我得到过的最佳建议

2.沃伦•巴菲特和查理•芒格

1959年，他们在奥马哈的一次晚宴上相识，马上对彼此产生了兴趣。“他在大厅里踱步，被自己讲的笑话逗得开怀大笑。我想，这人和我是一路人——我也是这样。”他们马上开始分享投资理念。19年后，芒格加入了伯克希尔-哈撒韦公司（Berkshire Hathaway）。两人至今仍然在共事，只不过83岁的首席执行官巴菲特在奥马哈，89岁的副董事长芒格在洛杉矶。每年春天的伯克希尔年会上，他俩并肩坐在台上，向近3万名股东和崇拜者传播关于投资、商业和生活的点滴心得。但人们很少读到两人在芝加哥所做的那种最成功的投资对话，聊的是他们从彼此身上学到了什么。――P.S.

芒格：我得到的最佳建议是别当律师。律师是我家族传承了两代的职业，沃伦对我的生来就要从事的职业很是不屑。他认为，把它当业余爱好没问题，但当成事业就实在太愚蠢了。

巴菲特：干这行不能发挥他全部的才干。如果他真想玩点有意思的，他应该放弃法律，加入我的行业。律师这一行在很大程度是委托人的代理，律师的工作是为别人服务。我要为自己服务，实施我自己的主张。我知道，查理的想法和我一样。

芒格：在我想明白之前，我的一只脚已经踏进了律师行业。后来我把那只脚拔了出来。前后只花了几个月的时间。

巴菲特：我一度偏向低价证券。查理说，这种投资理念不对。我当时是跟我的偶像本•格雷厄姆学的。（查理）说长期赚大钱的方法是投资一家好的企业，坚定不移地持有它，或许还要为它增加更多好的业务。对我来说，这是相当、相当大的改变。我没有马上改过来，后来还出现过反复。但它对我的业绩产生了巨大影响。他绝对是正确的。

芒格：我有个一生的习惯：我观察什么管用，什么不管用，背后的原因是什么。

巴菲特：我们运用这种方法收购的第一家企业是时思糖果公司（See's Candies）。这是一家出色的企业。不过，以我过去的经历，我是绝对不想把最后一百万美元资金投在它身上的。

芒格：最后一百万？你不想投最后25,000美元！

巴菲特：查理一直提醒我，我又滑落到石器时代了。他给我的建议要比我给他的多很多。他过着非常理性的生活。我从来没听到他表达过任何对别人的嫉妒之词。

芒格：有句老话说：“嫉妒有什么好？它是一种不能给人带来任何乐趣的罪恶。”

巴菲特：性情比智商更重要。

芒格说：另一个大秘密是，我们擅长终生学习。从很多方面讲，沃伦在七、八十岁时比年轻时更擅于学习。如果一个人不停学习，就会拥有极大的优势。

2.Warren Buffett & Charlie Munger

They met at a dinner party in Omaha in 1959 and took an instant liking to each other. "He was rolling on the floor laughing at his own jokes, and I thought, That is my kind of guy -- I do the same thing," Buffett says. They started sharing investment ideas immediately, and Munger joined Berkshire Hathaway (BRKA, Fortune 500) 19 years later. The two are still together, though they operate remotely -- CEO Buffett, 83, in Omaha, and vice chairman Munger, 89, in Los Angeles. Each spring they sit side by side onstage at the Berkshire annual meeting, dispensing snippets about investing, business, and life to some 30,000 shareholders and worshipers. But it's rare to get this most successful investment duo talking, as they did here in Chicago, about what they've learned from each other. --P.S.

Munger: The best advice I ever got from Warren was to stop practicing law. Warren was very derisory about my chosen profession, which had been in my family for a couple of generations. He thought it was all right as a hobby, but as a business it was pretty stupid.

Buffett: It didn't use his full talents. If he really wanted to get in an interesting game, he should leave law and get into my game. In law, to a great extent, you're an agent for your principal. Your job is there to serve somebody else. I got to serve myself, to implement my own ideas. And I knew Charlie was cut the same way.

Munger: I kept one foot in the law practice until I knew it was going to work, and then I removed that foot. It took only a few months.

Buffett: I had been oriented toward cheap securities. Charlie said that was the wrong way to look at it. I had learned it from Ben Graham, a hero of mine. [Charlie] said that the way to make really big money over time is to invest in a good business and stick to it and then maybe add more good businesses to it. That was a big, big, big change for me. I didn't make it immediately and would lapse back. But it had a huge effect on my results. He was dead right.

Munger: I have a habit in life. I observe what works and what doesn't and why.

Buffett: The first real business we bought that way was See's Candies. It was an outstanding business. From my past, I didn't want to pay the last few million dollars.

Munger: The last few million? You didn't want to pay the last $25,000!

Buffett: Charlie kept reminding me that I was slipping into the Stone Age again. He's given me a lot more advice than I've given him. He lives a very rational life. I've never heard him say a word that expressed envy of anyone.

Munger: There's an old saying, "What good is envy? It's the one sin you can't have any fun at."

Buffett: Temperament is more important than IQ.

Munger: The other big secret is that we're good at lifelong learning. Warren is better in his seventies and eighties, in many ways, than he was when he was younger. If you keep learning all the time, you have a wonderful advantage.