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珍贵视频|57年前,年轻帅气的巴菲特第一次接受电视专访(附视频&演讲稿)

精彩英语演讲 2019-05-12 21:28

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英语演讲视频,第一时间观看

沃伦巴菲特(Warren Buffett)的投资生涯始于上世纪40年代,当时他11岁就购买了一家公司的股票。然而,在上世纪80年代以前,有关奥马哈先知(Oracle of Omaha)的视频资料并不多。

英语演讲君发现了一个巴菲特年轻时候的罕见珍贵采访视频,这是由一位知名经纪人乔什布朗(Josh Brown)在ValueWalk.com网站上向我们展示了1962年对巴菲特罕见的采访。在这段简短的视频中,巴菲特讨论了股市的预测能力。

Warren Buffett will tell you that his investment career began in the 1940s when he bought shares in a company as an 11-year-old.

However, there isn't much footage of the Oracle of Omaha available before the 1980s.

Reformed Broker Josh Brown points us to this rare 1962 interview with Buffett on ValueWalk.com.

In this brief clip, Buffett discusses the predictive power of the stock market.

"The stock market has been a good forecaster from time to time in the past," he said. "It also has been a rather poor forecaster occasionally." He addressed an ongoing sell-off in the stock market.

"For example, the last four or five years, the stock market has been booming along presumably forecasting better business which has really not materialized," he said. "So maybe the stock market is correcting a previously incorrect forecast this time."

1962年道琼斯指数下跌7.6%,巴菲特合伙企业的收益率为13.9%,继续领先指数。

巴菲特被称为最伟大的投资人,就在于他一辈子践行了复利的成功模式,复利被称为世界第八大奇迹,这个道理很多人都知道,但极少有人能理解,更加没有人能做到。知道和理解是两回事,理解和做到又是两回事。很多道理我们小时候就听过无数遍,就知道了。但可能要等到老的时候,历经沧桑才会真正理解这些道理,而等你理解了想去实践,不好意思,你可能快要挂了。所以你总想着和你的孩子讲你的道理,不好意思,他们听了也不会当回事,也要等他们老了才会明白,人生就是这么悲催。

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知识可以教,智慧教不了,智慧的人不是懂的多,而是对一些简单的道理理解的很深,并能去做到。巴菲特的伟大就在于他20多岁就理解了投资的真谛,并一辈子去践行。西方知名的投资人很多,平均收益率比巴菲特高的也不少,但他们持续时间不够长,要么悟道的晚,要么赚了钱就早早退休了。持续时间一般在10-20年,30年的极少。而复利的魔力就在于越到后面威力越大。30年和60年最后积累的财富不是相差一倍,而是相差百倍千倍。

查理芒格说40岁之前无价投,依我的观察确实如此,就好像有些道理,听起来很简单,但非得到了一定的年纪才理解。可惜很多投资人理解了之后,一般年纪已经很大了,老的太快,明白的太迟。做投资就是要从年轻时做起,等你40多岁的时候已经积累了一笔财富。很多人20多岁的时候,看到别人有一千万在投资增值就觉得不公平,幻想着自己也马上有一千万,总想着快速发财致富,等过了20年别人都几个亿了,你还在想快速发财致富之道。在复利面前人人平等,在时间面前人人平等,就看你什么时候明白,什么时候去做。种一棵树最好的时候是十年前,其次是现在。

1985年巴菲特的首次电视专访

1985年巴菲特的7分钟首次电视专访

First of all an investment is don't lose. And the second rule on investment is don't forget the first rule and that's all the rules there are.

I mean that if you buy things for far below what they're worth and you buy a group of them you basically don't lose money.

And what do you consider the most important quality for an investment manager.

It's a temperamental quality not an intellectual quality that you don't need tons of IQ in this business. I mean you have to have enough IQ to get from here to downtown Omaha. But what you do not have to be able to play three dimensional chess or be in the top leagues in terms of bridge playing or something of that sort.

You need a stable personality you need a temperament that neither derives great pleasure from being with the crowd or against the crowd because this is not a business where you take polls it's a business where you think and Ben Graham would say that you're not right or wrong because a thousand people agree with you and you're not right or wrong because a thousand people disagree with you you're right because your facts and your reasoning are right.

What do you do. That's different than 90 percent of the money managers who were in the market.

Certainly most of the professional investors focus on what the stock is likely to do in the next year or two.

They are all kinds of all kinds of arcane methods of approaching that.

But they do not really think of themselves as owning a piece of a business. The real test of whether you're investing from a value standpoint or not is whether you care whether the stock market is open tomorrow. If you're making a good investment in a security it shouldn't bother you if they closed down the stock market for five years. It is all the ticker tells me as the price and I can look at the price occasionally to see whether the prices are outlandishly cheap or outlandishly high but what prices don't tell me anything about a business business. Business figures themselves tell me something about a business but the price of a stock doesn't tell me anything about a business. I would rather value a stock or a business first and not even know the price so that I'm not influenced by the price and establishing my valuation and then look at the price later to see whether it's way out of line with what my value is.

So Buffett chose to stay in this world. Omaha Nebraska where corn grows just minutes from downtown Omaha is a nice town but nobody claims it's the World Financial Center secure the only Thundering Herd is actually on four feet.

Once you find them on and off the beaten track from the investment world well believe it or not we get mail here.

You get three articles on all the facts needed to make decisions and unlike Wall Street you'll notice we don't have 50 people coming up and whispering in our ear that we should be doing this or that this afternoon appreciate the lack of stimuli here. I like the lack of stimulation we get facts not stimulation here.

How can you stay away from Wall Street. Well that if I were on Wall Street I'd probably be a lot for a overstimulate and Wall Street and you hear lots of things. And you may. You may shorten your focus and a short focus is not conducive to long profits. And here I can just focus on what businesses are worth and I don't need to be in Washington to figure out what the Washington Post newspaper is worth and I don't need to be in New York to figure out what some other company is worth. Is simply an intellectual process and unless Savalas static there is in Atlanta electoral process really the better off you are. What is the intellectual process intellectual processes. Is defining your level defining your area of competence and valuing businesses and then within that area of competence. Finding whatever sells it at the cheapest price in relation to value and there are all kinds of things I'm not competent to value. However there are a few that I am comforted to value.

Have you ever bought a technology company now. I really haven't. In three years of investing not one I haven't understood any of you haven't ever owned. For example IBM never owned IBM as a company. Made a sensational.

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HBO双语纪录片《成为沃伦·巴菲特》:他只是个拥有几百亿美金的普通人(附视频)
股神巴菲特亲自撰文:通货膨胀如何欺诈股票投资者?

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特别声明:本文为网易自媒体平台“网易号”作者上传并发布,仅代表该作者观点。网易仅提供信息发布平台。
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