伯克希尔哈撒维2009年股东大会的一句话!_孔浩-价值投资者

http://blog.sina.com.cn/u/1235693352

首页博文目录关于我

个人资料

微博

加好友发纸条

写留言加关注

博客等级：
博客积分：

博客访问：
关注人气：
获赠金笔：0支
赠出金笔：0支
荣誉徽章：

正文字体大小：大中小

伯克希尔哈撒维2009年股东大会的一句话!

(2009-11-20 17:29:13)

标签：

音乐

of

and

ceo

伯克希尔

股票

伯克希尔哈撒维2009年股东大会的一句话

Munger: We don’t want an investment manager who thought he could jump into cash due to macroeconomic factors and then jump back [into stocks].

芒格：我们不想让这样的人担任投资经理，他认为可以因为宏观经济因素而把股票变现，然后在某个时间再把股票买回来。

Buffett: We would exclude any such person.

巴菲特：我们会排除任何一个这样做的人。

备注：

    page 9
    Carol Loomis asked a question from an individual in New York City, who
wanted toknow how the four investment managers “in the wings”to eventually

replace
    Buffett
    performed in 2008. How would Buffett rate these managers? Are all four still
on the list?
    Buffett: All four are still on the list of candidates. There are three candidates for the CEO position—all are internal candidates—and four possibilities for the investment manager—inside and outside Berkshire—one or more could be chosen. It’s up to the board. The CEO will come from inside. The [investment head candidates] did no better than match the S&P 500’s decline of 37% in 2008. They didn’t cover themselves in glory, but I didn’t either.
    Munger: Every investment manager that I know of who I regard as intelligent
and successful—they all got creamed last year.
   Buffett: All four have better than average long-term records—modestly to
significantly better than average over the past 10 years, and I suspect [they] will be better over the next 10 years. There were a lot of things that didn’t work last year. I did not change the list [of candidates]. If I dropped dead tonight, the board knows who the new CEO would be. The choice of the new investment manager will be made in consultation with the new CEO. The investment management position is not so critical [time-wise].
    Munger: We don’t want an investment manager who thought he could jump into
cash due to macroeconomic factors and then jump back [into stocks].
    Buffett: We would exclude any such person.

阅读┊ 收藏 ┊ 喜欢 ▼ ┊打印┊举报/Report

前一篇：凌通谈复利：僵化的复利得不偿失！

后一篇：凌通谈复利：僵化的复利得不偿失（二）!

新浪BLOG意见反馈留言板　欢迎批评指正