[{"data":1,"prerenderedAt":1849},["ShallowReactive",2],{"library-ba-fei-te-2009nian-dui-hua-liu-suo-shang-xue-yuan-xue-sheng":3,"library-sidebar-buffett":312,"library-sidebar-dao":1315,"library-sidebar-models":1617},{"id":4,"title":5,"body":6,"category":298,"date":299,"description":300,"extension":301,"meta":302,"navigation":303,"order":304,"path":305,"seo":306,"seoDescription":300,"seoTitle":307,"slug":308,"stem":309,"__hash__":310,"_collection":311},"buffett\u002Fbuffett\u002Finterview\u002Fba-fei-te-2009nian-dui-hua-liu-suo-shang-xue-yuan-xue-sheng.md","巴菲特：2009年对话六所商学院学生",{"type":7,"value":8,"toc":293},"minimark",[9,13,18,22,28,31,34,37,45,48,51,54,57,60,63,66,71,78,85,88,91,94,97,103,109,112,119,126,129,132,138,141,144,151,154,157,163,166,169,172,175,178,181,184,187,190,193,196,202,205,208,211,217,220,223,226,229,232,235,241,248,254,257,260,263,270,273,276,281,284,287,290],[10,11,5],"h1",{"id":12},"巴菲特2009年对话六所商学院学生",[14,15,17],"h2",{"id":16},"巴菲特对话六所商学院学生2009","巴菲特：对话六所商学院学生2009",[19,20,21],"p",{},"2009 年2 月6 日",[23,24,25],"blockquote",{},[19,26,27],{},"来自Emory 大学Goizueta 商学院等六所商学院的学生前来奥马哈拜访巴菲特并参与问答环节。我尽可能根据回忆和其他学生的笔记去重现所听到的对话。我不能保证记录完全准确，但我将尽力保留神韵。",[19,29,30],{},"巴菲特：你们听说今年的华尔街圣诞庆典都取消了吗？他们甚至找不出三个聪明人和一个处女…",[19,32,33],{},"市场有时效率很低，而现在就是其中之一。现在有很多投资机会。",[19,35,36],{},"Kansas 大学：伯克希尔投资了几家保险公司，你会进入健康险业务吗？",[19,38,39,40,44],{},"巴菲特：不会。",[41,42,43],"strong",{},"健康险业务非常依赖国家政策，这是一个艰难的行业，竞争很激烈","。从商业的角度，我不怎么看好它，我不喜欢高贷款损失率的保单。话虽如此，但如果健康险业务被低估，我还是愿意买进。",[19,46,47],{},"保险是一个很有趣的行业。你知道，我们为MikeTyson 承保了两年的人寿保险。我希望在保单中增加一条免赔条款，就是假如泰森被女性枪杀，我们将不予赔付。不过，他们没有同意。",[19,49,50],{},"South Dakota 大学：你最近投资了高盛和通用电气，现在是买进金融板块的时机吗？",[19,52,53],{},"巴菲特：除非你理解这个行业，否则不管什么行业你都不应该买进。不过我相信，现在在金融业中有很好的价值和很大的机会，因为现在金融业正遭受冷落。该不该买进不是看行业，而是看公司是否被低估。",[19,55,56],{},"**你们知道如何评估公司的价值，预测未来的现金流折现值，然后在留足安全边际的前提下买进，预期的利润要大于当前的利润。