巴菲特投资理念有哪些？英文双语对照

巴菲特的十大投资理念

1、找到杰出的公司。

巴菲特的第一个投资原则是“找到杰出的公司”。这个原则基于这样一个常识，即一个经营有方，管理者可以信赖的公司，它的内在价值一定会显现在股价上。所以投资者的任务是做好自己的“家庭作业”，在无数的可能中找出那些真正优秀的公司和优秀的管理者。

巴菲特总是青睐那些经营稳健、讲究诚信、分红回报高的企业，来最大限度地避免股价波动，确保投资的保值和增值。而对于总想利用配股、增发等途径榨取投资者血汗的企业一概拒之门外。

2、少就是多。

巴菲特的第二个投资原则是“少就是多”。他的理由同样是基于一个常识：买的股票越多，你越可能购入一些你对其一无所知的企业。通常你对企业了解越多，你对一家企业关注越深，你的风险越低，收益就越好。

3、把大赌注压在高概率事件上。

巴菲特的第三个原则是“把大赌注压在高概率事件上”。也就是说，当你坚信遇到大好机会时，唯一正确的做法是大举投资。这也同样基于一个常识：当一个事情成功的可能性很大时，你投入越多，回报越大。绝大多数价值投资者天性保守。但巴菲特不是。他投资股市的620亿美元集中在45只股票上。他的投资战略甚至比这个数字更激进。在他的投资组合中，前10只股票占了投资总量的90%。

4、要有耐心。

巴菲特的第四个原则是“要有耐心”，就是说：不要频频换手，直到有好的投资对象才出手。他有一个说法，就是少于4年的投资都是傻子的投资，因为企业的价值通常不会在这么短的时间里充分体现，你能赚到的一点钱也通常被银行和税务瓜分。有人曾做过统计，巴菲特对每一只股票的投资没有少过8年的。巴菲特常引用传奇棒球击球手特德威廉斯的话:"要做一个好的击球手，你必须有好球可打。"如果没有好的投资对象，那么他宁可持有现金。据晨星公司统计，现金在伯克希尔哈撒韦公司的投资配比中占18%以上，而大多数基金公司只有4%的现金。

5、不要担心短期价格波动。

巴菲特的第五个原则是“不要担心短期价格波动”。他的理论是：既然一个企业有内在价值，他就一定会体现出来，问题仅仅是时间。世界上没有任何人能预测出什么时间会有什么样的股价。事实上，巴菲特从来不相信所谓的预测，他唯一相信的是，也是我们能够把握的是对企业的了解。

他购买股票的基础是：假设次日关闭股市、或在五年之内不再重新开放。也就是对公司的未来有着绝对的信心。在价值投资理论看来，一旦看到市场波动而认为有利可图，投资就变成了投机，没有什么比赌博心态更影响投资。

6、稳中求胜。

巴菲特的投资哲学首要之处是：记住股市大崩溃。就是说，要以稳健的策略投资，确保自己资金不受损失，并且要永远记住这一点。其次，让自己资金以中等速度增长。巴菲特投资目标都是具有中等增长潜力的企业，并且这些企业被认为会持续增长。投资股市时，为自己顶下合理的长期平均收益率是成功的基础。巴菲特在这方面做得相当出色，他对自己要求并不过高，只要他每年击败道·琼斯指数5个百分点足以。

对那些一心想马上做大的人，巴菲特提醒：“如果你是投资家，你会考虑你的资产——即你的企业会怎样。如果你是投机家，你主要预测价格会怎样而不关心企业。”同样，一个“企业家”会埋头打造自己的企业，而一个“商人”则更关注企业的价格。对我们大部分人来说，老老实实做“企业家”，成功的概率要比一个包装、买卖企业的“商人”更大。

7、简单、传统、容易。

在别人眼里，股市是个风险之地，但在巴菲特看来，股市没有风险。“我很重视确定性，如果你这样做了，风险因素对你就没有任何意义了。股市并不是不可捉摸的，人人都可以做一个理性的投资者。”

