伯克希尔·哈撒韦 1994 年致股东信

The problem is not that what has worked in the past will cease to work in the future. To the contrary, we believe that our formula - the purchase…

A fat wallet, however, is the enemy of superior investment results. And Berkshire now has a net worth of $11.9 billion compared to about $22…

We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago,…

But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the…