王冠亚

王冠亚

译有《巴菲特的嘉年华》《比尔·米勒投资之道》《超越巴菲特的伯克希尔》。

他的全部讨论

讨论

回复@黎子_: 当时伯克希尔B股的价格也超过3000美元,对于普通投资者而言仍然属于天价,拆股后有利于方便更多中小投资者。另外,此前伯克希尔由于股价高,流动性不足,一直没有被吸纳为标普500指数成分股。B股拆分后,伯克希尔成为标普500指数成分股。//@黎子_:回复@王冠亚:谢谢冠亚老师的分享,现...

讨论

巴菲特致股东的信原文精读Day352:
原文:Late last year Berkshire’s stock price crossed $10,000. Several shareholders have mentioned to me that the high price causes them problems: They like to give shares away each year and find themselves impeded by the tax rule that dra...

讨论

巴菲特致股东的信原文精读Day351:
原文:Meanwhile, true turnover in Berkshire stock (excluding inter-dealer transactions, gifts and bequests) probably runs 3% per year. Thus our owners, in aggregate, are paying perhaps 6/100 of 1% of Berkshire’s market value annually for ...

讨论

鲁迅先生曾说:“一切好诗,到唐已被作完。”不同于网络上对名人名言的牵强附会,这句话真的是鲁迅说的。现代人写诗再难超越唐诗,是因为一个时代有一个时代的主题,比如宋词、元曲、明清小说,都是一朝一代的文化巅峰。我们生活的时代,同样出现了难以超越的一代“股神”——沃伦·巴菲特。化用开...

讨论

回复@淡事: sixteen and two third//@淡事:回复@王冠亚:不知道怎么读[捂脸]

讨论

巴菲特致股东的信原文精读Day350:
原文:Contrast the hyperactive stock with Berkshire. The bid-and-ask spread in our stock currently is about 30 points, or a little over 2%. Depending on the size of the transaction, the difference between proceeds received by the seller of...

讨论

回复@Xue_W: 恭喜小雪,相信小雪连续打满365天没问题的!外界的环境我改变不了,但希望在我们的小气候里,能让认真的人得到认真的结果。我不会提前说,大家如何做就能得到礼品,这样的目的性太强了;大家遵从自己的内心,坚持做正确的事,总是会有意想不到的小惊喜的[大笑]//@Xue_W:回复@王冠亚:惊...

讨论

巴菲特致股东的信原文精读Day349:
原文:All that makes for a rather expensive game of musical chairs. Can you imagine the agonized cry that would arise if a governmental unit were to impose a new 16⅔% tax on earnings of corporations or investors? By market activity, inves...

讨论

巴菲特致股东的信原文精读Day348:
原文:For example, consider a typical company earning, say, 12% on equity. Assume a very high turnover rate in its shares of 100% per year. If a purchase and sale of the stock each extract commissions of 1% (the rate may be much higher on ...

讨论

打开邮箱,找到了一封伯克希尔5K健康跑的邮件,5公里,31分钟完赛,算是一个正常人的正常水平,留个纪念吧!

讨论

巴菲特致股东的信原文精读Day347:
原文:We will try to avoid policies that attract buyers with a short-term focus on our stock price and try to follow policies that attract informed long-term investors focusing on business values. just as you purchased your Berkshire share...

讨论

巴菲特致股东的信原文精读Day346:
原文:Were we to split the stock or take other actions focusing on stock price rather than business value, we would attract an entering class of buyers inferior to the exiting class of sellers. Would a potential one-share purchaser be bett...

讨论

回复@布马丷: 不会啊,芒格不就经常给巴菲特提建议么?要善于区分:什么是善意的建议,什么是自动抬杠的ETC[大笑]//@布马丷:回复@王冠亚:大师兄早~我一直有个疑问,这样会导致听不到不同的声音而错失宝贵的建议吗?
查看图片{查看图...

讨论

巴菲特致股东的信原文精读Day345:
原文:Investors possessing those characteristics are in a small minority, but we have an exceptional collection of them. I believe well over 90%—probably over 95%—of our shares are held by those who were shareholders of Berkshire five ye...

讨论

回复@巨馍蘸酱好吃: 所以客户别总觉得自己是甲方就肆无忌惮。拥有甲方的资格,却能够主动摆出乙方的姿态,这样的人才是最厉害的。//@巨馍蘸酱好吃:回复@王冠亚:今天来晚啦,哈哈。谢谢大师兄分享[太阳][献花花]对,我们做生意也是这样,都愿意跟合得来的客户多做点,而不愿意和那些整天为了点鸡毛...

讨论

回复@susansan: 是的,学习就是“书勾书”、“知识带出知识”的过程。从一点出发,再延伸到另一点,这些点逐渐连成线,并最终织成网,也就构建出了我们的知识体系。//@susansan:回复@王冠亚:打卡343
跟着冠亚老师学习,可以开阔视野。每天都有需要进一步去了解的内容。例如:今天这个“阿斯特...

讨论

巴菲特致股东的信原文精读Day344:
原文:In large part, however, we feel that high quality ownership can be attracted and maintained if we consistently communicate our business and ownership philosophy—along with no other conflicting messages—and then let self selection f...

讨论

巴菲特致股东的信原文精读Day343:
原文:If the holders of a company’s stock and/or the prospective buyers attracted to it are prone to make irrational or emotion-based decisions, some pretty silly stock prices are going to appear periodically. Manic-depressive personaliti...

讨论

巴菲特致股东的信原文精读Day342:
原文:B. Stock Splits and the Invisible Foot
We often are asked why Berkshire does not split its stock. The assumption behind this question usually appears to be that a split would be a pro-shareholder action. We disagree. Let me tell...

讨论

巴菲特致股东的信原文精读Day341:
原文:With more than a year behind him of trading Berkshire’s stock on the New York Stock Exchange, our specialist, Jim Maguire of Henderson Brothers, Inc. (“HBI”), continues his outstanding performance. Before we listed, dealer spreads...