The Highest Yielding Buffett
史上最好的投资建议英文版
史上最好的20条投资建议 The Best Investment Advice Of All Time【英文版】（排名不分先后）1. Jack BogleFounder, VanguardIndispensible Wisdom: It's the fees, stupidNicknames: Jack, Saint Jack (used by supporters and detractors alike)Fundamentals: When he launched the first retail stock index fund, the Vanguard 500, in 1976, it was derided by some as "Bogle's Folly." But thanks to a 1996 heart transplant, Bogle has lived to see widespread acceptance of his disruptive idea--that since you can't beat the market, low costsare all that matter. The Vanguard Group is now the world's largest mutual fund family, with USD2.6 trillion under management.Invest Like Bogle: Allocate between Vanguard Total Stock Market Index and Vanguard Total Bond Market Index according to your age and risk tolerance. Automate your contributions, and stop thinking about stocks. You have better things to do.2. Sir John Templeton1912-2008Founder, Templeton FundsIndispensable wisdom:Buy at the point of maximum pessimism; sell at the point of maximumoptimismMoney quote: "If you buy the same securities everyone else is buying, you will have the same results as everyone else."Invest Like Templeton: The Templeton Growth Fund continues to employ Sir John's strategies and has averaged an 18.3% return over the last five years.3. Warren BuffettAge: 83Chairman and CEO, Berkshire HathawayIndispensible Wisdom:Only invest in what you understand and at the right priceNickname: Oracle of OmahaBestseller: Berkshire's annual letter to shareholdersMoney Quote: "Whether socks or stocks, I like buying quality merchandise when it is marked down."Invest Like Buffett: Why not just buy Berkshire Hathaway and have Warren invest for you? The "Baby Berkshire" B shares, at $126, are more accessible than the USD 190,000 A shares.4. Nathan Mayer Rothschild1777-1836Founder, N.M. Rothschild & SonsIndispensable Wisdon: Information is moneyCrystal Ball Cred: Thanks to his extensive network of carrier pigeons Rothschild knew that England had defeated France at Waterloo before anyone else in London. As other traders on the stock exchange braced for a British loss, he went long.Fundamentals: Rothschild's father planted the seeds for the 19th century's greatest banking empire by stationing each of his five sons in different European cities. Nathan got London, but throughout his career he was able to profit from the insights of his brothers in Frankfurt, Paris, Naples and Vienna.Invest Like Rothschild: Tap into groups with their fingers on the pulse. Consider shares in high-yielding private equity firms like Blackstone Group, Apollo Global Management, Kohlberg Kravis Roberts and Carlyle Group。
巴菲特演讲【哈佛大学毕业典礼】
巴菲特演讲【哈佛大学毕业典礼】巴菲特的一次演讲（一）我想先讲几分钟的套话，然后我就主要来接受你们的提问。
我想谈的是你们的所思所想。
我鼓励你们给我出难题，畅所欲言，言无不尽。
（原文：我希望你们扔些高难度的球，如果你们的投球带些速度的话，我回答起来会更有兴致）你们几乎可以问任何问题，除了上个礼拜的Texas A&M的大学橄榄球赛，那超出我所能接受的极限了。
我们这里来了几个SunTrust（译者注：美国一家大型商业银行）的人。
我刚刚参加完Coca Cola的股东大会（译者注：Warren Buffet的投资公司是Coca Cola的长期大股东之一），我坐在吉米●威廉姆斯边上。
吉米领导了SunTrust多年。
吉米一定让我穿上这件SunTrust的T恤到这来。
我一直试着让老年高尔夫联盟给我赞助，但是都无功而返。
没想到我在SunTrust这，却做的不错。
吉米说，基于SunTrust存款的增长，我会得到一定比例的酬劳。
所以我为SunTrust鼓劲。
（译者注：巴菲特在开玩笑）关于你们走出校门后的前程，我在这里只想讲一分钟。
你们在这里已经学了很多关于投资方面的知识，你们学会如何做好事情，你们有足够的IQ能做好，你们也有动力和精力来做好，否则你们就不会在这里了。
你们中的许多人都将最终实现你们的理想。
但是在智能和能量之外，还有更多的东西来决定你是否成功，我想谈谈那些东西。
实际上，在我们Omaha（译者注：Berkshire Hathaway 公司的总部所在地）有一位先生说，当他雇人时，他会看三个方面：诚信，智能，和精力。
雇一个只有智能和精力，却没有诚信的人会毁了雇者。
一个没有诚信的人，你只能希望他愚蠢和懒惰，而不是聪明和精力充沛。
我想谈的是第一点，因为我知道你们都具备后两点。
在考虑这个问题时，请你们和我一起玩玩这个游戏。
你们现在都是在MBA的第二年，所以你们对自己的同学也应该都了解了。
现在我给你们一个来买进10％的你的一个同学的权利，一直到他的生命结束。
了不起的盖茨比第七章英语单词知乎
了不起的盖茨比第七章英语单词知乎全文共3篇示例，供读者参考篇1The Vocabulary of Chapter 7 in The Great Gatsby by F. Scott FitzgeraldWhat's up, guys? It's your boi here with another round of vocab from the literary classic The Great Gatsby. This time we're diving into Chapter 7, so get ready for some wild times!Let's kick things off with "feign" (v.). In the chapter, Tom feigns drunkenness to provoke a reaction from the others. To feign means to pretend or put on an act. Like when your buddy feigns interest in that boring history lecture just to impress the cute girl in the front row. We've all been there, am I right?Next up is "reproach" (n.). Gatsby reproaches Tom for his unpardonable behavior, meaning he expresses criticism or censure. When your mom gives you that look of reproach after you failed another math test, you know you're in trouble!Get ready for some fancy vocabulary with "obsequious" (adj.). The butler shows an obsequious manner, so he's extremely respectful and compliant, almost to an excessive degree. Kindalike how we all act obsequious around our crushes, trying so hard to impress them. Smooth moves, my friends.Ooh, here's a good one: "little-tarnished" (adj.). Daisy's voice is described as "little-tarnished" by the dust of living. In other words, her voice has lost some of its shine or luster due to the challenges of life. Like when your brand new sneakers get a little tarnished after a few months of wear and tear. But hey, that's just character, right?Moving on to "indefensibly" (adv.). Tom's behavior is described as indefensibly, meaning it cannot be justified or excused. Like when you indefensibly ditch your study group to go party, and then bomb the final exam. Oops!Now, let's talk "disconcert" (v.). Gatsby's words disconcert Daisy, meaning they confuse or unsettle her. You know that feeling when your professor asks you a question in class, and you're just utterly disconcerted? Yeah, been there, done that.Ooh, here's a juicy one: "contralto" (n.). Daisy's voice is described as a contralto, which is the lowest female voice range. Think of those rich, sultry singers who just ooze confidence and charisma. Contralto voices are like vocal catnip for music lovers everywhere.Get ready for some high-level vocab with "sumptuous" (adj.). The rooms in Gatsby's mansion are described as sumptuous, meaning they're extremely luxurious and opulent. Kinda like how we all dream of living in a sumptuous penthouse suite with a killer view and a private jacuzzi. A guy can dream, right?Alright, let's keep it moving with "ineffable" (adj.). Daisy's voice is described as having an "ineffable charm," meaning its appeal or attractiveness is too great to be described or expressed in words. Like when you try to explain to your friends why you're so smitten with your latest crush, but the charm is just ineffable, you know?Last but not least, we've got "imputation" (n.). Gatsby makes an imputation on Tom's character, meaning he implies or suggests something negative about Tom's integrity or principles. Kinda like when your lab partner makes an imputation about your work ethic after you slacked off on that group project. Ouch, that stings!Well, there you have it, folks – a rundown of some of the most interesting and challenging vocabulary from Chapter 7 of The Great Gatsby. I hope this helps you not only understand the text better but also expand your own linguistic repertoire. Because let's be real, having a killer vocab is like having a secretweapon in your back pocket. It'll help you slay those essays, impress your professors, and maybe even catch the eye of that special someone. Just saying.Anyway, that's all for now. Stay classy, my friends, and keep those vocab skills sharp!篇2Title: The Vocabulary of Chapter 7 in The Great Gatsby ExploredChapter 7 of The Great Gatsby is an intense and pivotal chapter, filled with drama, conflict, and profound realizations. As a student deeply engaged with this literary masterpiece, I found the vocabulary used in this chapter to be particularly impactful and worth exploring in depth.One word that immediately caught my attention was "inexplicable" (adj.), used when Nick describes Gatsby's inexplicable conviction that Daisy would leave Tom for him. This word conveys a sense of mystery and perplexity, reflecting the enigmatic nature of Gatsby's unwavering belief in his romantic vision.The word "colossal" (adj.) is used to describe the magnitude of Gatsby's dreams and aspirations. It paints a picture ofsomething massive, grandiose, and awe-inspiring – a fitting description for the larger-than-life ambitions that drive Gatsby's pursuit of Daisy.When Gatsby's world comes crashing down, Nick describes it as a "grotesque" (adj.) situation, emphasizing the distorted and unnatural nature of the events unfolding. This word carries a sense of ugliness and distortion, perfectly capturing the jarring reality that contrasts with Gatsby's idealized dreams.As tensions escalate, Nick observes Tom's "supercilious" (adj.) manner, suggesting an air of arrogant superiority and disdain. This word effectively conveys Tom's haughty and condescending attitude, which serves as a catalyst for the brewing conflict.In a poignant moment, Nick remarks on Gatsby's "gorgeous" (adj.) imagination, celebrating the beauty and vividness of his romantic vision. This word not only highlights the allure of Gatsby's dreams but also underscores the contrast between his idealized world and the harsh realities he faces.When Gatsby's illusions are shattered, Nick describes him as being "stunned" (adj.), conveying a state of utter disbelief and shock. This word effectively captures the profound impact of Gatsby's disillusionment, as his carefully constructed dreams crumble around him.As the chapter reaches its climax, Nick notes the "desolate" (adj.) yards surrounding the scene, painting a picture of utter desolation and abandonment. This word reinforces the sense of isolation and emptiness that pervades the aftermath of the tragic events.Another powerful word used is "appalling" (adj.), employed when Nick condemns the careless behavior of Tom and Daisy. This word conveys a sense of shock, horror, and ethical outrage, underscoring the gravity of their actions and the moral implications they carry.Throughout the chapter, Nick's narration is punctuated by the word "incredulous" (adj.), describing his disbelief at the unfolding events. This word effectively captures the sense of astonishment and incredulity that permeates Nick's perspective as he witnesses the dramatic and unexpected turn of events.Finally, the word "immolate" (v.) is used when Nick describes Gatsby's dreams being immolated, evoking a sense of complete destruction and sacrifice. This powerful word not only emphasizes the finality of Gatsby's shattered illusions but also suggests a sense of ritual and martyrdom, elevating his romantic pursuit to a tragic and heroic level.These carefully chosen words by F. Scott Fitzgerald not only enrich the narrative but also serve to convey the depth of emotions, the complexity of characters, and the profound themes explored in this pivotal chapter. As a student, analyzing the vocabulary has deepened my appreciation for the author's masterful command of language and has heightened my understanding of the novel's resonant messages.