{"id":11556,"date":"2024-03-10T17:56:43","date_gmt":"2024-03-10T21:56:43","guid":{"rendered":"https:\/\/newswz.com\/?p=11556"},"modified":"2025-01-26T11:17:51","modified_gmt":"2025-01-26T16:17:51","slug":"%e6%88%91%e8%af%bb%e5%ae%8c%e4%ba%86%e5%b7%b4%e8%8f%b2%e7%89%b9%e5%85%a8%e9%83%a859%e5%b0%81%e8%82%a1%e4%b8%9c%e4%bf%a1%ef%bc%8c%e8%bf%99%e4%ba%9b%e6%ae%b5%e8%90%bd%e6%9c%80%e5%8f%97%e7%9b%8a","status":"publish","type":"post","link":"https:\/\/newswz.com\/?p=11556","title":{"rendered":"\u6211\u8bfb\u5b8c\u4e86\u5df4\u83f2\u7279\u5168\u90e859\u5c01\u80a1\u4e1c\u4fe1\uff0c\u8fd9\u4e9b\u6bb5\u843d\u6700\u53d7\u76ca"},"content":{"rendered":"\n<p>\u56fe\u7247\u6765\u6e90\uff1aNICHOLAS ROBERTS\/AFP\/GETTY IMAGES; ISTOCK<\/p>\n\n\n\n<p>\u6587\u7ae0\u6765\u6e90:\u00a0 \u534e\u5c14\u8857\u65e5\u62a5\u4e2d\u6587\u7f51 \u2013 \u65b0\u95fb\u53d6\u81ea\u5404\u5927\u65b0\u95fb\u5a92\u4f53\uff0c\u65b0\u95fb\u5185\u5bb9\u5e76\u4e0d\u4ee3\u8868\u672c\u7f51\u7acb\u573a\uff01<\/p>\n\n\n\n<p>\u4ece1965\u5e74\u5f00\u59cb\uff0c\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8\u7684\u81f4\u80a1\u4e1c\u4fe1\u4ee5\u5e7d\u9ed8\u548c\u4e2a\u6027\u5316\u7684\u65b9\u5f0f\u8bb0\u5f55\u4e86\u8fd9\u5bb6\u516c\u53f8\u7684\u6210\u957f\u5386\u7a0b\u3002\u5df4\u83f2\u7279\u7684\u4fe1\u5f92\u4eec\u5c06\u8fd9\u4e9b\u4fe1\u89c6\u4e3a\u6559\u5bfc\u548c\u667a\u6167\u7684\u6e90\u6cc9\u3002<\/p>\n\n\n\n<p>\u5728\u5199\u6700\u65b0\u4e00\u5c01\u80a1\u4e1c\u4fe1\u7684\u65f6\u5019\uff0c\u6c83\u4f26\u00b7\u5df4\u83f2\u7279(Warren Buffett)\u7684\u8111\u5b50\u91cc\u6709\u4e00\u4e2a\u76ee\u6807\u53d7\u4f17\uff1a\u4ed6\u7684\u59b9\u59b9\u4f2f\u8482(Bertie)\u3002<\/p>\n\n\n\n<p>\u9664\u4e86<a href=\"https:\/\/cn.wsj.com\/articles\/CN-FIN-20240226111920\" target=\"_blank\" rel=\"noreferrer noopener\">\u5411\u5df2\u6545\u5408\u4f5c\u4f19\u4f34\u67e5\u7406\u00b7\u8292\u683c(Charlie Munger)\u81f4\u656c<\/a>\u4e4b\u5916\uff0c\u8fd9\u4f4d\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8(Berkshire Hathaway)\u7684\u8463\u4e8b\u957f\u517c\u9996\u5e2d\u6267\u884c\u5b98\u8fd8\u57282\u670824\u65e5\u7684\u80a1\u4e1c\u4fe1\u4e2d\u63d0\u5230\u4e86\u4ed6\u7684\u59b9\u59b9\uff0c\u4ece\u800c\u7ed9\u8fd9\u5c01\u4fe1\u5e73\u6dfb\u4e86\u51e0\u5206\u5728\u5176\u4ed6\u516c\u53f8\u7684\u901a\u8baf\u7a3f\u4e2d\u5f88\u96be\u89c1\u5230\u7684\u4eb2\u5207\u611f\u3002<\/p>\n\n\n\n<p>\u4f46\u5b83\u662f\u5ef6\u7eed\u4e86\u5df4\u83f2\u7279\u534a\u4e2a\u591a\u4e16\u7eaa\u4ee5\u6765\u5f62\u6210\u7684\u5411\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u80a1\u4e1c\u4f20\u9012\u4fe1\u606f\u7684\u98ce\u683c\u3002<\/p>\n\n\n\n<p>\u4ed6\u5728\u4fe1\u4e2d\u5199\u9053\uff1a\u201c\u5728\u8111\u6d77\u4e2d\u5c06\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u6240\u5e0c\u671b\u7684\u80a1\u4e1c\u5177\u50cf\u5316\u65f6\uff0c\u6211\u5f88\u5e78\u8fd0\u5730\u62e5\u6709\u4e00\u4f4d\u5b8c\u7f8e\u7684\u6a21\u578b\u2014\u2014\u6211\u7684\u59b9\u59b9\u4f2f\u8482\u3002\u201d<\/p>\n\n\n\n<p>\u5df4\u83f2\u7279\u63a5\u7740\u5199\u9053\uff0c\u4ed6\u7684\u59b9\u59b9\u806