[{"data":1,"prerenderedAt":2004},["ShallowReactive",2],{"library-touji":3,"library-sidebar-buffett":474,"library-sidebar-dao":1478,"library-sidebar-models":1772},{"id":4,"title":5,"body":6,"category":459,"date":460,"description":461,"extension":462,"meta":463,"navigation":464,"order":465,"path":466,"seo":467,"seoDescription":468,"seoTitle":469,"slug":470,"stem":471,"__hash__":472,"_collection":473},"dao\u002Fdao\u002Fconcepts\u002Ftouji.md","投机",{"type":7,"value":8,"toc":434},"minimark",[9,12,16,37,46,59,62,67,75,86,100,104,116,129,133,141,149,153,161,171,174,177,193,197,205,211,214,232,235,243,246,250,256,267,271,281,285,299,310,315,318,332,340,346,358,361,368,377,385,392,398,406,420,426],[10,11,5],"h1",{"id":5},[13,14,15],"h2",{"id":15},"定义与起源",[17,18,19,23,24,28,29,33,34,36],"p",{},[20,21,5],"a",{"href":22},"\u002Flibrary\u002Ftouji","在",[25,26,27],"strong",{},"段永平","的框架中是与",[20,30,32],{"href":31},"\u002Flibrary\u002Fjiazhitouzi","价值投资","对立的概念。他在1999年做客人民大学时就已经在经营理念中体现了反",[20,35,5],{"href":22},"的思想——强调\"播种、耕种，然后才收获\"，反对\"投入2000万短时间挣两亿\"的诱惑。",[17,38,39,40,42,43,45],{},"在投资语境中，段永平2006年首次系统区分了投资与",[20,41,5],{"href":22},"：\"股票市场绝大多数人是在",[20,44,5],{"href":22},"的。\"（2006年新浪财经）",[47,48,49],"blockquote",{},[17,50,51,52,54,55,58],{},"\"我以前觉得所谓的股票市场就是一个很",[20,53,5],{"href":22},"的东西，说不清、道不明的东西。\"（2006年网易证券对话）——直到了解",[25,56,57],{},"巴菲特","后他才对投资有了\"豁然开朗的心情\"。",[13,60,61],{"id":61},"核心要义",[63,64,66],"h3",{"id":65},"_1-投机与投资的本质区别","1. 投机与投资的本质区别",[47,68,69],{},[17,70,71,72,74],{},"\"",[20,73,5],{"href":22},"和投资的概念，看起来在行为上似乎很近似，但结果上差异会很大。\"（2006年网易证券对话）",[47,76,77],{},[17,78,79,80,82,83,85],{},"\"投资这个游戏其实只有一个玩法，就是'",[20,81,32],{"href":31},"'。",[20,84,5],{"href":22},"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。\"（2007年网易专访）",[47,87,88],{},[17,89,90,91,93,94,96,97,99],{},"\"投资其实就是",[20,92,32],{"href":31},"。你不投价值，那你投的是什么？但",[20,95,5],{"href":22},"不一样，人家",[20,98,5],{"href":22},"投资在机会上，你这样讲也OK。\"（2025年浙大演讲）",[63,101,103],{"id":102},"_2-投机会上瘾","2. 投机会上瘾",[47,105,106],{},[17,107,108,109,111,112,115],{},"\"呵呵，",[20,110,5],{"href":22},"是会上瘾的，不好改。这是",[25,113,114],{},"芒格","说的。\"",[47,117,118],{},[17,119,120,121,123,124,128],{},"\"其实每个人都有一颗",[20,122,5],{"href":22},"的心，所以才需要信仰。我对信仰的理解就是'",[20,125,127],{"href":126},"\u002Flibrary\u002Fzuoduideshiqing","做对的事情","'，或者说知道是'不对的事情'就别做了。人们热爱做'不对的事情'是因为这类事情往往有短期诱惑。\"",[63,130,132],{"id":131},"_3-用融资就是投机","3. 用融资就是投机",[47,134,135],{},[17,136,137,138,140],{},"\"因为你从事的是很长期的事业，但是用到融资就变成短期的",[20,139,5],{"href":22},"了，一旦价格影响，就会导致你出现巨大的亏损。\"（2006年新浪财经）",[47,142,143],{},[17,144,145,146,148],{},"\"投资用的是闲钱，不然就是",[20,147,5],{"href":22},"了。\"",[63,150,152],{"id":151},"_4-投机者的下场","4. 投机者的下场",[47,154,155],{},[17,156,157,158,160],{},"\"你看那些，很",[20,159,5],{"href":22},"很有名的那些人，大部分死得都很惨。这是真事，真死了，或者说生意也死得很惨，国内也不是没有。作为一个有钱人，好好的跑去坐了牢了，你这种多想不开。\"（2025年浙大演讲）",[47,162,163],{},[17,164,71,165,167,168,170],{},[20,166,32],{"href":31},"的风险不该比开车出门大，",[20,169,5],{"href":22},"的风险不会比去赌场小。\"",[13,172,173],{"id":173},"实战案例",[63,175,176],{"id":176},"段永平自己的投机经历",[47,178,179],{},[17,180,71,181,183,184,186,187,189,190,192],{},[25,182,57],{},"有",[20,185,5],{"href":22},"过的，不是没有的，",[20,188,5],{"href":22},"是好玩，投资是赚钱的，所以是两回事，我现在也会",[20,191,5],{"href":22},"的，但是金额比较少，全力以赴押上去的就会非常的小心。\"（2006年网易证券对话）",[63,194,196],{"id":195},"做空百度最差的投机","做空百度：最差的投机",[47,198,199],{},[17,200,201,202,204],{},"\"不过，这其实不算我最差的投资，因为这根本就是彻头彻尾的",[20,203,5],{"href":22},"。以后不会再有这种例子了。\"（2010-03-07）",[17,206,207,208,210],{},"段永平做空百度亏了1.5-2亿美元，这是在",[25,209,57],{},"告诫他不要做空之后犯的错误。",[63,212,213],{"id":213},"买option是投机",[47,215,216],{},[17,217,218,219,223,224,228,229,231],{},"\"卖option其实不会有短期赚大钱的机会，但是实实在在产生净",[20,220,222],{"href":221},"\u002Flibrary\u002Fxianjinliu","现金流","的办法，在懂的",[20,225,227],{"href":226},"\u002Flibrary\u002Fjibenmian","基本面","的前提下长期而言是有机会获得高于平均市场回报的回报的。买option则是",[20,230,5],{"href":22},"，常做铁亏。\"（2011-07-16）",[63,233,234],{"id":234},"止盈止亏是投机的概念",[47,236,237],{},[17,238,239,240,242],{},"\"是的，止盈止亏都是",[20,241,5],{"href":22},"的概念。\"（2025-12-01）",[13,244,245],{"id":245},"常见误解",[63,247,249],{"id":248},"误解一短线就一定是投机","误解一：短线就一定是投机",[17,251,252,253,255],{},"段永平区分的标准不是时间长短，而是是否在买\"未来",[20,254,222],{"href":221},"\"。",[47,257,258],{},[17,259,260,261,263,264,266],{},"\"做空是比较",[20,262,5],{"href":22},"的。\"（2006年网易证券对话）——这里短不是因为时间短，而是因为做空不是在买未来",[20,265,222],{"href":221},"。",[63,268,270],{"id":269},"误解二投机总是亏钱","误解二：投机总是亏钱",[47,272,273],{},[17,274,71,275,277,278,280],{},[20,276,5],{"href":22},"是好玩，投资是赚钱的。\"——段永平承认",[20,279,5],{"href":22},"有时能赚钱，但长期来看不如投资。",[63,282,284],{"id":283},"误解三可以从投机转向投资","误解三：可以从投机转向投资",[47,286,287],{},[17,288,289,290,292,293,295,296,298],{},"\"如果股民意识到",[20,291,5],{"href":22},"无法赚钱，如果想从",[20,294,5],{"href":22},"转向投资，有什么样的心态可以从",[20,297,5],{"href":22},"转向投资？\"",[47,300,301],{},[17,302,303,304,306,307,309],{},"\"我想一、二句话是说不清楚的，起码要看整套",[25,305,57],{},"的书。这么多年，我碰到了很多的人，都看了",[25,308,57],{},"的书，但是懂了吗？\"（2006年网易证券对话）",[17,311,312,314],{},[25,313,27],{},"认为以自己10年投资的经历来看，\"还真没有见过谁真的变了\"（2011-12-31）。",[13,316,317],{"id":317},"思想演变",[17,319,320,323,324,326,327,331],{},[25,321,322],{},"1999年（经营阶段）","：在企业经营中就已经树立了反",[20,325,5],{"href":22},"的价值观——\"比如，在企业中，经常有各种各样的诱惑围绕着你，面对这些诱惑就需要",[20,328,330],{"href":329},"\u002Flibrary\u002Fpingchangxin","平常心","。\"（1999年人大演讲）",[17,333,334,337,338,266],{},[25,335,336],{},"2006年（区分投资与投机）","：首次在投资语境中系统区分投资与",[20,339,5],{"href":22},[17,341,342,345],{},[25,343,344],{},"2007-2010年（痛定思痛）","：做空百度的惨痛教训让他更加坚定\"不做空、不借钱、不做不懂的东西\"。",[17,347,348,351,352,354,355,357],{},[25,349,350],{},"2025年","：在浙大演讲和方三文对话中，用更加通俗直白的语言阐述",[20,353,5],{"href":22},"的危害，并提出\"止盈止亏都是",[20,356,5],{"href":22},"的概念\"这一清晰论断。",[13,359,360],{"id":360},"原话引用",[47,362,363],{},[17,364,365,366,45],{},"\"股票市场绝大多数人是在",[20,367,5],{"href":22},[47,369,370],{},[17,371,372,373,266,375,74],{},"\"做投资和做企业本身没有本质的差异……你要是不会做，往往就变成了",[20,374,5],{"href":22},[20,376,5],{"href":22},[47,378,379],{},[17,380,71,381,111,383,115],{},[20,382,5],{"href":22},[25,384,114],{},[47,386,387],{},[17,388,120,389,391],{},[20,390,5],{"href":22},"的心，所以才需要信仰。\"",[47,393,394],{},[17,395,145,396,148],{},[20,397,5],{"href":22},[47,399,400],{},[17,401,71,402,167,404,170],{},[20,403,32],{"href":31},[20,405,5],{"href":22},[47,407,408],{},[17,409,410,411,413,414,416,417,419],{},"\"很多人说，",[20,412,32],{"href":31},"很难。但",[20,415,5],{"href":22},"更难！",[20,418,5],{"href":22},"百分之八九十的散户都是亏钱的，牛市、熊市都亏。\"（2025年）",[47,421,422],{},[17,423,239,424,242],{},[20,425,5],{"href":22},[47,427,428],{},[17,429,430,431,433],{},"\"不打算拿十年的心态会让你很容易做一个",[20,432,5],{"href":22},"的决定。\"（2026-01-23）",{"title":435,"searchDepth":436,"depth":436,"links":437},"",2,[438,439,446,452,457,458],{"id":15,"depth":436,"text":15},{"id":61,"depth":436,"text":61,"children":440},[441,443,444,445],{"id":65,"depth":442,"text":66},3,{"id":102,"depth":442,"text":103},{"id":131,"depth":442,"text":132},{"id":151,"depth":442,"text":152},{"id":173,"depth":436,"text":173,"children":447},[448,449,450,451],{"id":176,"depth":442,"text":176},{"id":195,"depth":442,"text":196},{"id":213,"depth":442,"text":213},{"id":234,"depth":442,"text":234},{"id":245,"depth":436,"text":245,"children":453},[454,455,456],{"id":248,"depth":442,"text":249},{"id":269,"depth":442,"text":270},{"id":283,"depth":442,"text":284},{"id":317,"depth":436,"text":317},{"id":360,"depth":436,"text":360},"投资理念",null,"投机在段永平的框架中是与价值投资对立的概念。