篇3Title: Mind-Blowing Vocab from The Great Gatsby Chapter 7Yo wassup fam! It's your boy here dropping some serious knowledge about the fire vocab from Chapter 7 of the classic novel The Great Gatsby by F. Scott Fitzgerald. This chapter is an absolute linguistic goldmine, so strap yourselves in for a wild ride through some of the most lit words and phrases.Let's start with "reverberated" – this bad boy describes how the sound of taxi horns kept echoing off the walls, making mad noise pollution. It just reverberates in your brain, you know? Then we've got "stentorian" which means loud and powerful, like how that annoying guy at parties always tries to be the center of attention with his stentorian voice. Cringe.Moving on, "rareties" refers to rare and valuable things, like those limited edition kicks you waited months in line to cop. The "oblivious" seascape is how the ocean view is just chilling, not paying any attention to the drama going down. It's oblivious to the tea being spilled left and right, you feel me?Then we get hit with some deep words like "colossal" and "impending." Colossal means massively huge, like the finale battle in Avengers: Endgame was just colossal. And impending is something that's about to happen, that you can see coming from a mile away. Like when you know you're about to get roasted by your boys for stuttering in front of your crush. The humiliation is impending."Apprehensive" is a great word for feeling anxious and worried, especially about the future. I'm sure we all get apprehensive af thinking about our next calc test, am I right? "Grotesque" means something is ugly or distorted in an unnatural way. Like those grotesque faced water bottle lip fillers, sis needs to chill on that.I can't forget to shoutout "reproachful" which is when you're making someone feel guilty or remorseful for their actions. Your mom's reproachful look when you failed another class is just too much. Moving on to "disconcerted" which captures beingknocked off balance emotionally, like how I felt disconcerted after my boy snitched about my secret glo-up routine. Not cool bro.Okay, one of my absolute favorites is "ineffable" which refers to something being indescribable or too great to be expressed in words. Like the ineffable feeling of pure bliss when your Uber Eats finally arrives after a hollow two hour wait. Ineffable satisfaction.This next one is a wild flex - "preternatural" means something is beyond what is normal or natural. Like when you see someone's preternatural ability to sleep through their 8am lectures every single day without fail. Sh*t's not normal fam.I could go on and on, but I'll leave you with one last juicy vocab gem: "pathological" means related to or showing evidence of a mental or psychological disorder. Like your friend's pathological need to take a pic for the 'Gram every time y'all go out. Get some help sis, that ain't healthy.So there you have it people, a taste of the exotic af vocab flavors that Chapter 7 has to offer. If you haven't already read this book for your English class, I highly recommend you do. The writing may be from ages ago, but the wordplay is as current as Drake's latest album. Catch y'all on the flip!。
buffett the making of an american capitalist 英语原文
buffett the making of an american capitalist 英语原文全文共四篇示例，供读者参考第一篇示例：Buffett: The Making of an American Capitalist is a biography written by Roger Lowenstein that dives deep into the life and career of Warren Buffett, one of the most successful investors in history. The book provides an in-depth look at Buffett's early years, his investment philosophy, and his journey to becoming a renowned capitalist.第二篇示例：After graduating from college, Buffett worked as a stockbroker and investment analyst before starting his own investment partnership in 1956. Over the years, Buffett developed a unique investment philosophy that emphasized value investing and long-term thinking. He became known for his ability to pick undervalued stocks and companies with strong competitive advantages.第三篇示例：《Buffett: The Making of an American Capitalist》是一本关于华伦·巴菲特的传记，作者是罗杰·洛温斯坦。
微观经济学第八版课后习题答案第三章
Chapter 3Consumer BehaviorQuestions for Review1. What are the four basic assumptions about individual preferences? Explain the significance ormeaning of each.(1) Preferences are complete: this means that the consumer is able to compare and rank all possiblebaskets of goods and services. (2) Preferences are transitive: this means that preferences are consistent, in the sense that if bundle A is preferred to bundle B and bundle B is preferred to bundle C, then bundleA is preferred to bundle C. (3) More is preferred to less: this means that all goods are desirable, andthat the consumer always prefers to have more of each good. (4) Diminishing marginal rate ofsubstitution: this means that indifference curves are convex, and that the slope of the indifference curve increases (becomes less negative) as we move down along the curve. As a consumer moves down along her indifference curve she is willing to give up fewer units of the good on the vertical axis in exchange for one more unit of the good on the horizontal axis. This assumption also means that balanced market baskets are generally preferred to baskets that have a lot of one good and very little of the other good.2. Can a set of indifference curves be upward sloping? If so, what would this tell you about thetwo goods?A set of indifference curves can be upward sloping if we violate assumption number three: more ispreferred to less. When a set of indifference curves is upward sloping, it means one of the goods is a “bad” so that the consumer pref ers less of that good rather than more. The positive slope means that the consumer will accept more of the bad only if he also receives more of the other good in return. As we move up along the indifference curve the consumer has more of the good he likes, and also more of the good he does not like.3. Explain why two indifference curves cannot intersect.The figure below shows two indifference curves intersecting at point A. We know from the definition of an indifference curve that the consumer has the same level of utility for every bundle of goods that lies on the given curve. In this case, the consumer is indifferent between bundles A and B because they both lie on indifference curve U1. Similarly, the consumer is indifferent between bundles A and C because they both lie on indifference curve U2. By the transitivity of preferences this consumer should also be indifferent between C and B. However, we see from the graph that C lies above B, so C must be preferred to B because C contains more of Good Y and the same amount of Good X as does B, and more is preferred to less. But this violates transitivity, so indifference curves must not intersect.Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall.32 Pindyck/Rubinfeld, Microeconomics, Eighth EditionCopyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall.4. Jon is always willing to trade one can of Coke for one can of Sprite, or one can of Sprite for onecan of Coke.a. What can you say about Jon’s marginal rate of substitution?Jon’s marginal rate of substitution can be defined as the number of cans of Coke he would bewilling to give up in exchange for a can of Sprite. Since he is always willing to trade one for one, his MRS is equal to 1.b. Draw a set of indifference curves for Jon.Since Jon is always willing to trade one can of Coke for one can of Sprite, his indifference curves are linear with a slope of -1. See the diagrams below part c.c. Draw two budget lines with different slopes and illustrate the satisfaction-maximizing choice.What conclusion can you draw?J on’s indifference curves are linear with a slope of -1. Jon’s budget line is also linear, and will have a slope that reflects the ratio of the two prices. If Jon’s budget line is steeper than his indifference curves, he will choose to consume only the good on the vertical axis. If Jon’s budget line is flatter than his indifference curves, he will choose to consume only the good on the horizontal axis. Jon will always choose a corner solution where he buys only the less expensive good, unless his budget line has the same slope as his indifference curves. In this case any combination of Sprite and Cokethat uses up his entire income will maximize Jon’s satisfaction.The diagrams below show cases where Jon’s budget line is steeper than his indifference curvesand where it is flatter. Jon’s indifference curves are linear with slopes of -1, and four indifferencecurves are shown in each diagram as solid lines. Jon’s budget is $4.00. In the diagram on the left, Coke costs $1.00 and Sprite costs $2.00, so Jon can afford 4 Cokes (if he spends his entire budget on Coke) or 2 Sprites (if he spends his budget on Sprite). His budget line is the dashed line. Thehighest indifference curve he can reach is the one furthest to the right. He can reach that level ofutility by purchasing 4 Cokes and no Sprites. In the diagram on the right, the price of Coke is $2.00 and the price of Sprite is $1.00. Jon’s budget line is now flatter than his indifference curves, andhis optimal bundle is the corner solution with 4 Sprites and no Cokes.Chapter 3Consumer Behavior335. What happens to the marginal rate of substitution as you move along a convex indifferencecurve? A linear indifference curve?The MRS measures how much of a good you are willing to give up in exchange for one more unit of the other good, keeping utility constant. The MRS diminishes along a convex indifference curve.This occurs because as you move down along the indifference curve, you are willing to give up less and less of the good on the vertical axis in exchange for one more unit of the good on the horizontal axis. The MRS is also the negative of the slope of the indifference curve, which decreases (becomes closer to zero) as you move down along the indifference curve. The MRS is constant along a linear indifference curve because the slope does not change. The consumer is always willing to trade the same number of units of one good in exchange for the other.6. Explain why an MRS between two goods must equal the ratio of the price of the goods for theconsumer to achieve maximum satisfaction.The MRS describes the rate at which the consumer is willing to trade off one good for another to maintain the same level of satisfaction. The ratio of prices describes the trade-off that the consumer is able to make between the same two goods in the market. The tangency of the indifference curve with the budget line represents the point at which the trade-offs are equal and consumer satisfaction is maximized. If the MRS between two goods is not equal to the ratio of prices, then the consumer could trade one good for another at market prices to obtain higher levels of satisfaction. For example, if the slope of the budget line (the ratio of the prices) is 4, the consumer can trade 4 units of Y(the good on the vertical axis) for one unit of X (the good on the horizontal axis). If the MRS at the current bundle is 6, then the consumer is willing to trade 6 units of Y for one unit of X. Since the two slopes are not equal the consumer is not maximizing her satisfaction. The consumer is willing to trade 6 but only has to trade 4, so she should make the trade. This trading continues until the highest level of satisfaction is achieved. As trades are made, the MRS will change and eventually become equal to the price ratio.7. Describe the indifference curves associated with two goods that are perfect substitutes. What ifthey are perfect complements?Two goods are perfect substitutes if the MRS of one for the other is a constant number. In this case, the slopes of the indifference curves are constant, and the indifference curves are therefore linear. If two goods are perfect complements, the indifference curves are L-shaped. In this case the consumer wants to consume the two goods in a fixed proportion, say one unit of good 1 for every one unit of good 2. If she has more of one good than