不受追捧的东西总是值得去研究的。**假如我现在刚从学校毕业，我会先去研究一下。",[19,58,59],{},"Creighton 大学：风险因素在你的投资决策中有何影响？你向新兴市场投资吗？",[19,61,62],{},"巴菲特：总的来说，因为我需要投资的金额很大，所以我对新兴市场不怎么感冒。",[19,64,65],{},"风险不等于β系数，风险来自于你对某件事理解不透彻，而不是因为β系数。",[19,67,68],{},[41,69,70],{},"在我得到一个点子的时候，我通常使用十个过滤器来筛选。最重要的一点是，我是否能够理解这个业务，并理解其不利的影响。我很少有损失达到净值的1%的时候。我可能是风险厌恶者，但是我不是行动厌恶者。",[19,72,73,74,77],{},"B 夫人花了16 年积攒了500 美元，创办了内布拉斯加家具商场。IBM 的老汤姆·沃森(Tom Watson Sr)说，我不是天才。",[41,75,76],{},"但我在某些领域很聪明，而且我就待在这些地方","。我只在我有自信的市场投资。当我在1983 年买进内布拉斯加家具商场的时候，B 夫人只接受现金而不愿意要伯克希尔的股票。为什么呢？因为她不理解股票的价值。她理解现金，所以她就拿了现金**。我不需要几千个投资点子，只要做对几个点子就足够了。**",[19,79,80,81,84],{},"泰德·威廉斯写了本《The Science of Hitting》(击球的科学)，他把打击区划分成92 个球形区。他知道，假如在甜蜜区击球，他能打出43%，假如有点偏离一点，他只能打出35%。",[41,82,83],{},"你必须知道自己的甜蜜区在哪里。投资的魅力在于，这是一个\"想挥棒才挥的游戏\"，而不像棒球，球来了你就得挥棒。投资中我不想挥棒，就可以不挥棒","。",[19,86,87],{},"当我进行投资的时候，我不在意股价会不会从10 美元变成2 美元，我在意的是企业价值会不会从10 美元变成2 美元。",[19,89,90],{},"要避免上杠杆。我很早就下了决定，我绝不会使负债超过我的净值的25%，除了在刚起步的时候，我从来没有超过这个值。",[19,92,93],{},"我喜欢在有利的条件下下注。我总是试图让赔率对我有利。当我去拉斯维加斯的时候，我不会花5 美元去玩 21 点。假如有人走进我的房间白送我5 美元，那倒不错。我喜欢胜率更高一些的游戏。",[19,95,96],{},"Emory 大学：你对价值是怎么看的？",[19,98,99,100],{},"巴菲特：价值的公式是公元前600 年一位名叫伊索的人传下的：一鸟在手胜过二鸟在林。投资就是用一只在手的鸟，来换取树林里的两只或更多的鸟。关键是，专注于你喜欢的树林，弄明白得到林中鸟要花多长时间。",[41,101,102],{},"当利率是20%的时候，你就得立即抓到林中鸟。当利率是1%的时候，你10 年后抓鸟也无妨。要思考资产最终会产出什么。要专注于资产本身，而不是什么β系数。",[19,104,105,106],{},"我真的不关心波动性，股价对我来说不重要。股价波动正好给我机会以划算的价格买进。就算他们让纽交所休市5 年，我也不在乎。我更关心业务本身而不是事件。",[41,107,108],{},"我关心公司的产品是否有价格弹性(提价能力)，以及公司能不能获得更多的市场份额，人们喝可乐是不是更多了。",[19,110,111],{},"20 年前，我以每英亩600 美元的价格从FDIC 处拍卖了一座农场(巴菲特买了500 亩农场给大儿子耕种)。我现在对农业依然一无所知，但是我的儿子懂。我问他，买种耕作以及收获玉米的生产成本是多少，每英亩的产出是多少，预期的玉米价格是多少。在20 年里，我一直都没得到过这个农场的报价。",[19,113,114,115,118],{},"假如我来教授商学院，我只会开设两门课程。",[41,116,117],{},"第一门当然是如何评估企业价值的投资课程。第二门课程是如何看待股市以及如何应对波动","。股市是很有趣的。没有人强迫你行动，而且一直都有一群傻瓜在给公司定价，所以你的胜率很高。