a\u660e\u53c8\u7406\u667a\uff0c\u8c01\u4e5f\u522b\u60f3\u611a\u5f04\u5979\u2014\u2014\u4f46\u5979\u8fd8\u4e0d\u8db3\u4ee5\u53c2\u52a0\u6ce8\u518c\u4f1a\u8ba1\u5e08\u8003\u8bd5\uff0c\u4e5f\u4e0d\u8ba4\u4e3a\u81ea\u5df1\u662f\u4e00\u4f4d\u7ecf\u6d4e\u4e13\u5bb6\u3002<\/p>\n\n\n\n<p>\u201c\u56e0\u6b64\uff0c\u201d\u8fd9\u4f4d\u8457\u540d\u7684\u6295\u8d44\u8005\u5199\u9053\uff0c\u201c\u4f2f\u8482\u4eca\u5e74\u4f1a\u5bf9\u4ec0\u4e48\u611f\u5174\u8da3\uff1f\u201d<\/p>\n\n\n\n<p>\u4e0a\u9762\u8fd9\u5c01\u4fe1\u662f\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8\u5411\u80a1\u4e1c\u53d1\u51fa\u7684\u4e00\u7cfb\u5217\u5e74\u5ea6\u4fe1\u4ef6\u4e2d\u6700\u65b0\u7684\u4e00\u5c01\uff0c\u8fd9\u4e9b\u4fe1\u4ef6\u6700\u65e9\u53ef\u4ee5\u8ffd\u6eaf\u81f31965\u5e74\uff0c\u5f53\u65f6\uff0c\u5df4\u83f2\u7279\u7684\u6295\u8d44\u4f19\u4f34\u83b7\u5f97\u4e86\u8be5\u516c\u53f8\u7684\u63a7\u5236\u6743\u3002\uff08\u65e9\u671f\u7684\u4fe1\u4ef6\u7531\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u7684\u5176\u4ed6\u4eba\u7b7e\u7f72\uff0c\u4f46\u7531\u5df4\u83f2\u7279\u64b0\u5199\u3002\uff09<\/p>\n\n\n\n<p>\u8fd9\u4e9b\u4fe1\u4ef6\u8ffd\u8e2a\u4e86\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u4ece\u4e00\u5bb6\u9677\u5165\u56f0\u5883\u7684\u65b0\u82f1\u683c\u5170\u7eba\u7ec7\u54c1\u5236\u9020\u5546\u53d1\u5c55\u6210\u4e3a\u4e00\u5bb6\u5de8\u578b\u4f01\u4e1a\u96c6\u56e2\u7684\u8fc7\u7a0b\uff0c\u8fd9\u4e2a\u96c6\u56e2\u62e5\u6709\u5e9e\u5927\u7684\u80a1\u7968\u6295\u8d44\u7ec4\u5408\u4ee5\u53ca\u5305\u62ec\u4fdd\u9669\u3001\u94c1\u8def\u3001\u80fd\u6e90\u548c\u7cd6\u679c\u5728\u5185\u7684\u5546\u4e1a\u5229\u76ca\u3002<\/p>\n\n\n\n<p>\u4e00\u8def\u8d70\u6765\uff0c\u5df4\u83f2\u7279\u5c31\u4fdd\u9669\u4e1a\u7684\u8fd0\u4f5c\u65b9\u5f0f\u3001\u4f1a\u8ba1\u89c4\u5219\u7684\u7ec6\u5fae\u5dee\u522b\u4ee5\u53ca\u8003\u8651\u80a1\u7968\u4f30\u503c\u7684\u65b9\u6cd5\u7ed9\u80a1\u4e1c\u63d0\u4f9b\u4e86\u6307\u5bfc\u3002\u5df4\u83f2\u7279\u7684\u4efb\u52a1\u662f\u89e3\u91ca\u4e00\u4e9b\u80a1\u4e1c\u53ef\u80fd\u89c9\u5f97\u68d8\u624b\u7684\u95ee\u9898\uff0c\u4ed6\u5199\u4fe1\u7684\u8bed\u6c14\u5c31\u50cf\u4e00\u4f4d\u53cb\u597d\u7684\u8001\u5e08\uff0c\u6709\u65f6\u8fd8\u5f88\u98ce\u8da3\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814-1024x682.jpeg\" alt=\"\" class=\"wp-image-11557\" srcset=\"https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814-1024x682.jpeg 1024w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814-300x200.jpeg 300w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814-768x511.jpeg 768w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814-1170x779.jpeg 1170w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814-585x389.jpeg 585w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814-263x175.jpeg 263w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929814.jpeg 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">2019\u5e74\uff0c\u5df4\u83f2\u7279\u4eab\u7528\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u65d7\u4e0bDairy