the other, she does not get any extra satisfaction from the additional units of the first good.8. What is the difference between ordinal utility and cardinal utility? Explain why the assumptionof cardinal utility is not needed in order to rank consumer choices.Ordinal utility implies an ordering among alternatives without regard for intensity of preference. For example, if the c onsumer’s first choice is preferred to his second choice, then utility from the first34Pindyck/Rubinfeld, Microeconomics,Eighth Editionchoice will be higher than utility from the second choice. How much higher is not important. An ordinal utility function generates a ranking of bundles and no meaning is given to the magnitude of the utility number itself. Cardinal utility implies that the intensity of preferences may be quantified, and that the utility number itself has meaning. An ordinal ranking is all that is needed to rank consumer choices. It is not necessary to know how intensely a consumer prefers basket A over basket B; it is enough to know that A is preferred to B.9. Upon merging with the West German economy, East German consumers indicated a preferencefor Mercedes-Benz automobiles over Volkswagens. However, when they converted their savings into deutsche marks, they flocked to Volkswagen dealerships. How can you explain thisapparent paradox?There is no paradox. Preferences do not involve prices, and East German consumers preferredMercedes based solely on product characteristics. However, Mercedes prices are considerablyhigher than Volkswagen prices. So, even though East German consumers preferred a Mercedes to a Volkswagen, they either could not afford a Mercedes or they preferred a bundle of other goods plus a Volkswagen to a Mercedes alone. While the marginal utility of consuming a Mercedes exceeded the marginal utility of consuming a Volkswagen, East German consumers considered the marginal utility per dollar for each good and, for most of them, the marginal utility per dollar was higher forVolkswagens. As a result, they flocked to Volkswagen dealerships to buy VWs.10. Draw a budget line and then draw an indifference curve to illustrate the satisfaction-maximizing choice associated with two products. Use your graph to answer the followingquestions.a. Suppose that one of the products is rationed. Explain why the consumer is likely to beworse off.When goods are not rationed, the consumer is able to choose the satisfaction-maximizing bundle where the slope of the budget line is equal to the slope of the indifference curve, or the price ratio is equal to the MRS. This is point A in the diagram below where the consumer buys G1 of good 1 and G2 of good 2 and achieves utility level U2. If good 1 is now rationed at G* the consumer will no longer be able to attain the utility maximizing point. He or she cannot purchase amounts ofgood 1 exceeding G*. As a result, the consumer will have to purchase more of the othergood instead. The highest utility level the consumer can achieve with rationing is U1 at point B.This is not a point of tangency, and the consumer’s utility is lower than at point A, so theconsumer is worse off as a result of rationing.Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall.Chapter 3Consumer Behavior35b. Suppose that the price of one of the products is fixed at a level below the current price. As aresult, the consumer is not able to purchase as much as she would like. Can you tell if theconsumer is better off or worse off?No, the consumer could be better off or worse off. When the price of one good is fixed at alevel below the current (equilibrium) price, there will be a shortage of that good, and the goodwill be effectively rationed. In the diagram below, the price of good 1 has been reduced, and theconsumer’s budget line has rotated out to the right. The consumer would like to purchase bundle B, but the amount of good 1 is restricted because of a shortage. If the most the consumer can purchase is G*, she will be exactly as well off as before, because she will be able to purchase bundle C on her original indifference curve. If there is more than G* of good 1 available, the consumer will bebetter off, and if there is less than G*, the consumer will be worse off.11. Describe the equal marginal principle. Explain why this principle may not hold if increasingmarginal utility is associated with the consumption of one or both goods.The equal marginal principle states that to obtain maximum satisfaction the ratio of the marginal utility to price must be equal across all goods. In other words, utility maximization is achieved when the budget is allocated so that the marginal utility per dollar of expenditure (MU/P) is the same for each good. If the MU/P ratios are not equal, allocating more dollars to the good with the higher MU/P will increase utility. As more dollars are allocated to this good its marginal utility will decrease,which causes its MU/P to fall and ultimately equal that of the other goods.If marginal utility is increasing, however, allocating more dollars to the good with the larger MU/P causes MU to increase, and that good’s MU/P just keeps getting larger and larger. In this case, the36Pindyck/Rubinfeld, Microeconomics,Eighth Editionconsumer should spend all her income on this good, resulting in a corner solution. With a corner solution, the equal marginal principle does not hold.12. The price of computers has fallen substantially over the past two decades. Use this drop in priceto explain why the Consumer Price Index is likely to overstate substantially the cost-of-living index for individuals who use computers intensively.The Consumer Price Index measures the cost of a basket of goods purchased by a typical consumer in the current year relative to the cost of the basket in the base year. Each good in the basket is assigneda weight, which reflects the importance of the good to the typical consumer, and the weights arekept fixed from year to year. One problem with fixing the weights is that consumers will shift their purchases from year to year to give more weight to goods whose prices have fallen, and less weight to goods whose prices have risen. The CPI will therefore give too much weight to goods whoseprices have risen, and too little weight to goods whose prices have fallen. In addition, for non-typical individuals who use computers intensively, the fixed weight for computers in the basket will understate the importance of this good, and will hence understate the effect of the fall in the price of computers for these individuals. The CPI will overstate the rise in the cost of living for this type of individual.13. Explain why the Paasche index will generally understate the ideal cost-of-living index.The Paasche index measures the current cost of the current bundle of goods relative to the base year cost of the current bundle of goods. The Paasche index will understate the ideal cost-of-living index because it assumes the individual buys the current year bundle in the base period. In reality, at base year prices the consumer would have been able to attain the same level of utility at a lower cost by altering his or her consumption bundle in light of the base year prices. Since the base year cost is overstated, the denominator of the Paasche index will be too large and the index will be too low, or understated.Exercises1. In this chapter, consumer preferences for various commodities did not change during theanalysis. In some situations, however, preferences do change as consumption occurs.Discuss why and how preferences might change over time with consumption of these twocommodities:a. CigarettesThe assumption that preferences do not change is a reasonable one if choices are independentacross time. It does not hold, however, when “habit-forming” or addictive behavior is involved,as in the case of cigarettes. The consumpt ion of cigarettes in one period influences the consumer’spreference for cigarettes in the next period: the consumer desires cigarettes more because he hasbecome more addicted to them.b. Dinner for the first time at a restaurant with a special cuisineThe first time you eat at a restaurant with a special cuisine can be an exciting new diningexperience. This may make eating at the restaurant more desirable. But once you’ve eaten there,it isn’t so exciting to do it again (“been there, done that”), and pre ference changes. On the otherhand, some people prefer to eat at familiar places where they don’t have to worry about new and unknown cuisine. For them, the first time at the restaurant would be less pleasant, but once they’veeaten there and discovered they like the food, they would find further visits to the restaurant more desirable. In both cases, preferences change as consumption occurs.Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall.Chapter 3Consumer Behavior37 2. Draw indifference curves that represent the following individuals’ preferences for hamburgersand soft drinks. I ndicate the direction in which the individuals’ satisfaction (or utility) isincreasing.a. Joe has convex preferences and dislikes both hamburgers and soft drinks.Since Joe dislikes both goods, he prefers less to more, and his satisfaction is increasing in thedirection of the origin. Convexity of preferences implies his indifference curves will have thenormal shape in that they are bowed towards the direction of increasing satisfaction. Convexity also implies that given any two bundles between which the Joe is indifferent, any linear combination of the two bundles will be in the preferred set, or will leave him at least as well off. This is true of the indifference curves shown in the diagram below.b. Jane loves hamburgers and dislikes soft drinks. If she is served a soft drink, she will pour itdown the drain rather than drink it.Since Jane can freely dispose of the soft drink if it is given to her, she considers it to be a neutral good. This means she does not care about soft drinks one way or the other. With hamburgers on the vertical axis, her indifference curves are horizontal lines. Her satisfaction increases in theupward direction.c. Bob loves hamburgers and dislikes soft drinks. If he is served a soft drink, he will drink it tobe polite.Since Bob will drink the soft drink in order to be polite, it can be thought of as a “bad.” Whenserved another soft drink, he will require more hamburgers at the same time in order to keep his satisfaction constant. More soft drinks without more hamburgers will worsen his utility. Morehamburgers and fewer soft drinks will increase his utility, so his satisfaction increases as wemove upward and to the left.38 Pindyck/Rubinfeld, Microeconomics, Eighth EditionCopyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall.d. Molly loves hamburgers and soft drinks, but insists on consuming exactly one soft drink forevery two hamburgers that she eats.Molly wants to consume the two goods in a fixed proportion so her indifference curves areL-shaped. For a fixed amount of one good, she gets no extra satisfaction from having more of theother good. She will only increase her satisfaction if she has more of both goods.e. Bill likes hamburgers, but neither likes nor dislikes soft drinks.Like Jane, Bill considers soft drinks to be a neutral good. Since he does not care about soft drinks one way or the other we can assume that no matter how many he has, his utility will be the same. His level of satisfaction depends entirely on how many