【英语】巴菲特英语介绍
巴菲特英文介绍——可做英文名人介绍作业用
The makings of the world’s greatest investorWarren Edward Buffett was conceived approximately one month after the Wall Street crash in 1929, to be born in Omaha, Nebraska in the United States on 30 August, 1930. His early childhood was deeply affected by the crash and the great depression that follo wed. Buffett’s father, Howard, was a securities broker in Omaha, but he lost his job and his savings when the bank he worked for went bankrupt in 1931 –shortly before Warren’s first birthday. Howard responded by establishing his own stockbroking firm, but it was a tough way to earn a living in the early thirties. For a long while, as investors shunned the market, Buffett’s business was little more than a sign on a door. Buffett’s mother, Leila Stahl, had been brought up in West Point, Nebraska, with a family that owned and operated a local newspaper: the Cuming County Democrat. She moved to Omaha with Howard after they married in 1925.Buffett’s tough early years probably helped to forge his parsimonious nature and his desire to make certain that he would never have to struggle for money. Combined with his early exposure to the stockmarket and investing, through his father’s work, Buffett was light years ahead of most children at money management by the time he began school at the age of six.Around this time, Buffett is said to have embarked on the first ofmany money making schemes, buying six-packs of Coca-Colafor 25 cents and then selling the individual bottles for 5 centseach. According to his mother, during a severe illness at ageseven, Buffett lay in a hospital bed calculating his future richeson a sheet of paper, exclaiming to a nurse ‘I don’t have muchmoney now, but someday I will and I’ll have my picture in the paper’.Howard Buffett was a man of high principles and this led him into politics. Politics, in turn, led to the family being relocated to Washington DC in 1942, when Buffett was twelve, after his father won a seat in congress. Warren was very unhappy about being away from Omaha, but his time in the capital was significant in terms of his fledgling business career. A paper round began a very profitable lifelong association with The Washington Post. When his paper round was at its peak, Buffett was making US$40 a week from it. To this could be added US$20 a week earnings from his share of a partnership with his friend Don Danly, owning, operating and servicing pinball machines in barbershops. He filed a tax return in respect of his earnings and refused to let his father pay the taxes.In 1947, the seventeen-year-old Buffett went, somewhat reluctantly, to the Wharton School of Finance and Commerce at the University of Pennsylvania. He didn’t feel that he was learning very much from his university studies, however, and in 1949 he returned to Omaha, after his father lost an election, and he transferred to the University of Nebraska. In Omaha, he was rushing through his studies and at the same time adding to his funds with various jobs on the side, including one where he managed 50 paper boys for the Lincoln Journal.For all his business acumen and earning power, though, Buffett was still unsure about what to do with the money. Buffett’s stockmarket epiphany came in 1949 when he first read Benjamin Graham’s legendary book on investing, The Intelligent Investor, which had been published that year. This encouraged him to enrol at the University of Columbia to study under Graham.What Buffett learnt from Graham laid the foundations for his investing career, by ramming home the crucial distinction between price and value. After scoring the only A+ that Graham had awarded in 22 years of teaching, Buffett had hoped to be employed by Graham’s investment firm, Graham Newman, but he was rejected because the firm only employed Jews (since they were shunned by the traditional Wall Street investment houses). Buffett even offered his services for free, for the honour of working with the Master, but his approach was rebuffed.So Buffett returned to Omaha, where he took employment with his father’s firm of Buffett Falk. Asked whether the firm would be renamed Buffett & Son, he is said to have retorted: ‘No, Buffett & Father.’ At this time, Buffett courted Susan Thompson, whose parents were family friends, and the two were married in 1952. They raised three children, Howard, Susan and Peter.In 1954, Ben Graham relented and Buffett completed his education by working for two years, for US$12,000 a year, at Graham’s firm in New York, until Graham retired in 1956. The firm was wound up because, as one investor said at the tim e, ‘Graham Newman can’t continue because the only guy they have to run it is this kid named Warren Buffett. And who’d want to ride with him?’It turned out that plenty of people did want to ride with Buffett. When he returned to Omaha, his own investing partnership began with friends andfamily, but several notable clients of Graham Newman were directed his way, and word of mouth spread. Soon Buffett was managing many millions of dollars. His rule was that his partners were not to know anything about how their money was invested, but they would be given a simple annual statement of returns. In addition to this, and so that he wouldn’t be at the whim of fickle investors, he would allow partners to withdraw or add money on only one day each year.The results of the Buffett Partnership were spectacular. Over the 14 years from 1957 to 1970, he never lost money and always beat the stockmarket index, compounding his investments at an average of 28% and multiplying each original dollar 32 times (for more detail, see here). A notable investment success was American Express, whose stock price was hammered by a fraud in New Jersey but whose business franchise and intrinsic value, Buffett famously surmised by watching the tills at his favourite steakhouse, was largely undamaged.But by the end of the sixties, the markets were flying upwards to ever greater heights and Buffett was finding it increasingly hard to find suitable investment opportunities. In the end, he decided to liquidate the partnership in 1970 and, instead, he focused his investments on a small Massachusetts textile company named Berkshire Hathaway.Buffett had first invested in Berkshire in 1962 when its stock price was justUS$8, compared with net working capital per share of US$16.50. As further stock came on the market, he just kept buying more, and soon the Buffett Partnership was the company’s largest shareholder. Berkshire Hathaway was, however, in an absolute mess, with huge mills that cost more to maintain than they generated in cash. Buffett either needed to get out for a small profit, or he needed to engineer a change in management. In the end, he opted for the latter course and, in 1965, with the stock price at US$18, Buffett took control of the company.Buffett’s first step was to put a new man, Ken Chace, in charge of the textile operations. He explained that he needn’t bend over backwards to chase unprofitable sales, but that he would be judged according to cash return on invested capital. Buffett was about thirty years ahead of his time in using this measure, which achieved buzzword status in the 1990s (and was consequently badly abused), but it set the scene for his long tenure at the company: the Berkshire subsidiaries should only utilize cash at attractive rates of return, otherwise Buffett himself would take it and find other opportunities.And there were plenty of other opportunities. The Washington Post Company, Gillette and Coca-Cola are among the more famous listed companies in which Berkshire has made huge profits. But equally successful have been the company’s purchases of entire businesses, such as the Government Employees’ Insurance Company (GEICO) (a former favorite of Ben Graham’s), See’s Candies, the Buffalo News, Nebr aska Furniture Mart and Borsheim’s Jewelry. Whether purchased in full or in part, all of these businesses benefit from having a strong, defensible business franchise, enabling them to churn out increasing quantities of cash for investment in new opportunities. There is more about Buffett’s investing approach in this section, and on The Intelligent Investor website.In April 2005, the Berkshire Hathaway share price was edging towardsUS$100,000, giving an average annual return of about 26% per year since Buffett first took control. The market value of the company is now well over US$100 billion and its main challenge is finding big enough investment opportunities to make a difference to such a huge company—a fact that Buffett frequently moans about in his annual letters to shareholders. Having too much money, though, is a problem that few people get to complain about.Warren Buffett is one of the world's richest men, with an estimated personal wealth of approximately US$40 billion. He began his journey by cobbling together a few thousand dollars during his childhood: collecting golf balls, operating a pinball-machine business (with a mechanically minded friend), running paper rounds and doing any other odd jobs that came his way.By the time he took Ben Graham’s investing course at the University of Columbia at the age of 20, Buffett had accumulated $9,800 (see Note 1). Working with Ben Graham in New York, Buffett analysed stocks all day and he achieved the best returns of his career, compounding his money at 56% per year to reach a total of $140,000 when he returned to Omaha, Nebraska in 1956.Buffett then placed this money into his investing partnership, with various friends, family members and acquaintances. Between 1957 and 1970, he compounded his investments at an average rate of 28% per year. However,through this period, his own personal wealth benefited from a kicker effect thanks to performance bonuses from the partnership.When he liquidated the Buffett Partnership in 1970, he was able to convert his share into a stake of approximately one third in Berkshire Hathaway. Since then, Berkshire Hathaway’s net assets have compounded at an average rate of 23% per year (though the intrinsic value of Berkshire Hathaway, and its shares, have compounded at a slightly higher rate).Over the full 54 years, therefore, Buffet t’s investments have grown at an average rate of 27.6%. The graph below charts the progress of one of Buffett’s 1950 investment dollars up until 2004, compared to how one might have fared being invested in the overall US stockmarket (see Note 2).$1 travelling with Warren Buffett compared to $1 travellingwith the US StockmarketYou’ll see that we’ve done the chart on a logarithmic basis. It sounds a bit scary, but it’s the best way to do charts of things that compound over time, because it gives equal weight to the same proportional increases. But there’s another very good reason for doing it this way, and that is that if we didn’t, then the US stockmarket would not even register on the same chart as Buffett –quite literally, because the dollar invested with the US stockmarket dollar endsup at just less than a thousandth as much as the dollar invested with Warren Buffett. Don’t believe us? Well here’s the normal chart then.$1 travelling with Warren Buffett compared to $1 travellingwith the US StockmarketSee – we told you. Anyway, going back to the logarithmic chart, there are three main points to note.Firstly, notice how much higher up Warren Buffett’s line is. This reflect s the awesome power of compound interest – a little extra return each year (well quite a lot, in fact, in Buffett’s case) adds up to a colossal amount over the long term.Secondly, notice how much smoother Buffett’s line is. While the US stockmarket has bo unced about over the years, Buffett’s investing approach has produced more consistent returns.Finally, notice how Buffett’s line doesn’t go down at all. While the US stockmarket takes two steps forward and one step back, Buffett just keeps taking steps fo rward. Well, OK, that’s not entirely true. Buffett did blot his copy book, after 50 years of investing, with a loss of 6% in 2001 (compared to a loss of 12% by the S&P 500 index that year). But we figure that one small annual loss in 54 years is pretty reasonable going.One way or another then, Buffett’s approach beats the overall stockmarket by a country mile and it does it with less risk and many fewer setbacks.You can learn more about the approach by subscribing to The Intelligent Investor.Note 1.Buffett’s returns: The returns for Warren Buffett are comprised of three main sections. Firstly, there are Buffett’s own personal returns between 1950 and 1956, when he turned $9,800 into $140,000 [data taken from Davis, Buffett Takes Stock via Lowenstein, Buffett – The Making of An American Capitalist]. Secondly, there are the returns of the Buffett Partnership, between 1957 and 1969. Finally, there are the returns of Berkshire Hathaway since 1970.Note 2. US stockmarket returns: From 1965 to 2004, the returns of the US stockmarket are taken as the return of the S&P 500 Index, with dividends reinvested. From 1950 to 1964, they are taken as the return of the Dow Jones Industrial Average, with 5% added each year as an approximate adjustment for dividends.。
【英语】巴菲特介绍(课堂PPT)
Born
August 30, 1930 ) (age 77) Omaha, Nebraska, United States
Occupation
Chairman & CEO, Berkshire Hathaway
Salary
US$100,000
Net worth ▲US $62.0 billion (2008)
➢ I always knew I was going to be rich. I don't think I ever doubted it for a minute.
➢ If a business does well, the stock eventually follows.