Queen\u7684\u51b0\u6fc0\u51cc\u3002<\/h4>\n\n\n\n<p>\u56fe\u7247\u6765\u6e90\uff1aHOUSTON COFIELD\/BLOOMBERG<\/p>\n\n\n\n<p>\u4ed6\u66fe\u63f4\u5f15\u7ea6\u5409\u00b7\u8d1d\u62c9(Yogi Berra )\u548c\u6885\u00b7\u97e6\u65af\u7279(Mae West)\u7684\u540d\u8a00\u3001\u4e61\u6751\u6b4c\u66f2\u4ee5\u53ca\u300a\u5723\u7ecf\u300b\u7684\u5185\u5bb9\u3002\u57282007\u5e742\u6708\u7684\u80a1\u4e1c\u4fe1\u4e2d\uff0c\u4ed6\u63d0\u5230\u8ffd\u6eaf\u578b\u4fdd\u9669\u4ea4\u6613\u65f6\u7684\u5f00\u573a\u767d\u662f\u201c\u8b66\u544a\uff1a\u4f60\u8be5\u5403\u897f\u5170\u82b1\u4e86\u201d\uff0c\u6700\u540e\u603b\u7ed3\u9053\uff1a\u201c\u6211\u5411\u4f60\u4eec\u4fdd\u8bc1\u8fc7\u4e0d\u4f1a\u6709\u6d4b\u9a8c\uff0c\u4f60\u4eec\u96be\u9053\u4e0d\u5f00\u5fc3\u5417\uff1f\u201d<\/p>\n\n\n\n<p>\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u73b0\u5728\u662f\u7f8e\u56fd\u5e02\u503c\u7b2c\u4e03\u5927\u7684\u516c\u53f8\uff0c\u5b83\u7684\u4fe1\u5f92\u5c06\u8fd9\u4e9b\u4fe1\u4ef6\u89c6\u4e3a\u6559\u5bfc\u548c\u667a\u6167\u7684\u6e90\u6cc9\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u662f\u4e00\u4e9b\u6bd4\u8f83\u7ecf\u5178\u96be\u5fd8\u7684\u6bb5\u843d\uff1a<\/p>\n\n\n\n<p><strong>\u5bfb\u627e\u6536\u8d2d\u76ee\u6807<\/strong><\/p>\n\n\n\n<p>\u201c\u516c\u53f8\u4e00\u76f4\u5728\u7eba\u7ec7\u9886\u57df\u5185\u5916\u5bfb\u627e\u5408\u9002\u7684\u6536\u8d2d\u76ee\u6807\u3002\u5c3d\u7ba1\u5230\u76ee\u524d\u4e3a\u6b62\u5c1a\u672a\u6210\u529f\u5b8c\u6210\u6536\u8d2d\uff0c\u4f46\u6211\u4eec\u4ecd\u7136\u5bf9\u6b64\u7c7b\u6536\u8d2d\u62b1\u6709\u79ef\u6781\u7684\u5174\u8da3\u3002\u201d\u2014\u20141966\u5e7412\u67082\u65e5<\/p>\n\n\n\n<p>\uff08\u7531\u4f2f\u514b\u5e0c\u5c14\u8463\u4e8b\u957f\u5c0f\u9a6c\u5c14\u79d1\u59c6\u00b7\u8521\u65af(Malcolm Chace Jr.)\u548c\u603b\u88c1\u80af\u5c3c\u65af\u00b7\u8521\u65af(Kenneth Chace)\u7b7e\u7f72\uff09<\/p>\n\n\n\n<p><strong>\u4eb2\u543b\u87fe\u870d<\/strong><\/p>\n\n\n\n<p>\u201c\u6295\u8d44\u8005\u603b\u662f\u53ef\u4ee5\u6309\u87fe\u870d\u7684\u73b0\u884c\u4ef7\u683c\u4e70\u5230\u87fe\u870d\u3002\u4f46\u5982\u679c\u6295\u8d44\u8005\u4e0d\u53bb\u4e70\u87fe\u870d\uff0c\u53cd\u800c\u63d0\u4f9b\u8d44\u91d1\u7ed9\u90a3\u4e9b\u613f\u610f\u652f\u4ed8\u53cc\u500d\u4ef7\u683c\u83b7\u5f97\u4eb2\u543b\u87fe\u870d\u6743\u5229\u7684\u516c\u4e3b\uff0c\u90a3\u4e48\u8fd9\u4e9b\u4eb2\u543b\u6700\u597d\u80fd\u4ea7\u751f\u8f70\u52a8\u6027\u6548\u679c\u3002\u6211\u4eec\u89c2\u5bdf\u8fc7\u5f88\u591a\u4eb2\u543b\uff0c\u4f46\u5947\u8ff9\u5374\u5f88\u5c11\u53d1\u751f\u3002\u5c3d\u7ba1\u5982\u6b64\uff0c\u8bb8\u591a\u7ba1\u7406\u754c\u7684\u516c\u4e3b\u4ecd\u7136\u5bf9\u81ea\u5df1\u7684\u4eb2\u543b\u53ef\u80fd\u5728\u672a\u6765\u4ea7\u751f\u7684\u6548\u529b\u5145\u6ee1\u4fe1\u5fc3\u2014\u2014\u5373\u4f7f\u4ed6\u4eec\u516c\u53f8\u540e\u9662\u9f50\u819d\u6df1\u7684\u8349\u5730\u91cc\u5df2\u7ecf\u722c\u6ee1\u4e86\u53cd\u5e94\u8fdf\u949d\u7684\u87fe\u870d\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/1981.html\" target=\"_blank\" rel=\"noreferrer