hamburgers he has, so his satisfactionincreases in the upward direction only.f. Mary always gets twice as much satisfaction from an extra hamburger as she does from anextra soft drink.How much extra satisfaction Mary gains from an extra hamburger or soft drink tells us something about the marginal utilities of the two goods and about her MRS . If she always receives twice the satisfaction from an extra hamburger then her marginal utility from consuming an extra hamburger is twice her marginal utility from consuming an extra soft drink. Her MRS , with hamburgers onthe vertical axis, is 1/2 because she will give up one hamburger only if she receives two softdrinks. Her indifference curves are straight lines with a slope of 1/2.Chapter 3 Consumer Behavior 393. If Jane is currently willing to trade 4 movie tickets for 1 basketball ticket, then she must likebasketball better than movies. True or false? Explain.This statement is not necessarily true. If she is always willing to trade 4 movie tickets for 1 basketball ticket then yes, she likes basketball better because she will always gain the same satisfaction from 4 movie tickets as she does from 1 basketball ticket. However, it could be that she has convex preferences (diminishing MRS ) and is at a bundle where she has a lot of movie tickets relative to basketball tickets. As she gives up movie tickets and acquires more basketball tickets, her MRS will fall. If MRS falls far enough she might get to the point where she would require, say, two basketball tickets to give up another movie ticket. It would not mean though that she liked basketball better, just that she had a lot of basketball tickets relative to movie tickets. Her willingness to give up a good depends on the quantity of each good in her current basket.4. Janelle and Brian each plan to spend $20,000 on the styling and gas mileage features of a new car.They can each choose all styling, all gas mileage, or some combination of the two. Janelle does not care at all about styling and wants the best gas mileage possible. Brian likes both equally and wants to spend an equal amount on each. Using indifference curves and budget lines, illustrate the choice that each person will make.Plot thousands of dollars spent on styling on the vertical axis and thousands spent on gas mileage on the horizontal axis as shown above. Janelle, on the left, has indifference curves that are vertical. If the styling is there she will take it, but she otherwise does not care about it. As her indifference curves move over to the right, she gains more gas mileage and more satisfaction. She will spend all $20,000 on gas mileage at point J . Brian, on the right, has indifference curves that are L-shaped. He will not spend more on one feature than on the other feature. He will spend $10,000 on styling and $10,000 on gas mileage. His optimal bundle is at point B .5. Suppose that Bridget and Erin spend their incomes on two goods, food (F ) and clothing (C ).Bridget’s preferences are repres ented by the utility function (,)10U F C FC =, while Erin’spreferences are represented by the utility function 22(,)0.20U F C F C =.40 Pindyck/Rubinfeld, Microeconomics, Eighth EditionCopyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall. a. With food on the horizontal axis and clothing on the vertical axis, identify on a graph the setof points that give Bridget the same level of utility as the bundle (10,5). Do the same forErin on a separate graph.The bundle (10,5) contains 10 units of food and 5 of clothing. Bridget receives a utility of10(10)(5) = 500 from this bundle. Thus, her indifference curve is represented by the equation10FC = 500 or C = 50/F . Some bundles on this indifference curve are (5,10), (10,5), (25,2),and (2,25). It is plotted in the diagram below. Erin receives a utility of 0.2(102)(52) = 500 fromthe bundle (10,5). Her indifference curve is represented by the equation 0.2F 2C 2 = 500, or C =50/F . This is the same indifference curve as Bridget. Both indifference curves have the normal,convex shape.b. On the same two graphs, identify the set of bundles that give Bridget and Erin the samelevel of utility as the bundle (15,8).For each person, plug F = 15 and C = 8 into their respective utility functions. For Bridget, thisgives her a utility of 1200, so her indifference curve is given by the equation 10FC = 1200, orC = 120/F . Some bundles on this indifference curve are (12,10), (10,12), (3,40), and (40,3). Theindifference curve will lie above and to the right of the curve diagrammed in part a. This bundlegives Erin a utility of 2880, so her indifference curve is given by the equation 0.2F 2C 2 = 2880, orC = 120/F . This is the same indifference curve as Bridget.c. Do you think Bridget and Erin have the same preferences or different preferences? Explain.They have the same preferences because their indifference curves are identical. This means theywill rank all bundles in the same order. Note that it is not necessary that they receive the samelevel of utility for each bundle to have the same set of preferences. All that is necessary is thatthey rank the bundles in the same order.6. Suppose that Jones and Smith have each decided to allocate $1000 per year to an entertainmentbudget in the form of hockey games or rock concerts. They both like hockey games and rock concerts and will choose to consume positive quantities of both goods. However, they differ substantially in their preferences for these two forms of entertainment. Jones prefers hockey games to rock concerts, while Smith prefers rock concerts to hockey games.a. Draw a set of indifference curves for Jones and a second set for Smith.Given they each like both goods and they will each choose to consume positive quantities of both goods, we can assume their indifference curves have the normal convex shape. However sinceJones has an overall preference for hockey and Smith has an overall preference for rock concerts, their two sets of indifference curves will have different slopes. Suppose that we place rock concerts on the vertical axis and hockey games on the horizontal axis, Jones will have a larger MRS thanSmith. Jones is willing to give up more rock concerts in exchange for a hockey game since heprefers hockey games. Thus, indifference curves for Jones will be steeper than the indifferencecurves for Smith.b. Using the concept of marginal rate of substitution, explain why the two sets of curves aredifferent from each other.At any combination of hockey games and rock concerts, Jones is willing to give up more rock concerts for an additional hockey game, whereas Smith is willing to give up fewer rock concerts for an additional hockey game. Since the MRS is a measure of how many of one good (rock concerts) an individual is willing to give up for an additional unit of the other good (hockey games), the MRS , and hence the slope of the indifference curves, will be different for the two individuals.7. The price of DVDs (D ) is $20 and the price of CDs (C ) is $10. Philip has a budget of $100 to spend on the two goods. Suppose that he has already bought one DVD and one CD. In addition there are 3 more DVDs and 5 more CDs that he would really like to buy.a. Given the above prices and income, draw his budget line on a graph with CDs on the horizontal axis.His budget line is +=D C P D P C I , or 20D + 10C = 100. If he spends his entire income on DVDs he can afford to buy 5. If he spends his entire income on CDs he can afford to buy 10. His budget line is linear with these two points as intercepts.b. Considering what he has already purchased and what he still wants to purchase, identify the three different bundles of CDs and DVDs that he could choose. For this part of the question, assume that he cannot purchase fractional units.He has already purchased one of each for a total of $30, so he has $70 left. Since he wants 3 more DVDs, he can buy these for $60 and spend his remaining $10 on 1 CD. This is the first bundle below. He could also choose to buy only 2 DVDs for $40 and spend the remaining $30 on 3 CDs. This is the second bundle. Finally, he could purchase 1 more DVD for $20 and spend the remaining $50 on the 5 CDs he would like. This is the final bundle shown in the table below.Purchased Quantities Total Quantities DVDsCDs DVDs CDs 31 42 23 34 15 2 68. Anne has a job that requires her to travel three out of every four weeks. She has an annual travel budget and can travel either by train or by plane. The airline on which she typically flies has a frequent-traveler program that reduces the cost of her tickets according to the number of miles she has flown in a given year. When she reaches 25,000 miles, the airline will reduce the price of her tickets by 25% for the remainder of the year. When she reaches 50,000 miles, the airline will reduce the price by 50% for the remainder of the year. Graph Anne’s budget line, with train miles on the vertical axis and plane miles on the horizontal axis.The typical budget line is linear (with a constant slope) because prices do not change. In this case, the price of airline miles changes depending on how many miles Anne purchases. As the price changes, the slope of the budget line changes. Because there are three prices, there will be three slopes (and two kinks) to the budget line. Since the price falls as Anne flies more miles, her budget line will become flatter with each price change.。
《buffett》读后感英文
《buffett》读后感英文Warren Buffett: A Master's Lessons in Investment and Life.Warren Buffett, the renowned "Oracle of Omaha," is widely considered one of the greatest investors of all time. His astute financial insights, value investing approach,and philanthropic endeavors have earned him both immense wealth and widespread admiration. His book, "Buffett," co-authored with Alice Schroeder, provides a comprehensive account of his life, investment philosophy, and business acumen.Investment Philosophy: A Focus on Value and Patience.Buffett's investment strategy is rooted in theprinciple of value investing. He seeks out companies with intrinsic value that is significantly below their market price, offering the potential for substantial returns. He believes in buying stocks with a "margin of safety,"ensuring that he is not overpaying and mitigating potential losses.Buffett emphasizes the importance of patience in investing. He often holds stocks for extended periods, allowing compound interest to work its magic. He avoids chasing short-term gains and instead adopts a long-term horizon, recognizing that the market may fluctuate in the short term but ultimately trends upward over time.Business Acumen: A Commitment to Integrity and Innovation.Buffett's success as an investor is not merely the result of his financial acumen but also his exceptional business skills. He acquired Berkshire Hathaway in 1965 and transformed it from a struggling textile company into a conglomerate with diverse holdings in industries such as insurance, energy, and consumer goods.Throughout his career, Buffett has consistently demonstrated a keen understanding of business fundamentals.He seeks out companies with strong competitive advantages, ethical management teams, and sustainable cash flows. He emphasizes the importance of treating employees fairly and building a culture of integrity within his organizations.Philanthropy: Giving Back to Society.Buffett's wealth has not been confined to personal enjoyment. He has pledged to give away the vast majority