他在1999年做客人民大学时就已经在经营理念中体现了反投机的思想——强调\"播种、耕种，然后才收获\"，反对\"投入2000万短时间挣两亿\"的诱惑。","md",{},true,18,"\u002Fdao\u002Fconcepts\u002Ftouji",{"title":5,"description":461},"段永平谈投机：投机在段永平的框架中是与价值投资对立的概念。他在1999年做客人民大学时就已经在经营理念中体现了反投机的思想——强调\"播种、耕种，然后才收获\"，反对\"投入2000万短时间挣两亿\"的诱惑。","投机｜大道总纲","touji","dao\u002Fconcepts\u002Ftouji","XypaoS1pXUSpwhCHZeMKQ9huDtxhBQEUYKli2IBEV0M","dao",[475,480,484,488,491,494,497,500,503,506,510,513,516,520,523,526,530,533,536,540,543,546,550,553,556,560,563,566,570,573,576,580,583,586,590,593,596,600,603,606,610,613,616,620,623,626,630,633,636,640,643,646,649,652,655,659,662,665,669,672,675,679,682,685,689,692,695,699,702,705,709,712,715,719,722,725,729,732,735,739,742,745,749,752,755,759,762,765,769,772,775,779,782,785,789,792,795,799,802,805,809,812,816,819,823,826,830,833,837,840,844,847,851,854,858,861,865,868,872,875,879,882,886,889,893,896,900,903,907,910,914,917,921,924,928,931,935,938,942,945,949,952,956,959,963,966,970,973,977,980,984,987,991,994,998,1001,1005,1008,1012,1015,1019,1022,1026,1029,1033,1036,1040,1043,1047,1050,1054,1057,1061,1064,1068,1071,1075,1078,1082,1085,1089,1092,1096,1099,1103,1106,1110,1113,1117,1120,1124,1127,1131,1134,1138,1141,1145,1148,1152,1155,1159,1162,1166,1169,1173,1176,1180,1183,1187,1190,1194,1197,1201,1204,1208,1211,1215,1218,1222,1225,1229,1232,1236,1239,1243,1246,1250,1253,1257,1260,1264,1267,1271,1274,1278,1282,1286,1290,1294,1298,1302,1306,1310,1314,1318,1322,1326,1330,1334,1338,1342,1346,1350,1354,1358,1362,1366,1370,1374,1378,1382,1386,1390,1394,1398,1402,1406,1410,1414,1418,1422,1426,1430,1434,1438,1442,1446,1450,1454,1458,1462,1466,1470,1474],{"title":476,"slug":477,"category":478,"order":479},"1956 有限合伙协议","1956-you-xian-he-huo-xie-yi","致股东信",1,{"title":481,"slug":482,"category":483,"order":479},"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":485,"slug":486,"category":487,"order":479},"1994年伯克希尔股东大会","1994nian-bo-ke-xi-er-gu-dong-da-hui","股东大会",{"title":489,"slug":490,"category":478,"order":436},"1957 巴菲特致合伙人信","1957-ba-fei-te-zhi-he-huo-ren-xin",{"title":492,"slug":493,"category":483,"order":436},"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":495,"slug":496,"category":487,"order":436},"1995年伯克希尔股东大会","1995nian-bo-ke-xi-er-gu-dong-da-hui",{"title":498,"slug":499,"category":478,"order":442},"1958 巴菲特致合伙人信","1958-ba-fei-te-zhi-he-huo-ren-xin",{"title":501,"slug":502,"category":483,"order":442},"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":504,"slug":505,"category":487,"order":442},"1996年伯克希尔股东大会","1996nian-bo-ke-xi-er-gu-dong-da-hui",{"title":507,"slug":508,"category":478,"order":509},"1959 巴菲特致合伙人信","1959-ba-fei-te-zhi-he-huo-ren-xin",4,{"title":511,"slug":512,"category":483,"order":509},"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":514,"slug":515,"category":487,"order":509},"1997年伯克希尔股东大会","1997nian-bo-ke-xi-er-gu-dong-da-hui",{"title":517,"slug":518,"category":478,"order":519},"1960 巴菲特致合伙人信","1960-ba-fei-te-zhi-he-huo-ren-xin",5,{"title":521,"slug":522,"category":483,"order":519},"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":524,"slug":525,"category":487,"order":519},"1998年伯克希尔股东大会","1998nian-bo-ke-xi-er-gu-dong-da-hui",{"title":527,"slug":528,"category":478,"order":529},"1961 巴菲特致合伙人信","1961-ba-fei-te-zhi-he-huo-ren-xin",6,{"title":531,"slug":532,"category":483,"order":529},"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":534,"slug":535,"category":487,"order":529},"1999年伯克希尔股东大会","1999nian-bo-ke-xi-er-gu-dong-da-hui",{"title":537,"slug":538,"category":478,"order":539},"1961年中 巴菲特致合伙人信","1961nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",7,{"title":541,"slug":542,"category":483,"order":539},"巴菲特：1976年巴菲特谈GEICO","ba-fei-te-1976nian-ba-fei-te-tan-geico",{"title":544,"slug":545,"category":487,"order":539},"2000年伯克希尔股东大会","2000nian-bo-ke-xi-er-gu-dong-da-hui",{"title":547,"slug":548,"category":478,"order":549},"1962 巴菲特致合伙人信","1962-ba-fei-te-zhi-he-huo-ren-xin",8,{"title":551,"slug":552,"category":483,"order":549},"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":554,"slug":555,"category":487,"order":549},"2001年伯克希尔股东大会","2001nian-bo-ke-xi-er-gu-dong-da-hui",{"title":557,"slug":558,"category":478,"order":559},"1962年11月 巴菲特致合伙人信","1962nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",9,{"title":561,"slug":562,"category":483,"order":559},"巴菲特：1977年谈通货膨胀","ba-fei-te-1977nian-tan-tong-huo-peng-zhang",{"title":564,"slug":565,"category":487,"order":559},"2002年伯克希尔股东大会","2002nian-bo-ke-xi-er-gu-dong-da-hui",{"title":567,"slug":568,"category":478,"order":569},"1962年12月 巴菲特致合伙人信","1962nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",10,{"title":571,"slug":572,"category":483,"order":569},"巴菲特：1979年谈股市","ba-fei-te-1979nian-tan-gu-shi",{"title":574,"slug":575,"category":487,"order":569},"2003年伯克希尔股东大会","2003nian-bo-ke-xi-er-gu-dong-da-hui",{"title":577,"slug":578,"category":478,"order":579},"1962年中 巴菲特致合伙人信","1962nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",11,{"title":581,"slug":582,"category":483,"order":579},"巴菲特：1982年谈指数期货","ba-fei-te-1982nian-tan-zhi-shu-qi-huo",{"title":584,"slug":585,"category":487,"order":579},"2004年伯克希尔股东大会","2004nian-bo-ke-xi-er-gu-dong-da-hui",{"title":587,"slug":588,"category":478,"order":589},"1963 巴菲特致合伙人信","1963-ba-fei-te-zhi-he-huo-ren-xin",12,{"title":591,"slug":592,"category":483,"order":589},"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":594,"slug":595,"category":487,"order":589},"2005年伯克希尔股东大会","2005nian-bo-ke-xi-er-gu-dong-da-hui",{"title":597,"slug":598,"category":478,"order":599},"1963年11月 巴菲特致合伙人信","1963nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",13,{"title":601,"slug":602,"category":483,"order":599},"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":604,"slug":605,"category":487,"order":599},"2006年伯克希尔股东大会","2006nian-bo-ke-xi-er-gu-dong-da-hui",{"title":607,"slug":608,"category":478,"order":609},"1963年12月 巴菲特致合伙人信","1963nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",14,{"title":611,"slug":612,"category":483,"order":609},"巴菲特：1984年哥大商学院演讲","ba-fei-te-1984nian-ge-da-shang-xue-yuan-yan-jiang",{"title":614,"slug":615,"category":487,"order":609},"2007年伯克希尔股东大会","2007nian-bo-ke-xi-er-gu-dong-da-hui",{"title":617,"slug":618,"category":478,"order":619},"1963年中 巴菲特致合伙人信","1963nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",15,{"title":621,"slug":622,"category":483,"order":619},"巴菲特：1985年谈投资","ba-fei-te-1985nian-tan-tou-zi",{"title":624,"slug":625,"category":487,"order":619},"2008年伯克希尔股东大会","2008nian-bo-ke-xi-er-gu-dong-da-hui",{"title":627,"slug":628,"category":478,"order":629},"1964 巴菲特致合伙人信","1964-ba-fei-te-zhi-he-huo-ren-xin",16,{"title":631,"slug":632,"category":483,"order":629},"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":634,"slug":635,"category":487,"order":629},"2009年伯克希尔股东大会","2009nian-bo-ke-xi-er-gu-dong-da-hui",{"title":637,"slug":638,"category":478,"order":639},"1964年中 巴菲特致合伙人信","1964nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",17,{"title":641,"slug":642,"category":483,"order":639},"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":644,"slug":645,"category":487,"order":639},"2010年伯克希尔股东大会","2010nian-bo-ke-xi-er-gu-dong-da-hui",{"title":647,"slug":648,"category":478,"order":465},"1965 