➢ It's far better to buy a wonderful company
慈善家
18
2006 RANK
1 2
NAME
BACKGROU ND
2002-2005 GIVEN OR PLEDGED, MILLIONS
GIVING AS A % OF NET WORTH
ESTIMATED LIFETIME GIVING, MILLIONS
Warren
Berkshire
40,612
9
A➢sTaooBkuosvineerstsemxtainle firm
Berkshire Hathaway in 1965
Owned 29% of the Berkshire Hathaway stock
Gaining Control of Berkshire Hathaway
Named himself Director on May 10, 1965, after accumulating 49% of the common stock
描写巴菲特的句子唯美英文(精选两篇)
描写巴菲特的句子唯美英文(篇一) Title: Captivating and Beautiful English Sentences Describing Warren BuffettIntroduction:Warren Buffett, widely regarded as one of the most successful investors in history, is not only known for his financial acumen but also his eloquent way with words. In this article, we will delve into the world of Warren Buffett and explore 70 mesmerizing English sentences that aptly describe this legendary figure.1. Warren Buffett's wisdom has withstood the test of time, inspiring generations of investors.2. His insightful perspective on investments always leaves room for growth and learning.3. Warren Buffett's ability to spot value in unexpected places is truly remarkable.4. He possesses a unique gift for distilling complex financial concepts into simple yet profound insights.5. Buffett's financial philosophy emphasizes long-term gXXns over short-term speculation.6. His belief in the power of compounding returns has become the cornerstone of his investing strategy.7. Warren Buffett's humility and down-to-earth nature make him approachable and relatable to all.8. His commitment to lifelong learning serves as an inspiration for both newcomers and seasoned professionals in the field.9. Buffett's skill in making rational decisions amidst market volatility is a testament to his unshakable discipline.10. He remXXns unfazed by market downturns, always focusing on the potential for long-term gXXns.11. Warren Buffett's love for reading plays a pivotal role in expanding his intellectual horizons.12. His investment decisions are driven by careful analysis rather than impulsive reactions.13. Buffett's unparalleled success can be attributed to his patient and calculated approach to investing.14. He recognizes the importance of staying true to your investment philosophy during turbulent times.15. Warren Buffett's uncanny ability to identify undervalued stocks is a testament to his deep understanding of businesses.16. He always emphasizes the importance of investing in companies with a sustXXnable competitive advantage.17. Buffett's annual shareholder letters serve as a treasure trove of wisdom for investors worldwide.18. His unwavering belief in the potential of American businesses has yielded remarkable results.19. Warren Buffett's philanthropic efforts highlight his commitment to making a positive impact on society.20. His ultimate goal is not just creating wealth for himself but also for the greater good.21. Buffett's investment principles are firmly rooted in the idea of buying businesses, not just stocks.22. He encourages investors to treat the stock market as a marketplace for businesses rather than a casino.23. Warren Buffett's timeless advice on value investing resonates with investors of all levels of experience.24. His knack for predicting market trends separates him from the crowd of ordinary investors.25. Buffett's decisive and confident investment style has earned him the reputation of being the "Oracle of Omaha."26. He understands that successful investing requires a combination of patience, discipline, and a long-term outlook.27. Warren Buffett's investment decisions are driven by an unwavering fXXth in the intrinsic value of companies.28. His ability to remXXn calm and composed during market turbulence sets him apart from other investors.29. Despite his vast wealth, Buffett mXXntXXns a frugal lifestyle, setting an example for responsible financial management.30. Warren Buffett's steadfast commitment to ethical practices has earned him the trust and respect of shareholders worldwide.31. He believes in investing in businesses that align with his personal values and principles.32. Buffett's longevity in the investment industry speaks volumes about his expertise and ability to adapt to changing market conditions.33. His annual charity lunch auctions provide a unique opportunity for individuals to learn from his wealth of knowledge.34. Warren Buffett's investment approach is based on long-term fundamentals rather than short-term market speculation.35. His acquisition of Berkshire Hathaway transformed it into a diversified conglomerate with a solid financial foundation.36. Buffett's investment decisions are often driven by a meticulous analysis of a company's management team.37. He believes that investing in high-quality businesses at reasonable prices is a recipe for long-term success.38. Warren Buffett's contrarian investment style often leads him to invest in sectors others may overlook.39. His decision to donate the majority of his wealth to philanthropic causes reflects his commitment to leaving a lasting legacy.40. Buffett's influence extends beyond the field of investing, as he continues to inspire individuals from all walks of life.41. He possesses a remarkable ability to simplify complex financial concepts into relatable analogies.42. Warren Buffett's investing prowess sets him apart as a true trXXlblazer in the world of finance.43. His speeches and interviews provide invaluable insights into his investment philosophy and strategies.44. Buffett's annual meetings are a pilgrimage for investors eager to absorb his pearls of wisdom firsthand.45. He remXXns grounded and humble despite his immense success and wealth.46. Warren Buffett's investment decisions are driven by a thorough understanding ofa company's competitive advantage.47. His long-term approach to investing reflects his belief in the power of patience and consistent growth.48. Buffett's investment track record speaks for itself, showcasing his exceptional ability to generate consistent profits.49. He embodies the essence of value investing, focusing on the underlying fundamentals rather than short-term market fluctuations.50. Warren Buffett's investment principles can be applied by anyone willing to learn and apply his wisdom.51. His dedication to continuous learning inspires others to strive for personal and professional growth.52. Buffett's decision to surround himself with a capable team further highlights his humility and wisdom.53. He advises investors to invest in what they understand, offering a valuable lesson in staying within one's circle of competence.54. Warren Buffett's disciplined approach to investing is a testament to the power of patience and long-term thinking.55. His ability to navigate through uncertXXn market conditions sets him apart as a master of his craft.56. Buffett's emphasis on reading and expanding one's knowledge serves as a reminder of the power of education.57. He encourages individuals to invest in themselves first, recognizing that personal growth is essential for financial success.58. Warren Buffett's investments transcend borders, proving that successful investing knows no boundaries.59. His commitment to transparency and ethical practices has earned him the trust of investors worldwide.60. Buffett's steadfast belief in the potential of American businesses is contagious, inspiring others to invest in their own backyard.61. He advises agXXnst following market trends blindly, advocating for independent thinking and research.62. Warren Buffett's modest lifestyle serves as a reminder that financial success should not be equated with excessive materialism.63. His penchant for long-term investments shows a deep understanding of the power of time and compounding returns.64. Buffett's investment decisions focus on the underlying quality and durability of companies, rather than short-term market sentiment.65. He encourages individuals to invest in their passions, recognizing that aligning investments with personal interests leads to greater fulfillment.66. Warren Buffett's ability to seize opportunities during market downturns showcases his unwavering fXXth in long-term value.67. His annual letters to shareholders provide a wealth of knowledge and insights into the world of investing.68. Buffett's optimistic outlook on the future of the American economy serves as a beacon of hope for investors.69. He believes in the importance of mXXntXXning a long-term perspective, even amidst short-term market fluctuations.70. Warren Buffett's legacy as an investor and philanthropist will continue to inspire future generations for years to come.Conclusion:Warren Buffett's remarkable journey as an investor, philanthropist, and mentor has shaped the way we perceive the world of finance. Through his eloquent words, timeless wisdom, and unmatched success, he has left an indelible mark on the investment landscape. The 70 sentences above XXm to capture the essence of Warren Buffett's unique perspectives and accomplishments, inspiring readers to evaluate their own approach to investing and embrace the beauty of long-term thinking.描写巴菲特的句子唯美英文(篇二)A Collection of 50+ Exquisite English Quotes Depicting the Essence of Warren Buffett1. "Risk comes from not knowing what you're doing."2. "It's only when the tide goes out that you learn who's been swimming naked."3. "Someone's sitting in the shade today because someone planted a tree a long time ago."4. "The stock market is a device for transferring money from the impatient to the patient."5. "Price is what you pay. Value is what you get."6. "Our favorite holding period is forever."7. "Do not save what is left after spending, but spend what is left after saving."8. "The business schools reward difficult, complex behavior more than simple behavior, but simple behavior is more effective."9. "The difference between successful people and really successful people is that really successful people say no to almost everything."10. "The most important investment you can make is in yourself."11. "ChXXns of habit are too light to be felt until they are too heavy to be broken."12. "In the world of business, the rearview mirror is always clearer than the windshield."13. "Opportunities come infrequently. When it rXXns gold, put out the bucket, not the thimble."14. "The best thing that happens to us is when a great company gets into temporary trouble."15. "Be fearful when others are greedy and greedy when others are fearful."16. "You only have to do a very few things right in your life, so long as you don't do too many things wrong."17. "Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ."18. "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours, and you'll drift in that direction."19. "It's far better to buy a wonderful company at a fXXr price than a fXXr company at a wonderful price."20. "The first rule of investment is don't lose money. The second rule is: don't forget the first rule."21. "Honesty is a very expensive gift. Don't expect it from cheap people."22. "We don't have to be smarter than the rest. We have to be more disciplined than the rest."23. "The stock market is designed to transfer money from the active to the patient."24. "The most important quality for an investor is temperament, not intellect."25. "Derivatives are financial weapons of mass destruction."26. "The only way to get love is to be lovable as demonstrated by others."27. "What we learn from history is that people don't learn from history."28. "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."29. "Time is the friend of the wonderful business, the enemy of the mediocre."30. "Risk is a part of God's game, alike for men and nations."31. "Never invest in a business you cannot understand."32. "Be satisfied with a little, if wealth refuses to stay with you."33. "Investing isn't about beating others at their game. It's about controlling yourself at your own game."34. "You cannot make a good deal with a bad person."35. "The most important thing to do if you find yourself in a hole is to stop digging."36. "The investor of today does not profit from yesterday's growth."37. "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."38. "You know, if you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%."39. "Predicting rXXn doesn't count. Building arks does."40. "I buy expensive suits. They just look cheap on me."41. "Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.'"42. "The dumbest reason in the world to buy a stock is because it's going up."43. "It's better to be approximately right than precisely wrong."44. "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."45. "Beware of geeks bearing formulas."46. "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."47. "There seems to be some perverse human characteristic that likes to make easy things difficult."48. "I always knew I was going to be rich. I don't think I ever doubted it for a minute."49. "You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells."50. "My wealth has come from a combination of living in America, some lucky genes, and compound interest."With these 50+ exquisite English quotes, we have captured the wisdom and essence of Warren Buffett, showcasing his shrewdness, discipline, and unique investment philosophy. These quotes serve as a testament to the remarkable success and timeless principles of one of the greatest investors of our time.。
巴菲特传记英文作文
巴菲特传记英文作文Warren Buffett is a legendary investor known for his value investing strategy. He was born in 1930 in Omaha, Nebraska, and showed an early interest in business and investing. Buffett started investing at a young age and quickly realized that he had a knack for picking stocks.Buffett attended Columbia Business School and studied under Benjamin Graham, who is considered the father of value investing. Graham's teachings had a profound impact on Buffett's investment philosophy, and he credits Graham for shaping his approach to investing.In 1965, Buffett took over Berkshire Hathaway, a struggling textile company. He transformed it into a conglomerate holding company and used it as a vehicle to acquire other businesses. Over the years, Berkshire Hathaway has become one of the most successful and well-known companies in the world.Buffett is known for his frugal lifestyle despite his immense wealth. He still lives in the same modest house he bought in the 1950s and is often seen dining at fast-food restaurants. This down-to-earth approach has endeared him to many people and earned him the nickname "The Oracle of Omaha."Buffett is also a noted philanthropist and has pledged to give away the majority of his wealth to charitable causes. In 2006, he announced that he would donate 85% of his wealth to the Bill and Melinda Gates Foundation, as well as other charitable organizations.Buffett's annual letters to shareholders of Berkshire Hathaway are widely read and considered to be a treasure trove of investment wisdom. He is known for his folksy and straightforward writing style, which makes complexfinancial concepts easy to understand.Buffett's investment success and his personal integrity have made him a role model for investors and business leaders around the world. He continues to be an influentialfigure in the world of finance and his legacy is sure to endure for generations to come.。
巴菲特介绍英文作文
巴菲特介绍英文作文Warren Buffett is a legendary investor and one of the richest people in the world. He is known for his value investing strategy and his ability to pick winning stocks. Buffett is also the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company.Buffett is often referred to as the "Oracle of Omaha" because of his incredible track record of successful investments. He is a self-made billionaire and has become a role model for many aspiring investors and entrepreneurs.Buffett is also known for his philanthropy work and has pledged to give away the majority of his wealth to charity. He has already donated billions of dollars to various causes and continues to be a leading figure in the world of philanthropy.Buffett is famous for his down-to-earth personality and his simple lifestyle. Despite his immense wealth, he stilllives in the same house he bought in the 1950s and drives a modest car. He is known for his frugality and his love for Cherry Coke and hamburgers.Buffett is also a prolific writer and has authored several books on investing and business. He is known for his straightforward and easy-to-understand writing style, which has made his books popular among both novice and experienced investors.In conclusion, Warren Buffett is a true icon in the world of investing and business. His wisdom, humility, and generosity have made him a beloved figure around the world. He continues to inspire and educate people with his timeless investment principles and his dedication to making the world a better place.。
巴菲特介绍【英语】
an American businessman
a philanthropist
a successful investor the richest guy in the world
“ORACLE
OF OMAHA”
Warren Buffett !
