Tag: 巴菲特

  • 淺談巴菲特投資概念●2.總體經濟與市場預測

    淺談巴菲特投資概念●2.總體經濟與市場預測

    We make no attempt to predict how security markets will behave; successfully forecasting short term stock price movements is something we think neither we nor anyone else can do. In the longer run, however, we feel that many of our major equity holdings are going to be worth considerably more money than we paid…
    ———Warren Buffett’s Letters to Berkshire Shareholders, 1978.

    (more…)

  • 淺談巴菲特投資概念●1.投資與投機

    淺談巴菲特投資概念●1.投資與投機

    We think the very term “value investing” is redundant.  What is “investing” if it is not the act of seeking value at least sufficient to justify the amount paid?  Consciously paying more for a stock than its calculated value – in the hope that it can soon be sold for a still-higher price – should be labeled speculation (which is neither illegal, immoral nor – in our view – financially fattening).
    ———Warren Buffett’s Letters to Berkshire Shareholders, 1992. (more…)