巴菲特致合伙人信","1965-ba-fei-te-zhi-he-huo-ren-xin",{"title":650,"slug":651,"category":483,"order":465},"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":653,"slug":654,"category":487,"order":465},"2011年伯克希尔股东大会","2011nian-bo-ke-xi-er-gu-dong-da-hui",{"title":656,"slug":657,"category":478,"order":658},"1965 巴菲特致股东信","1965-ba-fei-te-zhi-gu-dong-xin",19,{"title":660,"slug":661,"category":483,"order":658},"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":663,"slug":664,"category":487,"order":658},"2012年伯克希尔股东大会","2012nian-bo-ke-xi-er-gu-dong-da-hui",{"title":666,"slug":667,"category":478,"order":668},"1965年11月 巴菲特致合伙人信","1965nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",20,{"title":670,"slug":671,"category":483,"order":668},"巴菲特：1988年谈投资","ba-fei-te-1988nian-tan-tou-zi",{"title":673,"slug":674,"category":487,"order":668},"2013年伯克希尔股东大会","2013nian-bo-ke-xi-er-gu-dong-da-hui",{"title":676,"slug":677,"category":478,"order":678},"1965年中 巴菲特致合伙人信","1965nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",21,{"title":680,"slug":681,"category":483,"order":678},"巴菲特：1990年斯坦福法学院演讲","ba-fei-te-1990nian-si-tan-fu-fa-xue-yuan-yan-jiang",{"title":683,"slug":684,"category":487,"order":678},"2014年伯克希尔股东大会","2014nian-bo-ke-xi-er-gu-dong-da-hui",{"title":686,"slug":687,"category":478,"order":688},"1966 巴菲特致合伙人信","1966-ba-fei-te-zhi-he-huo-ren-xin",22,{"title":690,"slug":691,"category":483,"order":688},"巴菲特：1991年 年喜诗糖果70 周年纪念","ba-fei-te-1991nian-nian-xi-shi-tang-guo-70-zhou-nian-ji-nian",{"title":693,"slug":694,"category":487,"order":688},"2015年伯克希尔股东大会","2015nian-bo-ke-xi-er-gu-dong-da-hui",{"title":696,"slug":697,"category":478,"order":698},"1966 巴菲特致股东信","1966-ba-fei-te-zhi-gu-dong-xin",23,{"title":700,"slug":701,"category":483,"order":698},"巴菲特：1991年圣母大学演讲","ba-fei-te-1991nian-sheng-mu-da-xue-yan-jiang",{"title":703,"slug":704,"category":487,"order":698},"2016年伯克希尔股东大会","2016nian-bo-ke-xi-er-gu-dong-da-hui",{"title":706,"slug":707,"category":478,"order":708},"1966年11月 巴菲特致合伙人信","1966nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",24,{"title":710,"slug":711,"category":483,"order":708},"巴菲特：1991年巴菲特致所罗门股东信","ba-fei-te-1991nian-ba-fei-te-zhi-suo-luo-men-gu-dong-xin",{"title":713,"slug":714,"category":487,"order":708},"2017年伯克希尔股东大会","2017nian-bo-ke-xi-er-gu-dong-da-hui",{"title":716,"slug":717,"category":478,"order":718},"1966年中 巴菲特致合伙人信","1966nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",25,{"title":720,"slug":721,"category":483,"order":718},"巴菲特：1992年巴菲特奥马哈新闻俱乐部","ba-fei-te-1992nian-ba-fei-te-ao-ma-ha-xin-wen-ju-le-bu",{"title":723,"slug":724,"category":487,"order":718},"2018年伯克希尔股东大会","2018nian-bo-ke-xi-er-gu-dong-da-hui",{"title":726,"slug":727,"category":478,"order":728},"1967 巴菲特致合伙人信","1967-ba-fei-te-zhi-he-huo-ren-xin",26,{"title":730,"slug":731,"category":483,"order":728},"巴菲特：1994年内布拉斯加大学演讲","ba-fei-te-1994nian-nei-bu-la-si-jia-da-xue-yan-jiang",{"title":733,"slug":734,"category":487,"order":728},"2019年伯克希尔股东大会","2019nian-bo-ke-xi-er-gu-dong-da-hui",{"title":736,"slug":737,"category":478,"order":738},"1967 巴菲特致股东信","1967-ba-fei-te-zhi-gu-dong-xin",27,{"title":740,"slug":741,"category":483,"order":738},"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":743,"slug":744,"category":487,"order":738},"2020年伯克希尔股东大会","2020nian-bo-ke-xi-er-gu-dong-da-hui",{"title":746,"slug":747,"category":478,"order":748},"1967年10月 巴菲特致合伙人信","1967nian-10yue-ba-fei-te-zhi-he-huo-ren-xin",28,{"title":750,"slug":751,"category":483,"order":748},"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":753,"slug":754,"category":487,"order":748},"2021年伯克希尔股东大会","2021nian-bo-ke-xi-er-gu-dong-da-hui",{"title":756,"slug":757,"category":478,"order":758},"1967年11月 巴菲特致合伙人信","1967nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",29,{"title":760,"slug":761,"category":483,"order":758},"巴菲特：1997年巴菲特谈微软的信","ba-fei-te-1997nian-ba-fei-te-tan-wei-ruan-de-xin",{"title":763,"slug":764,"category":487,"order":758},"2022年伯克希尔股东大会","2022nian-bo-ke-xi-er-gu-dong-da-hui",{"title":766,"slug":767,"category":478,"order":768},"1967年中 巴菲特致合伙人信","1967nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",30,{"title":770,"slug":771,"category":483,"order":768},"巴菲特：1998年佛罗里达大学演讲","ba-fei-te-1998nian-fo-luo-li-da-da-xue-yan-jiang",{"title":773,"slug":774,"category":487,"order":768},"2023年伯克希尔股东大会","2023nian-bo-ke-xi-er-gu-dong-da-hui",{"title":776,"slug":777,"category":478,"order":778},"1968 巴菲特致合伙人信","1968-ba-fei-te-zhi-he-huo-ren-xin",31,{"title":780,"slug":781,"category":483,"order":778},"巴菲特：1998年华盛顿大学谈话","ba-fei-te-1998nian-hua-sheng-dun-da-xue-tan-hua",{"title":783,"slug":784,"category":487,"order":778},"2024年伯克希尔股东大会","2024nian-bo-ke-xi-er-gu-dong-da-hui",{"title":786,"slug":787,"category":478,"order":788},"1968 巴菲特致股东信","1968-ba-fei-te-zhi-gu-dong-xin",32,{"title":790,"slug":791,"category":483,"order":788},"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":793,"slug":794,"category":487,"order":788},"2025年伯克希尔股东大会","2025nian-bo-ke-xi-er-gu-dong-da-hui",{"title":796,"slug":797,"category":478,"order":798},"1968年11月 巴菲特致合伙人信","1968nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",33,{"title":800,"slug":801,"category":483,"order":798},"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":803,"slug":804,"category":487,"order":798},"2026年伯克希尔股东大会","2026nian-bo-ke-xi-er-gu-dong-da-hui",{"title":806,"slug":807,"category":478,"order":808},"1968年中 巴菲特致合伙人信","1968nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",34,{"title":810,"slug":811,"category":483,"order":808},"巴菲特：1999年巴菲特谈股市","ba-fei-te-1999nian-ba-fei-te-tan-gu-shi",{"title":813,"slug":814,"category":478,"order":815},"1969 巴菲特致股东信","1969-ba-fei-te-zhi-gu-dong-xin",35,{"title":817,"slug":818,"category":483,"order":815},"巴菲特：2001年佐治亚大学演讲","ba-fei-te-2001nian-zuo-zhi-ya-da-xue-yan-jiang",{"title":820,"slug":821,"category":478,"order":822},"1969年10月 巴菲特致合伙人信","1969nian-10yue-ba-fei-te-zhi-he-huo-ren-xin",36,{"title":824,"slug":825,"category":483,"order":822},"巴菲特：2001年保险业的FDIC","ba-fei-te-2001nian-bao-xian-ye-de-fdic",{"title":827,"slug":828,"category":478,"order":829},"1969年12月 巴菲特致合伙人信","1969nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",37,{"title":831,"slug":832,"category":483,"order":829},"巴菲特：2001年对话内大商学院","ba-fei-te-2001nian-dui-hua-nei-da-shang-xue-yuan",{"title":834,"slug":835,"category":478,"order":836},"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":838,"slug":839,"category":483,"order":836},"巴菲特：2001年巴菲特谈股市","ba-fei-te-2001nian-ba-fei-te-tan-gu-shi",{"title":841,"slug":842,"category":478,"order":843},"1969年5月 巴菲特致合伙人信","1969nian-5yue-ba-fei-te-zhi-he-huo-ren-xin",39,{"title":845,"slug":846,"category":483,"order":843},"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":848,"slug":849,"category":478,"order":850},"1970 巴菲特致股东信","1970-ba-fei-te-zhi-gu-dong-xin",40,{"title":852,"slug":853,"category":483,"order":850},"巴菲特：2002年哥大商学院演讲","ba-fei-te-2002nian-ge-da-shang-xue-yuan-yan-jiang",{"title":855,"slug":856,"category":478,"order":857},"1970年2月 巴菲特致合伙人信","1970nian-2yue-ba-fei-te-zhi-he-huo-ren-xin",41,{"title":859,"slug":860,"category":483,"order":857},"巴菲特：2002年股票期权与常识","ba-fei-te-2002nian-gu-piao-qi-quan-yu-chang-shi",{"title":862,"slug":863,"category":478,"order":864},"1971 