史上最全巴菲特语录

20世纪90年代

    1991年4月22日：《巴菲特买进垃圾债》

    “很多事情我都希望自己能有后见之明。但对于投资决定而言，我不认为后见之明有用。只有行动才有回报。”

    1994年1月10日：《现在，听听这个》

    “保罗•摩泽尔付了3万美元，并被判入狱4个月。所罗门（Salomon）的股东们（包括我）付了2.90亿美元，我被判担任10个月的CEO。”

    1995年3月20日：《解开衍生品的乱麻》

    巴菲特表示，如果要与衍生品打交道，他会要求每位CEO在年报中确认自己了解公司参与的每项衍生产品。“把这条写上。‘巴菲特说，’我想你就能解决好存在的每一个问题。’”

    1996年2月5日：《巴菲特的投资法门》

    “应当投资甚至连傻瓜都能经营的业务，因为总有一天会有一个傻瓜来经营它。”

    1997年10月27日：《巴菲特在所罗门力挽狂澜》

    回顾所罗门危机：当巴菲特成为临时董事长时，有位记者问他，如何能处理好身处纽约和奥马哈两地。他回答说：“我母亲在我的内衣上缝上了我的名字，不会有问题的。”

    1998年7月20日：《盖茨和巴菲特秀》

    “在大多数收购交易中，做收购标的比做收购者更好。收购者付钱后，还要把捕获的猎物拖回自己的巢穴。”

    1999年11月22日：《巴菲特谈股市》

    “我认为，很难有力地论证，未来17年的股市表现将与过去17年有任何类似相像的地方——任何相像的地方。如果一定要选择一个最可能的回报率，考虑到股息和升值因素，投资者总体而言…将获得…6%的回报率。”

1990s

    April 22, 1991: Buffett buys junk

    "There are a lot of things I wish I'd done in hindsight. But I don't think much of hindsight generally in terms of investment decisions. You only get paid for what you do."

    Jan. 10, 1994: Now hear this

    "Paul Mozer's paying $30,000 and is sentenced to prison for four months. Salomon's shareholders -- including me -- paid $290 million, and I got sentenced to 10 months as CEO."

    March 20, 1995: Untangling the derivatives mess

    "Buffett says he'd deal with derivatives by requiring every CEO to affirm in his annual report that he understands each derivatives contract his company has entered into. 'Put that in,' says Buffett, 'and I suspect you'll fix up just about every problem that exists.' "

    Feb. 5, 1996: Gates on Buffett

    "You should invest in a business that even a fool can run, because someday a fool will."

    Oct. 27, 1997: Warren Buffett's wild ride at Salomon

    Looking back at the Salomon crisis: Once Buffett became interim chairman, he was asked by a reporter how he would handle needing to be in both New York and Omaha. "My mother has sewn my name in my underwear, so it will be all right," he answered.

    July 20, 1998: The Bill and Warren show

    "In most acquisitions, it's better to be the target rather than the acquirer. The acquirer pays for the fact that he gets to haul back to his cave the carcass of the conquered animal."

    Nov. 22, 1999: Mr. Buffett on the stock market

    "I think it's hard to come up with a persuasive case that equities over the next 17 years will perform anything like -- anything like -- they've performed in the past 17. If I had to pick the most probable return, from dividends and appreciation combined, that investors in aggregate … would earn … it would be 6%."