of his fortune to charitable organizations, particularly those focused on global health, education, and nuclear non-proliferation.His philanthropic endeavors reflect his deep-seated belief in the power of giving back to society. He sees it as a moral responsibility to use his wealth to make a positive impact on the world and to ensure that future generations have the opportunity to live fulfilling lives.Lessons for Investors and Life."Buffett" offers invaluable lessons not only forinvestors but for individuals in all walks of life. His investment philosophy teaches the virtues of patience, discipline, and value creation. His business acumen demonstrates the importance of integrity, innovation, and ethical leadership. And his philanthropy exemplifies the power of compassion and the responsibility to use one's resources for the betterment of society.For investors, Buffett's book provides a roadmap to building wealth through sound investment principles and a long-term perspective. It emphasizes the importance of avoiding speculative behavior, investing in companies with a competitive edge, and maintaining a healthy cash reserve for unforeseen circumstances.Beyond investing, Buffett's life serves as an inspiration for all who seek success and personal fulfillment. His unwavering determination, humble demeanor, and commitment to ethical principles demonstrate that true success is not measured solely by material wealth but by the positive impact one leaves on the world.Conclusion."Buffett" is a testament to the genius of one of the most influential investors and business leaders of our time. It offers a wealth of insights into his investment philosophy, business acumen, and philanthropic endeavors.By embracing the lessons outlined in this book, individuals can not only cultivate financial prosperity but also live a life of purpose and meaning.。
天价代言英语作文
天价代言英语作文In the realm of marketing, the concept of celebrity endorsements has become a pivotal strategy for brands to elevate their visibility and credibility. Companies often pay a hefty price for the privilege of having a famous face associated with their products or services. This essay will explore the implications of such high-priced endorsements on the English language, as well as the broader advertising landscape.Firstly, the use of English in celebrity endorsements is a testament to the language's global reach. English has become the lingua franca for international business and marketing, making it an essential tool for celebrities to connect with a diverse audience. The choice of words and the construction of sentences in these endorsements often reflect a sophisticated level of language use, which can influence English-speaking consumers and non-native speakers alike.Secondly, the financial aspect of celebrity endorsements cannot be overlooked. The "celebrity tax," as it were, is a significant investment for companies. This investment isoften justified by the potential return in terms of brand recognition and sales. However, it raises questions about the value of language in advertising. Is the celebrity's use of English more persuasive than a well-crafted message by a professional copywriter? The answer is not always clear, but the trend suggests that the star power often takes precedence.Moreover, the impact of celebrity endorsements on language is twofold. On one hand, it can elevate the status of English as a global language, as more people are exposed to the language through advertisements featuring their favorite stars. On the other hand, it can also lead to the commercialization of language, where the English used is tailored to appeal to the masses rather than to educate or inform.Lastly, the ethical considerations of celebrity endorsements are worth discussing. When a celebrity endorses a product, they lend their reputation to that brand. If the productfails to live up to its promises, it can damage thecelebrity's credibility and the public's trust in the English language used in such endorsements. Therefore, it is crucial for celebrities to choose their endorsements wisely and for companies to maintain transparency in their advertising campaigns.In conclusion, celebrity endorsements in advertising are a complex interplay of language, culture, and economics. While they can bring significant benefits to a brand, they also carry the responsibility of maintaining the integrity of the English language and the trust of the consumers. As the world becomes increasingly globalized, the role of English in advertising and the price of celebrity endorsements will continue to be a topic of interest and debate.。
如何高效吃自助餐英语作文
如何高效吃自助餐英语作文Introduction:Buffets offer a wide variety of foods, allowing diners to sample many different dishes in one sitting. However, to truly enjoy a buffet, it's important to approach it with a strategy. Here's how you can eat efficiently and savor the experience.1. Do Your Research:- Before you go, find out what the buffet offers. Knowing the menu in advance can help you plan your meal andprioritize the dishes you're most excited to try.2. Arrive Hungry but Not Starving:- Arriving with a rumbling stomach can lead to overeating or filling up too quickly with the wrong foods. Have a light snack before to curb extreme hunger but keep your appetite sharp.3. Start with a Salad or Soup:- Begin your meal with a light salad or a bowl of soup to ease into the dining experience. This can help control your appetite and prevent you from overeating later on.4. Survey the Buffet:- Before you start piling your plate, walk around the entire buffet to get a sense of what's available. This will help you make informed decisions about what to eat and howmuch to take.5. Use Small Plates:- Smaller plates encourage portion control and allow you to sample a wider variety of dishes without overloading your plate.6. Prioritize Quality over Quantity:- Focus on the items that are most appealing or unique to the buffet. It's better to enjoy a few high-quality dishes than to overload on less satisfying ones.7. Pace Yourself:- Take your time to savor each dish. Eating slowly not only enhances your enjoyment but also gives your body time to register fullness.8. Hydrate Wisely:- While it's important to stay hydrated, drinking too much liquid can fill you up quickly. Opt for water or unsweetened beverages and sip between courses.9. Save Room for Dessert:- If you have a sweet tooth, ensure you save some spacefor dessert. A small portion of a decadent dessert can be a satisfying end to your meal.10. Take Breaks:- After your first round of dishes, take a break to digest before going back for seconds. This can help you enjoy more food without feeling uncomfortable.Conclusion:Eating at a buffet can be a delightful experience when approached with a plan. By following these tips, you can enjoy a variety of flavors without overindulging, ensuring a satisfying and enjoyable dining experience.。
奥运冠军是否应该获得巨额奖金英语作文
奥运冠军是否应该获得巨额奖金英语作文全文共5篇示例，供读者参考篇1Should Olympic Champions Get Huge Cash Prizes?Did you watch the last Olympics? Wow, it was so cool seeing all the amazing athletes doing their best and winning gold medals for their countries! The gymnasts, swimmers, runners, and everyone else worked so incredibly hard for years and years to get to that level. But after they win the gold, what happens next? Do you think they should get a huge cash prize for being the best in the world?I've been thinking about this a lot lately. On one hand, it does seem fair to give the Olympic champions a big money reward. They sacrifice sooooo much to chase their Olympic dreams. Many of them have to give up normal kid stuff like hanging out with friends, going to sleepovers, and even regular schooling because they have to train basically all day every day. Their families also make huge sacrifices, like maybe one parent has to quit their job to drive the athlete kid around to all their practices.Plus, being an elite athlete is kind of a short career. You can really only compete at that top level for maybe 10-15 years at most. So Olympic champions absolutely deserve to be set for life financially after pouring their blood, sweat, and tears into representing their country on the biggest sports stage of all.On the other hand, I'm not fully convinced they need millions of dollars. Yeah, getting like 100,000 or 500,000 would be amazing and life-changing. But some countries give their Olympic champions wayyyy more than that, like 1 million or more! To a kid like me, that amount of money seems absolutely bonkers. Like, what are they even supposed to do with that much cash?Also, a lot of Olympic athletes are already pretty well-off, with sponsors and endorsement deals bringing in tons of income. The really big name athletes have huge sponsorships with companies like Nike, Gatorade, Visa, you name it. So for those select few super duper famous Olympic stars, I don't know if they necessarily need or even deserve another gigantic cash payout on top of everything else.Another factor is that maybe huge cash prizes could motivate athletes in a bad way. Instead of competing for the love of their sport and for the honor of representing their country,they might start just caring way too much about that financial reward at the end. I've read stories about Olympic athletes being gifted things like apartments, cars, and even getting paid salaries just for medaling. While that's cool to an extent, I also feel like it could make the whole spirit of the Olympic games feel more like it's just about money instead of pure competition and sportsmanship.At the end of the day, I can see legit arguments on both sides of this debate. Part of me wants to shout "Pay them ladies and gents whatever they want! They earned it!" But then another part thinks that obsessing too much over cash prizes misses the entire point of pushing your limits and representing your nation proudly on the Olympic stage.If I had to take a stance, I suppose I would say that Olympic gold medalists should absolutely get a nice chunk of cash, but nothing too ridiculous or obscene. Maybe a standard 500,000 or 1 million for a gold medal across all countries? That's alife-changing amount of money that allows them to be set for life after their athletic career is over. But it's also not so overboard that it feels like money is the sole focus of their Olympic journey.No matter what though, I just feel extremely grateful to be able to witness the magic of the Olympic games. Watching the world's best athletes achieving their lifelong dreams and making their families/countries proud is worth way more than any cash prize in my book. The tears, hugs, and pure euphoria when they realize all their sacrifices finally paid off... That's what the true Olympic spirit is all about!