“Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world are the ones who do.”
笔记： 会计中对于下属股权公司的记账方式有3种： 持股50%以上，全部并入 持续20%--50%，则按持股比例并入 持股20%以下，则以实际收到的利润返还，计入报表 这种会计方式，会导致伯克希尔旗下，不少的企业，未能暴露实际的收益情况 对伯克希尔而言，对盈余的认定并非取决于持股比例是100%，50%，20%，5%或是1%，盈余的真正价值在于其将来再投资所能产生的效益 我们宁愿将所赚的盈余继续交由不受我们控制的人好好发挥，也不希望转由我们自己来浪费 高通货膨胀等于是对投入的资本额外课了一次税 翻译： https://xueqiu.com/6217262310/131837878 https://archive.ph/XMX5n 原文： Buffett’s Letters To Berkshire Shareholders 1980 巴菲特致股东的信 1980 年 Operating earnings improved to $41.9 million in 1980 from $36.0 million in 1979, but return on beginning equity capital (with securities valued at cost) fell to 17.8% from 18.6%. We believe the latter yardstick to be the most appropriate measure of single-year managerial economic performance. Informed use of that yardstick, however, requires an understanding of many factors, including accounting policies, historical ca...