巴菲特还说：“投资的决定可用六个字概括，即简单、传统、容易。”从巴菲特的投资构成来看，道路、桥梁、煤炭、电力等传统资源垄断型企业占了相当份额，这类企业一般是外资入市购并的首选，同时独特的行业优势也能确保效益的平稳。

8、永远不许失败。

巴菲特说投资的原则其实很简单，第一条，不许失败;第二条，永远记住第一条。因为如果投资一美元，赔了50美分，手上只剩一半的钱，除非有百分之百的收益，否则很难回到起点。

9、“一鸟在手，胜过百鸟在林”。

巴菲特引用古希腊《伊索寓言》中的这句谚语，再次阐述了他的投资理念。在他看来，黄金白银最实际，把钱押在高风险的公司上，不过是一厢情愿的发财梦。2000年初，网络股高潮的时候，巴菲特却没有购买。那时大家一致认为他已经落后了，但是现在回头一看，网络泡沫埋葬的是一批疯狂的投机家，巴菲特再一次展现了其稳健的投资大师风采，成为最大的赢家。

10、不迷信华尔街，不听信谣言巴菲特不迷信华尔街，不听信谣言。

他认为凡是投资的股票必须是自己了如指掌，并且是具有较好行业前景的企业。不熟悉、前途莫测的企业即使被说得天花乱坠也毫不动心。他只选择那些在某一行业长期占据统治地位、技术上很难被人剽窃并有过良好盈利记录的企业。至于那些今天不知道明天怎么样的公司，巴菲特总是像躲避瘟疫一样躲开他们。

Concept of 10 large investment

1, find crackajack company.

Principle of the first investment is " find crackajack company " . This principle is based on a such common sense, namely a management in the right way, the company that controller can trust, regular meeting shows its intrinsic value to go up in share price. So the task of investor is to had done his " homework " , those truly preeminent companies and outstanding controller are found out in countless likelihoods.

Buffett always favors those are managed dovish, exquisite the company with high redound of sincere letter, share out bonus, come to utmost ground avoid share price wave motion, ensure of investment maintain value and rise in value. And match to always wanting to use, the enterprise without exception that adds the sweat and toil of way extort investor such as hair close the door on.

2, little it is much.

Principle of the 2nd investment is " little it is much " . His reason is to be based on a common sense likewise: Bought share is more, you purchase a few companies that you tell to having place firstly more possibly. You are normally more to company knowledge, you are deeper to an industry attention, your risk is lower, gains is better.

3, control large stake on high probability incident.

The 3rd principle of Buffett is " control large stake on high probability incident " . That is to say, be certain when you when encountering auspicious opportunity, exclusive and right way is to invest in a large-scale. This is based on a common sense as much: When the possibility that succeeds when a thing is very large, your investment is more, redound is bigger. Nature of investor of great majority value is conservative. Dan Bafei is not especially. He invests the 62 billion dollar of the stock market to be centered on 45 stocks. His investment strategy compares this figure even more radical. In his investment combination, 90% what before 10 stocks occupied investment gross.

4, should have patience.

The 4th principle of Buffett is " should have patience " , that is to say: Do not change a hand again and again, till the investment that has had the object just moves. He has a view, it is little the investment that the investment at 4 years is fool, because the value of the enterprise won't be normally in so short time,reflect adequately, you can a bit money of gain also is divided up by bank and duty Wu normally. Somebody ever had made count, buffett does not have what pass less 8 years to the investment of each stocks. Buffett often cites legend baseball batsman Tedeweiliansi's word: " should do a good batsman, you must have good shot to be able to be hit. If " does not have good investment boy or girl friend, so he would rather hold cash. According to daystar company statistic, the investment that in Baikexierhasa Wei Gong manages distributes ready money 18% above are occupied in comparing, and the ready money that most fund company has 4% only.

