ge-da-shang-xue-yuan-yan-jiang",{"title":1930,"slug":1931,"category":1551,"order":1932},"1970年2月 巴菲特致合伙人信","1970nian-2yue-ba-fei-te-zhi-he-huo-ren-xin",41,{"title":1934,"slug":1935,"category":1556,"order":1932},"巴菲特：2002年股票期权与常识","ba-fei-te-2002nian-gu-piao-qi-quan-yu-chang-shi",{"title":1937,"slug":1938,"category":1551,"order":1939},"1971 巴菲特致股东信","1971-ba-fei-te-zhi-gu-dong-xin",42,{"title":1941,"slug":1942,"category":1556,"order":1939},"巴菲特：2002年谁是真正的账房先生","ba-fei-te-2002nian-shui-shi-zhen-zheng-de-zhang-fang-xian-sheng",{"title":1944,"slug":1945,"category":1551,"order":1946},"1972 巴菲特致股东信","1972-ba-fei-te-zhi-gu-dong-xin",43,{"title":1948,"slug":1949,"category":1556,"order":1946},"巴菲特：2003年《美国正滑向贸易赤字的危险边缘》","ba-fei-te-2003nian-mei-guo-zheng-hua-xiang-mao-yi-chi-zi-de-wei-xian-bian-yuan",{"title":1951,"slug":1952,"category":1551,"order":1953},"1973 巴菲特致股东信","1973-ba-fei-te-zhi-gu-dong-xin",44,{"title":1955,"slug":1956,"category":1556,"order":1953},"巴菲特：2003年内布拉斯加大学 林肯分校--领导力课程演讲","ba-fei-te-2003nian-nei-bu-la-si-jia-da-xue-lin-ken-fen-xiao-ling-dao-li-ke-cheng-yan-jiang",{"title":1958,"slug":1959,"category":1551,"order":1960},"1974 巴菲特致股东信","1974-ba-fei-te-zhi-gu-dong-xin",45,{"title":1962,"slug":1963,"category":1556,"order":1960},"巴菲特：2003年对话沃顿商学院学生","ba-fei-te-2003nian-dui-hua-wo-dun-shang-xue-yuan-xue-sheng",{"title":1965,"slug":1966,"category":1551,"order":1967},"1975 巴菲特致股东信","1975-ba-fei-te-zhi-gu-dong-xin",46,{"title":1969,"slug":1970,"category":1556,"order":1967},"巴菲特：2003年对话田纳西大学学生","ba-fei-te-2003nian-dui-hua-tian-na-xi-da-xue-xue-sheng",{"title":1972,"slug":1973,"category":1551,"order":1974},"1976 巴菲特致股东信","1976-ba-fei-te-zhi-gu-dong-xin",47,{"title":1976,"slug":1977,"category":1556,"order":1974},"巴菲特：2003年我为什么不看好美元","ba-fei-te-2003nian-wo-wei-shi-me-bu-kan-hao-mei-yuan",{"title":1979,"slug":1980,"category":1551,"order":1981},"1977 巴菲特致股东信","1977-ba-fei-te-zhi-gu-dong-xin",48,{"title":1983,"slug":1984,"category":1556,"order":1981},"巴菲特：2003年沃伦在担心什么","ba-fei-te-2003nian-wo-lun-zai-dan-xin-shi-me",{"title":1986,"slug":1987,"category":1551,"order":1988},"1978 巴菲特致股东信","1978-ba-fei-te-zhi-gu-dong-xin",49,{"title":1990,"slug":1991,"category":1556,"order":1988},"巴菲特：2003年股息巫术","ba-fei-te-2003nian-gu-xi-wu-shu",{"title":1993,"slug":1994,"category":1551,"order":1995},"1979 巴菲特致股东信","1979-ba-fei-te-zhi-gu-dong-xin",50,{"title":1997,"slug":1998,"category":1556,"order":1995},"2004年：《巴菲特：2004年与塔克商学院学生对谈》","ba-fei-te-2004nian-yu-ta-ke-shang-xue-yuan-xue-sheng-dui-tan",{"title":2000,"slug":2001,"category":1551,"order":2002},"1980 巴菲特致股东信","1980-ba-fei-te-zhi-gu-dong-xin",51,{"title":2004,"slug":2005,"category":1556,"order":2002},"巴菲特：2004年专访苏珊·巴菲特","ba-fei-te-2004nian-zhuan-fang-su-shan-ba-fei-te",{"title":2007,"slug":2008,"category":1551,"order":2009},"1981 巴菲特致股东信","1981-ba-fei-te-zhi-gu-dong-xin",52,{"title":2011,"slug":2012,"category":1556,"order":2009},"巴菲特：2004年对话奥奎尔俱乐部","ba-fei-te-2004nian-dui-hua-ao-kui-er-ju-le-bu",{"title":2014,"slug":2015,"category":1551,"order":2016},"1982 