史上最全巴菲特语录

20世纪80年代

    1983年8月22日：《来自巴菲特董事长的信》

    “市场就像上帝一样，会帮助那些自助者。但与上帝不同，市场不会饶恕那些不知道自己在做什么的人。”

    1983年12月26日：《你能跑赢股市吗？》

    巴菲特说，在投资中，“你需要等待最佳时机。”

    1986年1月20日：《伤脑筋的并购费》

    “巴菲特非常聪明，”并购大师布鲁斯•沃瑟斯坦回忆说。“得小心别被他盯上。”

    1986年9月29日：《一切都该留给子孙吗？》

    “会有人说，挑选奥运冠军队员的最佳方式就是选那些20年前夺得冠军的子女们吗？如果社会竞争这样进行，（那就）太疯狂了。”

    1987年12月7日：《对于指数期货的早期恐惧》

    “我们不需要更多的人来参与美国股市早已认定可有可无的工具，券商也不该鼓励人们参与此类投资…我们需要明智地配置投资资本，不是杠杆化的市场押注。”

    1988年4月11日：《巴菲特内幕》

    “当一位声名卓著的经理接管一家基本面数据糟糕的公司时，安然无恙的是公司的名声，这一点很少有例外。”

    1989年10月30日：《谁将成为新的巴菲特？》

    “你不需要一名火箭科学家。投资不是智商160打败智商130的游戏……当别人都出于短期的贪婪或恐惧而做出决定时，理性至关重要。这就是赚钱的时候。”

1980s

    Aug. 22, 1983: Letters from chairman Buffett

    "The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do."

    Dec. 26, 1983: Can you beat the stock market?

    In investing, says Buffett, "you wait for the 3 and 0 pitch."

    Jan. 20, 1986: Merger fees that bend the mind

    "Buffett is so smart," remembers Bruce Wasserstein, "that you had to be careful to avoid being picked."

    Sept. 29, 1986: Should you leave it all to the children?

    "Would anyone say the best way to pick a championship Olympic team is to select the sons and daughters of those who won 20 years ago? [That would be] a crazy way for a society to compete."

    Dec. 7, 1987: Early fears about index futures

    "We do not need more people gambling in nonessential instruments identified with the stock market in this country, nor brokers who encourage them to do so … We need the intelligent commitment of investment capital, not leveraged market wagers."

    April 11, 1988: The inside story of Warren Buffett

    "With few exceptions, when a manager with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact."

    Oct. 30, 1989: Are these the new Warren Buffetts?

    "You don't need a rocket scientist. Investing is not a game where the 160 IQ guy beats the guy with the 130 IQ … Rationality is essential when others are making decisions based on short-term greed or fear. That is when the money is made."