1.Leverage is addictive, and once you& #39;ve benefited from it, it& #39;s hard to go back to the old ways of proceeding with caution.

杠杆会使人上瘾，一旦你从中获益，就很难回到谨慎行事的老路上去。

2.The thing about the business we& #39;re in is that I won& #39;t let any of you down in the long run, but in the short run I& #39;m likely to make you put up with negative results.

我们从事的生意的特点是，长期而言我不会让你们任何人失望，但是短期我则有可能让你们忍受负面的结果。

3.When the stock market plunges, I check more carefully to see what& #39;s worth buying, and I know it& #39;s easier to get a good deal and put my money to good use when it plunges.

股市大跌的时候，我更仔细地查看有什么值得买的，我知道大跌的时候更容易买到好货，更容易把钱用好。

4.We usually find the best entry opportunities by taking advantage of certain historical events that occur when pessimism reaches its peak.

我们通常都是利用某些历史事件发生，悲观气氛到达顶点时，找到最好的进场机会。

5.Any business "castle" that earns high returns is subject to repeated attacks by competitors. Therefore, an impenetrable barrier is fundamental to the continued success of a business.

任何能赚去高额回报的生意“城堡”，都会受到竞争者重复不断的攻击。因此，一道难以逾越的屏障才是企业获得持续成功的根本。

6.Any environment that stimulates you to fool around, stay away.

任何刺激你瞎折腾的环境，都要远离。

7.Those best deals, at first, by the numbers, will almost always tell you not to buy.

那些最好的交易，一开始，从数字上看，几乎都会告诉你不要买。

8.In stock investing, we expect a desirable return on every investment as we concentrate our funds in the stocks of a few companies that are financially sound, have a strong competitive advantage, and are staffed by managers of exceptional ability and honesty.

在股票投资中，我们期望每一笔投资都能有理想的回报，因为我们会把资金集中投资在几家财务状况良好、具有较强竞争优势、并由具有非凡能力、诚实可信的管理者组成的公司的股票上。

9.With enough inside information and a million dollars, you could probably go broke in just one year.

只要有足够的内幕消息，再加上一百万美元，你可能只要一年就能破产。

10.You don& #39;t need to wait until the stock price bottoms out to get in and buy the stock; the price of the stock you& #39;re buying must be lower than its true value anyway.

不需要等到股价见底时再进场买股票，反正你买的股票价格一定低于它的真实价值。

以上内容为巴菲特经典语录整理

由数字人巴菲特播报

本视频由七华软件用人工智能技术生成