巴菲特致股东信","1982-ba-fei-te-zhi-gu-dong-xin",53,{"title":2018,"slug":2019,"category":1556,"order":2016},"巴菲特：2004年对话沃顿商学院学生","ba-fei-te-2004nian-dui-hua-wo-dun-shang-xue-yuan-xue-sheng",{"title":2021,"slug":2022,"category":1551,"order":2023},"1983 巴菲特致股东信","1983-ba-fei-te-zhi-gu-dong-xin",54,{"title":2025,"slug":2026,"category":1556,"order":2023},"巴菲特：2004年模糊数学与股票期权","ba-fei-te-2004nian-mo-hu-shu-xue-yu-gu-piao-qi-quan",{"title":2028,"slug":2029,"category":1551,"order":2030},"1984 巴菲特致股东信","1984-ba-fei-te-zhi-gu-dong-xin",55,{"title":2032,"slug":2033,"category":1556,"order":2030},"与沃伦·巴菲特的问答纪要 2005年","ba-fei-te-2005nian-jia-zhou-da-xue-luo-shan-ji-fen-xiao-an-de-sen-guan-li-xue-yuan-nan-jia-zhou-da-xue-ma-xie-er-shang-xue-yuan-wen-da-ji-yao",{"title":2035,"slug":2036,"category":1551,"order":2037},"1985 巴菲特致股东信","1985-ba-fei-te-zhi-gu-dong-xin",56,{"title":2039,"slug":2040,"category":1556,"order":2037},"2005年：《巴菲特：2005年与塔克商学院学生对谈》","ba-fei-te-2005nian-yu-ta-ke-shang-xue-yuan-xue-sheng-dui-tan",{"title":2042,"slug":2043,"category":1551,"order":2044},"1986 巴菲特致股东信","1986-ba-fei-te-zhi-gu-dong-xin",57,{"title":2046,"slug":2047,"category":1556,"order":2044},"巴菲特：2005年回忆进入证券行业","ba-fei-te-2005nian-hui-yi-jin-ru-zheng-quan-xing-ye",{"title":2049,"slug":2050,"category":1551,"order":2051},"1987 巴菲特致股东信","1987-ba-fei-te-zhi-gu-dong-xin",58,{"title":2053,"slug":2054,"category":1556,"order":2051},"巴菲特：2005年对话内布拉斯加大学学生","ba-fei-te-2005nian-dui-hua-nei-bu-la-si-jia-da-xue-xue-sheng",{"title":2056,"slug":2057,"category":1551,"order":2058},"1988 巴菲特致股东信","1988-ba-fei-te-zhi-gu-dong-xin",59,{"title":2060,"slug":2061,"category":1556,"order":2058},"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":2063,"slug":2064,"category":1551,"order":2065},"1989 巴菲特致股东信","1989-ba-fei-te-zhi-gu-dong-xin",60,{"title":2067,"slug":2068,"category":1556,"order":2065},"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":2070,"slug":2071,"category":1551,"order":2072},"1990 巴菲特致股东信","1990-ba-fei-te-zhi-gu-dong-xin",61,{"title":2074,"slug":2075,"category":1556,"order":2072},"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":2077,"slug":2078,"category":1551,"order":2079},"1991 巴菲特致股东信","1991-ba-fei-te-zhi-gu-dong-xin",62,{"title":2081,"slug":2082,"category":1556,"order":2079},"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":2084,"slug":2085,"category":1551,"order":2086},"1992 巴菲特致股东信","1992-ba-fei-te-zhi-gu-dong-xin",63,{"title":2088,"slug":2089,"category":1556,"order":2086},"巴菲特：2006年慈善捐赠承诺","ba-fei-te-2006nian-ci-shan-juan-zeng-cheng-nuo",{"title":2091,"slug":2092,"category":1551,"order":2093},"1993 巴菲特致股东信","1993-ba-fei-te-zhi-gu-dong-xin",64,{"title":2095,"slug":2096,"category":1556,"order":2093},"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":2098,"slug":2099,"category":1551,"order":2100},"1994 巴菲特致股东信","1994-ba-fei-te-zhi-gu-dong-xin",65,{"title":2102,"slug":2103,"category":1556,"order":2100},"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":2105,"slug":2106,"category":1551,"order":2107},"1995 巴菲特致股东信","1995-ba-fei-te-zhi-gu-dong-xin",66,{"title":2109,"slug":2110,"category":1556,"order":2107},"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":2112,"slug":2113,"category":1551,"order":2114},"1996 