第二组巴菲特之好品质课题.ppt

Buffett’s valuable qualities 1. Independent personality: “You have to think for yourself. It always amazes me how high-IQ people mindlessly imitate. I never get good ideas talking to other people.” 你必须独立思考。我常常惊讶于：一些智商极高的人在市场上无意识的跟随大众，和这些人聊天对于我毫无益处。 What effects his decisions is only the decision methods. At any time, his decisions are made under independence, which often scare his investors. 2. Rational mind: He always said that when others become crazy, you should keep calm, while others are cold, you should be hot.当其他所有人都开始疯狂的时候，你应该选择冷静；而当其他所有人都冷静的时候，你应该选择疯狂。 For example: he refused to buy stocks in the booming 1960s, only to strike gold in the plummeting 1970s. 3. prescience For example: he stay away from the dotcom boom in the 1990s while others are crazy to invest this field who lose much after internet bubble. 4. concentration: Quotations: when a parachute only has 50% chance to be opened, who will choose this one?当降落伞只有50%成功打开概率的时候，谁会选择用这个降落伞呢？ He always makes 100% investment. And he never spends a cent on what he is not interested in. He only believe in what he is familiar with. 5. Integrity and Honesty: ?In looking for someone to hire, you look for three qualities: integrity, intelligence, and energy. But the most important is integrity because if they dont have that, the other two qualities, intelligence and energy, are going to kill you. 在你雇佣人之前，你需要确认他的三项素质：正直诚实，聪明能干，精力充沛。但是最重要的是正直诚实，因为如果他不正直诚实而又具备了聪明能干和精力充沛，你的好日子也就到头了。 His money is clean, and he never is greed. He loves to make money and enjoy that process. Actually, he use a little money. Due to his integrity an honesty, he has many partners and investors and money. 6. frugality: “The reason why I become the richest man in the world is that I spend less.”我之所以成为世界首富是因为我花的少。 For instance: He lives in the modest home that he bought it in unfashionable Omaha, Nebraska, in 1958, which is today valued at about ￡350,000