noopener\">1982\u5e742\u670826\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u6050\u60e7\u548c\u8d2a\u5a6a<\/strong><\/p>\n\n\n\n<p>\u201c\u6050\u60e7\u548c\u8d2a\u5a6a\u8fd9\u4e24\u79cd\u4f20\u67d3\u6027\u8d85\u5f3a\u7684\u75be\u75c5\u5076\u5c14\u7206\u53d1\u7684\u60c5\u51b5\u5c06\u4e00\u76f4\u51fa\u73b0\u5728\u6295\u8d44\u754c\u3002\u8fd9\u4e24\u79cd\u6d41\u884c\u75c5\u7206\u53d1\u7684\u65f6\u95f4\u5c06\u662f\u4e0d\u53ef\u9884\u6d4b\u7684\u3002\u5b83\u4eec\u9020\u6210\u7684\u5e02\u573a\u5931\u5e38\u5728\u6301\u7eed\u65f6\u95f4\u548c\u7a0b\u5ea6\u65b9\u9762\u540c\u6837\u4e0d\u53ef\u9884\u6d4b\u3002\u56e0\u6b64\uff0c\u6211\u4eec\u4ece\u4e0d\u8bd5\u56fe\u9884\u6d4b\u4efb\u4f55\u4e00\u79cd\u75be\u75c5\u7684\u6765\u53bb\u65f6\u95f4\u3002\u6211\u4eec\u7684\u76ee\u6807\u6bd4\u8f83\u6e29\u548c\uff1a\u6211\u4eec\u53ea\u662f\u8bd5\u56fe\u5728\u522b\u4eba\u8d2a\u5a6a\u7684\u65f6\u5019\u6050\u60e7\uff0c\u800c\u53ea\u6709\u5728\u522b\u4eba\u6050\u60e7\u65f6\u624d\u8d2a\u5a6a\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/1986.html\" target=\"_blank\" rel=\"noreferrer noopener\">1987\u5e742\u670827\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u5c31\u50cf\u5728\u68d2\u7403\u573a\u4e0a<\/strong><\/p>\n\n\n\n<p>\u201c\u5f53\u7136\uff0c\u4ece\u957f\u8fdc\u6765\u770b\uff0c\u6295\u8d44\u51b3\u7b56\u7684\u8bb0\u5206\u724c\u662f\u5e02\u573a\u4ef7\u683c\u3002\u4f46\u662f\u4ef7\u683c\u5c06\u7531\u672a\u6765\u7684\u6536\u76ca\u51b3\u5b9a\u3002\u5728\u6295\u8d44\u8fc7\u7a0b\u4e2d\uff0c\u5c31\u50cf\u5728\u68d2\u7403\u573a\u4e0a\u4e00\u6837\uff0c\u8981\u60f3\u5728\u8bb0\u5206\u724c\u4e0a\u5f97\u5206\uff0c\u5c31\u5fc5\u987b\u5173\u6ce8\u8d5b\u573a\uff0c\u800c\u4e0d\u662f\u8bb0\u5206\u724c\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/1991.html\" target=\"_blank\" rel=\"noreferrer noopener\">1992\u5e742\u670828\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u8c01\u5728\u88f8\u6cf3\uff1f<\/strong><\/p>\n\n\n\n<p>\u98d3\u98ce\u201c\u5b89\u5fb7\u9c81\u6467\u6bc1\u4e86\u51e0\u5bb6\u5c0f\u578b\u4fdd\u9669\u516c\u53f8\u3002\u9664\u6b64\u4e4b\u5916\uff0c\u5b83\u8fd8\u8ba9\u4e00\u4e9b\u8f83\u5927\u7684\u516c\u53f8\u610f\u8bc6\u5230\uff0c\u5b83\u4eec\u9488\u5bf9\u707e\u96be\u7684\u518d\u4fdd\u9669\u4fdd\u62a4\u8fd8\u8fdc\u8fdc\u4e0d\u591f\u3002\uff08\u53ea\u6709\u5f53\u6f6e\u6c34\u9000\u53bb\uff0c\u4f60\u624d\u77e5\u9053\u8c01\u5728\u88f8\u6cf3\u3002\uff09\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/1992.html\" target=\"_blank\" rel=\"noreferrer noopener\">1993\u5e743\u67081\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u6211\u4eec\u7684\u9e2d\u5b50\u8bc4\u7ea7\u5982\u4f55\uff1f<\/strong><\/p>\n\n\n\n<p>\u201c\u5728\u725b\u5e02\u4e2d\uff0c\u4e00\u5b9a\u8981\u907f\u514d\u72af\u8fd9\u6837\u7684\u9519\u8bef\uff1a\u66b4\u96e8\u8fc7\u540e\u7528\u5634\u68b3\u7406\u7fbd\u6bdb\u7684\u9e2d\u5b50\u5938\u5938\u5176\u8c08\uff0c\u4ee5\u4e3a\u662f\u81ea\u5df1\u5212\u6c34\u7684\u672c\u4e8b\u8ba9\u81ea\u5df1\u5d1b\u8d77\u4e8e\u4e16\u3002\u76f8\u53cd\uff0c\u601d\u7ef4\u6b63\u786e\u7684\u9e2d\u5b50\u4f1a\u5728\u503e\u76c6\u5927\u96e8\u4e4b\u540e\u5c06\u81