巴菲特致股东信","1996-ba-fei-te-zhi-gu-dong-xin",67,{"title":2116,"slug":2117,"category":1556,"order":2114},"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":2119,"slug":2120,"category":1551,"order":2121},"1997 巴菲特致股东信","1997-ba-fei-te-zhi-gu-dong-xin",68,{"title":2123,"slug":2124,"category":1556,"order":2121},"巴菲特：2007年巴菲特接见Dardashti","ba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti",{"title":2126,"slug":2127,"category":1551,"order":2128},"1998 巴菲特致股东信","1998-ba-fei-te-zhi-gu-dong-xin",69,{"title":2130,"slug":2131,"category":1556,"order":2128},"巴菲特：2007年接受央视专访","ba-fei-te-2007nian-jie-shou-yang-shi-zhuan-fang",{"title":2133,"slug":2134,"category":1551,"order":2135},"1999 巴菲特致股东信","1999-ba-fei-te-zhi-gu-dong-xin",70,{"title":2137,"slug":2138,"category":1556,"order":2135},"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":2140,"slug":2141,"category":1551,"order":2142},"2000 巴菲特致股东信","2000-ba-fei-te-zhi-gu-dong-xin",71,{"title":2144,"slug":2145,"category":1556,"order":2142},"巴菲特：2007年查理罗斯专访","ba-fei-te-2007nian-cha-li-luo-si-zhuan-fang",{"title":2147,"slug":2148,"category":1551,"order":2149},"2001 巴菲特致股东信","2001-ba-fei-te-zhi-gu-dong-xin",72,{"title":2151,"slug":2152,"category":1556,"order":2149},"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":2154,"slug":2155,"category":1551,"order":2156},"2002 巴菲特致股东信","2002-ba-fei-te-zhi-gu-dong-xin",73,{"title":2158,"slug":2159,"category":1556,"order":2156},"巴菲特：2008年买入美国正当时","ba-fei-te-2008nian-mai-ru-mei-guo-zheng-dang-shi",{"title":2161,"slug":2162,"category":1551,"order":2163},"2003 巴菲特致股东信","2003-ba-fei-te-zhi-gu-dong-xin",74,{"title":2165,"slug":2166,"category":1556,"order":2163},"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":2168,"slug":2169,"category":1551,"order":2170},"2004 巴菲特致股东信","2004-ba-fei-te-zhi-gu-dong-xin",75,{"title":2172,"slug":2173,"category":1556,"order":2170},"巴菲特：2008年对话商学院学生","ba-fei-te-2008nian-dui-hua-shang-xue-yuan-xue-sheng",{"title":2175,"slug":2176,"category":1551,"order":2177},"2005 巴菲特致股东信","2005-ba-fei-te-zhi-gu-dong-xin",76,{"title":2179,"slug":2180,"category":1556,"order":2177},"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":2182,"slug":2183,"category":1551,"order":2184},"2006 巴菲特致股东信","2006-ba-fei-te-zhi-gu-dong-xin",77,{"title":2186,"slug":2187,"category":1556,"order":2184},"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":2189,"slug":2190,"category":1551,"order":2191},"2007 巴菲特致股东信","2007-ba-fei-te-zhi-gu-dong-xin",78,{"title":2193,"slug":2194,"category":1556,"order":2191},"巴菲特：2008年给保尔森的信","ba-fei-te-2008nian-gei-bao-er-sen-de-xin",{"title":2196,"slug":2197,"category":1551,"order":2198},"2008 巴菲特致股东信","2008-ba-fei-te-zhi-gu-dong-xin",79,{"title":2200,"slug":2201,"category":1556,"order":2198},"巴菲特：2008年解析经济危机","ba-fei-te-2008nian-jie-xi-jing-ji-wei-ji",{"title":2203,"slug":2204,"category":1551,"order":2205},"2009 巴菲特致股东信","2009-ba-fei-te-zhi-gu-dong-xin",80,{"title":2207,"slug":2208,"category":1556,"order":2205},"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":2210,"slug":2211,"category":1551,"order":2212},"2010 巴菲特致股东信","2010-ba-fei-te-zhi-gu-dong-xin",81,{"title":2214,"slug":2215,"category":1556,"order":2212},"巴菲特：2009年CNBC 