5, not afraid and short-term value is fluctuant.

The 5th principle of Buffett is " not afraid and short-term value is fluctuant " . His theory is: Since an enterprise has intrinsic value, he comes out now with respect to regular meeting put oneself in another's position, the problem is time merely. There is anybody on the world can dope can have what kind of share price. In fact, buffett does not believe so called forecast, what he believes exclusively is, also be the understanding that what we can hold is pair of enterprises.

The foundation that he buys a share is: Hypothesis morrow closes the stock market, or in 5 years in open afresh no longer. Having absolutely hope to the future of the company namely. In value investment looks theoretically, once see the market,fluctuate and think profitable, investment grew a speculation, compare gamble state of mind without what more the influence invests.

6, firm in strive for victory.

The part with investment first philosophy of Buffett is: Remember the stock market breaks down greatly. That is to say, want to invest with dovish strategy, ensure him capital does not suffer lose, and want remember this forever. Next, let him capital grow with moderate rate. Target of investment of Ba Fei spy is the company that has moderate growth potential, and these enterprises are thought can grow continuously. When investing the stock market, be his to carry next reasonable long-term and average yield on the head is successful foundation. Buffett is done quite outstandingly in this respect, he is tall to his asking not to pass, want him to beat Dao Jones every year only index 5 percent enough.

Want to do old person immediately to those of one mind, ba Fei reminds especially: "If you are investment home, the capital fund that you can consider you -- namely your enterprise is met how. If you are congenial home, you basically forecast the price to meet how and do not care an enterprise. " same, " entrepreneur " can immerse oneself in the company that makes oneself, and " businessman " the price that pays close attention to an enterprise more. For major to us person, conscientiously is done " entrepreneur " , successful probability should be packed than, of business company " businessman " bigger.

7, simple, traditional, easy.

In people look, the stock market is the ground of a risk, but look in Buffett, the stock market does not have a risk. "I take determinism seriously very much, if you were done so, risk element does not have any meanings to you. The stock market is not cannot of ascertain, everybody can do a rational investor. Everybody can do a rational investor..

Buffett still says: "The decision of investment can be generalized with 6 words, namely simple, traditional, easy. " form from Buffett's investment in light of, forestall enterprise occupied the traditional resource such as road, bridge, coal, electric power to comparative portion, this kind of enterprise is foreign capital commonly be bought into city and first selection, at the same time unique industry dominant position also can ensure of benefit smooth.

8, must not fail forever.

The principle that Buffett says to invest actually very simple, the first, must not fail; the 2nd, remember the first forever. Because if invest one dollar, compensate 50 cent, on the hand the money of remnant half, unless have 100 percent profit, return start very hard otherwise.

9, " one bird is in hand, surpass lark to be in forest " .

Buffett cites Gu Xila " Aesop's Fables " this medium adage, elaborated his investment concept again. Look in him, gold silver is the actualest, attend money sign in the company of high risk, do not cross be one's own wishful thinking to get rich dream. At the beginning of 2000, network climax when, buffett was not bought however. Everybody thinks he had lagged behind consistently in those days, but look later now, what network bubble buries is a batch of mad congenial homes, buffett showed elegant demeanour of its dovish investment Great Master again, become the biggest win the home.

10, do not have blind faith in wall street, not Ba Fei of rumor of believe what one hears does not have blind faith in wall street especially, not rumor of believe what one hears.

He thinks the stock that always invests must be him know sth like the palm of one's hand, and be have the company of better industry foreground. Although the company that not familiar, future not surveys is said so that give an extravagantly colourful description also one'ses mind disturbed none. The company that he chooses those to hold regnant position, technology for a long time to go up to be had very hard to cross good profit to record by person piracy in some industry only. Do not know today as to those tomorrow how company, buffett always resembles avoiding plague to sheer them euqally.