巴菲特致股东信","1971-ba-fei-te-zhi-gu-dong-xin",42,{"title":866,"slug":867,"category":483,"order":864},"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":869,"slug":870,"category":478,"order":871},"1972 巴菲特致股东信","1972-ba-fei-te-zhi-gu-dong-xin",43,{"title":873,"slug":874,"category":483,"order":871},"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":876,"slug":877,"category":478,"order":878},"1973 巴菲特致股东信","1973-ba-fei-te-zhi-gu-dong-xin",44,{"title":880,"slug":881,"category":483,"order":878},"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":883,"slug":884,"category":478,"order":885},"1974 巴菲特致股东信","1974-ba-fei-te-zhi-gu-dong-xin",45,{"title":887,"slug":888,"category":483,"order":885},"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":890,"slug":891,"category":478,"order":892},"1975 巴菲特致股东信","1975-ba-fei-te-zhi-gu-dong-xin",46,{"title":894,"slug":895,"category":483,"order":892},"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":897,"slug":898,"category":478,"order":899},"1976 巴菲特致股东信","1976-ba-fei-te-zhi-gu-dong-xin",47,{"title":901,"slug":902,"category":483,"order":899},"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":904,"slug":905,"category":478,"order":906},"1977 巴菲特致股东信","1977-ba-fei-te-zhi-gu-dong-xin",48,{"title":908,"slug":909,"category":483,"order":906},"巴菲特：2003年沃伦在担心什么","ba-fei-te-2003nian-wo-lun-zai-dan-xin-shi-me",{"title":911,"slug":912,"category":478,"order":913},"1978 巴菲特致股东信","1978-ba-fei-te-zhi-gu-dong-xin",49,{"title":915,"slug":916,"category":483,"order":913},"巴菲特：2003年股息巫术","ba-fei-te-2003nian-gu-xi-wu-shu",{"title":918,"slug":919,"category":478,"order":920},"1979 巴菲特致股东信","1979-ba-fei-te-zhi-gu-dong-xin",50,{"title":922,"slug":923,"category":483,"order":920},"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":925,"slug":926,"category":478,"order":927},"1980 巴菲特致股东信","1980-ba-fei-te-zhi-gu-dong-xin",51,{"title":929,"slug":930,"category":483,"order":927},"巴菲特：2004年专访苏珊·巴菲特","ba-fei-te-2004nian-zhuan-fang-su-shan-ba-fei-te",{"title":932,"slug":933,"category":478,"order":934},"1981 巴菲特致股东信","1981-ba-fei-te-zhi-gu-dong-xin",52,{"title":936,"slug":937,"category":483,"order":934},"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":939,"slug":940,"category":478,"order":941},"1982 巴菲特致股东信","1982-ba-fei-te-zhi-gu-dong-xin",53,{"title":943,"slug":944,"category":483,"order":941},"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":946,"slug":947,"category":478,"order":948},"1983 巴菲特致股东信","1983-ba-fei-te-zhi-gu-dong-xin",54,{"title":950,"slug":951,"category":483,"order":948},"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":953,"slug":954,"category":478,"order":955},"1984 巴菲特致股东信","1984-ba-fei-te-zhi-gu-dong-xin",55,{"title":957,"slug":958,"category":483,"order":955},"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":960,"slug":961,"category":478,"order":962},"1985 巴菲特致股东信","1985-ba-fei-te-zhi-gu-dong-xin",56,{"title":964,"slug":965,"category":483,"order":962},"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":967,"slug":968,"category":478,"order":969},"1986 巴菲特致股东信","1986-ba-fei-te-zhi-gu-dong-xin",57,{"title":971,"slug":972,"category":483,"order":969},"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":974,"slug":975,"category":478,"order":976},"1987 巴菲特致股东信","1987-ba-fei-te-zhi-gu-dong-xin",58,{"title":978,"slug":979,"category":483,"order":976},"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":981,"slug":982,"category":478,"order":983},"1988 巴菲特致股东信","1988-ba-fei-te-zhi-gu-dong-xin",59,{"title":985,"slug":986,"category":483,"order":983},"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":988,"slug":989,"category":478,"order":990},"1989 巴菲特致股东信","1989-ba-fei-te-zhi-gu-dong-xin",60,{"title":992,"slug":993,"category":483,"order":990},"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":995,"slug":996,"category":478,"order":997},"1990 巴菲特致股东信","1990-ba-fei-te-zhi-gu-dong-xin",61,{"title":999,"slug":1000,"category":483,"order":997},"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":1002,"slug":1003,"category":478,"order":1004},"1991 巴菲特致股东信","1991-ba-fei-te-zhi-gu-dong-xin",62,{"title":1006,"slug":1007,"category":483,"order":1004},"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":1009,"slug":1010,"category":478,"order":1011},"1992 巴菲特致股东信","1992-ba-fei-te-zhi-gu-dong-xin",63,{"title":1013,"slug":1014,"category":483,"order":1011},"巴菲特：2006年慈善捐赠承诺","ba-fei-te-2006nian-ci-shan-juan-zeng-cheng-nuo",{"title":1016,"slug":1017,"category":478,"order":1018},"1993 巴菲特致股东信","1993-ba-fei-te-zhi-gu-dong-xin",64,{"title":1020,"slug":1021,"category":483,"order":1018},"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":1023,"slug":1024,"category":478,"order":1025},"1994 巴菲特致股东信","1994-ba-fei-te-zhi-gu-dong-xin",65,{"title":1027,"slug":1028,"category":483,"order":1025},"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":1030,"slug":1031,"category":478,"order":1032},"1995 巴菲特致股东信","1995-ba-fei-te-zhi-gu-dong-xin",66,{"title":1034,"slug":1035,"category":483,"order":1032},"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":1037,"slug":1038,"category":478,"order":1039},"1996 巴菲特致股东信","1996-ba-fei-te-zhi-gu-dong-xin",67,{"title":1041,"slug":1042,"category":483,"order":1039},"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":1044,"slug":1045,"category":478,"order":1046},"1997 巴菲特致股东信","1997-ba-fei-te-zhi-gu-dong-xin",68,{"title":1048,"slug":1049,"category":483,"order":1046},"巴菲特：2007年巴菲特接见Dardashti","ba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti",{"title":1051,"slug":1052,"category":478,"order":1053},"1998 巴菲特致股东信","1998-ba-fei-te-zhi-gu-dong-xin",69,{"title":1055,"slug":1056,"category":483,"order":1053},"巴菲特：2007年接受央视专访","ba-fei-te-2007nian-jie-shou-yang-shi-zhuan-fang",{"title":1058,"slug":1059,"category":478,"order":1060},"1999 巴菲特致股东信","1999-ba-fei-te-zhi-gu-dong-xin",70,{"title":1062,"slug":1063,"category":483,"order":1060},"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":1065,"slug":1066,"category":478,"order":1067},"2000 巴菲特致股东信","2000-ba-fei-te-zhi-gu-dong-xin",71,{"title":1069,"slug":1070,"category":483,"order":1067},"巴菲特：2007年查理罗斯专访","ba-fei-te-2007nian-cha-li-luo-si-zhuan-fang",{"title":1072,"slug":1073,"category":478,"order":1074},"2001 巴菲特致股东信","2001-ba-fei-te-zhi-gu-dong-xin",72,{"title":1076,"slug":1077,"category":483,"order":1074},"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":1079,"slug":1080,"category":478,"order":1081},"2002 巴菲特致股东信","2002-ba-fei-te-zhi-gu-dong-xin",73,{"title":1083,"slug":1084,"category":483,"order":1081},"巴菲特：2008年买入美国正当时","ba-fei-te-2008nian-mai-ru-mei-guo-zheng-dang-shi",{"title":1086,"slug":1087,"category":478,"order":1088},"2003 巴菲特致股东信","2003-ba-fei-te-zhi-gu-dong-xin",74,{"title":1090,"slug":1091,"category":483,"order":1088},"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":1093,"slug":1094,"category":478,"order":1095},"2004 巴菲特致股东信","2004-ba-fei-te-zhi-gu-dong-xin",75,{"title":1097,"slug":1098,"category":483,"order":1095},"巴菲特：2008年对话商学院学生","ba-fei-te-2008nian-dui-hua-shang-xue-yuan-xue-sheng",{"title":1100,"slug":1101,"category":478,"order":1102},"2005 巴菲特致股东信","2005-ba-fei-te-zhi-gu-dong-xin",76,{"title":1104,"slug":1105,"category":483,"order":1102},"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":1107,"slug":1108,"category":478,"order":1109},"2006 