ea\u5df1\u7684\u4f4d\u7f6e\u4e0e\u6c60\u5858\u91cc\u5176\u4ed6\u9e2d\u5b50\u7684\u4f4d\u7f6e\u8fdb\u884c\u6bd4\u8f83\u3002\u90a3\u4e48\u6211\u4eec\u5bf9\u81ea\u5df11997\u5e74\u8868\u73b0\u7684\u9e2d\u5b50\u8bc4\u7ea7\u662f\u4ec0\u4e48\uff1f\u5bf9\u9875\u7684\u8fd9\u5f20\u8868\u683c\u663e\u793a\uff0c\u5c3d\u7ba1\u6211\u4eec\u53bb\u5e74\u62fc\u547d\u5212\u6c34\uff0c\u4f46\u4ec5\u6295\u8d44\u4e8e\u6807\u666e\u6307\u6570\u7684\u88ab\u52a8\u9e2d\u5b50\u7684\u4e0a\u6da8\u901f\u5ea6\u51e0\u4e4e\u548c\u6211\u4eec\u4e00\u6837\u5feb\u3002\u6240\u4ee5\uff0c\u6211\u4eec\u5bf91997\u5e74\u4e1a\u7ee9\u8868\u73b0\u7684\u8bc4\u4ef7\u662f\uff1a\u5938\u5938\u5176\u8c08\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/1997.html\" target=\"_blank\" rel=\"noreferrer noopener\">1998\u5e742\u670827\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u4e00\u4efd\u96be\u770b\u7684\u6210\u7ee9\u5355<\/strong><\/p>\n\n\n\n<p>\u201c\u5c31\u8fde\u7cca\u6d82\u5927\u4fa6\u63a2\u90fd\u80fd\u627e\u5230\u53bb\u5e74\u7684\u7f6a\u9b41\u7978\u9996\uff1a\u4f60\u4eec\u7684\u8463\u4e8b\u957f\u3002\u6211\u7684\u8868\u73b0\u8ba9\u6211\u60f3\u8d77\u4e86\u4e00\u540d\u56db\u5206\u536b\uff0c\u4ed6\u7684\u6210\u7ee9\u5355\u663e\u793a\u4e3a\u56db\u4e2aF\u548c\u4e00\u4e2aD\uff0c\u4f46\u4ed6\u6709\u4e00\u4f4d\u5584\u89e3\u4eba\u610f\u7684\u6559\u7ec3\u3002\u2018\u5b69\u5b50\uff0c\u2019\u8fd9\u4f4d\u6559\u7ec3\u6162\u541e\u541e\u5730\u5bf9\u4ed6\u8bf4\uff0c\u2018\u6211\u60f3\u4f60\u5728\u8fd9\u4e2a\u79d1\u76ee\u4e0a\u82b1\u8d39\u4e86\u592a\u591a\u65f6\u95f4\u3002\u2019\u6211\u7684\u2018\u8fd9\u4e2a\u79d1\u76ee\u2019\u5c31\u662f\u8d44\u672c\u914d\u7f6e\uff0c1999\u5e74\u6211\u5728\u8fd9\u4e2a\u79d1\u76ee\u4e0a\u7684\u6210\u7ee9\u80af\u5b9a\u662fD\u3002\u8fd9\u4e00\u5e74\u5bf9\u6211\u4eec\u4f24\u5bb3\u6700\u5927\u7684\u5c31\u662f\u4f2f\u514b\u5e0c\u5c14\u80a1\u7968\u6295\u8d44\u7ec4\u5408\u7684\u7cdf\u7cd5\u8868\u73b0\u2014\u2014\u9664\u4e86\u7531\u653f\u5e9c\u96c7\u5458\u4fdd\u9669\u516c\u53f8(GEICO)\u7684\u5362\u00b7\u8f9b\u666e\u68ee(Lou Simpson)\u8d1f\u8d23\u7ba1\u7406\u7684\u4e00\u5c0f\u90e8\u5206\u4e4b\u5916\uff0c\u8fd9\u4e2a\u6295\u8d44\u7ec4\u5408\u7684\u8d23\u4efb\u5b8c\u5168\u7531\u6211\u627f\u62c5\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/final1999pdf.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2000\u5e743\u67081\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u4e0d\u8981\u6309\u5b57\u9762\u610f\u601d\u53bb\u7406\u89e3\u5c0f\u9e1f<\/strong><\/p>\n\n\n\n<p>\u201c\u8fd9\u4e2a\u4f20\u8fbe\u795e\u8c15\u7684\u5723\u4eba\u662f\u4f0a\u7d22\uff0c\u4ed6\u7ecf\u4e45\u4e0d\u8870\u7684\u6295\u8d44\u707c\u89c1\uff08\u5c3d\u7ba1\u6709\u4e9b\u4e0d\u5b8c\u6574\uff09\u5c31\u662f\u2018\u4e00\u9e1f\u5728\u624b\u80dc\u8fc7\u4e8c\u9e1f\u5728\u6797\u2019\u3002\u8981\u5145\u5b9e\u8fd9\u4e00\u539f\u5219\uff0c\u4f60\u53ea\u9700\u8981\u56de\u7b54\u4e09\u4e2a\u95ee\u9898\u3002\u4f60\u6709\u591a\u786e\u5b9a\u704c\u6728\u6797\u91cc\u771f\u7684\u6709\u9e1f\uff1f\u5b83\u4eec\u4ec0\u4e48\u65f6\u5019\u4f1a\u51fa\u73b0\u4ee5\u53