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自巴菲特1965年开始管理伯克希尔.哈撒韦公司以来,公司每股净值由当初的19美元一度增长到55800美元,其年复合增长率接近21%,远超过同期的标准普尔指数。巴菲特本人多年来在《福布斯》全球富豪榜上,也一直稳居前三名。本文对巴菲特的投资经验进行了总结并进行实际运用,旨在说明:投资时本金的安全是首要的;评价企业的标准应该放在企业累积现金的能力上。
Since Buffett began managing Berkshire Hathaway in 1965, its net worth per share has risen from $ 19 to $ 55,800 a share at a CAGR of nearly 21%, well above the S & P index of the same period. Buffett himself over the years in the “Forbes” list of the world’s richest man, has also been ranked top three. This article summarizes Buffett’s investment experience and put it into practical use. The purpose of this article is to show that the security of principal is essential when investing, and the criteria for evaluating an enterprise should be placed on the ability of the enterprise to accumulate cash.