点评：这又是关于投资到哪里的话题，举个简单的例子，如果你家住海边，去赶海时在收获相同的条件下当然去离家最近的海滩，即使收获不同还要考虑时间、路费成本。巴菲特在投资上相对固执，正是这种固执成就了今天是事业，这实际是执着。巴菲特在海外投资基本是小额投资，并且仅限在中国（中石油、比亚迪）、日本（五大商社）、韩国（浦项）、以色列（伊斯卡是以色列一家金属加工工具制造商）等少数国家，即使对欧洲也不热衷，他认为欧洲国家讲着不同的语言、有着截然不同的 财政状况，对他们来说要想在国家自治和共同利益间找到平衡将非常艰难。
巴菲特说寄希望伯克希尔第二幕中（第二代领导人）会在世界版图上有所作为，普通投资者都要思考一下，自己的主场在哪里呢？什么是自己最擅长的投资领域？
提问者：亲爱的沃伦、格雷格和阿吉特，感谢你们的邀请。你们的教诲不仅让我们成为更好的投资者，更重要的是，让我们成为更好的人。谢谢你们。我叫拉吉夫·阿加瓦尔，来自新泽西州。我经营着一家专注于印度的基金，名为 Do Darshi India Fund。我的问题与印度有关。印度经济和印度股市在过去 5 年、10 年、20 年里表现相当不错。它是第五大经济体，未来几年将成为第三大经济体。我的问题是，伯克希尔是否在积极寻找印度股市的机会，以及什么能让你在那里买到有意义的东西？谢谢。
沃伦·巴菲特：是的。嗯，这是一个非常好的问题。显然，印度，你知道，我相信在印度这样的地方有很多机会。问题是，我们在了解这些业务或背景方面是否有任何优势，这将使一些交易成为可能，而印度各方可能特别希望我们参与其中。我想说，伯克希尔更有活力的管理层可以追求这一点，因为我们确实有声誉。现在，伯克希尔是知名的，不是在美国，而是在世界各地。你知道，我们在日本的经验在这方面非常吸引人。所以在这个领域可能存在未被开发或未被关注的机会。我不是做这件事的人，但这可能是未来的机会。机会是有的。问题是，伯克希尔在实际追求这些机会方面是否有某种优势，特别是相对于那些使用他人资金的人，他们根据管理的资产或类似的东西获得报酬。我的意思是，游戏中有很多人在购买和经营与我们理念不同的企业。我的意思是，无论发生什么，他们都会变得富有，他们的报酬可能是基于他们购买了多少，而不是他们购买了什么。所以我们将看看伯克希尔的下一任管理层如何玩这个游戏。幸运的是，你不用等太久。总的来说，我感觉还好，但我对精算表了解一点，我只是……好吧，我想说的是，在这个你无法确定四年后会在哪里的时代，我不应该像这个世界上的许多人一样签订任何四年的雇佣合同。好吧。但你说得完全正确，如果你精力充沛，有办法成为买家或人们特别想与之做生意的一方。日本很棒，印度也可能很棒，但印度和日本不一样。我的意思是，我不太能适应不同的文化，有些人真的很擅长，几乎任何人都比我强。但我偶然遇到了一两种，但这可能会发生在伯克希尔哈撒韦的第二幕中。贝基。
Questioner: Dear Warren, Greg and Ajit, thank you for having us. Your teachings have not only made us better investors, but more importantly, better people. Thank you for that. My name is Rajiv Agarwal, and I am from New Jersey. I run an India focused fund called Do Darshi India Fund. My question is related to India. Indian economy and Indian equities have done quite well in the last 5, 10, 20 years. It is the fifth largest economy and will be the third largest in the next few years. My question is, is Berkshire actively looking for opportunities in the Indian equity market and what will allow you to buy anything meaningful there? Thank you.
Warren Buffett: Yeah. Well, that’s a very good question. And obviously India, you know, I’m sure there are loads of opportunities in a place like India. And the question is, do we have any advantage in either insights into those businesses or contexts, it will make possible some transaction that might what the parties in India would particularly want us to participate. I would say that that’s something that a more energetic management at Berkshire could pursue, because we do have the reputation. Now, Berkshire is known, not like it’s known in the United States, but it’s known around the world. And, you know, our Japanese experience has been fascinating in that respect. So there may be an unexplored or unattended to opportunity in that area. I’m not the one to do it, but that may be something that in the future, it might be opportunities. There are opportunities. The question is, does Berkshire have some kind of advantage in actually pursuing those opportunities against, particularly against people that are using other people’s money, that where they get paid based on assets managed or something of this sort. I mean, there are plenty of people in the game who are buying and running businesses that do not really have our philosophy. I mean, they’re going to get rich no matter what happens, and their payment may be based on how much they buy rather than what they buy. So we’ll see how the next management plays the game out at Berkshire. Fortunately, you don’t have too long to wait on that. Generally, I feel fine, but I know a little bit about actuarial tables, and I just. Well, I would say this. I shouldn’t be taking on any four year employment contracts like several people doing in this world in an age where you can’t be quite that sure where you’re going to be in four years. Okay. But you’re absolutely right about, if you were energetic, had some way to become a buyer or a party that people particularly wanted to do business with. Japan was great, and India could be great, but India and Japan aren’t the same. I mean, I don’t adapt myself terribly well to different cultures, and some people are really good at it, and almost anybody’s better than I am. But I stumbled into one or two, but that could happen in act two of Berkshire Hathaway. Becky.