ca\u4f1a\u51fa\u73b0\u591a\u5c11\u53ea\uff1f\u65e0\u98ce\u9669\u5229\u7387\u6709\u591a\u9ad8\uff08\u6211\u4eec\u5047\u5b9a\u8fd9\u4e2a\u5229\u7387\u5c31\u662f\u957f\u671f\u7f8e\u56fd\u56fd\u503a\u7684\u6536\u76ca\u7387\uff09\uff1f\u5982\u679c\u4f60\u80fd\u56de\u7b54\u8fd9\u4e09\u4e2a\u95ee\u9898\uff0c\u4f60\u5c31\u80fd\u77e5\u9053\u8fd9\u7247\u704c\u6728\u6797\u7684\u6700\u5927\u4ef7\u503c\u4ee5\u53ca\u4f60\u73b0\u5728\u62e5\u6709\u7684\u5e94\u8be5\u4e3a\u8fd9\u7247\u6797\u5b50\u63d0\u4f9b\u7684\u6700\u5927\u6570\u91cf\u7684\u5c0f\u9e1f\u3002\u5f53\u7136\uff0c\u4e0d\u8981\u6309\u5b57\u9762\u610f\u601d\u53bb\u7406\u89e3\u8fd9\u4e2a\u5c0f\u9e1f\u3002\u628a\u5b83\u60f3\u6210\u7f8e\u5143\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2000pdf.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2001\u5e742\u670828\u65e5<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623-1024x682.jpeg\" alt=\"\" class=\"wp-image-11558\" srcset=\"https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623-1024x682.jpeg 1024w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623-300x200.jpeg 300w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623-768x511.jpeg 768w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623-1170x779.jpeg 1170w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623-585x389.jpeg 585w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623-263x175.jpeg 263w, https:\/\/newswz.com\/wp-content\/uploads\/2024\/03\/im-929623.jpeg 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">2019\u5e74\uff0c\u5df4\u83f2\u7279\u5728\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8\u7684\u5e74\u5ea6\u80a1\u4e1c\u5927\u4f1a\u4e0a\u3002<\/h4>\n\n\n\n<p>\u56fe\u7247\u6765\u6e90\uff1aSCOTT MORGAN\/REUTERS<\/p>\n\n\n\n<p><strong>\u501f\u52bf<\/strong><\/p>\n\n\n\n<p>\u201c\u591a\u5e74\u6765\uff0c\u4f2f\u514b\u5e0c\u5c14\u54c8\u6492\u97e6\u516c\u53f8\u548c\u5176\u4ed6\u7f8e\u56fd\u80a1\u7968\u7684\u6301\u6709\u8005\u8f7b\u800c\u6613\u4e3e\u5730\u5b9e\u73b0\u4e86\u7e41\u8363\u3002\u8ba9\u6211\u4eec\u4e3e\u4e2a\u771f\u6b63\u957f\u671f\u7684\u4f8b\u5b50\uff0c\u4ece1899\u5e7412\u670831\u65e5\u52301999\u5e7412\u670831\u65e5\uff0c\u9053\u6307\u4ece66\u70b9\u4e0a\u6da8\u523011,497\u70b9\u3002\u8fd9\u79cd\u5de8\u5927\u6da8\u5e45\u80cc\u540e\u7684\u539f\u56e0\u5f88\u7b80\u5355\uff1a\u4e00\u4e2a\u4e16\u7eaa\u4ee5\u6765\uff0c\u7f8e\u56fd\u4f01\u4e1a\u8868\u73b0\u5f97\u5f02\u5e38\u51fa\u8272\uff0c\u6295\u8d44\u8005\u501f\u7740\u8fd9\u80a1\u7e41\u8363\u52bf\u5934\u4e58\u98ce\u7834\u6d6a\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2005ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2006\u5e742\u670828\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u8d44\u672c\u5bb6\u548c\u5c0f\u9e70\u9547<\/strong><\/p>\n\n\n\n<p>\u201c\u6700\u7cdf\u7cd5\u7684\u4f01\u4e1a\u5c31\u662f\u90a3\u79cd\u589e\u957f\u8fc5\u901f\uff0c\u9700\u8981\u5927\u91cf\u8d44\u672c\u6765\u5b9e\u73b0\u8fd9\u79cd\u589e\u957f\uff0c\u7ed3\u679c\u5374\u8d5a\u4e0d\u5230\u4ec0\u4e48\u94b1\u7684\u4f01\u4e1a\u3002\u60f3\u60f3\u822a\u7a7a\u516c\u53f8\u3002\u81ea\u83b1\u7279\u5144\u5f1f(Wright