专访","ba-fei-te-2009nian-cnbc-zhuan-fang",{"title":2217,"slug":2218,"category":1551,"order":2219},"2011 巴菲特致股东信","2011-ba-fei-te-zhi-gu-dong-xin",82,{"title":2221,"slug":2222,"category":1556,"order":2219},"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":2224,"slug":2225,"category":1551,"order":2226},"2012 巴菲特致股东信","2012-ba-fei-te-zhi-gu-dong-xin",83,{"title":2228,"slug":2229,"category":1556,"order":2226},"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":2231,"slug":2232,"category":1551,"order":2233},"2013 巴菲特致股东信","2013-ba-fei-te-zhi-gu-dong-xin",84,{"title":2235,"slug":2236,"category":1556,"order":2233},"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":2238,"slug":2239,"category":1551,"order":2240},"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":2242,"slug":2243,"category":1556,"order":2240},"巴菲特：2009年收购BNSF 铁路","ba-fei-te-2009nian-shou-gou-bnsf-tie-lu",{"title":2245,"slug":2246,"category":1551,"order":2247},"2014 副董事长的思考","2014-fu-dong-shi-chang-de-si-kao",86,{"title":2249,"slug":2250,"category":1556,"order":2247},"巴菲特：2009年美元效应","ba-fei-te-2009nian-mei-yuan-xiao-ying",{"title":2252,"slug":2253,"category":1551,"order":2254},"2014 巴菲特致股东信","2014-ba-fei-te-zhi-gu-dong-xin",87,{"title":2256,"slug":2257,"category":1556,"order":2254},"教学方法期刊","ba-fei-te-2009nian-a-ke-lun-da-xue-shang-xue-yuan-wen-da-shi-lu",{"title":2259,"slug":2260,"category":1551,"order":2261},"2015 巴菲特致股东信","2015-ba-fei-te-zhi-gu-dong-xin",88,{"title":2263,"slug":2264,"category":1556,"order":2261},"巴菲特：2010年\"捐赠誓言\"计划","ba-fei-te-2010nian-juan-zeng-shi-yan-ji-hua",{"title":2266,"slug":2267,"category":1551,"order":2268},"2016 巴菲特致股东信","2016-ba-fei-te-zhi-gu-dong-xin",89,{"title":2270,"slug":2271,"category":1556,"order":2268},"巴菲特：2010年CNBC 专访","ba-fei-te-2010nian-cnbc-zhuan-fang",{"title":2273,"slug":2274,"category":1551,"order":2275},"2017 巴菲特致股东信","2017-ba-fei-te-zhi-gu-dong-xin",90,{"title":2277,"slug":2278,"category":1556,"order":2275},"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":2280,"slug":2281,"category":1551,"order":2282},"2018 巴菲特致股东信","2018-ba-fei-te-zhi-gu-dong-xin",91,{"title":2284,"slug":2285,"category":1556,"order":2282},"巴菲特：2010年央视财经采访","ba-fei-te-2010nian-yang-shi-cai-jing-cai-fang",{"title":2287,"slug":2288,"category":1551,"order":2289},"2019 巴菲特致股东信","2019-ba-fei-te-zhi-gu-dong-xin",92,{"title":2291,"slug":2292,"category":1556,"order":2289},"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":2294,"slug":2295,"category":1551,"order":2296},"2020 巴菲特致股东信","2020-ba-fei-te-zhi-gu-dong-xin",93,{"title":2298,"slug":2299,"category":1556,"order":2296},"巴菲特：2010年慈善中国行","ba-fei-te-2010nian-ci-shan-zhong-guo-xing",{"title":2301,"slug":2302,"category":1551,"order":2303},"2021 巴菲特致股东信","2021-ba-fei-te-zhi-gu-dong-xin",94,{"title":2305,"slug":2306,"category":1556,"order":2303},"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":2308,"slug":2309,"category":1551,"order":2310},"2022 巴菲特致股东信","2022-ba-fei-te-zhi-gu-dong-xin",95,{"title":2312,"slug":2313,"category":1556,"order":2310},"巴菲特：2010年金融危机调查委员会专访","ba-fei-te-2010nian-jin-rong-wei-ji-diao-cha-wei-yuan-hui-zhuan-fang",{"title":2315,"slug":2316,"category":1551,"order":2317},"2023 