Born August 30, 1930 ) (age 83) Omaha, Nebraska, United States
As a Businessman
1962年，巴菲特与合伙人合开公司的资本达到了720 万美元，其中有100万是属于巴菲特个人的。 1968年，巴菲特公司的股票取得了它历史上最好的 成绩：增长了59%，而道· 琼斯指数才增长了9%。巴 菲特掌管的资金上升至1亿零400万美元。(道· 琼斯指 数,美国三大股指之一） 1994年底巴菲特公司已发展成拥有230亿美元的伯克 希尔工业王国，它早已不再是一家纺纱厂（a textile factory ），它已变成巴菲特的庞大的 投资金融集团（huge investment in financial groups ）。
四大经典投资案例
（1）可口可乐：投资13亿美元，到2003年 持有15年，盈利88亿美元，增值6.8倍 （2）华盛顿邮报：投资1000万美元，到 2003年持有30年，盈利12亿，增值128倍 （3）吉列公司：投资6亿美元，到2003年持 有14年，盈利29亿，增值5倍 （4）政府雇员保险：投资4571万美元，到 2003年持有20年，盈利23亿，增值50倍
Chairman & CEO, Berkshire 哈撒韦 Occupation Hathaway（伯克希尔· 公司） Salary Net worth Spouse US$100,000 ▲US $62.0 billion
小学英语 英语故事(名人故事)世界投资大师：沃伦巴菲特
世界投资大师：沃伦·巴菲特The Master of Investment: Warren BuffettFor someone who is such an extraordinarily successful investor, Warren Buffett comes off as a pretty ordinary guy. Born and bred in Omaha, Nebraska, for more than 40 years Buffett has lived in the same gray stucco house on Farnam Street that he bought for $31,500. He wears rumpled, nondescript suits, drives his own car, drinks Cherry Coke, and is more likely to be found in a Dairy Queen than a four－star restaurant.世界投资大师：沃伦·巴菲特作为一个如此卓越的成功投资家，沃伦·巴菲特却又是一个非常平凡、普通的人。
巴菲特在美国内布拉斯加州的奥马哈出生、长大，40多年来他一直居住的是法钠姆大街那栋自己以31500美元购置的灰色水泥墙的房子。
他穿皱巴巴的普通西装，亲自开车，常喝"樱桃可乐"，多数情况下是光顾"戴瑞王后"这样的小饭馆，而不是四星级的豪华酒店。
But the 68－year－old Omaha native has led an extraordinary life. Looking back on his childhood, one can see the budding of a savvy businessman. Warren Edward Buffett was born on August 30, 1930, the middle child of three. His father, Howard Buffett, came from a family of grocers but himself became a stockbroker and later a U. S. congressman.但这位68岁、土生土长的奥马哈人却有着不平凡的生活经历。
巴菲特英语简介
巴菲特英语简介沃伦巴菲特，全球著名的投资商，彭博全球50大最具影响力人物排行榜，沃伦巴菲特排第9名。
下面是为你整理的巴菲特英语简介，希望对你有用!沃伦巴菲特人物成就Personal wealthWarren Buffett in 2011 to net assets of 50 billion US dollars ranked Forbes list third.2013 Warren Buffett with net assets of $ 53.5 billion, ranked fourth in the Forbes list.March 1, 2021, Forbes announced the global richest list, Warren Buffett personal wealth of 60.8 billion US dollars ranked third.Into ChinaJanuary 24, 1996, Shanghai Securities News published in Chinas earliest introduction of Buffetts investment ideas of the articlesecurities investment giant - Warren Bu Fei, Warren Bu Fei is stock Warren Buffett was The translation of the name. The author of the article is Professor Sun Di.Financial forumUS debt defaultUS debt default has become a global market to talk about the discoloration of the topic, but in the rating of Moodys, this is still a small probability event.The Treasury Department is unlikely to pay due Treasury bonds, said Moodys chief executive Raymond McDaniel. I hope the debt ceiling will increase on the 17th, but if not, I think the Treasury will continue to honor its commitments.Today, the United States democracy, the Republican Party war has been burned to the US debt, October 17, 2013, the United States will usher in the debt ceiling test.This (if the US debt default) is like a nuclear bomb explosion,the consequences are simply unimaginable. Buffett last week in the Fortune magazine interview said.EconomyBuffett said there is no doubt that the global economy is slowing, but the United States is slightly better than Europe.At the same time, Buffett also said the US housing market has been rotated, with the housing market recovery, housing-related companies will benefit, such as furniture and carpet industry. Buffett revealed that he took advantage of Wells Fargo shares fell, in the past week to buy more of the stock. In the past month, Wells Fargo shares fell more than 3%.As of June 30, 2013, Berkshire Hathaway reported that it held more than 411 million shares worth nearly $ 14 billion. Buffett said it was not enough and would keep buying.Buffett believes that the bank is still a very good industry, but the bank crisis before the credit crisis is not profitable. Buffett said he was interested in buying some of the companys prospects in 2012, whentwo potential $ 20 billion acquisitions were blown by price issues.Berkshire Hathaway has $ 40 billion in cash, but the price is unreasonable, and Berkshire Hathaway will not join the bid. He plans to target a $ 6 billion financial company, but he does not mention that it is a potential acquisition.Buffett reiterated his long-held view that the stock market is the best funding for investment, and expressed confidence in IBMs long-term prospects.In 2011, Berkshire Hathaway bought about $ 11 billion in IBM shares, and Buffett said it would also jiacang to that level. As for Berkshire Hathaway holding another big stock Procter Gamble, Buffett admitted that in recent years the profitability is really poor.But Buffett praised the chairman and chief executive officer Bob McDonald is an outstanding figure. MacDonalds leadership is popular today. Buffett said Berkshire Hathaway had sold some Procter Gamble stock.Buffett also expressed strong support for Federal ReserveChairman Ben Bernankes third term, saying that Bernankes job was excellent, and that no one was better qualified for the Feds position. Buffett believes that if the president made an invitation, Bernanke will agree to re-election.However, Buffett said he was worried about the Feds expanding balance sheet. His intuition should be against the Feds QE3 economic stimulus plan. At the same time, Buffett believes that the United States is very likely in the short term out of the financial cliff risk.Taxation point of viewAugust 2011, the famous US investor Warren Buffett local time on the 15th that the richest Americans should pay more income tax, to improve the countrys financial situation to contribute.Buffett said in the New York Times entitled stop pet super rich article said that the poor and middle-class Americans in Afghanistan for the country to fight, and such a rich but still enjoy Special tax concessions. One of the main manifestations of the distribution of injustice is that the capital is too much in the distribution, and that the labor is too much in the distribution.Buffetts 15th in the New York Times article is thoughtful. The title of the article is stop spoiled the rich, the signs directly to the rich. Some people will say that Buffett is not deliberately to please President Obama, non-also, whether it is wealth or age, he does not need to please anyone and any power. This is Buffetts consistent style and thought. This passage is equally worthy of the richness of the Chinese people.沃伦巴菲特个人荣誉In the 2008 Forbes list of wealth over Bill Gates, become the worlds richest man. In the eleventh charity fund-raising, Buffetts lunch auction to 2.63 million US dollars.In July 2010, Warren Buffett once again donated shares to five charities, according to the current market value equivalent to 1.93 billion US dollars. This is the third highest contribution since Buffett began to donate 99% of its assets in 2006.February 15, 2011, access to the symbol of the highest honor of the United States of America Medal of Freedom.March 10, 2011, 2011 Forbes Global Regal list released in New York, Buffett to worth 50 billion ranked third.March 26, 2011, Barron Weekly online version of the 2011 global 30 best CEO, ranked third.In December 2011, Buffett announced that his son Howard would play the role of heir in Berkshire Hathaway.April 2012, suffering from prostate disease, has not yet threatened life.2013 Forbes wealth list to $ 53 billion ranked fourth.February 28, 2013, Hurun Global Rich List, Buffett ranked second.March 2, 2021, Forbes released 2021 global richest list.Among them, the top three were Bill Gates, Carlos Slim, Warren Buffett, wealth were $ 79.2 billion, $ 77.1 billion and $ 72.7 billion.In mid-July 2021 to the end of August, Buffetts Berkshire Hathaway company in the investment stock market has at least a loss of $ 11.2 billion book. The equivalent of Berkshire Hathaway has shrunk by 10.3%.In 2021, the worlds richest ten couples ranked third, third: Warren Buffett and Astrid Mundes (Warren Buffett and Astrid Menks) net assets sum: $ 65 billion.2009, the United States local time on September 29, Forbes released the US tycoon 400 list shows that by virtue of $ 62 billion in wealth ranked second in the US Regal, which is Warren Buffett since 2001 has been ranked.October 2021, the US financial magazine Bloomberg Market announced the fifth global financial 50 most influential figures, Buffett ranked fifth.September 22, 2021, Bloomberg Global 50 most influential people list, Warren Buffett ranked ninth.In October 2021, Forbes magazine released the annual US 400 Rich List, Warren Buffett ranked third.March 2021, Forbes magazine released 2021 global rich list, Warren Buffett ranked second.巴菲特英语简介相关。
名人巴菲特简介
for the £31bn fortune
Class: 094
Warren Buffett
沃伦·巴菲特
A video about Buffett
Warren Buffett
中文名：沃伦·巴菲特 出生日期：1930年8月30日 出生地：美国内布拉斯加州奥马哈市 毕业院校：沃顿商学院本科、哥伦比亚大学硕
巴菲特本身就是一个传奇任务，他是有史以来最伟
大的投资家，他依靠股票、外汇市场的投资，成为 全球顶尖的富豪。此外，巴菲特还非常热心公益事 业，更是被美国人称为“除了父亲外最值得尊敬的 男人。”
2006年，巴菲特在纽约公共图书馆签署捐款意向书， 正式决定向5个慈善基金会捐出其财富的85%，约合 375亿美元。这是美国和世界历史上最大一笔慈善捐 款。他还准备将捐款中的绝大部分（约300亿美元） 捐给比尔·盖茨及其妻子建立的“比尔与梅琳 达·盖茨基金会”。
♥ Don’t go on brand name; just wear those things in which you feel comfortable.别走入名牌的迷思， 穿你觉得舒服的服饰即可。
♥ Don’t waste your money on unnecessary things; just spend on them who really in need other. 与 其把钱花在不必要的事情上，倒不如把钱花在真正 需要的地方。
♪ 不要贪婪。1969年整个华尔街进入了投机的 疯狂阶段，面对连创新高的股市，巴菲特却 在手中股票涨到20%的时候就非常冷静地悉 数全抛。
♪ 不要跟风。2000年，全世界股市出现了所谓 的网络概念，巴菲特却称自己不懂高科技， 没法投资。一年后全球出现了高科技网络股 股灾。
巴菲特 英文作文
巴菲特英文作文Title: Warren Buffett: A Beacon of Value Investing。
Warren Buffett, often hailed as the Oracle of Omaha, is undoubtedly one of the most influential figures in the world of finance and investment. With a career spanning several decades, Buffett has amassed a wealth of knowledge and experience, earning him a reputation as one of the most successful investors of all time.Born in 1930 in Omaha, Nebraska, Buffett showed an early interest in business and investing. He began his entrepreneurial endeavors at a young age, selling chewing gum, soda, and newspapers door-to-door. His natural talent for numbers and his keen business acumen became evident even in his teenage years.Buffett's investment philosophy is grounded in the principles of value investing, which he learned from his mentor, Benjamin Graham, during his time at ColumbiaBusiness School. At the core of Buffett's approach is the concept of buying undervalued stocks of fundamentally strong companies and holding onto them for the long term. He famously quipped, "Our favorite holding period is forever."One of the key principles that Buffett espouses is the importance of conducting thorough research and analysis before making any investment decisions. He emphasizes the significance of understanding the underlying business fundamentals, such as earnings growth, competitive advantage, and management integrity. Buffett famously remarked, "Risk comes from not knowing what you're doing."Another hallmark of Buffett's investment strategy is his aversion to speculative investments and his emphasis on investing in businesses that he can understand. He famously avoids tech stocks and other high-flying sectors,preferring instead to invest in companies with stable and predictable earnings streams.Buffett's track record speaks for itself. Through hiscompany, Berkshire Hathaway, he has generated phenomenal returns for shareholders over the years, consistently outperforming the broader market. His disciplined approach to investing, combined with his long-term perspective, has enabled him to navigate through various market cycles and economic downturns successfully.Beyond his prowess as an investor, Buffett is also known for his frugality and humility. Despite being one of the wealthiest individuals in the world, he continues to live a modest lifestyle, residing in the same house he bought in Omaha decades ago and eschewing extravagant displays of wealth.Buffett's philanthropy is also well-documented. He has pledged to give away the majority of his wealth to charitable causes through the Bill and Melinda Gates Foundation and other organizations. His commitment to giving back to society underscores his belief in the importance of using wealth to make a positive impact on the world.In conclusion, Warren Buffett's legacy extends far beyond his financial success. He is a beacon of integrity, wisdom, and humility in the world of investing. Histimeless principles of value investing continue to inspire generations of investors, and his philanthropic efforts serve as a testament to his commitment to making the worlda better place. Aspiring investors would do well to study Buffett's life and career for invaluable lessons on success, both in finance and in life.。