巴菲特致股东信","2006-ba-fei-te-zhi-gu-dong-xin",77,{"title":1111,"slug":1112,"category":483,"order":1109},"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":1114,"slug":1115,"category":478,"order":1116},"2007 巴菲特致股东信","2007-ba-fei-te-zhi-gu-dong-xin",78,{"title":1118,"slug":1119,"category":483,"order":1116},"巴菲特：2008年给保尔森的信","ba-fei-te-2008nian-gei-bao-er-sen-de-xin",{"title":1121,"slug":1122,"category":478,"order":1123},"2008 巴菲特致股东信","2008-ba-fei-te-zhi-gu-dong-xin",79,{"title":1125,"slug":1126,"category":483,"order":1123},"巴菲特：2008年解析经济危机","ba-fei-te-2008nian-jie-xi-jing-ji-wei-ji",{"title":1128,"slug":1129,"category":478,"order":1130},"2009 巴菲特致股东信","2009-ba-fei-te-zhi-gu-dong-xin",80,{"title":1132,"slug":1133,"category":483,"order":1130},"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":1135,"slug":1136,"category":478,"order":1137},"2010 巴菲特致股东信","2010-ba-fei-te-zhi-gu-dong-xin",81,{"title":1139,"slug":1140,"category":483,"order":1137},"巴菲特：2009年CNBC 专访","ba-fei-te-2009nian-cnbc-zhuan-fang",{"title":1142,"slug":1143,"category":478,"order":1144},"2011 巴菲特致股东信","2011-ba-fei-te-zhi-gu-dong-xin",82,{"title":1146,"slug":1147,"category":483,"order":1144},"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":1149,"slug":1150,"category":478,"order":1151},"2012 巴菲特致股东信","2012-ba-fei-te-zhi-gu-dong-xin",83,{"title":1153,"slug":1154,"category":483,"order":1151},"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":1156,"slug":1157,"category":478,"order":1158},"2013 巴菲特致股东信","2013-ba-fei-te-zhi-gu-dong-xin",84,{"title":1160,"slug":1161,"category":483,"order":1158},"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":1163,"slug":1164,"category":478,"order":1165},"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":1167,"slug":1168,"category":483,"order":1165},"巴菲特：2009年收购BNSF 铁路","ba-fei-te-2009nian-shou-gou-bnsf-tie-lu",{"title":1170,"slug":1171,"category":478,"order":1172},"2014 副董事长的思考","2014-fu-dong-shi-chang-de-si-kao",86,{"title":1174,"slug":1175,"category":483,"order":1172},"巴菲特：2009年美元效应","ba-fei-te-2009nian-mei-yuan-xiao-ying",{"title":1177,"slug":1178,"category":478,"order":1179},"2014 巴菲特致股东信","2014-ba-fei-te-zhi-gu-dong-xin",87,{"title":1181,"slug":1182,"category":483,"order":1179},"教学方法期刊","ba-fei-te-2009nian-a-ke-lun-da-xue-shang-xue-yuan-wen-da-shi-lu",{"title":1184,"slug":1185,"category":478,"order":1186},"2015 巴菲特致股东信","2015-ba-fei-te-zhi-gu-dong-xin",88,{"title":1188,"slug":1189,"category":483,"order":1186},"巴菲特：2010年\"捐赠誓言\"计划","ba-fei-te-2010nian-juan-zeng-shi-yan-ji-hua",{"title":1191,"slug":1192,"category":478,"order":1193},"2016 巴菲特致股东信","2016-ba-fei-te-zhi-gu-dong-xin",89,{"title":1195,"slug":1196,"category":483,"order":1193},"巴菲特：2010年CNBC 专访","ba-fei-te-2010nian-cnbc-zhuan-fang",{"title":1198,"slug":1199,"category":478,"order":1200},"2017 巴菲特致股东信","2017-ba-fei-te-zhi-gu-dong-xin",90,{"title":1202,"slug":1203,"category":483,"order":1200},"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":1205,"slug":1206,"category":478,"order":1207},"2018 巴菲特致股东信","2018-ba-fei-te-zhi-gu-dong-xin",91,{"title":1209,"slug":1210,"category":483,"order":1207},"巴菲特：2010年央视财经采访","ba-fei-te-2010nian-yang-shi-cai-jing-cai-fang",{"title":1212,"slug":1213,"category":478,"order":1214},"2019 巴菲特致股东信","2019-ba-fei-te-zhi-gu-dong-xin",92,{"title":1216,"slug":1217,"category":483,"order":1214},"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":1219,"slug":1220,"category":478,"order":1221},"2020 巴菲特致股东信","2020-ba-fei-te-zhi-gu-dong-xin",93,{"title":1223,"slug":1224,"category":483,"order":1221},"巴菲特：2010年慈善中国行","ba-fei-te-2010nian-ci-shan-zhong-guo-xing",{"title":1226,"slug":1227,"category":478,"order":1228},"2021 巴菲特致股东信","2021-ba-fei-te-zhi-gu-dong-xin",94,{"title":1230,"slug":1231,"category":483,"order":1228},"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":1233,"slug":1234,"category":478,"order":1235},"2022 巴菲特致股东信","2022-ba-fei-te-zhi-gu-dong-xin",95,{"title":1237,"slug":1238,"category":483,"order":1235},"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":1240,"slug":1241,"category":478,"order":1242},"2023 巴菲特致股东信","2023-ba-fei-te-zhi-gu-dong-xin",96,{"title":1244,"slug":1245,"category":483,"order":1242},"巴菲特：2011年500 亿美元的决定","ba-fei-te-2011nian-500-yi-mei-yuan-de-jue-ding",{"title":1247,"slug":1248,"category":478,"order":1249},"2024 巴菲特致股东信","2024-ba-fei-te-zhi-gu-dong-xin",97,{"title":1251,"slug":1252,"category":483,"order":1249},"巴菲特：2011年CNBC 专访","ba-fei-te-2011nian-cnbc-zhuan-fang",{"title":1254,"slug":1255,"category":478,"order":1256},"2025 巴菲特致股东信","2025-ba-fei-te-zhi-gu-dong-xin",98,{"title":1258,"slug":1259,"category":483,"order":1256},"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":1261,"slug":1262,"category":478,"order":1263},"2025 感恩节致辞","2025-gan-en-jie-zhi-ci",99,{"title":1265,"slug":1266,"category":483,"order":1263},"巴菲特：2011年查理·罗斯专访","ba-fei-te-2011nian-cha-li-luo-si-zhuan-fang",{"title":1268,"slug":1269,"category":478,"order":1270},"2026 阿贝尔致股东信","2026-a-bei-er-zhi-gu-dong-xin",100,{"title":1272,"slug":1273,"category":483,"order":1270},"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":1275,"slug":1276,"category":483,"order":1277},"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":1279,"slug":1280,"category":483,"order":1281},"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":1283,"slug":1284,"category":483,"order":1285},"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":1287,"slug":1288,"category":483,"order":1289},"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":1291,"slug":1292,"category":483,"order":1293},"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":1295,"slug":1296,"category":483,"order":1297},"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":1299,"slug":1300,"category":483,"order":1301},"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":1303,"slug":1304,"category":483,"order":1305},"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":1307,"slug":1308,"category":483,"order":1309},"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":1311,"slug":1312,"category":483,"order":1313},"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":1315,"slug":1316,"category":483,"order":1317},"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":1319,"slug":1320,"category":483,"order":1321},"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":1323,"slug":1324,"category":483,"order":1325},"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":1327,"slug":1328,"category":483,"order":1329},"巴菲特：2015年对话IVEY 商学院学生","ba-fei-te-2015nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",114,{"title":1331,"slug":1332,"category":483,"order":1333},"巴菲特：2015年扩大所得税抵免比提高最低工资更好","ba-fei-te-2015nian-kuo-da-suo-de-shui-di-mian-bi-ti-gao-zui-di-gong-zi-geng-hao",115,{"title":1335,"slug":1336,"category":483,"order":1337},"亚利桑那州立大学雷鸟全球领导力教授杰夫·坎宁安采访沃伦·巴菲特（2015年）","ba-fei-te-2015nian-jie-shou-ya-li-sang-na-zhou-li-da-xue-ling-dao-li-jiao-shou-jie-fu-kan-ning-an-de-zhuan-fang-shi-lu",116,{"title":1339,"slug":1340,"category":483,"order":1341},"巴菲特：2015年追忆唐基奥","ba-fei-te-2015nian-zhui-yi-tang-ji-ao",117,{"title":1343,"slug":1344,"category":483,"order":1345},"巴菲特：2015慈善承诺倡议","ba-fei-te-2015ci-shan-cheng-nuo-chang-yi",118,{"title":1347,"slug":1348,"category":483,"order":1349},"巴菲特：2016年对话八所商学院学生2016","ba-fei-te-2016nian-dui-hua-ba-suo-shang-xue-yuan-xue-sheng-2016",119,{"title":1351,"slug":1352,"category":483,"order":1353},"标题：《巴菲特：2017 