篇2Should Olympic Champions Get Huge Cash Prizes?What's up, dudes and dudettes? It's me again, your pal Jimmy, here to talk about something super cool – the Olympic Games! Can you believe it's almost time for the Olympics again? I'm already getting pumped just thinking about all the amazing athletes competing for the gold medal in all those awesome sports.But you know what else gets me excited? The idea of those winners taking home gigantic cash prizes! I mean, we're talking millions of dollars here. Wouldn't that be so awesome if you were an Olympic champ? You'd be rich!Of course, not everybody thinks handing out huge piles of money to Olympic heroes is a good idea. Some people say it'swrong and goes against what the Olympic spirit is all about. But I totally disagree with that. Here's why I believe those Olympic superstars deserve to become super rich after winning gold:First off, you have to realize just how incredibly hard those athletes have to train to become the best in the world at their sport. We're not just talking about a few hours a week here. No way, dude! Olympic champs have to devote their entire lives to training, practically from the time they're babies. That means countless hours of intense workouts every single day for years and years. Forget about video games, going to the mall, or participating in fun stuff like that. It's all training, all the time when you want to be an Olympic legend.And it's not just the physical part that's so brutal. Can you imagine how much mental toughness and willpower it takes to keep pushing yourself that hard for that long? I get mentally drained just from a tough math test. These athletes have to constantly fight through extreme exhaustion, grueling workouts that probably feel like torture, niggling pains from minor injuries, and more. If I had to go through anything remotely close to what they endure, I'd probably give up after like a week!But Olympic champs never quit. They sacrifice having a normal childhood and teenage years. They miss out on hangingwith friends, going to parties, and doing regular kid stuff. Basically, they have to put their entire lives on hold, often moving away from family, all for the sake of chasing their Olympic dreams. That's true dedication!And you know what else? Even after making those insane sacrifices and doing everything perfectly, most Olympic athletes still never get to experience the glory of becoming a champion. Just being good enough to compete at the Olympic level is an absolutely incredible accomplishment by itself. But at the end of the day, there's only one gold medal winner for each event.So for those few athletes who manage to overcome all those obstacles and make it to the top of their sport, don't they deserve to be rewarded in a really big way? I'd say heck yes! Offering multi-million dollar cash prizes is a wonderful way to honor their superhuman levels of commitment, perseverance, and sacrifice over the course of their careers.Without that kind of massive money incentive, would this generation's top athletes still be willing to put their childhoods and lives on permanent hold to chase Olympic glory? Or would more of them end up being tempted to take an easier path in life instead of enduring such intense hardship and demands? The gigantic cash prizes help motivate today's superstars to givetheir absolute everything to the pursuit of sporting perfection and achieving the Olympic dream.Plus, let's be real - winning an Olympic gold medal should set you up for life financially. You've now spent around 20 years with your entire existence centered around becoming the world's best. Chances are, you don't really have another stable career or back-up plan after achieving your lifelong goal. By promising Olympic champions millions in prize money, they can invest that for long-term financial security. They've certainly earned it!I know, I know. Some people get all worked up saying that the pursuit of wealth goes against the noble values and ideals of the Olympic Games like sportsmanship, global unity, pushing human limits, etc. But come on, does anyone really believe that Olympics aren't already all about making money these days anyway?Think about how many billions of dollars Olympic host cities spend to construct facilities and basically rebuild portions of their cities. Think about how much money Olympic corporate sponsors like Visa, Coca-Cola, and others pour into the Games. Don't forget the billions in revenue from broadcast rights that keep rolling in too. Everybody but the actual athletes are getting stupid rich off the Olympic dream!So in that light, is it really so bad to make sure the people actually doing the physical work that the entire thing is built around get their fair share of the pie? I'd argue the Olympic champions demonstrating篇3Should Olympic Champs Get Huge Cash Prizes?Hey kids! What's the most exciting sports event you can think of? I bet a lot of you said the Olympics, right? The Olympics are just the coolest. Every four years, the best athletes from all over the world gather together to compete in awesome events like gymnastics, swimming, track and field, and so many more.Watching the Olympics is like a real-life superhero movie playing out right before your eyes. The athletes seem to defy the laws of physics with their incredible strength, speed, agility and skill. When they win a gold medal, it's such an inspiring moment of human achievement and perseverance. All those years of difficult training, sacrifice and determination finally paying off in one shining moment of glory on the biggest stage in all of sports.But lately, there's been a big debate about whether Olympic champions should get paid a huge cash prize for winning gold,silver or bronze medals. Some people think getting an Olympic medal should be its own reward and that the "amateur" values of the Olympic spirit would be diminished by paying athletes piles of cash. Other people argue that the Olympic champions have dedicated their entire lives to their sport and deserve to be compensated in the same way that pro athletes in other leagues get paid millions.Personally, I think Olympic medalists definitely deserve huge cash prizes – and here's why:It's Really, Really Hard to Win an Olympic MedalYou guys have no idea just how insanely difficult it is to make it to the Olympics, let alone win a medal once you're there. The level of competition is outrageously intense! Only a tiny fraction of a percent of the billions of people on earth ever get to experience the glory of standing on an Olympic podium.Olympic athletes have to be perfect...like literally perfect at what they do. One little misstep, one slight wobble, one fleeting lapse in concentration can mean the difference between glory and bitter disappointment after a lifetime of training. Just qualifying for the Olympics is an achievement that would be the crowning moment for most athletes. But for Olympic medalists, that's just the first step on the road to immortality.They Sacrifice So Much Just for a Chance at Olympic GloryCan you imagine what kind of superhuman commitment it takes to have any chance at all of becoming an Olympic champion? It's not just a hobby or after-school activity for these athletes – it consumes their entire lives in a way that's almost impossible for us mere mortals to comprehend.Olympic hopefuls start training at very young ages, some as early as toddlers. They spend every waking hour practicing their sport with a level of intensity and focus that would make most of us keel over in exhaustion. Missed birthdays, holidays, time with friends, school events...you name it, they've had to sacrifice it all in their single-minded pursuit of sporting immortality.While kids their age are out playing and having fun, they're hitting the gym before dawn and going through grueling workout after grueling workout. No days off, no cutting corners, no "I don't feel like it today" allowed. If they want that Olympic dream even remotely within reach, their entire childhoods are pretty much over before they've begun. Just the mental toughness required is hard to fathom.Almost No Opportunity to Get Paid as AmateursSince only a tiny, tiny percentage of Olympic athletes will ever earn professional contracts or big sponsorship deals, their brief moment on the Olympic stage pretty much represents their one and only chance in life to cash in on their superhuman talents to any significant degree. After a lifetime of sacrifice with no income, don't they deserve to be set for life financially?For the vast majority of Olympic medalists, there is no lucrative pro career waiting after they've achieved their Olympic dream. No pro league to join, no contracts to negotiate, no sponsors beating down their door to hawk their products. Just...poof!...back to the real world like the rest of us after experiencing a few weeks of global admiration and glory. Is it too much to ask that they be paid something truly life-changing to offset all those years of sacrifice and dedication?Think of the Inspiration It Provides!Paying out huge cash prizes to Olympic champions could provide a powerful motivating force to kids all over the world who may be teetering on the decision of whether or not to chase their sporting dreams. For naturally talented young athletes from underprivileged backgrounds, the promise of an Olympic medal yielding a gigantic paycheck could be just the incentive they need to fully commit themselves.Instead of abandoning their athletic aspirations out of financial necessity, promising young phenoms could look at the path of an Olympic champion as a potential pathway to a better life and a brighter future for their entire family. They'd know that each grueling practice, each drop of sweat expended was an investment that could someday yield an enormous return if they stayed dedicated.It could open up the Olympic dream to a much wider pool of kids who may possess gold medal ability but lack the means or financial backing to take their talents to the highest level. Think of all the potential Olympic heroes the world may have been deprived of over the decades because of a lack of money alone.Those are just a few of the reasons why I believe Olympic champions absolutely deserve huge cash bonuses to go along with the glory and pride of being able to call themselves Olympic medalists for life. In the grand scheme of things, paying out a few million dollars to those supremely gifted few is a very small price tag for the inspiration and greatness they represent.What do you guys think? Let me know if you agree or disagree! I'm sure there are lots of good arguments on both sides of this issue. Either way, I'll be glued to the TV cheering onthese real-life superheroes whenever the next Olympics roll around.