巴菲特 (Warren Buffett)英文简介
巴菲特（Warren Buffett）英文简介Brief IntroductionWarren Edward Buffett , born in 1930,is an American investor , industrialistand philanthropist .Investors all over the world recognizethe name of Warren Buffett. He iswidely regarded as one of the mostsuccessful investors in the world, whois often called the "legendary investor,Warren Buffett".Buffett is the primary shareholder ,chairman and CEO of BerkshireHathaway . He is consistently rankedamong the world's wealthiest people .He was ranked by Forbes as theworld's richest person in 2008 and isthe third richest person in the world asof 2011.Early LifeEven as a child, Buffett displayed an interest in makingand saving money. He went door to door selling chewinggum, Coca-Cola , or weekly magazines.While still in high school, he carried out severalsuccessful money-making ideas: delivering newspapers,selling golf balls and stamps.Buffett and StockBuffett's interest in the stock market and investing also dated to his childhood, to the days he spent in the customers' lounge of a regional stock brokerage near the office of his father's own brokerage company.On a trip to New York City at the age of ten, he made a point to visit the New York Stock Exchange . At the age of 11, he bought three shares of Cities Service Preferred for himself, and three for his sister.Education experienceBuffett entered college as a freshmen in 1947 at the Wharton Business School of the University of Pennsylvania and studied there for two years from 1947 to 1949.In the year 1950, when he entered his junior year, he transferred to the University of Nebraska–Lincoln where at the age of nineteen, he graduated with a degree of Bachelor of Science in Business Administration.After the completion of his undergraduate studies, Buffett enrolled at Columbia Business School after learning that Benjamin Graham (author of " The Intelligent Investor " –one of his favorite books on investing) and David Dodd , two well-known securities analysts , taught there.He received a MS in Economics from Columbia Business School in 1951. Buffett also attended the New York Institute of Finance .WealthIn 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion .In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of US$37 billion with only Bill Gates ranked higher than Buffett. His net worth is up to $47 billion in the past 12 months.PhilanthropyBuffett is also a notable philanthropist.In June 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation .He pledged about the equivalent of 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation, making it the largest charitable donation in history, and Buffett one of the leaders of philanthrocapitalism .Buffett’s WordsWhat 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 needs to 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。
巴菲特英文简介
巴菲特（Warren Buffett）英文简介Brief IntroductionWarren Edward Buffett , born in 1930, is an American investor , industrialist and philanthropist .Investors all over the world recognize the name of Warren Buffett. He is widely regarded as one of the most successful investors in the world, who is often called the "legendary investor, Warren Buffett".Buffett is the primary shareholder , chairman and CEO of Berkshire Hathaway . He is consistently ranked among the world's wealthiest people .He was ranked by Forbes as the world's richest person in 2008 and is the third richest person in the world as of 2011.Early LifeEven as a child, Buffett displayed an interest in making and saving money. He went door to door selling chewing gum, Coca-Cola , or weekly magazines.While still in high school, he carried out several successful money-making ideas: delivering newspapers, selling golf balls and stamps.Buffett and StockBuffett's interest in the stock market and investing also dated to his childhood, to the days he spent in the customers' lounge of a regional stock brokerage near the office of his father's own brokerage company.On a trip to New York City at the age of ten, he made a point to visit the New York Stock Exchange . At the age of 11, he bought three shares of Cities Service Preferred for himself, and three for his sister.Education experienceBuffett entered college as a freshmen in 1947 at the Wharton Business School ofthe University of Pennsylvania and studied there for two years from 1947 to 1949. In the year 1950, when he entered his junior year, he transferred to the University of Nebraska–Lincoln where at the age of nineteen, he graduated with a degree of Bachelor of Science in Business Administration.After the completion of his undergraduate studies, Buffett enrolled at Columbia Business School after learning that Benjamin Graham (author of " The Intelligent Investor " – one of his favorite books on investing) and David Dodd , two well-known securities analysts , taught there.He received a MS in Economics from Columbia Business School in 1951. Buffett also attended the New York Institute of Finance .WealthIn 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion .In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of US$37 billion with only Bill Gates ranked higher than Buffett. His net worth is up to $47 billion in the past 12 months.PhilanthropyBuffett is also a notable philanthropist.In June 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation .He pledged about the equivalent of 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation, making it the largest charitable donation in history, and Buffett one of the leaders of philanthrocapitalism .Buffett’s WordsWhat 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 needs to 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。
巴菲特介绍英文作文
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文档下载后可定制随意修改，请根据实际需要进行相应的调整和使用，谢谢!并且，本店铺为大家提供各种各样类型的实用资料，如教育随笔、日记赏析、句子摘抄、古诗大全、经典美文、话题作文、工作总结、词语解析、文案摘录、其他资料等等，如想了解不同资料格式和写法，敬请关注!Download tips: This document is carefully compiled by theeditor. I hope that after you download them,they can help yousolve practical problems. The document can be customized andmodified after downloading,please adjust and use it according toactual needs, thank you!In addition, our shop provides you with various types ofpractical materials,such as educational essays, diaryappreciation,sentence excerpts,ancient poems,classic articles,topic composition,work summary,word parsing,copyexcerpts,other materials and so on,want to know different data formats andwriting methods,please pay attention!Warren Buffett is one of the most famous investors in the world. He's known for his smart investment strategies and long-term success.He started his investing journey early and has made a fortune through his shrewd decisions.Buffett has a unique way of looking at businesses and values companies based on their fundamentals.He's also very down-to-earth and has simple tastes in life.Many people look up to him and try to learn from his investment wisdom.He's not afraid to take risks when he sees an opportunity.And he's been able to weather many market fluctuations over the years.。
巴菲特英文介绍
He’s just like you and me, except for the £31bn fortunePROFILE: Warren BuffettWhen F Scott Fitzgerald observed that “the very rich are different from you and me”, the novelist was clearly not thinking of people like Warren Buffett. Proclaimed the world’s richest man last week, the American investment strategist eats at his local grill and drives to work from the modest home that he bought in unfashionable Omaha, Nebraska, in 1958, which is today valued at about £350,000.Such is the frugality of the 77-year-old “sage of Omaha”, whose wealth increased by £5 billion last year to £31 b illion, that when he married in 2006 he bought a discount ring from his own jewellery company. He has vowed to pass on only a small chunk of his fortune to his children, Susie, Howard and Peter. He wants them to have “enough to do anything but not to do nothing”.His advice has enriched more investors than anyone else in history, but Buffett pays himself a mere £50,000 a year and prefers such ordinary fare as steaks and hamburgers, washed down with Cherry Coke. Not for him the bright lights of New York, ev en though he owns a private jet, his one extravagance: “I have everything I need and am very comfortable right here at home in Omaha. I feel sorry for people who are consumed by possessions.”Known for his wry homilies, Buffett has bet his house in jest against that of his friend and bridge partner Bill Gates, the Microsoft co-founder now relegated from first to third place in the zillionaire stakes, according to Forbes magazine. They used to meet for games at a Holiday Inn near Buffett’s home, but of late they play online - Buffett’s only concession to newfangled technology - under the user names“T-bone” (Buffett) and “Challenger X”.Buffett’s ranking may seem puzzling, given that in 2006 he announced he was donating his fortune to charity, with about £15 billion going to the Bill and Melinda Gates Foundation, dedicated to combating Aids, tuberculosis and malaria. The donations are in instalments - the latest for £880m - but Buffett just gets richer.This act of philanthropy was an indirect consequence o f Buffett’s unorthodox role as a husband and lover. In 1952 he married Susan Thompson, a former cabaret singer who, after raising their children, announced in 1977 that she was leaving Omaha to pursue her singing career in San Francisco. They remained married and on good terms, holidaying together and helping charitable groups.Buffett had always expected that Susan would inherit his wealth and pass it to charitable causes, he explained later: “When we got married, I told Susie I was going to be rich . . . [not] because of any special virtues of mine, but simply because I was wired at birth to allocate capital.” Susie was less than thrilled by this prospect: “But we were totally in sync about what to do with it - and that was to give it back to society.”In 1978 Susan introduced her husband to Astrid Menks, a Latvian working as a waitress in a restaurant, who soon moved in with him. Buffett sent out Christmas cards signed “Warren, Susie and Astrid”.Two years after Susan died from a stroke in 2004, Buffett married Astrid, then 60. “Astrid loves him and takes care of him,” his daughter Susie said. “If Warren didn’t have a cent she’d still be with him.”Just before their wedding, he revealed his plan to release his ever-growing riches to charitable causes for decades to come.Buffett likes to make wealth-generation sound simple. He once summed it up thus: “Rule No 1: never lose money. Rule No 2: never forget rule No 1.” His prescience is world-renowned: he refused to buy stocks in the booming 1960s, only to strike gold in the plummeting 1970s. He walked away from the dotcom boom in the 1990s, sticking with boring blue-chips such as Gillette, Coca-Cola and American Express. He always came up smelling of greenbacks.He is one of the most respected voices in financial America, embodying Midwest virtues of probity, modesty and common sense, so his recent warning that America was in recession stirred panic. His utterances attract 20,000 acolytes to the annual meeting of his business empire, dubbed the “Woodstock o f capitalism”.A journalist who attended recalled: “He was amiable, chatty, and spoke for four hours off the top of his head. He is what he seems: a modest and ferociously bright man to whom money is an intellectual pursuit, not something to spend.”Buffett is a Democrat who has funded the pro-choice group Planned Parenthood and has raised money for both Hillary Clinton and Barack Obama, rivals for the party’s presidential nomination, without endorsing either. He would be happy whichever won, he said. Yet he remains a close friend of Arnold Schwarzenegger, California’s Republican governor, whom he served as an economic adviser in 2003.If anything gives him sleepless nights, it is the certainty that a nuclear holocaust will wipe out the planet. “It is the ultimate depressing thing. It will happen, it’s inevitable,” he said, reasoning that as the number of “bad guys” increases, so do the odds of one obtaining an atom bomb.He was born in 1930 in a house in Omaha on the banks of the Missouri River, the son of Leila and Howard, a Republican stockbroker elected to Congress on a platform described as “to the right of God”. His grandfather ran the family’s grocery store dating from 1869, where Buffett’s fortune began.