这一篇是关于生意模式的经典论述,值得背诵下来!
最好的生意:不投入或者很少的投入就可以产生现金流;
次好的生意:再投入的资金可以产生很好的现金流回报;
最差的生意:为了不被淘汰不断的投入现金,直到被淘汰。
最好的生意是给你赚的钱越来越多,而你不需要任何再投入,或者只需要很少的再投入去赚这些钱,我们有一些这样的生意。
The best business is one that gives you more and more money every year without putting up anything to get it, or very little. And we’ve got some businesses like that.
第二好的生意也会给你越来越多的钱,也需要很多再投入,但你的再投资的回报率也非常令人满意。
The second-best business is a business that also gives you more and more money. It takes more money, but the rate at which you invest — reinvest — the money to get that growth is a very satisfactory rate.
最糟糕的生意是你被迫加大投入的生意,为了不被淘汰,你以非常低的回报率重新投资资本,有时人们在做这些生意而不自知。
The worst business of all is the one that grows a lot, and where you’re forced — forced, in effect — forced to grow to stay in the game at all, and where you’re reinvesting the capital at a very low rate of return. And sometimes people are in those businesses without knowing about it.
真的很赞啊。
我们打算购买公司的时候,这些公司不会因为有现金流而获得我们的信任,它们只会因为每年剩下的净现金而获得我们的信任。
买一本万利的生意。
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芒格:
沃伦在很久以前就说过,好生意和坏生意之间的区别通常是,好生意会做出一个又一个简单的决定,而坏生意会给你很难作出决定的可怕选择。
生意模式经典阐述,值得背诵,深入骨髓!
最好的生意是给你赚的钱越来越多,而你不需要任何再投入,或者只需要很少的再投入去赚这些钱,我们有一些这样的生意。
最好的生意是给你赚的钱越来越多,而你不需要任何再投入,或者只需要很少的再投入去赚这些钱,我们有一些这样的生意。
The best business is one that gives you more and more money every year without putting up anything to get it, or very little. And we’ve got some businesses like that.