年哥伦比亚大学高校面谈——人生最美好的事是什么？》","ba-fei-te-2017-nian-ge-lun-bi-ya-da-xue-gao-xiao-mian-tan-ren-sheng-zui-mei-hao-de-shi-shi-shi-me",120,{"title":1355,"slug":1356,"category":483,"order":1357},"巴菲特：2017年对话北京大学学生：最好的投资是投资自己","ba-fei-te-2017nian-dui-hua-bei-jing-da-xue-xue-sheng-zui-hao-de-tou-zi-shi-tou-zi-zi-ji",121,{"title":1359,"slug":1360,"category":483,"order":1361},"巴菲特：2017年接受CNBC采访","ba-fei-te-2017nian-jie-shou-cnbccai-fang",122,{"title":1363,"slug":1364,"category":483,"order":1365},"巴菲特：2017年接受PBS NEWS专访","ba-fei-te-2017nian-jie-shou-pbs-newszhuan-fang",123,{"title":1367,"slug":1368,"category":483,"order":1369},"巴菲特：2017年查理·罗斯访谈：比尔·盖茨与沃伦·巴菲特","ba-fei-te-2017nian-cha-li-luo-si-fang-tan-bi-er-gai-ci-yu-wo-lun-ba-fei-te",124,{"title":1371,"slug":1372,"category":483,"order":1373},"巴菲特：2017年美国的未来","ba-fei-te-2017nian-mei-guo-de-wei-lai",125,{"title":1375,"slug":1376,"category":483,"order":1377},"巴菲特：2018年再度邀请北大光华学子共进午餐问答全记录","ba-fei-te-2018nian-zai-du-yao-qing-bei-da-guang-hua-xue-zi-gong-jin-wu-can-wen-da-quan-ji-lu",126,{"title":1379,"slug":1380,"category":483,"order":1381},"巴菲特：2018年时代周刊-分享美国财富的秘密","ba-fei-te-2018nian-shi-dai-zhou-kan-fen-xiang-mei-guo-cai-fu-de-mi-mi",127,{"title":1383,"slug":1384,"category":483,"order":1385},"巴菲特：2019年5月雅虎财经专访","ba-fei-te-2019nian-5yue-ya-hu-cai-jing-zhuan-fang",128,{"title":1387,"slug":1388,"category":483,"order":1389},"巴菲特：2019年与芒格及比尔盖茨接受CNBC采访","ba-fei-te-2019nian-yu-mang-ge-ji-bi-er-gai-ci-jie-shou-cnbccai-fang",129,{"title":1391,"slug":1392,"category":483,"order":1393},"巴菲特：2020年接受CNBC专访","ba-fei-te-2020nian-jie-shou-cnbczhuan-fang",130,{"title":1395,"slug":1396,"category":483,"order":1397},"巴菲特：2020年给内布拉斯加大学林肯分校2020届毕业生的建议","ba-fei-te-2020nian-gei-nei-bu-la-si-jia-da-xue-lin-ken-fen-xiao-2020jie-bi-ye-sheng-de-jian-yi",131,{"title":1399,"slug":1400,"category":483,"order":1401},"巴菲特：2021年专访《成为巴菲特》","ba-fei-te-2021nian-zhuan-fang-cheng-wei-ba-fei-te",132,{"title":1403,"slug":1404,"category":483,"order":1405},"巴菲特：2021年巴菲特芒格接受CNBC专访","ba-fei-te-2021nian-ba-fei-te-mang-ge-jie-shou-cnbczhuan-fang",133,{"title":1407,"slug":1408,"category":483,"order":1409},"巴菲特：2021年让观众无言以对 !有史以来最鼓舞人心的演讲之一","ba-fei-te-2021nian-rang-guan-zhong-wu-yan-yi-dui-you-shi-yi-lai-zui-gu-wu-ren-xin-de-yan-jiang-zhi-yi",134,{"title":1411,"slug":1412,"category":483,"order":1413},"巴菲特：2021年采访《沃伦·巴菲特的投资策略：如何像传奇一样生活和投资（完整访谈）》","ba-fei-te-2021nian-cai-fang-wo-lun-ba-fei-te-de-tou-zi-ce-lue-ru-he-xiang-chuan-qi-yi-yang-sheng-huo-he-tou-zi-wan-zheng-fang-tan",135,{"title":1415,"slug":1416,"category":483,"order":1417},"巴菲特：2022年32 届年度格雷厄姆和多德早餐会","ba-fei-te-2022nian-32-jie-nian-du-ge-lei-e-mu-he-duo-de-zao-can-hui",136,{"title":1419,"slug":1420,"category":483,"order":1421},"巴菲特：2022年和查理罗斯对谈","ba-fei-te-2022nian-he-cha-li-luo-si-dui-tan",137,{"title":1423,"slug":1424,"category":483,"order":1425},"巴菲特：2023年 查理芒格：伯克希尔的总设计师","ba-fei-te-2023nian-cha-li-mang-ge-bo-ke-xi-er-de-zong-she-ji-shi",138,{"title":1427,"slug":1428,"category":483,"order":1429},"巴菲特：初学者如何投资--3 条简单的规则","ba-fei-te-2023nian-chu-xue-zhe-ru-he-tou-zi-3-tiao-jian-dan-de-gui-ze",139,{"title":1431,"slug":1432,"category":483,"order":1433},"巴菲特：2023年接受CNBC专访","ba-fei-te-2023nian-jie-shou-cnbczhuan-fang",140,{"title":1435,"slug":1436,"category":483,"order":1437},"巴菲特：每个投资者都会犯的 10 个错误","ba-fei-te-2023nian-mei-ge-tou-zi-zhe-du-hui-fan-de-10-ge-cuo-wu",141,{"title":1439,"slug":1440,"category":483,"order":1441},"巴菲特：2025年接受cbs采访","ba-fei-te-2025nian-jie-shou-cbscai-fang",142,{"title":1443,"slug":1444,"category":483,"order":1445},"2026伯克希尔股东大会 CNBC专访巴菲特（完整纯中文）","2026bo-ke-xi-er-gu-dong-da-hui-cnbczhuan-fang-ba-fei-te",143,{"title":1447,"slug":1448,"category":483,"order":1449},"巴菲特：2026年最新采访 CNBC《财经论谈》","ba-fei-te-2026nian-zui-xin-cai-fang-cnbc-cai-jing-lun-tan",144,{"title":1451,"slug":1452,"category":483,"order":1453},"伯克希尔50 周年：过去、现在和未来","bo-ke-xi-er-50-zhou-nian-guo-qu-xian-zai-he-wei-lai",145,{"title":1455,"slug":1456,"category":483,"order":1457},"巴菲特72条投资经典语录","ba-fei-te-72tiao-tou-zi-jing-dian-yu-lu",146,{"title":1459,"slug":1460,"category":483,"order":1461},"巴菲特：你应该了解珠宝生意","ba-fei-te-ni-ying-gai-liao-jie-zhu-bao-sheng-yi",147,{"title":1463,"slug":1464,"category":483,"order":1465},"巴菲特：如何建立能力圈","ba-fei-te-ru-he-jian-li-neng-li-quan",148,{"title":1467,"slug":1468,"category":483,"order":1469},"巴菲特：巴菲特估值逻辑","ba-fei-te-ba-fei-te-gu-zhi-luo-ji",149,{"title":1471,"slug":1472,"category":483,"order":1473},"康布斯：在普通股中寻找价值","kang-bu-si-zai-pu-tong-gu-zhong-xun-zhao-jie-zhi",150,{"title":1475,"slug":1476,"category":483,"order":1477},"考夫曼：Glenair 企业文化","kao-fu-man-glenair-qi-ye-wen-hua",151,[1479,1483,1485,1487,1490,1493,1496,1499,1502,1504,1508,1511,1514,1517,1520,1522,1525,1528,1531,1534,1536,1539,1542,1543,1546,1550,1553,1556,1559,1562,1565,1568,1571,1574,1577,1581,1584,1587,1590,1593,1596,1599,1602,1606,1609,1612,1615,1618,1621,1624,1627,1630,1633,1636,1639,1642,1645,1648,1651,1654,1657,1660,1663,1666,1669,1672,1675,1678,1681,1684,1687,1692,1696,1700,1704,1708,1712,1716,1720,1724,1728,1732,1736,1740,1744,1748,1752,1756,1760,1764,1768],{"title":1480,"slug":1481,"category":1482,"order":479},"本分","benfen","核心哲学",{"title":330,"slug":1484,"category":1482,"order":436},"pingchangxin",{"title":127,"slug":1486,"category":1482,"order":442},"zuoduideshiqing",{"title":1488,"slug":1489,"category":1482,"order":509},"把事情做对","bashiqingzuodui",{"title":1491,"slug":1492,"category":1482,"order":519},"能力圈","nengliquan",{"title":1494,"slug":1495,"category":1482,"order":529},"不做什么","buzuoshenme",{"title":1497,"slug":1498,"category":1482,"order":539},"敢为天下后","ganweitianxiahou",{"title":1500,"slug":1501,"category":1482,"order":549},"消费者导向","xiaofeizhedaoxiang",{"title":32,"slug":1503,"category":459,"order":559},"jiazhitouzi",{"title":1505,"slug":1506,"category":1507,"order":569},"负债","fuzhai","财务指标",{"title":1509,"slug":1510,"category":459,"order":569},"商业模式","shangyemoshi",{"title":1512,"slug":1513,"category":459,"order":579},"护城河","huchenghe",{"title":1515,"slug":1516,"category":1507,"order":579},"净现金","jingxianjin",{"title":1518,"slug":1519,"category":1507,"order":589},"开销合理性","kaixiaohelixing",{"title":222,"slug":1521,"category":459,"order":589},"xianjinliu",{"title":1523,"slug":1524,"category":1507,"order":599},"真实利润","zhenshilirun",{"title":1526,"slug":1527,"category":459,"order":599},"折现","zhexian",{"title":1529,"slug":1530,"category":459,"order":609},"安全边际","anquanbianji",{"title":1532,"slug":1533,"category":1507,"order":609},"扣除商誉的净资产","jingzichan",{"title":227,"slug":1535,"category":459,"order":619},"jibenmian",{"title":1537,"slug":1538,"category":459,"order":629},"机会成本","jihuichengben",{"title":1540,"slug":1541,"category":459,"order":639},"长期持有","zhangqichiyou",{"title":5,"slug":470,"category":459,"order":465},{"title":1544,"slug":1545,"category":459,"order":658},"止损","zhisun",{"title":1547,"slug":1548,"category":1549,"order":668},"企业文化","qiyewenhua","企业经营",{"title":1551,"slug":1552,"category":1549,"order":678},"品牌","pinpai",{"title":1554,"slug":1555,"category