“My grandfather would sell me Wrigley’s che wing gum and I would go door to door around my neighbourhood selling it,” he recalled. “He also sold me a six-pack of Coca-Cola for a quarter [25c] and I would sell it for a nickel [5c] each, so I made a small profit.” He supplemented his earnings by selli ng lost golf balls. When the family moved to Washington, the 12-year-old Warren took on five paper rounds, using his access to customers to sell them magazine subscriptions.By the following year he was making £80 a month, an incredible sum in the 1940s. Through shrewd investment, at the age of 14 he saved the £400 needed to buy 40 acres of local farmland, which he rented out. His first dabble in the stock market earned him a $2 profit before the shares shot up, teaching him that patience pays off.After a first degree at the University of Nebraska Lincoln, he went to Columbia Business School in New York, where he fell under the spell of Benjamin Graham, an investment guru who awarded Buffett the only A+ grade he ever bestowed.Buffett worked for his mentor after graduation but outgrew him, according to Roger Lowenstein, Buffett’s biographer: “Graham would amaze the staff with his ability to scan a page with columns of figures and pick out an error. But Buffett was faster at it.”His strategy was to search for “cigar butt” companies, no longer of interest to the market and thus undervalued, but which still had “a few puffs” left in them.In 1962 he spotted a run-down Massachusetts textile firm, Berkshire Hathaway, which he bought and transformed into an insurance company. His empire now extends to sweet shops and Fruit of the Loom clothing. He has shares in The Washington Post, Tesco and a controlling stake in CE Electric, which supplies energy to English homes.He denounced th e “outright crookedness” of Enron, the collapsed American conglomerate, and the dubious methods used by corporations to calculate pension charges and stock option costs: “CEOs will be respected and believed . . . only when they deserve to be. They should quit talking about some bad apples and reflect instead on their own behaviour.”This rigour extends to his family dealings, notably his past stinginess with his children. On one occasion his daughter Susie needed $20 to get her car out of an airport car park, but Buffett made her write a cheque to him first. He doesn’t spare himself either: “Only my clothes are more expensive now, but they look cheap when I put them on.”Buffett has critics, drawing flak over his profits from PetroChina, the oil company with links to Sudan’s government. His recent offer to stand behind America’s municipal bond payments, issued by local councils, was seen as a self-serving gesture – only one such bond on average has gone into default over the past 40 years.To most American s, however, Buffett is a national treasure. But as he put it: “You only learn who has been swimming naked when the tide goes out.”。
《巴菲特介绍英语》PPT课件
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1941 11 years old
6 shares of Cities Service preferred stock [3 shares for himself, 3 for his sister, Doris]
•他跃身股海，购买了平生第一张股票。
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In his senior year of high school Buffett and a friend spent $25 to purchase a used pinball machine（弹球机）, which they placed in a barber shop. Within months, they owned three machines in different locations.
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As a Businessman
1962年，巴菲特与合伙人合开公司的资本达到了720 万美元，其中有100万是属于巴菲特个人的。
1968年，巴菲特公司的股票取得了它历史上最好的 成绩：增长了59%，而道·琼斯指数才增长了9%。巴 菲特掌管的资金上升至1亿零400万美元。(道·琼斯指 数,美国三大股指之一）
at a fair price than a fair company at a
wonderful pricepp.t课件
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To make a strategic decision in five minutes. （五分钟决策）
No more than your real need .Don’t waste excessively. （不超过自己真正需要的，不过度奢侈浪费）
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i am lucky 巴菲特
个人经历学习1941年，刚刚跨入11周岁，他便跃身股海，并购买了平生第一张股票。
1947年，沃伦·巴菲特进入宾夕法尼亚大学攻读财务和商业管理。
但他觉得教授们的空头理论不过瘾，两年后转学到内布拉斯加大学林肯分校，一年内获得了经济学学士学位。
1950年巴菲特申请哈佛大学被拒之门外，考入哥伦比亚大学商学院，拜师于著名投资学理论学家本杰明·格雷厄姆。
在格雷厄姆门下，巴菲特如鱼得水。
格雷厄姆反对投机，主张通过分析企业的赢利情况、资产情况及未来前景等因素来评价股票，他传授给巴菲特丰富的知识和诀窍。
1951年，21周岁的巴菲特获得了哥伦比亚大学经济学硕士学位。
学成毕业的时候，他获得最高A+。
Buffett: (holds mike) Testing: One million $, two million $….three million $. I would like to say a few words primarily and then the highlight for me will be getting your questions. I want to talk about what is on your mind.I urge you to throw hard balls, it’s more fun for me if you follow speed and speeches come in end. You can ask anything about except football game last week in A&M, that’s out of limits. We have come here for some from Sun Trust, I have just attend the top meeting and I sat next to Jim·Williams who runs Sun Trust for many years and he wanted to be sure that I wear this SunTrust shirt down here.I tried to get the sponsorship from the Senior Gulf and I was sluggish and now on the back of the store I am doing much better .He said I get 1% of increase in deposit ,profits ,so all I gets for Sun Trust, yell for Sun Trust.Your FutureI would like to talk for just one minute to the students about your future when you leave here. Because you will learn a tremendous amount about investments, you all have the ability to do well; you all have the IQ to do well. You all have the energy and initiative to do well or you wouldn't be here. Most of you will succeed in meeting your aspirations. But in determining whether you succeed there is more to it than intellect and energy. I would like to talk just a second about that. In fact, there was a guy, Pete Kiewit in Omaha, who used to say, he looked for three things in hiring people: integrity, intelligence and energy. And he said if the person did not have the first two, the later two would kill him, because if they don't have integrity, you want them dumb and lazy. We want to talk about the first two because we know you have the last two. You are all second-year MBA students, so you have gotten to know your classmates. Think for a moment that I granted you the right--you can buy 10% of one of your classmate’s earnings for the rest of their lifetime. You can't pick someone with a rich father; you have to pick someone who is going to do it on his or her own merit. And I gave you an hour to think about it.Will you give them an IQ test and pick the one with the highest IQ? I doubt it. Will you pick the one with the best grades? The most energetic? You will start looking for qualitative factors, in addition to (the quantitative) because everyone has enough brains and energy. You would probably pick the one you responded the best to, the one who has the leadership qualities, the one who is able to get other people to carry out their interests. That would be the person who is generous, honest and who gave credit to other people for their own ideas. All types of qualities. Whomever you admire the most in the class. Then I would throw in a hooker. In addition to this person you had to go short one of your classmates.That is more fun. Who do I want to go short? You wouldn't pick the person with the lowest IQ, you would think about the person who turned you off, the person who is egotistical, who is greedy, who cuts corners, who is slightly dishonest. As you look at those qualities on the left and right hand side, there is one interesting thing about them, it is not the ability to throw a football 60 yards, it is not the ability the run the 100 yard dash in 9.3 seconds, it is not being the best looking person in the class, they are all qualities that if you really want to have the ones on the left hand side, you can have them.They are qualities of behavior, temperament, character that are achievable, they are not forbidden to anybody in this group. And if you look at the qualities on the right hand side the ones that turn you off in other people, there is not a quality there that you have to have. You can get rid of it. You can get rid of it a lot easier at your age than at my age, because most behaviors are habitual. The chains of habit are too light to be felt until they are too heavy to be broken. There is no question about it. I see people with these self- destructive behavior patterns at my age or even twenty years younger and they really are entrapped by them.They go around and do things that turn off other people right and left. They don't need to be that way but by a certain point they get so they can hardly change it. But at your age you can have any habits, any patterns of behavior that you wish. It is simply a question of which you decide.If you did this… Ben Graham looked around at the people he admired and Ben Franklin did thisbefore him. Ben Graham did this in his low teens and he looked around at the people he admired and he said, "I want to be admired, so why don't I behave like them?" And he found out that there was nothing impossible about behaving like them. Similarly he did the same thing on the reverse side in terms of getting rid of those qualities. I would suggest is that if you write those qualities down and think about them a while and make them habitual, you will be the one you want to buy 10% of when you are all through. And the beauty of it is that you already own 100% of yourself and you are stuck with it. So you might as well be that person, that somebody else. Well that is a short little sermon. So let's get on with what you are interested in. Let's start with questions………..Question: What about Japan? Your thoughts about Japan?Buffett: My thoughts about Japan? I am not a macro guy. Now I say to myself Berkshire Hathaway can borrow money in Japan for 10 years at one percent. One percent! I say gee, I took Graham's class 45 years ago and I have been working hard at this all my life maybe I can earn more than 1% annually, it doesn't seem impossible. I wouldn't want to get involved in currency risk, so it would have to be Yen-denominated. I would have to be in Japanese Real Estate or Japanese companies or something of the sort and all I have to do is beat one percent. That is all the money is going to cost me and I can get it for 10 years. So far I haven't found anything. It is kind of interesting. The Japanese businesses earn very low returns on equity - 4% to 5% - 6% on equity and it is very hard to earn a lot as an investor when the business you are in doesn't earn very much money.Now some people do it. In fact, I have a friend, Walter Schloss, who worked at Graham at the same time I did. And it was the first way I went at stocks to buy stocks selling way below working capital. A very cheap, quantitative approach to stocks. I call it the cigar butt approach to investing. You walk down the street and you look around for a cigar butt someplace. Finally you see one and it is soggy and kind of repulsive, but there is one puff left in it. So you pick it up and the puff is free--it is a cigar butt stock. You get one free puff on it and then you throw it away and try another one. It is not elegant. But it works. Those are low return businesses.But time is the friend of the wonderful business; it is the enemy of the lousy business. If you are in a lousy business for a long time, you will get a lousy result even if you buy it cheap. If you are in a wonderful business for a long time, even if you pay a little bit too much going in you will get a wonderful result if you stay in a long time. I find very few wonderful businesses in Japan at present. They may change the culture in some way so that management gets more share holder responsive over there and stock returns are higher. At the present time you will find a lot of low return businesses and that was true even when the Japanese economy was booming. It is amazing; they had an incredible market without incredible companies. They were incredible in terms of doing a lot of business, but they were not incredible in terms of the return on equity that they achieved and that has finally caught up with them. So we have so far done nothing there. But as long as money is 1% there, we will keep looking.Question: You were rumored to be one of the rescue buyers of Long Term Capital, what was the play there, what did you see?Buffett: The Fortune Magazine that has Rupert Murdoch on the cover. It tells the whole story of our involvement; it is kind of an interesting story.t’s a long story so I wouldn’t go through all