Brothers)\u65f6\u4ee3\u4ee5\u6765\uff0c\u6301\u4e45\u7684\u7ade\u4e89\u4f18\u52bf\u5728\u8fd9\u4e2a\u884c\u4e1a\u5df2\u88ab\u8bc1\u660e\u662f\u96be\u4ee5\u6349\u6478\u7684\u4e1c\u897f\u3002\u5b9e\u9645\u4e0a\uff0c\u5982\u679c\u4e00\u4f4d\u6709\u8fdc\u89c1\u7684\u8d44\u672c\u5bb6\u5f53\u65f6\u5c31\u5728\u5c0f\u9e70\u9547(Kitty Hawk)\u7684\u9996\u98de\u73b0\u573a\uff0c\u4ed6\u4f1a\u51fb\u843d\u5965\u7ef4\u5c14(Orville)\uff08\u8bd1\u8005\u6ce8\uff1a\u83b1\u7279\u5144\u5f1f\u4e2d\u7684\u5f1f\u5f1f\uff09\u7684\u98de\u673a\uff0c\u7ed9\u4ed6\u7684\u540e\u6765\u8005\u5e2e\u4e2a\u5927\u5fd9\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2007ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2008\u5e742\u6708<\/a><\/p>\n\n\n\n<p><strong>\u4ef7\u683c\u7684\u91cd\u8981\u6027<\/strong><\/p>\n\n\n\n<p>\u201c\u8d44\u672c\u914d\u7f6e\u7684\u7b2c\u4e00\u5b9a\u5f8b\uff08\u65e0\u8bba\u8fd9\u4e9b\u8d44\u91d1\u662f\u7528\u4e8e\u6536\u8d2d\u8fd8\u662f\u80a1\u7968\u56de\u8d2d\uff09\u5c31\u662f\uff0c\u5728\u67d0\u4e00\u4e2a\u4ef7\u683c\u4e0a\u5c55\u5f00\u4ea4\u6613\u4f60\u662f\u660e\u667a\u7684\uff0c\u4f46\u5728\u53e6\u4e00\u4e2a\u4ef7\u683c\u4e0a\u4f60\u53ef\u80fd\u5c31\u662f\u611a\u8822\u7684\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2011ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2012\u5e742\u670825\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u6ce1\u6cab\u7834\u88c2<\/strong><\/p>\n\n\n\n<p>\u201c\u5728\u8fc7\u53bb15\u5e74\u4e2d\uff0c\u4e92\u8054\u7f51\u7c7b\u80a1\u548c\u623f\u5730\u4ea7\u90fd\u8bc1\u660e\u4e86\u4e00\u70b9\uff1a\u5c06\u6700\u521d\u5408\u7406\u7684\u8bba\u70b9\u4e0e\u5e7f\u4e3a\u4eba\u77e5\u7684\u4e0d\u65ad\u4e0a\u6da8\u7684\u4ef7\u683c\u7ed3\u5408\u8d77\u6765\u5c31\u4f1a\u5bfc\u81f4\u6781\u5ea6\u8fc7\u5269\u3002\u5728\u8fd9\u4e9b\u6ce1\u6cab\u4e2d\uff0c\u4e00\u5927\u6279\u539f\u672c\u6301\u6000\u7591\u6001\u5ea6\u7684\u6295\u8d44\u8005\u5c48\u4ece\u4e8e\u5e02\u573a\u63d0\u4f9b\u7684\u2018\u8bc1\u636e\u2019\uff0c\u800c\u4e70\u5bb6\u7fa4\u4f53\u4e00\u5ea6\u4f1a\u6269\u5927\u5230\u8db3\u4ee5\u7ee7\u7eed\u63a8\u8fdb\u8fd9\u80a1\u6d6a\u6f6e\u7684\u7a0b\u5ea6\u3002\u4f46\u662f\uff0c\u6ce1\u6cab\u5439\u5f97\u8db3\u591f\u5927\uff0c\u5c31\u4e0d\u53ef\u907f\u514d\u5730\u4f1a\u7834\u88c2\u3002\u7136\u540e\uff0c\u4e00\u53e5\u53e4\u8001\u7684\u8c1a\u8bed\u518d\u6b21\u5f97\u5230\u8bc1\u5b9e\uff1a\u2018\u667a\u8005\u59cb\uff0c\u611a\u8005\u7ec8\u3002\u2019\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2011ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2012\u5e742\u670825\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u8fd8\u6ca1\u6709\u51c6\u5907\u597d\u4f7f\u7528Tinder<\/strong><\/p>\n\n\n\n<p>\u201c\u5728\u751f\u4ea7\u4eba\u4eec\u60f3\u8981\u7684\u4e1c\u897f\u65b9\u9762\uff0c\u6ca1\u6709\u4ec0\u4e48\u80fd\u4e0e\u5e02\u573a\u4f53\u7cfb\u76f8\u5ab2\u7f8e\u2014\u2014\u5728\u63d0\u4f9b\u4eba\u4eec\u8fd8\u4e0d\u77e5\u9053\u81ea\u5df1\u60f3\u8981\u7684\u4e1c\u897f\u65b9\u9762