篇4Should Olympic Champions Get Huge Cash Prizes?Every four years, the whole world gets really excited about the Olympic Games. Countries send their very best athletes to compete against each other in all kinds of cool sports like swimming, running, gymnastics, and more. The Olympics are a really big deal!The athletes who win gold medals are called Olympic champions. In my opinion, being an Olympic champion is one of the greatest achievements in the whole world. These champions have to train incredibly hard for years and years. They have to make huge sacrifices and fully dedicate themselves to being the very best at their sport. So you could definitely say that Olympic gold medalists deserve to be celebrated as heroes.But lately there has been a big debate about whether Olympic champions should get paid huge cash prizes for winning gold medals. Some people think they absolutely should because Olympic glory is so difficult to attain. Other people disagree and think the Olympic spirit is more about pursuingexcellence through amateur competition rather than chasing financial rewards.Personally, I can see both sides of the argument. On one hand, I believe Olympic champions have earned the right to be rewarded in a big way. Their skills, hard work, and dedication allowed them to accomplish something incredible on the biggest sports stage in the world. Getting a large cash prize could help set them up for life and allow them to keep training for future Olympics without having to worry about money.Also, many Olympic athletes come from poorer countries where a huge cash bonus could literally change their lives and the lives of their families. For athletes like that, a big financial reward is an extra motivation to pursue their Olympic dreams despite facing difficult circumstances and limited resources. If champions get paid well, it could inspire more kids from disadvantaged backgrounds to take up Olympic sports in the hope of one day striking gold.On the other hand, I can understand the viewpoint that introducing large cash incentives could diminish the beauty and nobility of the Olympic ideal. The Olympics are supposed to represent the highest form of amateur sports competition – a celebration of physical excellence pursued for the sake of gloryand national pride rather than individual profit. Maybe giving out massive cash prizes would turn the Olympics into more of a professional, money-driven event and make people focus too much on the financial aspect.Additionally, there is a risk that cash bonuses could create an uneven playing field. Countries with more money and resources could offer bigger and bigger payouts, essentially allowing them to "buy" Olympic talent from poorer nations. Keeping the competition about pure athletic ability rather than financial rewards helps preserve the integrity of the Games as a level playing field.After considering both sides, my personal opinion is that Olympic gold medalists should receive cash bonuses – but the bonuses shouldn't be too enormous. I think a reasonable amount, like maybe 100,000 (which is still a lot for me!), would justly compensate champions for their incredible feats without overshadowing the Olympic spirit of friendly competition and striving for excellence.A six-figure prize would enable Olympic heroes to enjoy the financial freedom to keep training at an elite level if they wish. It would incentivize more people around the world to pursue Olympic dreams without totally distorting the fundamentalOlympic values and turning the Games into an out-of-control money grab.Most important of all, a cash prize in the realm of 100,000 would tangibly honor the greatness of an Olympic champion while still feeling distinctly separate from the gargantuan payouts seen in many professional sports leagues. At that level of compensation, the intrinsic glory of being an Olympic gold medalist would shine far brighter than any cash reward.No matter how much money is involved, nothing can truly repay the years of relentless work and personal sacrifice required to reach the greatest sporting summit on Earth. Even so, Olympic champions have given the world such an incredible gift through their once-in-a-lifetime achievements. Celebrating them with a substantial-yet-sensible financial prize seems like the least we could do to show our awe and appreciation for theirawe-inspiring efforts.篇5Should Olympic Champs Get Huge Cash Prizes?Olympics time is so awesome! I love watching all the amazing athletes do incredible things. The gymnasts twisting through the air, the runners speeding around the track, theswimmers slicing through the water. It's mind-blowing how good they are! And when they win a gold medal, it's the best feeling ever. All their hard work and sacrifice has paid off with that shiny gold medal around their neck. What a proud moment for them and their families!But you know what? I've heard some people say the Olympic champions should also get huge cash prizes, like millions of dollars! At first, I thought that sounded like a brilliant idea. Those athletes trained like crazy for years and years, so why not give them a giant pile of money too? They totally deserve to be rewarded with lots of cold hard cash for being the best in the world, right?However, after thinking about it more, I'm not so sure huge cash prizes are a good idea for Olympic champs. Let me explain my thinking.First off, the Olympic spirit is supposed to be about the pure pursuit of excellence through hard work and dedication, not about greed and making tons of money. The ancient Greek athletes who started the Olympics competed for honor and olive wreaths, not big bucks. Giving out massive cash prizes kind of goes against that noble ideal of the Olympic games. It makes it more about cashing in than pushing human limits.Secondly, many Olympic athletes are already financially set thanks to sponsorship deals, endorsements, and other financial support. Elite athletes in popular sports can make millions from sponsors like Nike even before winning an Olympic medal. So they aren't exactly starving! Giving them another massive cash handout on top of that doesn't seem totally necessary or fair.On the other hand, I know Olympic training is incredibly expensive with all the coaching, travel, equipment, and endless costs. And not every Olympic sport gets lucrative sponsorships either. So for the athletes in those lesser-known sports who had to make big financial sacrifices to chase their Olympic dream, maybe a cash prize would really help them out. It would allow them to get back on their feet after years of focusing only on their training.Another factor is that huge cash prizes could motivate even more young people to go after their Olympic aspirations. Knowing there is a mountain of money waiting if they make it all the way to the top could inspire many talented athletes to train harder and stay dedicated. More money increasing the incentive might lead to more future Olympic superstars emerging, which would be awesome!However, I also worry that oversized cash prizes could attract people just in it for the money, not the true Olympic spirit of striving to be the best. Do we really want athletes just training for the cash and not caring about the honor and glory of becoming a champion? That doesn't seem very noble to me. It。
《buffett》读后感英语作文
《buffett》读后感英语作文Buffett: The Making of an American Capitalist is a biography written by Roger Lowenstein that delves into the life and career of one of the most successful investors of all time, Warren Buffett. Through this book, readers are given a rare glimpse into the mind of a man who has accumulated billions of dollars through shrewd investments and a keen understanding of the stock market.One of the key themes that run throughout the book is Buffett's unwavering commitment to value investing. Buffett built his wealth by following a simple but effective strategy: buying undervalued stocks of good companies and holding onto them for the long term. He famously said, "The stock market is a tool for transferring money from the impatient to the patient." This philosophy has served him well, as he has consistently outperformed the market over the years.Another intriguing aspect of Buffett's life is his frugality and humility despite his immense wealth. Unlike many other billionaires who flaunt their riches through extravagant lifestyles, Buffett prefers a simple and modest way of living. He still lives in the same house he bought in the 1950s, drives his own car, and eats at fast food restaurants. This down-to-earth attitude hasendeared him to many people and set him apart from the typical image of a wealthy magnate.Buffett's philanthropy is also a significant part of his legacy. He has pledged to give away the majority of his wealth to charitable causes, primarily through the Bill and Melinda Gates Foundation. His belief in giving back to society and helping those in need reflects his values and commitment to making the world a better place.Overall, Buffett: The Making of an American Capitalist is an insightful and inspiring read for anyone interested in finance, investing, or business. Through the story of Warren Buffett, readers can learn valuable lessons about perseverance, discipline, and the power of long-term thinking. Buffett's success is a testament to his intelligence, hard work, and integrity, and his story serves as a motivating example for aspiring entrepreneurs and investors alike.。
根据天价食物写作文
根据天价食物写作文英文回答：The concept of "sky-high food" has been a trendingtopic in recent years. From gold-plated desserts to luxury truffle dishes, the world has seen an increase in the availability of extravagant and expensive food items. These high-priced foods often come with a hefty price tag, and some may argue that they are simply not worth the cost. However, for others, the experience of indulging in such opulent delicacies is a once-in-a-lifetime opportunity that is well worth the investment.One example of a sky-high food item is the "Frrrozen Haute Chocolate" dessert, which is offered at the Serendipity 3 restaurant in New York City. Priced at a staggering $25,000, this dessert is made with a blend of 28 cocoas, infused with 5 grams of edible 23-karat gold, and served in a goblet lined with edible gold. Topped with whipped cream, more gold, and a side of La Madeline auTruffle, this dessert is truly a symbol of extravagance and luxury.Another notable example is the "Almas Caviar," which is considered to be the most expensive caviar in the world. Sourced from the eggs of a rare albino sturgeon found in the Caspian Sea, this caviar is valued at around $25,000 per kilogram. Its delicate and buttery flavor, combined with its rarity, has made it a highly sought-after delicacy among the elite.While these sky-high food items may seem excessive to some, they serve as a status symbol for those who canafford them. The experience of consuming such luxurious foods goes beyond the mere act of eating – it is a display of wealth and privilege. For those who are able to indulge in these delicacies, the exorbitant cost is a small price to pay for the opportunity to partake in an exclusive and extraordinary culinary experience.中文回答：“天价食物”这一概念近年来备受关注。
高贵餐厅感想英文作文
高贵餐厅感想英文作文Walking into the high-end restaurant, I was immediately struck by the elegant decor and luxurious ambiance. Thesoft lighting and plush furnishings created a sophisticated and upscale atmosphere that made me feel like I was in for a truly special dining experience.The menu was filled with an impressive array of gourmet dishes, each one more tantalizing than the last. From the perfectly seared steaks to the delicate seafood options, every item on the menu seemed to be a work of culinary art.I couldn't wait to indulge in the exquisite flavors and carefully crafted presentations.As I savored each delectable bite, I couldn't help but be impressed by the impeccable service. The waitstaff was attentive and knowledgeable, guiding me through the menu and offering thoughtful recommendations. Their professionalism and grace added an extra layer of refinement to the already elegant dining experience.One of the highlights of the evening was thesommelier's expert wine pairings. Each glass perfectly complemented the flavors of the dishes, enhancing the overall dining experience. It was clear that every aspect of the meal had been carefully curated to create a harmonious and unforgettable culinary journey.Leaving the restaurant, I felt a sense of satisfaction and contentment that can only come from a truly exceptional dining experience. The high-end restaurant had exceeded my expectations in every way, leaving me with memories of a meal that was not just a dinner, but a truly unforgettable event.。
巴菲特投资英文名言
巴菲特投资英文名言沃伦·巴菲特，全球著名的投资商，生于美国内布拉斯加州的奥马哈市。