background. But I got the really serious call about LTCM about four weeks ago ,my granddaughter, I got it at the mid afternoon ,my granddaughter was having her birthday party at evening and I was flying to Seatle go on the 12day trip with Gates on Alaska on our private planeand I was really out of communication. But I got this call on a Friday afternoon that things were getting serious. I got the other calls before the article go published. I know those people most of them pretty well--most of them at Salomon when I was there. And the place was imploding and the FED was sending people up that weekend. Between that Friday and the following Wed. when the NY Fed, in effect, orchestrated a rescue effort but without any Federal money involved.I was quite active but I was having a terrible time because we were sailing up through these canyons which I have no interest in even though we were in Alaska. And the captain was saying we just stay over here and we might see some bears. I would say stay where we could get satellite signals.We put in a bid on Wednesday morning. By then I was in Montana. I talked to Bill McDonough at the NY Fed. But they have a meeting with bankers at 10 o’clock that mor ning at NY time. I called them, actually, deliberate measures, he called me before 10 NY time. We made a bid ,because I was in Canada, long distance things were really an outline for the bid, but in the end, the bid was for 250 million for the net assets but we would have put in 3 and 3/4 billion on top of that. $3 billion from Berkshire, $700 mil.from AIG and $300 million. from Goldman Sachs. And we submitted that but we put a very short time limit on that because when you are bidding on 100 billion worth of securities that are moving around, you don't want to leave a fixed price bid out there for very long. Because we going to be shopped. In the end the bankers made the deal, but it was an interesting period.The whole LTCM ,I hope you are get familiar with it but the whole story is really fascinating because if you take Larry Hillenbrand, Eric Rosenfeld, John Meriwether and the two Nobel prize winners. If you take the 16 of them, they have about as high an IQ as any 16 people working together in one business in the country, including Microsoft. An incredible amount of intellect in that room. Now you combine that with the fact that the 16 had extensive experience in the field they were operating in. These were not a bunch of guys who had made their money selling men’s clothing and all of a sudden went into the securities business. They had in aggregate, the 16, had 300 or 400 years of experience doing exactly what they were doing and then you throw in the third factor that most of them had most of their ve ry substantial net worth’s in the businesses. So they have their own money up. Hundreds and hundreds of millions of their own money up (at risk), super high intellect and working in a field that they knew. Essentially they went broke.That to me is absolutely fascinating. If I ever write a book it will be called, Why Smart People Do Dumb Things. My partner says it should be autobiographical. But this might be an interesting illustration. They are perfectly decent guys. I respect them and they helped me out when I had problems at Salomon. They are not bad people at all. But to make money they didn’t have and didn’t need, they risked what they did have and what they did need. That is just plain foolish; it doesn’t matter what your IQ is.If you risk something that is important to you for something that is unimportant to you it just doesn’t make sense. I don’t care if the odds you succeed are 99 to 1 or 1000 to 1 that you succeed. If you hand me a gun with a million chambers with one bullet in a chamber and put it up to your temple and I am paid to pull the trigger, it doesn’t matter how much I would be paid.I would not pull the trigger. You can name any sum you want, but it doesn’t do anything for me on the upside and I think the downside is fairly clear. I am not interest in this kind of game. Yet people do it financially very much without thinking about it very much.There was a lousy bookwith a great title written by Walter Gutman—You Only Have to Get Rich Once. Now that seems pretty fundamental. If you have $100 million at the beginning of the year and you will make 10% if you are unleveraged and 20% if you are leveraged 99 times out of a 100, what difference if at the end of the year, you have $110 million or $120 million? It makes no difference. If you die at the end of the year, the guy who makes up the story may make a typo, he may have said 110 even though you had a 120. You have gained nothing at all. It makes absolutely no difference. It makes no difference to your family ,make no difference to anything.The downside, especially if you are managing other people’s money, is not only losing all your money, but it is disgrace, humiliation and facing friends whose money you have lost. I just can’t imagine and acquision that makesenseful.Yet 16 guys with very high IQs and energetic people entered into that game. I think it is madness. It is produced by an over reliance to some extent on things. Those guys would tell me back at Salomon; a six Sigma event wouldn’t touch us. But they were wrong. History does not tell you of future things happening. They had a great reliance on mathematics. They thought that the Beta of the stock told you something about the risk of the stock. It doesn’t tell you a damn thing about the risk of the st ock in my view.Sigma’s do not tell you about the risk of going broke in my view and maybe now in their view too.But I don’t like to use them as an example. The same thing in a different way could happen to any of us, where we really have a blind spot about something that is crucial, because we know a whole lot of something else. It is like Henry Kauffman said, “The ones who are going broke in this situation are of two types, the ones who know nothing and the ones who know everything.” It is sad in a way. I urge you. We basically never borrow money. I never borrowed money even when I had $10,000 basically, what difference did it make. I was having fun as I went along it didn’t matter whether I had $10,000 or $100,000 or $1,000,000 except that I had a medical emergency come along.I was going to do the same things when I had a little bit of money as when I had a lot of money.If you think of the difference between me and you in terms of how we live, we wear the same clothes basically (SunTrust gives me mine), we eat similar food—we all go toMcDonald’s or better yet,Dairy Queen, and we live in a house that is warm in winter and cool in summer. We watch theNebraska(football) game on big screen TV. You see it the same way I see it. We do everything the same—our lives are not that different. The only thing we do is we travel differently. I travel on my private plane and I love it. But it takes money. But if you leave the other side, if you leave this, our life is the same other than trouble. Think about it. Think that what can I do that you can’t do? I get to work in a job that I love, but I have always worked at a job that I loved. I loved it just as much when I thought it was a big deal to make $1,000. I urge you to work in jobs that you love. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume.I was with a fellow at Harvard the other day who was taking me over to talk. He was 28 and he was telling me all that he had done in life, which was terrific. And then I said, “What will you do next?” “Well,”he said, “Maybe after I get my MBA I will go to work for a consulting firm because it will look good on my resume.” I said, “Look, you are 28 and you have been doing all these thi ngs, you have a resume 10 times than anybody I have ever seen. Isn’t that a little like saving up sex for your old age? There comes a time when you ought to start doing what you want. Take a job that you love. You may change on it, just like you will jump out of bed in the morning.When I first got out of Columbia Business School, I wanted to go to work for Graham immediately for nothing. He thought I was over-priced. But I kept pestering him. I sold securities for three years and I kept writing him and finally I went to work for him for a couple of years. It was a great experience. But I always worked in a job that I loved doing. You really should take a job that if you were independently wealthy that would be the job you would take. You will learn something, you will be excited about, and you will jump out of bed. You can’t miss. You may try something else later on, but you will get way more out of it and I don’t care what the starting salary is. When you get out of here take a job you love, not a job you think will look good on your resume. You ought to find something you like. If you think you will be happier getting 2x instead of 1x, you are probably making a mistake.You ought to find sth that you like and it works. You will get in trouble if you think making 10x or 20x will make you happier because then you will borrow money when you shouldn’t or cut corners on things. It just doesn’t make sense and you won’t like it when you look back.Question: What makes a company something that you like?B uffett: I like businesses that I can understand. Let’s start with that. That narrows it down by 90%. There are all types of things I don’t understand, but fortunately, there is enough I do understand. You have this big wide world out there and almost every company is publicly owned. So you have all American business practically available to you. So it makes sense to go with things you can understand. I can understand this, anyone can understand this (Buffett holds up a bottle of CocaCola). Since 1886, it is a simple business, but it is not an easy business.I don’t want an easy business for competitors. I want a business with a moat around it. I want a very valuable castle in the middle and then I want the Duke who is in charge of that castle to be very honest and hard working and able. Then I want a moat around that castle. The moat can be various things: The moat around our auto insurance business, Geico, is low cost.People have to buy auto insurance so everyone is going to have one auto insurance policy per car basically. I can’t sell them 20, but they have to buy one. I can sell them 1. What are they going to buy it on? (based on what criteria?) They (customers) will buy based on service and cost. Most people will assume the service is identical among companies or close enough. So they will do it on cost. So I have to be a low cost producer--that is my moat. To the extent that my costs are further below the other guy, I have thrown a couple of sharks into the moat. All the time you have this wonderful castle, there are people out there who are going to attack it and try to take it away from you. I want a castle I can understand, but I want a castle with a moat around it. Kodak柯达30 years ago, Eastman Kodak’s moat was just as wide as Coca-Cola’s moat. I me an if you were going to take a picture of your six-month old baby and you want to look at that picture 20 years from now or 50 years from now. And you are never going to get a chance—you are not a professional photographer—so you can evaluate what is going to look good 20 or 50 years ago. What is in your mind about that photography company (Share of Mind) is what counts. Because they are promising you that the picture you take today is going to be terrific 20 to 50 years from now about something that is very important to you. Well, Kodak had that in spades 30 years ago, they owned that. They had what I call share of mind. Forget about share of market, share of mind. They had something—that little yellow box—that said Kodak is the best. That is priceless. They have lost some of that. They haven’t lost it all.It is not due to George Fisher. George is doing a great job, but they let that moat narrow. They letFuji come and start narrowing the moat in various ways. They let them get into the Olympics and take away that special aspect that only Kodak was fit to photograph the Olympics. So Fuji gets there and immediately in people’s minds, Fuji becomes more into parity with Kodak.You haven’t seen that with Coke; Coke’s moat is wider now than it was 30 years ago.You can’t see the moat day by day but every time the infrastructure that gets built in some country that isn’t yet profitable for Coke that will be 20 years from now. The moat is widening a little bit. Things are, all the