\uff0c\u5e02\u573a\u4f53\u7cfb\u66f4\u662f\u6240\u5411\u62ab\u9761\u3002\u6211\u7236\u6bcd\u5e74\u8f7b\u7684\u65f6\u5019\u60f3\u8c61\u4e0d\u5230\u7535\u89c6\u673a\uff0c\u6211\u572850\u591a\u5c81\u7684\u65f6\u5019\u4e5f\u4e0d\u8ba4\u4e3a\u81ea\u5df1\u9700\u8981\u4e00\u53f0\u4e2a\u4eba\u7535\u8111\u3002\u4e00\u65e6\u4eba\u4eec\u53d1\u73b0\u4e86\u5b83\u4eec\u7684\u529f\u80fd\uff0c\u8fd9\u4e24\u6837\u4ea7\u54c1\u5c31\u8fc5\u901f\u6539\u53d8\u4e86\u4ed6\u4eec\u7684\u751f\u6d3b\u3002\u5982\u4eca\uff0c\u6211\u6bcf\u5468\u82b1\u5341\u4e2a\u5c0f\u65f6\u5728\u7f51\u4e0a\u6253\u6865\u724c\u3002\u800c\u4e14\uff0c\u5728\u6211\u5199\u8fd9\u5c01\u4fe1\u7684\u65f6\u5019\uff0c\u2018\u641c\u7d22\u2019\u5bf9\u6211\u6765\u8bf4\u662f\u65e0\u4ef7\u4e4b\u5b9d\u3002\uff08\u4e0d\u8fc7\uff0c\u6211\u8fd8\u6ca1\u6709\u51c6\u5907\u597d\u4f7f\u7528Tinder\u3002\uff09\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2015ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2016\u5e742\u670827\u65e5<\/a><\/p>\n\n\n\n<p><strong>\u51c6\u5907\u597d\u6d17\u8863\u76c6\uff0c\u800c\u4e0d\u662f\u8336\u5319<\/strong><\/p>\n\n\n\n<p>\u201c\u67e5\u7406\u548c\u6211\u6ca1\u6709\u4ec0\u4e48\u795e\u5947\u7684\u8ba1\u5212\u6765\u589e\u52a0\u6536\u76ca\uff0c\u53ea\u662f\u6709\u8fdc\u5927\u7684\u68a6\u60f3\uff0c\u5e76\u4e14\u5728\u5fc3\u7406\u4e0a\u548c\u8d22\u52a1\u4e0a\u505a\u597d\u51c6\u5907\uff0c\u4ee5\u4fbf\u5728\u673a\u4f1a\u51fa\u73b0\u65f6\u8fc5\u901f\u91c7\u53d6\u884c\u52a8\u3002\u6bcf\u9694\u5341\u5e74\u5de6\u53f3\uff0c\u7ecf\u6d4e\u5929\u7a7a\u5c31\u4f1a\u5e03\u6ee1\u4e4c\u4e91\uff0c\u7136\u540e\u4f1a\u4e0b\u4e00\u573a\u77ed\u6682\u7684\u9ec4\u91d1\u96e8\u3002\u5f53\u8fd9\u79cd\u503e\u76c6\u5927\u96e8\u964d\u4e34\u65f6\uff0c\u6211\u4eec\u5fc5\u987b\u5e26\u7740\u6d17\u8863\u76c6\u800c\u4e0d\u662f\u8336\u5319\u51b2\u51fa\u95e8\u3002\u201d\u2014\u2014<a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2016ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2017\u5e742\u670825\u65e5<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u56fe\u7247\u6765\u6e90\uff1aNICHOLAS ROBERTS\/&hellip;<\/p>\n","protected":false},"author":2,"featured_media":11560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[23,24],"tags":[],"class_list":["post-11556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-23","category-24"],"_links":{"self":[{"href":"https:\/\/newswz.com\/index.php?rest_route=\/wp\/v2\/posts\/11556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswz.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newswz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11556"}],"version-history":[{"count":1,"href":"https:\/\/newswz.com\/index.php?rest_route=\/wp\/v2\/posts\/11556\/revisions"}],"predecessor-version":[{"id":11562,"href":"https:\/\/newswz.com\/index.php?rest_route=\/wp\/v2\/posts\/11556\/revisions\/11562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswz.com\/index.php?rest_route=\/wp\/v2\/media\/11560"}],"wp:attachment":[{"href":"https:\/\/newswz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}