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冠亚老师心得
巴菲特推动伯克希尔不断走向壮大的三大法宝：内生性增长&外延式并购；购买优质公司的股票；回购自家公司的股票。其中，回购是最简单的方式。因为无论是并购还是购买别家公司的股票，都涉及到对外部企业的评估。而巴菲特对伯克希尔知根知底，判断估值的准确性更高。
元宝翻译
The three key strategies that Buffett has used to drive the continuous growth of Berkshire Hathaway are: organic growth & acquisitive mergers; purchasing stocks of high-quality companies; and repurchasing shares of the company itself. Among these, repurchasing is the simplest method. This is because both mergers and acquisitions as well as purchasing stocks of other companies involve evaluating external enterprises. Buffett, having a thorough understanding of Berkshire Hathaway, can make more accurate valuation judgments.查看图片