time, changing a little in one direction or the other. Ten years from now, you will see the difference. Our managers of the businesses we run, I have one message to them, and we want to widen the moat. We want to throw crocs, sharks and gators—I guess—into the moat to keep away competitors. That comes about through service, through quality of product, it comes about through cost, some times through patents, and/or real estate location. So that is the business I am looking for.Now what kind of businesses am I going to find like that? Well, I am going to find them in simple products because I am not going to be able to figure what the moat is going to look like for Oracle, Lotus or Microsoft, ten years from now. Gates is the best businessman I have ever run into and they have a hell of a po sition, but I really don’t know what that business is going to look like ten years from now. I certainly don’t know what his competitors will look like ten years from now. I know what the chewing business will look like ten years from now. The Internet is not going to change how we chew gum and nothing much else is going to change how we chew gum. There will lots of new products. Is Spearmint or Juicy Fruit going to evaporate? It isn’t going to happen. You give me a billion dollars and tell me to go into the chewing gum business and try to make a real dent in Wrigley’s. I can’t do it. That is how I think about businesses. I say to myself, give me a billion dollars and how much can I hurt the guy? Give me $10 billion dollars and how much can I hurt Coca-Cola around the world? I can’t do it. Those are good businesses. Now give me some money and tell me to hurt somebody in some other fields, and I can figure out how to do it.So I want a simple business, easy to understand, great economics now, honest and able management, and then I can see about in a general way where they will be ten (10) years from now. If I can’t see where they will be ten years from now, I don’t want to buy it. Basically, I don’t want to buy any stock where if they close the NYSE tomorrow for five years, I won’t be happy owning it. I buy a farm and I don’t get a quote on it for five years and I am happy if the farm does OK. I buy an apartment house and don’t get a quote on it for five years, I am happy if the apartment house produces the returns that I expect. People buy a stock and they look at the price next morning and they decide to see if they are doing well or not doing well. It is crazy. They are buying a piece of the business. That is what Graham—the most fundamental part of what he taught me. You are not buying a stock, you are buying part ownership in a business. You will do well if the business does well, if you didn’t pay a totally silly price.That is what it is all about. You ought to buy businesses you understand. Just like if you buy farms, you ought to buy farms you understand. It is not complicated.Incidentally, by the way, in calling this Graham-Buffett, this is pure Graham. I was very fortunate. I picked up his book (The Intelligent Investor) when I was nineteen; I got interested in stocks when I was 6 or 7. I bought my first stock when I was eleven. But I was playing around with all this stuff—I had charts and volume and I was making all types of technical calculations and everything. Then I picked up a little book that said you are not just buying some little ticker symbol, that bounces around every day, you are buying part of a business. Soon as I started thinking about itthat way, everything else followed. It is very simple.So we buy businesses we think we can understand. There is no one here who can’t understand Coke………….. (end of first side.) If I was teaching a class at business school, on the final exam I would pass out the information on an Internet company and ask each student to value it. Anybody that ga ve me an answer, I’d flunk (Laughter). I don’t know how to do it. But people do it all the time; it is more exciting.If you look at it like you are going to the races--that is a different thing--but if you are investing…. Investing is putting out money to be sure of getting more back later at an appropriate rate. And to do that you have to understand what you are doing at any time. You have to understand the business. You can understand some businesses but not all businesses.Question: You covered half of it which is trying to understand a business and buying a business. You also alluded to getting a return on the amount of capital invested in the business. How do you determine what is the proper price to pay for the business?Buffett: It is a tough thing to decide but I don’t want to buy into any business I am not terribly sure of. So if I am terribly sure of it, it probably won’t offer incredible returns. Why should something that is essentially a cinch to do well, offer you 40% a year? We don’t have huge returns in mind, but we do have in mind not losing anything.We bought See’s Candy in 1972, See’s Candy was then selling 16 m. pounds of candy at a $1.95 a pound and it was making 2 bits a pound or $4 million pre-tax. We paid $25 million for it—6.25 x pretax or about 10x after tax. It took no capital to speak of. When we looked at that business—basically, my partner, Charlie, and I—we needed to decide if there was some untapped pricing power there. Where that $1.95 box of candy could sell for $2 to $2.25.If it could sell for $2.25 or another $0.30 per pound that was $4.8 on 16 million pounds.Which on a $25 million purchase price was fine.We never hired a consultant in our lives; our idea of consulting was to go out and buy a box of candy and eat it. What we did know was that they had share of mind in California. There was something special. Every person in Ca. has something in mind about See’s Candy and overwhelmingly it was favorable. They had taken a box on Valentine’s Day to some girl and she had kissed him. If she slapped him, we would have no business. As long as she kisses him, that is what we want in their minds. See’s Candy means getting kissed. If we can get that in the minds of people, we can raise prices.I bought it in 1972, and every year I have raised prices on Dec. 26th, the day after Christmas, because we sell a lot on Christmas. In fact, we will make $60 million this year. We will make $2 per pound on 30 million pounds. Same business, same formulas, same everything--$60 million bucks and it still doesn’t take any capital. And we make more money 10 year s from now. But of that $60 million, we make $55 million in the three weeks before Christmas. And our company song is: “What a friend we have in Jesus.” (Laughter). It is a good business.Think about it a little. Most people do not buy boxed chocolate to consume themselves, they buy them as gifts—somebody’s birthday or more likely it is a holiday. Valentine’s Day is the single biggest day of the year. Christmas is the biggest season by far. Women buy for Christmas and they plan ahead and buy over a two o r three week period. Men buy on Valentine’s Day. They are driving home; we run ads on the Radio. Guilt, guilt, guilt—guys are veering off the highway right and left. They won’t dare go home without a box of Chocolates by the time we get through with them o n our radio ads. So that Valentine’s Day is the biggest day. Can you imagine going home on。
巴菲特英文简介
巴菲特英文简介巴菲特，全球著名的投资商。
从事股票、电子现货、基金行业。
下面是店铺给大家整理的巴菲特英文简介，供大家参阅!巴菲特简介Warren Buffett (August 30, 1930 -), male, August 30, 1930 was born in Omaha, Nebraska, the world's leading investors. Engaged in stock, electronic spot, the fund industry.September 22, 2016, Bloomberg Global 50 most influential people list, Warren Buffett ranked ninth. In October 2016, in the "Forbes" magazine released the annual "US 400 Rich List", Warren Buffett ranked third. December 14, 2016, won the "2016 most influential CEO" honor. March 21, 2017, in the "Forbes 2016 Global Rich List", Warren Buffett ranked second.巴菲特个人经历LearnIn 1941, just entered the 11-year-old, he jumped into the stock and bought the first stock of his life.In 1947, Warren Buffett entered the University of Pennsylvania for financial and business management. But he felt that the professor's short theory is not fun, two years later transferred to the University of Nebraska Lincoln, a year received a bachelor's degree in economics.1950 Buffett applied for Harvard University was shut out, admitted to the Columbia University business school, apprentice in the famous investment theory writer Benjamin Graham. Under the door of Graham, Buffett was in the water.Graham opposed speculation, advocating the analysis of the company's profitability, asset situation and future prospects and other factors to evaluate the stock, he taught Buffett's richknowledge and know-how.In 1951, 21-year-old Buffett received a master's degree in economics from Columbia University. When he graduated, he got the highest A +.MarriageIn 1952, Buffett and Susan Thompson married, both of their parents are years old friends. When studying at Northwestern University, Susan and Buffett's sister, Roberta, lived in the same dormitory. When Buffett visited her and offered her to marry her, Susan left the university and married him. Mrs. Buffett grew up only one and a half blocks away from Buffett's home.CauseIn 1957, Buffett set up a non-binding Buffett investment club, the funds reached $ 300,000, but rose to $ 500,000 at the end of the year.In 1962, Buffett Partner's capital reached $ 7.2 million, of which 1 million belonged to Buffett's individual. When he merged several partner companies into a "Buffett Partner Limited". The minimum investment to expand to 100,000 US dollars. The situation is a bit like China's private equity fund or private investment company.In 1964, Buffett's personal wealth reached $ 4 million, and this time he was in charge of funds up to $ 22 million.In the spring of 1966, the US stock market was bullish, but Buffett was restless, and despite his soaring stock, it was hard to find cheap stocks that matched his criteria.In October 1967, Buffett was in charge of $ 65 million.In 1968, Buffett's stock made its best in history: an increase of 46%, while the Dow Jones index increased by 9%. Buffett's funds rose to $ 100 million, of which $ 25 million was owned byBuffett.May 1968, when the stock market all the way triumph, Buffett has informed the partner, he would retire. Subsequently, he gradually cleared the Buffett partner company's almost all the stock.June 1969, the stock market down, gradually evolved into a stock market crash, to May 1970, each stock should be lower than the previous year, 50%, or even more.Between 1970 and 1974, the US stock market was like a leaked ball, without a trace of anger, sustained inflation and low growth so that the US economy into the "stagflation" period. However, once lost Buffett was secretly pleased, because he saw the financial resources will come from rolling - he found too much cheap stock.In 1972, Buffett was eyeing the newspaper industry, because he found a brand-name newspaper, as if there is a bridge of fees, any passengers have to stay to buy money. Beginning in 1973, he secretly in the stock market eroded "Boston Universal" and "Washington Post", his involvement in the "Washington Post" profits increased by an average annual growth of 35%. 