从事股票、电子现货、基金行业。
2015年美国当地时间9月29日，《福布斯》发布美国富豪400强榜单显示，凭借620亿美元财富排名美国富豪第二名，这也是沃伦·巴菲特自2001年以来的一贯排名。
下面店铺为大家带来巴菲特投资英文名言，欢迎大家阅读!巴菲特投资英文名言：Do not save what is left after spending, but spend what is left after saving.不要把消费剩下的才储蓄，要先储蓄再消费。
Honesty is very expensive gift. Do not expect it from cheap people.诚实是非常昂贵的礼物。
不要奢求从廉价的人那里得到。
Do not put all eggs in one basket.不要把所有鸡蛋放在一个篮子里。
Never test the depth of the river with both of your feet.永远不要用两只脚测试河的深度。
If you buy things you don’t need, soon you will have to sell things you need.如果你买不需要的东西，很快你就会卖你需要的东西。
Never depend on single income. Make investment to create a second source.不能依靠单一的收入，应投资创建第二个资源。
He rates businesses on their ability to raise prices and sometimes doesn’t even consider the people in charge.判断一家公司的优劣，我只看它是否有定价权，CEO姓甚名谁有时候根本不在我考虑范围内。
2021年2月高考英语考前冲破 阅读明白得能力 社会生活 史上最贵情人节晚餐6.1万欧元
史上最贵情人节晚餐6.1万欧元英国奢侈品零售网站VeryFirstTo对外发布了史上最昂贵的情人节晚餐，由英国米其林星级饭馆颠勺儿的厨师Adam Simmonds亲自上门为情侣们烹饪，八道菜品的价钱需要6.1万欧元，即99478.80美元。
Going out for dinner on Valentine's Day can cost you more than you are ready to part with, as the menu is sure to be overpriced. But now, staying home for a romantic dinne r can cost you much more, especially if the coo k is a Michelin-starred chef.VeryFirstTo, a British retail luxury site is offering the services of top chefs, who will cook a no expense-spared romantic dinner.The cost o f the dinner is said to be $99,300.The site has teamed up with chef Adam Simmonds and GreatBritishChefs to prepare this feat.The dinner will include Almus white caviar（鱼子酱）, spring white truffle（松露）, and gold leaf and silver leaf to name a few. The dinner will be accompa nied by an expens ive selection of wine which included a $27,720.20 bottle of La Romanee-Conti, Dom aine de la Romanee-Conti, according to reports. The meal will end with va nilla and smoked chocolate with kopi luwak ice cream."Each dish has been created with romance in mind and to allow the spectacular ingredients to work their magic, in both creating del icious food and the perfect mood for romance," Simmonds said, according to Mail Online.Marcel Knobil, founder of VeryFirstTo, added: "he menu awakes all the senses and the luxury element further intensifies the pleasure of this meal."VeryFirstTo will also be enhancing the experience by covering the table in rose petals; releasing a dozen white doves, lighting 50 rose scented candles, and entertaining the couple with a harpist and a romantic poet."The menu can be altered to fit the needs of the consumer, Knobil told CBS News, and added that they have a strong customer base."There are significant segments of consumers throughout many territories of the world who hav e a great amount of disposable income, and more and more are not as willing to buy luxury off t he shelf," he said. "They would much rather have something that's bespoke（预定的）."。
富豪谷底求翻身第一季第一集的有用词汇
富豪谷底求翻身第一季第一集的有用词汇COVER THE BASICS FIRST先支应基本需求RECOGNIZE YOUR STRENGTHS AND WEAKNESS认清你的强项和弱点FIND YOUR BUYER FIRST先找到买家DIVERSIFY YOUR EFFORT能力多样化BUY LOW，SELL HIGH高卖低买TAP INTO THE HERD MENTANLITY善用群众心理IDENTIFY A NEED AND FILL分析需求，加以满足HUMAN CAPITAL人力资本INSTILL CONFIDENCE灌输信心SURROUND YOURSELF WITH EXPERTS找到各界的专家CREATE SPACE FOR TALENT为人才在团队中创造位置LESS IS MORE化繁为简“NO” IS JUST THE START OF THE CONVERSATION 拒绝只是对话的起头LOSE THE BATTLE TO WIN THE WAR输掉一场战役，赢下整场战争CHECK THE PLANE BEFORE YOU FLY IT行动前先做检查IF THINGS GO WRONG，DON‘T GO WITH THEM 场面难看的时候，不要随之起舞ENDURE MORE PAIN THAN ANYONE ELSE比别人忍受更多痛苦DON‘T CONFUSE EFFORT WITH RESULTS别把努力和结果混为一谈HAND-UPS NOT HANDOUTS 人们值得被褒扬，不是被贬低。
英语作文 跳蚤市场
A flea market,also known as a bazaar or a swap meet,is a place where secondhand goods are sold.These markets are typically characterized by a variety of stalls or tables where vendors sell a wide range of items,from vintage clothing and antiques to collectibles and handmade crafts.At a flea market,you can find a treasure trove of unique and interesting items.Whether youre looking for a oneofakind piece of jewelry,a rare book,or a vintage record,youre likely to find it at a flea market.The vendors at these markets often have a keen eye for interesting and valuable items,and they can offer you a chance to purchase something truly special.One of the best things about flea markets is the opportunity to bargain.Unlike in a traditional retail store,where prices are fixed,at a flea market,you can often negotiate with the vendor to get a better deal.This can make the shopping experience more interactive and enjoyable,as you try to find the best price for the items youre interested in.Flea markets are also a great place to find deals on items that you might not be able to afford otherwise.For example,you might find a highquality piece of furniture or a designer handbag at a fraction of the original price.This can make flea markets an attractive option for budgetconscious shoppers.In addition to the shopping opportunities,flea markets can also be a fun and social experience.They often have a lively atmosphere,with people browsing and chatting as they search for bargains.Some flea markets even have food vendors and entertainment, making them a destination for a fun day out.When you visit a flea market,its important to be prepared.Bring a bag or cart to carry your purchases,and be ready to spend some time browsing and negotiating.Its also a good idea to bring cash,as not all vendors may accept credit cards.In conclusion,flea markets offer a unique and enjoyable shopping experience.With their wide variety of items,opportunity for bargaining,and potential for finding great deals, they are a mustvisit for anyone looking for something special and unique.。
巴菲特经典语录英文
巴菲特经典语录英文被誉为股神的沃伦·巴菲特Warren Buffett，美国投资家、企业家、慈善家，从事股票、电子现货、基金行业。
看看股神的经典语录。
“Charlie and I decided long ago that in an investment lifetime it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart - and not too smart at that - only a very few times. Indeed, we'll now settle for one good idea a year.” “The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.”――Warren Buffett, Financial Review, 1985“I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to trouble, and so on. On one point, however, I am clear. I will not abandon a previous approach whose logic I understand although I find it difficult to apply even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital.”――Warren Buffett in a letter to his partners in the stock market frenzy of 1969.“We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the marketlike children.” “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.”――July 1999 at Herb Allen's Sun Valley, Idaho Retreat“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”――Warren Buffett lecturing to a group of students at Columbia U“There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.”――Warren Buffett in a Morn ing star Interview“If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.”――1997 Berkshire Hathaway Annual Meeting“It is our job to help our clients be fearful when others are greedy, and look at opportunities when others are fearful.” “If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety...”――1997 Berkshire Hathaway Annual Meeting“You pay a high price for a cheery consensus.” “I f you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety...”――1997 Berkshire Hathaway Annual Meeting巴菲特经典语录中英文“What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know. An investor needsto do very few things right as long as he or she avoids big mistakes.”就投资而言，人们应该注意的，不是他到底知道多少，而是应该注意自己到底有多少是不知道的，投资人不需要花太多时间去做对的事，只要他能够尽量避免去犯重大的错误。
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The Highest Yielding Buffett & Soros Stocks
By James Altucher
I like to invest in stocks that are both owned by great investors and that pay great dividends. When you buy a stock that's owned by a great investor you can have a high degree of confidence that he or she did a lot of research before entering the position. Chances are that their research and knowledge is superior to your own.
Dividends are well worth seeking out because you get paid while you wait for your stock to appreciate. And companies usually only initiate or increase dividends if they are very confident that cash flows will continue to increase or at least stabilize. No company wants to cut their dividends. Buybacks and special dividends are shareholder friendly but are usually just one-time events.
At Stockpickr, I keep track of the highest yielding stocks owned by both Warren Buffett and George Soros. To see the full list, see the links to the right. Buffett and Soros are quite possibly the two greatest investors ever. To then follow them into the highest yielding stocks they own, one can put together a solid and diversified high-yielding portfolio.
At the top of Buffett's list is US Bancorp, (USB), which generates a generous 4.6% yield. The stock has a price to earnings ratio of 13 and a P/E to earnings growth ratio of 1.5. USB is also my favorite bank for a slowing economy. In a slowing economy, a typical bank has two significant challenges:
* The difference between the yields a bank makes from its investments as opposed to the money it gives to its customers in interest, starts to narrow. This affects a bank's profit margins.
* Borrowers are more likely to default on loans.
USB is exposed to the first issue but seems to be one of the few banks that do not have the second one. In fact, despite the subprime implosion over the past six months, credit quality has actually increased at USB due to the conservative bias of its credit lending.
SunTrust Banks Inc. (STI) is another high-yield Buffett pick. The stock offers a yield of 3.4%, raising its dividend this year to 73 cents per share, up from 61 cents. The P/E is 15.5 and the PEG is 1.9.
SunTrust has also been featured in our High Insider Purchases portfolio (se the link to the right) because the CEO bought several million dollars worth of stock and the company announced that it would start buying back stock using proceeds from its sale of Coca-Cola shares.
PetroChina Co. Ltd. (PTR), a China-based oil and natural gas company, is another high-yield Buffett play. The dividend, paid twice a year, yields 2.6%. The P/E is 12.5 and the PEG is a low 0.81. PetroChina also represents a great way to play the growth in China.
George Soros takes a very macro view of investing, looking for broad, international demographic trends, and investing in the best spots to take advantage of those trends. Following Soros's picks allows one to inject commodity as well as international exposure into a diversified portfolio.
Soros's highest yielding stock is Weyerhaeuser Co. (WY), the timber, lumber, wood products, and paper company. It is generating a yield of 3%. It has a P/E of 11 and a PEG of 6.4. Not only do you get yield, but it's a great inflation hedge and bet on the rising prices of timber and wood products.
Cemex (CX), the Mexico-based cement company, is another Soros holding. Though it pays a dividend just once a year, it has consistently paid the dividend every May for the last eight years, and has raised it each year since 2004. The yield is 1.9%, the P/E is 36, and the PEG is 4.6
Brazil-based mining company, Rio Tinto (Companhia Vale do Rio Doce) (RIO), is another Soros stock. It offers a 1.5% yield and has paid dividends at least twice a year since 2002. It carries a P/E of 15.5 though it has a high PEG of 17.8.
James Altucher is founder and CEO of , author of the book "Trade Like Warren Buffett" and partner at Formula Capital.。