":1549,"order":688},"差异化","chayihua",{"title":1557,"slug":1558,"category":1549,"order":698},"用户体验","yonghutiyan",{"title":1560,"slug":1561,"category":1549,"order":708},"渠道","qudao",{"title":1563,"slug":1564,"category":1549,"order":718},"平台","pingtai",{"title":1566,"slug":1567,"category":1549,"order":728},"生态系统","shengtaixitong",{"title":1569,"slug":1570,"category":1549,"order":738},"单一产品","danyichanpin",{"title":1572,"slug":1573,"category":1549,"order":748},"造钟人","zaozhongren",{"title":1575,"slug":1576,"category":1549,"order":758},"利润之上的追求","lirunzhishangdezhuiqiu",{"title":1578,"slug":1579,"category":1580,"order":768},"进取心","jinquxin","品格与心性",{"title":1582,"slug":1583,"category":1580,"order":778},"耐心","naixin",{"title":1585,"slug":1586,"category":1580,"order":788},"责任心","zerenxin",{"title":1588,"slug":1589,"category":1580,"order":798},"爱心","aixin",{"title":1591,"slug":1592,"category":1580,"order":808},"信誉","xinyu",{"title":1594,"slug":1595,"category":1580,"order":815},"正直","zhengzhi",{"title":1597,"slug":1598,"category":1580,"order":822},"理性","lixing",{"title":1600,"slug":1601,"category":1580,"order":829},"长期主义","zhangqizhuyi",{"title":1603,"slug":1604,"category":1605,"order":1270},"1999年 《都市快报》采访手记","duanyongping-1999nian-doushikuaibao-caifangshouji","访谈实录",{"title":1607,"slug":1608,"category":1605,"order":1277},"1999年 步步高讲话","duanyongping-1999nian-bubugaojianghua",{"title":1610,"slug":1611,"category":1605,"order":1281},"1999年做客人民大学精彩问答实录","duanyongping-1999nianzuokerenmindaxuejingcaiwendashilu",{"title":1613,"slug":1614,"category":1605,"order":1285},"2000年 《销售与市场》杂志专访","duanyongping-2000nian-xiaoshouyushichang-zazhizhuanfang",{"title":1616,"slug":1617,"category":1605,"order":1289},"2000年在央视“品牌与传播国际论坛”上的演讲","duanyongping-2000nianzaiyangshi-pinpaiyuchuanboguojiluntan-shangdeyanjiang",{"title":1619,"slug":1620,"category":1605,"order":1293},"2000追逐世界的节奏 —— 《经营者》杂志2000年，步步高总经理访谈记录","duanyongping-2000zhuizhushijiedejiezou-jingyingzhe-zazhi2000nian-bubugaozongjing",{"title":1622,"slug":1623,"category":1605,"order":1297},"2001《经营天下：高峰论坛 之 段永平》—— 2001年末中国20位行业巨头面对面访谈录","duanyongping-2001-jingyingtianxia-gaofengluntan-zhi-duanyongping-2001nianmozhong",{"title":1625,"slug":1626,"category":1605,"order":1301},"2001年 我为什么要去读书？ —— 《读者》2001年11月刊","duanyongping-2001nian-woweishenmeyaoqudushu-duzhe-2001nian11yuekan",{"title":1628,"slug":1629,"category":1605,"order":1305},"2001年《世界经理人文摘》专访","duanyongping-2001nian-shijiejinglirenwenzhai-zhuanfang",{"title":1631,"slug":1632,"category":1605,"order":1309},"2002年 CCTV2经济频道《卖点》栏目采访：投影机能否走进家庭？","duanyongping-2002nian-cctv2jingjipindao-maidian-lanmucaifang-touyingjinengfouzou",{"title":1634,"slug":1635,"category":1605,"order":1313},"2003年北京大学总裁班演讲座谈会全程实录","duanyongping-2003nianbeijingdaxuezongcaibanyanjiangzuotanhuiquanchengshilu",{"title":1637,"slug":1638,"category":1605,"order":1317},"2004财富人生—段永平 2004 采访","duanyongping-2004caifurensheng-duanyongping-2004-caifang",{"title":1640,"slug":1641,"category":1605,"order":1321},"2005年步步高十周年“记”念晚会：段永平发言","duanyongping-2005nianbubugaoshizhounian-ji-nianwanhui-duanyongpingfayan",{"title":1643,"slug":1644,"category":1605,"order":1325},"2006年 深度对话网易证券全程实录","duanyongping-2006nian-shenduduihuawangyizhengquanquanchengshilu",{"title":1646,"slug":1647,"category":1605,"order":1329},"2006年做客新浪财经频道聊天全实录","duanyongping-2006nianzuokexinlangcaijingpindaoliaotianquanshilu",{"title":1649,"slug":1650,"category":1605,"order":1333},"2006年浙大“实话实说”","duanyongping-2006nianzheda-shihuashishuo",{"title":1652,"slug":1653,"category":1605,"order":1337},"2007年与巴菲特共进午餐后网易专访","duanyongping-2007nianyubafeitegongjinwucanhouwangyizhuanfang",{"title":1655,"slug":1656,"category":1605,"order":1341},"2007年波士堂访谈","duanyongping-2007nianboshitangfangtan",{"title":1658,"slug":1659,"category":1605,"order":1345},"2009年 深度专访： 探讨公益人生，分享成功体会","duanyongping-2009nian-shenduzhuanfang-tantaogongyirensheng-fenxiangchenggongtihu",{"title":1661,"slug":1662,"category":1605,"order":1349},"2009年《21世纪经济报道》独家专访：我不认为巴菲特是股神（2009年）","duanyongping-2009nian-21shijijingjibaodao-dujiazhuanfang-woburenweibafeiteshigus",{"title":1664,"slug":1665,"category":1605,"order":1353},"2009浙大MBA分享：企业追求的是稳健的发展，基本功最重要","duanyongping-2009zhedambafenxiang-qiyezhuiqiudeshiwenjiandefazhan-jibengongzuizh",{"title":1667,"slug":1668,"category":1605,"order":1357},"2010年 步步高董事长段永平和人大校长纪宝成记者会实录","duanyongping-2010nian-bubugaodongshizhangduanyongpingherendaxiaozhangjibaochengj",{"title":1670,"slug":1671,"category":1605,"order":1361},"2011年买入苹果思考","duanyongping-2011nianmairupingguosikao",{"title":1673,"slug":1674,"category":1605,"order":1365},"2013年浙大演讲","duanyongping-2013nianzhedayanjiang",{"title":1676,"slug":1677,"category":1605,"order":1369},"2016年浙大60周年专访","duanyongping-2016nianzheda60zhounianzhuanfang",{"title":1679,"slug":1680,"category":1605,"order":1373},"2025年浙江大学演讲及问答完整版","duanyongping-2025nianzhejiangdaxueyanjiangjiwendawanzhengban",{"title":1682,"slug":1683,"category":1605,"order":1377},"2025年谈躺平与内卷、与王石交流子女教育","duanyongping-2025niantantangpingyuneijuan-yuwangshijiaoliuzinvjiaoyu",{"title":1685,"slug":1686,"category":1605,"order":1381},"2025年： 方三文对话段永平：做自己能够喜欢的事情很重要","duanyongping-2025nian-fangsanwenduihuaduanyongping-zuozijinenggouxihuandeshiqing",{"title":1688,"slug":1689,"category":1690,"order":1691},"问答录：第一章 投资大道","dadaotouziwendalu-diyizhangtouzidadao","投资问答录",200,{"title":1693,"slug":1694,"category":1690,"order":1695},"问答录：第二章 商业模式和企业文化","dadaotouziwendalu-dierzhangshangyemoshiheqiyewenhua",201,{"title":1697,"slug":1698,"category":1690,"order":1699},"问答录：第三章 公司点评","dadaotouziwendalu-disanzhanggongsidianping",202,{"title":1701,"slug":1702,"category":1690,"order":1703},"问答录：第四章 人生箴言","dadaotouziwendalu-disizhangrenshengzhenyan",203,{"title":1705,"slug":1706,"category":1690,"order":1707},"问答录：第五章 演讲与访谈","dadaotouziwendalu-diwuzhangyanjiangyufangtan",204,{"title":1709,"slug":1710,"category":1690,"order":1711},"问答录：第六章 更新","dadaotouziwendalu-diliuzhangduzhegengxin",205,{"title":1713,"slug":1714,"category":1690,"order":1715},"商业逻辑篇：第1节：伟大企业","duanyongping-shangyeluoji-di1jie-weidaqiye",401,{"title":1717,"slug":1718,"category":1690,"order":1719},"商业逻辑篇：第2节：商业模式","duanyongping-shangyeluoji-di2jie-shangyemoshi",402,{"title":1721,"slug":1722,"category":1690,"order":1723},"商业逻辑篇：第3节：企业文化","duanyongping-shangyeluoji-di3jie-qiyewenhua",403,{"title":1725,"slug":1726,"category":1690,"order":1727},"商业逻辑篇：第4节：产品、差异化与创新","duanyongping-shangyeluoji-di4jie-chanpin-chayihua-yu-chuangxin",404,{"title":1729,"slug":1730,"category":1690,"order":1731},"商业逻辑篇：第5节：品牌、营销与广告","duanyongping-shangyeluoji-di5jie-pinpai-yingxiao-yu-guanggao",405,{"title":1733,"slug":1734,"category":1690,"order":1735},"商业逻辑篇：第6节：收购和多元化","duanyongping-shangyeluoji-di6jie-shougouheduoyuanhua",406,{"title":1737,"slug":1738,"category":1690,"order":1739},"商业逻辑篇：第7节：Stop doing list（不为清单）","duanyongping-shangyeluoji-di7jie-stop-doing-list-buweiqingdan",407,{"title":1741,"slug":1742,"category":1690,"order":1743},"投资问答录商业逻辑篇：前言：买股票就是买公司","duanyongping-shangyeluoji-qianyan-maiqushoujiiumaishangsi",408,{"title":1745,"slug":1746,"category":1690,"order":1747},"投资逻辑篇：第1章：投资理念","duanyongping-touziluoji-di1zhang-touzilinian",410,{"title":1749,"slug":1750,"category":1690,"order":1751},"投资逻辑篇：第2章：投资理解","duanyongping-touziluoji-di2jie-touzilijie",411,{"title":1753,"slug":1754,"category":1690,"order":1755},"投资问答录：第3章 