Wednesday, August 13, 2008

巴菲特1974年精句

“You're dealing with a lot of silly people in the marketplace ; it's like a great big casino and everyone else is boozing .If you can stick with Pepsi,you should be OK.

你正於市場中與很多蠢人交易,而市場有如一個大賭場,裡面所有人都飲酒到醉醺醺,如果你只是飲百事可樂,你就不會有問題。”

“Buy into a company because you want to own it, not because you want the stock to go up.

買入一間公司的股份是因為你想擁有該公司,而不是因為你想公司的股價上升。”

“Have faith in your own judgment or your adviser's. Don't be swayed by every opinion you hear and every suggestion you read.

要對自己或顧問的判斷有信心,不要因為聽到任何意見或讀到任何建議而搖擺不定。”

“Stick with what you know, don't get too fancy.

投資在你所認識的,不要太過花巧的東西。”

“Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management and limited exposure to hard times.

用筆圈上你熟悉企業的名字,再根據價值、領導層能力和在市場困境時不會受太大影響等因素,把不合格的企業名稱刪去”

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