10 years later, Buffett invested 10 million US dollars to appreciate the two billion.In 1980, he used 120 million US dollars to 10.96 US dollars per share price, buy Coca-Cola 7% of the shares. By 1985, Coca-Cola changed the business strategy, began to withdraw funds, put into the beverage production. Its stock price has risen to 51.5 US dollars, turned 5 times. As for how much, the number can make the world's investors staggering.In 1992, Buffett bought a stock of 435 million US high-tech defense industry - General Dynamics, for $ 74, and rose to $ 113by the end of the year. Buffett had $ 321 million worth of $ 41 million in six months ago.At the end of 1994 has developed into a $ 23 billion Berkshire industrial kingdom, it is no longer a spinning mill, it has become a huge investment in Buffett's financial group. From 1965 to 1998, Buffett's stock increased by an average of 20.2% per annum, higher than the Dow Jones index of 10.1 percentage points. If in 1965, he invested $ 10,000 in Buffett's company, and by 1998 he would receive a return of $ 4.33 million, that is, if he chose Buffett 33 years ago, who would have gotten the fortune rocket.In March 2000, Buffett became honorary president of the RCA Registered Chartered Analysts Association.Since 2000, Buffett through online auction of the way for the grid to fund the fundraising. The reserve price of 50,000 US dollars starting to get the opportunity to dinner with Buffett.In June 2006, Buffett announced the donation of 10 million shares of Berkshire Hathaway B shares to the Bill and Melinda Gates Foundation's plan, which is the largest charitable donation ever in the United States TheOn the evening of March 1, 2007, Berkshire Hathaway, the flagship company, Warren Buffett, announced its 2006 fiscal year results, and the data showed that The company's main insurance business was profitable, Berkshire's 2006 profit rose 29.2%, profit of $ 11.02 billion (up from $ 8.53 billion in the same period in 2005); earnings per share of 7144 The dollar ($ 5338 in 2005).From 1965 to 2006, the average annual growth rate of Berkshire's net assets reached 21.46%, with an increase of 361156%. The average annual growth rate of the S & P 500 Index was 10.4% and the cumulative growth rate was 6479 %.SickOn April 17, 2012, Warren Buffett of the United States sent a letter to its shareholders, Berkshire Hathaway, saying he was diagnosed with prostate cancer, but he was still optimistic in the letter Not bad, the doctor said his disease "there is no life at present."Buffett on April 17 announced his suffering from a prostate cancer, the US President Barack Obama on April 18 to call Buffett to express condolences. White House press secretary Jay Carney said Obama was giving a brief call when he learned of Buffett's suffering from prostate cancer, and the president wished him all the best.81-year-old Buffett said in a letter to shareholders of Berkshire Hathaway on April 17 that he was diagnosed with cancer at the 11th day of medical examinations, and he described himself as "energetic" If any health abnormalities, will report to the shareholders in a timely manner.According to the American Cancer Society, a prostate cancer, if not diffused, survives nearly 5% of patients after 5 years of treatment.巴菲特人物成就Personal wealthWarren Buffett in 2011 to net assets of 50 billion US dollars ranked Forbes list third.2013 Warren Buffett with net assets of $ 53.5 billion, ranked fourth in the Forbes list.March 1, 2016, Forbes announced the global richest list, Warren Buffett personal wealth of 60.8 billion US dollars ranked third.Into ChinaJanuary 24, 1996, "Shanghai Securities News" published inChina's earliest introduction of Buffett's investment ideas of the article "securities investment giant - Warren Bu Fei", Warren Bu Fei is "stock" Warren Buffett was The translation of the name. The author of the article is Professor Sun Di.Financial forumUS debt defaultUS debt default has become a global market to talk about the discoloration of the topic, but in the rating of Moody's, this is still a small probability event."The Treasury Department is unlikely to pay due Treasury bonds," said Moody's chief executive Raymond McDaniel. "I hope the debt ceiling will increase on the 17th, but if not, I think the Treasury will continue to honor its commitments."Today, the United States democracy, the Republican Party "war" has been burned to the US debt, October 17, 2013, the United States will usher in the debt ceiling test."This (if the US debt default) is like a nuclear bomb explosion, the consequences are simply unimaginable." Buffett last week in the "Fortune" magazine interview said.EconomyBuffett said there is no doubt that the global economy is slowing, but the United States is slightly better than Europe.At the same time, Buffett also said the US housing market has been rotated, with the housing market recovery, housing-related companies will benefit, such as furniture and carpet industry. Buffett revealed that he took advantage of Wells Fargo shares fell, in the past week to buy more of the stock. In the past month, Wells Fargo shares fell more than 3%.As of June 30, 2013, Berkshire Hathaway reported that it held more than 411 million shares worth nearly $ 14 billion. Buffettsaid it was not enough and would continue to buy.Buffett believes that the bank is still a very good industry, but the bank crisis before the credit crisis is not profitable. Buffett said he was interested in buying some of the company's prospects in 2012, when two potential $ 20 billion acquisitions were blown by price issues.Berkshire Hathaway has $ 40 billion in cash, but the price is unreasonable, and Berkshire Hathaway will not join the bid. He plans to target a $ 6 billion financial company, but he does not mention that it is a potential acquisition.Buffett reiterated his long-held view that the stock market is the best funding for investment, and expressed confidence in IBM's long-term prospects.In 2011, Berkshire Hathaway bought about $ 11 billion in IBM shares, and Buffett said it would also jiacang to that level. As for Berkshire Hathaway holding another big stock Procter & Gamble, Buffett admitted that in recent years the profitability is really poor.But Buffett praised the chairman and chief executive officer Bob McDonald is an outstanding figure. MacDonald's leadership is popular today. Buffett said Berkshire Hathaway had sold some Procter & Gamble stock.Buffett also expressed strong support for Federal Reserve Chairman Ben Bernanke's third term, saying that Bernanke's job was excellent, and that no one was better qualified for the Fed's position. Buffett believes that if the president made an invitation, Bernanke will agree to re-election.However, Buffett said he was worried about the Fed's expanding balance sheet. His intuition should be against the Fed's QE3 economic stimulus plan. At the same time, Buffett believes that the United States is very likely in the short term outof the financial cliff risk.Taxation point of viewAugust 2011, the famous US investor Warren Buffett local time on the 15th that the richest Americans should pay more income tax, to improve the country's financial situation to contribute.Buffett said in the "New York Times" entitled "stop pet super rich" article said that the poor and middle-class Americans in Afghanistan for the country to fight, and such a rich but still enjoy Special tax concessions. One of the main manifestations of the distribution of injustice is that the capital is too much in the distribution, and that the labor is too much in the distribution.Buffett's 15th in the New York Times article is thoughtful. The title of the article is "stop spoiled the rich", the signs directly to the rich. Some people will say that Buffett is not deliberately to please President Obama, non-also, whether it is wealth or age, he does not need to please anyone and any power. This is Buffett's consistent style and thought. This passage is equally worthy of the richness of the Chinese people.巴菲特。
巴菲特简介
Thank you
袁红淼 1011240101 护理二本1班
Buffett's introduction
Name:Warren E. Buffett Chinese name:沃伦·巴菲特 Gender: male Nationality: The United States Date of birth: August 30, 1930 Place of birth: In the United States in Omaha, Nebraska Education: Master's degree Graduate school:Wharton school, Columbia University undergraduate course Net valuesoftbank： Us $62 billion (2007) Motto：Thought dry up, and how is born blarney
Buffett's classic sayings
My success is not the source and high IQ, I think the most important thing is rational. I always put the IQ and to compared to the power of the engine, but output power, also is the working efficiency is depends on a ratiears old when he at home in the home put stall in selling gum. In high school, except by the school to do the newsboy outside, he and partner billiard ball game partnership will lease to barber's boss, earn take a little extra cash. In 1941, have just crossed 11 years old, and he GuHai jump a body, and purchase the first share in all his life. In 1951, the age of 21 buffett won the Columbia University economic master's degree. Graduation of time, he won the highest A +.
以巴菲特作为我的明星写一篇作文英语
以巴菲特作为我的明星写一篇作文英语My idol is not a star who sings and dances in front of a TV screen, nor a sports figure, but a "famous investment master" in the United States.He can often be seen in the US stock market. He started from scratch and helped his partners in joint ventures, until in an investment case, he was cheated by the seller and bought in a large number, and accidentally became the chairman of the company, he is " Warren. Buffett ". I admire him for the lifelong experience he got when he first bought a stock; treating him with integrity and treating his friends as treasures.Buffett has a great influence on me, let me the idea of investment finance completely changed, since ten years to see after pass, I began to have the idea of savings, until now, the formation of the habit of three years, let me in the bank account has a small amount for me, I also tell these good methods to relatives and friends, don't know if they also like me, there are a lot of people to earn money by savings. Now, Ialso know to buy things to shop around, just do not suffer; can not see the like things to buy, so have good financial methods, also can not increase the money.In 2006, Buffett donated two-thirds of his company shares to charity. As a financial manager, he is also a philanthropist, not everyone is admirable! There are so many successful people in the world, but so few people can be exemplary like Warren Buffett. His achievements and cultivation are indeed role models for the world.。
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He always wears expensive clothes, very like to eat hamburgers, French fries(炸薯条), and cherry(樱桃) Coke
Buffett also long time online playing bridge, he loved golf, handball and tennis sports, like playing the four string guitar.
D.Don't go on brand name; just wear those things in which u feel comfortable. (別走入名 牌的迷思,穿你覺得舒服的服飾即可.)
E.Don't waste your money on unnecessary things; just spend on them who really in need rather. (與其把錢花在不必要的事情上,倒不如 把錢花在真正需要的地方.)
➢ If a business does well, the stock eventually follows.
➢ It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
As a ordinary person
Although buffett is very rich, but he is still living in this house.
The house was bought with $31500 in 1958 .
Buffett live in this house more than half a century
慈善家
➢ Rule No.1: Never lose money.
Rule No.2: Never forget rule No.1.
➢ I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Chinese Zhao danyang would pay $2.11 million, and on June 24, 2009 formally eating into "". 2010 buffett a lunch auction out, someone willing to $1.68 million
• While still in high school, he carried out several successful moneymaking ideas: delivering newspapers, selling golf balls and stamps.
Mid-life
Buffett ‘s wedding ceremony susan
1. He bought his first share at age 11 and he now regrets that he started too late
2. He bought a small farm at age 14 with savings from delivering newspapers
Investors all over the world recognize the name of Warren Buffett. He is widely regarded as one of the most successful investors in the world, who is often called the “legendary（传奇） investor, Warren Buffett”
I’m 80 year old
As a Businessman
• There is not doubt that he is very successful as a businessman.
•In 2008 he was
ranked by Forbes as the richest person in the world with an aseets about US$62 billion .
in 1962,he combine with several companies that open with his partner made it be a big companies
Early Life
• Even as a child, Buffett displayed an interest in making and saving money. He went door to door selling chewing gum（口香 糖）, Coca-Cola（可乐） , or weekly magazines.
As a philanthropist(慈善家)
➢Announced to give away part of his fortune to charity In June 2006
➢In 2009, he donated billions of dollars to charity
In 2006, Buffett donate some $37 billion to five charitable foundations（慈善基金 会）. The largest recipient (receiving some $31 billion) will be The Bill & Melinda Gates Foundation.
Old age life
Four string guitar might is favourite thing outside of work.
Buffett play his best four string guitar at the event, as BYD(比亚迪 ) entertainment.
A.Money doesn't create man but it is the man who created money. (錢是人創造出來的,但是 錢不會創造人.)
B.Live your life as simple as you are. (過你自 己想過的簡單生活吧!)
C.Don't do what others say, just listen them, but do what you feel good (別人說的話聽聽 可以,但不一定要照做,做你自己覺得很棒的事.)
3. He got Master's degree of economic in Columbia at Nhomakorabeaage 21
In 1956 ,he come back his hometown, he persuaded some friends and relatives jointly invested set up " Buffett companies “