golf和投资","duanyongping-touziluoji-di3zhang-golfhetouzi",412,{"title":1757,"slug":1758,"category":1690,"order":1759},"投资逻辑篇：第4章 财务理解","duanyongping-touziwendalu-touziluoji-di4zhang-caiwulijie",413,{"title":1761,"slug":1762,"category":1690,"order":1763},"投资逻辑篇：第5章：估值逻辑","duanyongping-touziluoji-di5zhang-guzhiluoji",414,{"title":1765,"slug":1766,"category":1690,"order":1767},"投资逻辑篇：第6章 投资方法论","duanyongping-touziluoji-di6zhang-touzifangfalun",415,{"title":1769,"slug":1770,"category":1690,"order":1771},"投资逻辑篇：第7章：案例分析","duanyongping-touziluoji-di7zhang-anlifenxi",416,[1773,1776,1779,1782,1786,1790,1793,1797,1799,1802,1805,1808,1812,1815,1818,1821,1824,1828,1831,1834,1837,1840,1844,1847,1850,1852,1855,1858,1861,1864,1867,1870,1873,1876,1879,1882,1885,1888,1891,1894,1897,1900,1903,1906,1909,1912,1915,1918,1921,1924,1927,1930,1933,1936,1939,1942,1945,1948,1951,1954,1957,1960,1963,1966,1969,1972,1976,1979,1982,1985,1988,1992,1995,1998,2001],{"title":1491,"slug":1774,"category":1775,"order":479},"ability-circle","决策与战略",{"title":1777,"slug":1778,"category":1775,"order":436},"逆向思维","inversion",{"title":1537,"slug":1780,"category":1781,"order":442},"opportunity-cost","经济学",{"title":1783,"slug":1784,"category":1785,"order":509},"复利","compound-interest","数学与概率论",{"title":1787,"slug":1788,"category":1789,"order":519},"激励机制","incentives","心理学",{"title":1791,"slug":1792,"category":1785,"order":529},"概率思维","probabilistic-thinking",{"title":1794,"slug":1795,"category":1796,"order":539},"二阶效应","second-order-effects","哲学与逻辑",{"title":1529,"slug":1798,"category":1775,"order":549},"margin-of-safety",{"title":1800,"slug":1801,"category":1789,"order":559},"心理误判","psychology-of-misjudgment",{"title":1803,"slug":1804,"category":1775,"order":569},"检查清单","checklist",{"title":1806,"slug":1807,"category":1781,"order":579},"规模优势","scale-advantage",{"title":1809,"slug":1810,"category":1811,"order":589},"冗余与容错","redundancy","工程学\u002F系统",{"title":1813,"slug":1814,"category":1785,"order":599},"排列组合","combinatorics",{"title":1816,"slug":1817,"category":1785,"order":609},"费马-帕斯卡","fermat-pascal",{"title":1819,"slug":1820,"category":1785,"order":619},"均值回归","regression-to-the-mean",{"title":1822,"slug":1823,"category":1785,"order":629},"量化分析","quantitative-analysis",{"title":1825,"slug":1826,"category":1827,"order":639},"临界点\u002F相变","critical-point-phase-transition","物理学",{"title":1829,"slug":1830,"category":1827,"order":465},"平衡态","equilibrium",{"title":1832,"slug":1833,"category":1827,"order":658},"熵增定律","entropy",{"title":1835,"slug":1836,"category":1827,"order":668},"能量守恒","conservation-of-energy",{"title":1838,"slug":1839,"category":1827,"order":678},"杠杆原理","leverage",{"title":1841,"slug":1842,"category":1843,"order":688},"自然选择","natural-selection","生物学\u002F进化论",{"title":1845,"slug":1846,"category":1843,"order":698},"物竞天择","competition-for-resources",{"title":1848,"slug":1849,"category":1843,"order":708},"进化思维","evolutionary-thinking",{"title":1566,"slug":1851,"category":1843,"order":718},"ecosystem",{"title":1853,"slug":1854,"category":1789,"order":728},"爱好倾向","liking-tendency",{"title":1856,"slug":1857,"category":1789,"order":738},"讨厌倾向","disliking-tendency",{"title":1859,"slug":1860,"category":1789,"order":748},"避免怀疑倾向","doubt-avoidance-tendency",{"title":1862,"slug":1863,"category":1789,"order":758},"一致性倾向","consistency-tendency",{"title":1865,"slug":1866,"category":1789,"order":768},"好奇心倾向","curiosity-tendency",{"title":1868,"slug":1869,"category":1789,"order":778},"康德式公平","kantian-fairness",{"title":1871,"slug":1872,"category":1789,"order":788},"艳羡\u002F妒忌倾向","envy-jealousy-tendency",{"title":1874,"slug":1875,"category":1789,"order":798},"反馈倾向","reciprocation-tendency",{"title":1877,"slug":1878,"category":1789,"order":808},"权威误导","authority-misinfluence",{"title":1880,"slug":1881,"category":1789,"order":815},"重视理由","reason-respecting-tendency",{"title":1883,"slug":1884,"category":1789,"order":822},"过度乐观","over-optimism",{"title":1886,"slug":1887,"category":1789,"order":829},"损失厌恶","loss-aversion",{"title":1889,"slug":1890,"category":1789,"order":836},"否认倾向","denial-tendency",{"title":1892,"slug":1893,"category":1789,"order":843},"过度反应","overreaction-tendency",{"title":1895,"slug":1896,"category":1789,"order":850},"社群影响","social-influence",{"title":1898,"slug":1899,"category":1789,"order":857},"压力倾向","stress-influence-tendency",{"title":1901,"slug":1902,"category":1789,"order":864},"物质主义","materialism-tendency",{"title":1904,"slug":1905,"category":1789,"order":871},"废话倾向","twaddle-tendency",{"title":1907,"slug":1908,"category":1789,"order":878},"确认偏误","confirmation-bias",{"title":1910,"slug":1911,"category":1789,"order":885},"锚定效应","anchoring-effect",{"title":1913,"slug":1914,"category":1789,"order":892},"现时偏差","present-bias",{"title":1916,"slug":1917,"category":1789,"order":899},"贪婪倾向","greed-tendency",{"title":1919,"slug":1920,"category":1781,"order":906},"边际成本\u002F收益","marginal-cost-benefit",{"title":1922,"slug":1923,"category":1781,"order":913},"供需关系","supply-and-demand",{"title":1925,"slug":1926,"category":1781,"order":920},"帕累托最优","pareto-optimality",{"title":1928,"slug":1929,"category":1781,"order":927},"竞争性毁灭","creative-destruction",{"title":1931,"slug":1932,"category":1775,"order":934},"双轨分析","two-track-analysis",{"title":1934,"slug":1935,"category":1775,"order":941},"非线性思维","nonlinear-thinking",{"title":1937,"slug":1938,"category":1775,"order":948},"极化思考","extreme-thinking",{"title":1940,"slug":1941,"category":1775,"order":955},"必要功","necessary-work",{"title":1943,"slug":1944,"category":1811,"order":962},"停机问题","halting-problem",{"title":1946,"slug":1947,"category":1811,"order":969},"闭环系统","closed-loop-system",{"title":1949,"slug":1950,"category":1811,"order":976},"故障安全","fail-safe",{"title":1952,"slug":1953,"category":1811,"order":983},"反向设计","reverse-design",{"title":1955,"slug":1956,"category":1811,"order":990},"瓶颈分析","bottleneck-analysis",{"title":1958,"slug":1959,"category":1796,"order":997},"第一性原理","first-principles",{"title":1961,"slug":1962,"category":1796,"order":1004},"证伪思维","falsification",{"title":1964,"slug":1965,"category":1796,"order":1011},"奥卡姆剃刀","occams-razor",{"title":1967,"slug":1968,"category":1796,"order":1018},"中道思维","middle-way",{"title":1970,"slug":1971,"category":1796,"order":1025},"不可知论","agnosticism",{"title":1973,"slug":1974,"category":1975,"order":1032},"大数定律","law-of-large-numbers","统计学",{"title":1977,"slug":1978,"category":1975,"order":1039},"样本偏差","sample-bias",{"title":1980,"slug":1981,"category":1975,"order":1046},"相关性≠因果","correlation-not-causation",{"title":1983,"slug":1984,"category":1975,"order":1053},"幸存者偏差","survivorship-bias",{"title":1986,"slug":1987,"category":1975,"order":1060},"基本比率","base-rate",{"title":1989,"slug":1990,"category":1991,"order":1067},"社会认同","social-proof","社会学",{"title":1993,"slug":1994,"category":1991,"order":1074},"部落本能","tribal-instinct",{"title":1996,"slug":1997,"category":1991,"order":1081},"金蛋定律","golden-egg-rule",{"title":1999,"slug":2000,"category":1991,"order":1088},"互利共生","mutualism",{"title":2002,"slug":2003,"category":1991,"order":1095},"激励传导","incentive-transmission",1778147269994]