巴菲特致股东信","2023-ba-fei-te-zhi-gu-dong-xin",96,{"title":2319,"slug":2320,"category":1556,"order":2317},"巴菲特：2011年500 亿美元的决定","ba-fei-te-2011nian-500-yi-mei-yuan-de-jue-ding",{"title":2322,"slug":2323,"category":1551,"order":2324},"2024 巴菲特致股东信","2024-ba-fei-te-zhi-gu-dong-xin",97,{"title":2326,"slug":2327,"category":1556,"order":2324},"巴菲特：2011年CNBC 专访","ba-fei-te-2011nian-cnbc-zhuan-fang",{"title":2329,"slug":2330,"category":1551,"order":2331},"2025 巴菲特致股东信","2025-ba-fei-te-zhi-gu-dong-xin",98,{"title":2333,"slug":2334,"category":1556,"order":2331},"巴菲特：2011年对话八所商学院学生","ba-fei-te-2011nian-dui-hua-ba-suo-shang-xue-yuan-xue-sheng",{"title":2336,"slug":2337,"category":1551,"order":2338},"2025 感恩节致辞","2025-gan-en-jie-zhi-ci",99,{"title":2340,"slug":2341,"category":1556,"order":2338},"巴菲特：2011年查理·罗斯专访","ba-fei-te-2011nian-cha-li-luo-si-zhuan-fang",{"title":2343,"slug":2344,"category":1551,"order":2345},"2026 阿贝尔致股东信","2026-a-bei-er-zhi-gu-dong-xin",100,{"title":2347,"slug":2348,"category":1556,"order":2345},"巴菲特：为何股票能跑赢黄金与债券","ba-fei-te-2012nian-wei-he-gu-piao-neng-pao-ying-huang-jin-yu-zhai-quan",{"title":2350,"slug":2351,"category":1556,"order":2352},"巴菲特：2012年对话IVEY 商学院学生","ba-fei-te-2012nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",101,{"title":2354,"slug":2355,"category":1556,"order":2356},"巴菲特：2012年跳着踢踏舞去上班","ba-fei-te-2012nian-tiao-zhao-ti-ta-wu-qu-shang-ban",102,{"title":2358,"slug":2359,"category":1556,"order":2360},"巴菲特：2013年 《沃伦·巴菲特的办公时间访谈》","ba-fei-te-2013nian-wo-lun-ba-fei-te-de-ban-gong-shi-jian-fang-tan",103,{"title":2362,"slug":2363,"category":1556,"order":2364},"巴菲特：2013年乔治城大学演讲","ba-fei-te-2013nian-qiao-zhi-cheng-da-xue-yan-jiang",104,{"title":2366,"slug":2367,"category":1556,"order":2368},"巴菲特：2013年如何教孩子理财","ba-fei-te-2013nian-ru-he-jiao-hai-zi-li-cai",105,{"title":2370,"slug":2371,"category":1556,"order":2372},"巴菲特：2013年家族三代谈慈善","ba-fei-te-2013nian-jia-zu-san-dai-tan-ci-shan",106,{"title":2374,"slug":2375,"category":1556,"order":2376},"巴菲特：2013年对话八所商学院学生","ba-fei-te-2013nian-dui-hua-ba-suo-shang-xue-yuan-xue-sheng",107,{"title":2378,"slug":2379,"category":1556,"order":2380},"巴菲特：2014年CNBC 专访2014年3月3日","ba-fei-te-2014nian-cnbc-zhuan-fang-2014nian-3yue-3ri",108,{"title":2382,"slug":2383,"category":1556,"order":2384},"巴菲特：2014年CNBC 专访2014年5月5日","ba-fei-te-2014nian-cnbc-zhuan-fang-2014nian-5yue-5ri",109,{"title":2386,"slug":2387,"category":1556,"order":2388},"巴菲特：2014年与ivey商学院MBA学生会面纪要","ba-fei-te-2014nian-yu-iveyshang-xue-yuan-mbaxue-sheng-hui-mian-ji-yao",110,{"title":2390,"slug":2391,"category":1556,"order":2392},"巴菲特：2014年关于游牧者基金","ba-fei-te-2014nian-guan-yu-you-mu-zhe-ji-jin",111,{"title":2394,"slug":2395,"category":1556,"order":2396},"巴菲特：2014年给全体经理人备忘录","ba-fei-te-2014nian-gei-quan-ti-jing-li-ren-bei-wang-lu",112,{"title":2398,"slug":2399,"category":1556,"order":2400},"巴菲特：2014年谈可口可乐薪酬方案","ba-fei-te-2014nian-tan-ke-kou-ke-le-xin-chou-fang-an",113,{"title":2402,"slug":2403,"category":1556,"order":2404},"巴菲特：2015年对话IVEY 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