我希望市场像一个狂躁抑郁的醉鬼。",[19,120,121,122,125],{},"在《聪明投资者》这本书的第8 章，格雷厄姆讲了一个市场先生的故事，这是我读过的最棒的故事。现在纽交所里面有几千家公司供你选择。对我来说，因为我投资规模太大，可选范围大大缩小了。",[41,123,124],{},"看待市场的态度远远比智商重要得多","。高智商的人也会陷入麻烦，你看LTCM 公司破产了。你们得有正确的哲学气质。",[19,127,128],{},"Penn 大学：你为什么投资哈雷·戴维森呢？(哈雷向BRK 定向发行5 年期3 亿美元优先债，年利率15%)",[19,130,131],{},"巴菲特：我喜欢它那15%的年利率。相比其他信贷，不管是相对还是绝对而言，15%的利率都极具吸引力。而且我们必须要在投资组合中配置一定量的债务组合。最近政府为一些公司提供担保，但不是所有的公司都能够得到。流动性是紧张还是富裕，不是取决于公司的信贷质量，而是取决于能否得到政府的救助。一些金融公司在获取资金方面存在问题，但在受顾客欢迎方面没有问题。",[19,133,134,137],{},[41,135,136],{},"任何一个能够让顾客把公司的名称纹在自己身上的公司，都具有非常强大的品牌","。对于这类投资，我不得不考虑到它们无法偿还债务的可能性。假如它们债务违约，我会想拥有这家公司吗？哈雷戴维森的股票不会一文不值。企业债券市场的风险溢价从极低的水平迅速攀升到极高的水平(定价暴跌)。现在的债券市场完全失控。另一方面，政府债券定价过高，政府债券中出现泡沫。现在的国债实际上是负利率。",[19,139,140],{},"我没想到居然会看到这样的情况。过去投资美国10 年期国债，居然回报率低的还不如直接把钱塞在床垫子下面。做多企业债券并做空10 年期国债，一直以来都是个好主意。而聪明人因为这么做，现在却濒临破产了(企债暴跌国债暴涨)，因为即使你判断正确，你也需要有能力抗住这种暴跌。我总是做最坏的打算。如果核弹爆炸，或者美联储主席伯南克带着帕丽斯·希尔顿(Paris Hilton 希尔顿集团继承人，演员)私奔去了南美，我会怎么办。",[19,142,143],{},"Texas 大学：你觉得美国的强权已经发生改变了吗？",[19,145,146,147,150],{},"巴菲特：",[41,148,149],{},"你可以做空美元，但是我绝不会做空美国的国运","。美国的体制使得这个国家能够比其他国家更多地释放人类的潜能，从1776 年起，美国的体制就和其他国家不一样了。美国人不是最聪明的，我们的资源也不是最多的，但不一样的美国体系却充分释放了人类的潜能。",[19,152,153],{},"今天，我们拥有相同的体制，拥有相似的智力。我也曾做空过美元和美股，但美国长期必将胜出。虽然我们会经过各种崎岖的道路，但是我们有法制、平等的机会，以及贤能的政府。我们有市场体系，人们投入精力和想象力创造出大众欢迎的产品。我们的潜力远远未完全开发出。",[19,155,156],{},"Kansas 大学：我知道你是很厉害的桥牌玩家，你认为桥牌和投资有关联吗？两者之间存在相通性吗？",[19,158,159,160],{},"巴菲特：桥牌是最好的游戏。你要根据每一次叫牌和出牌，还有已经打出的牌和尚未打出的牌去进行推理。它能教会你什么叫做合伙关系，以及其他的为人技巧。",[41,161,162],{},"在桥牌游戏中，你需要根据已有的一切信息进行推理，这种做法同样适用于投资。在桥牌游戏中，就像在生活中一样，虽然每次你抓到的牌都不一样，但历史具有借鉴意义。过去并不能决定未来，但你可以从这些经历中吸取教训。",[19,164,165],{},"我认为桥牌中的合伙关系是人生的重要课程。假如我要去打仗，我会希望有最好的搭档。我曾经和一位世界冠军搭档，对抗我的姐姐和姐夫，但我们输了，所以我吃下了计分纸。",[19,167,168],{},"South Dakota 大学：你对衍生品怎么看，你认为衍生品是如何影响全球市场的？",[19,170,171],{},"巴菲特：在2002 年的致股东信中，我称衍生品为\"大规模杀伤性武器\"。衍生品是一种保险产品，其结算时间很长，比如说100 年，这和股票可以在3 天内结算形成鲜明的对比。这种系统会导致公司积累巨额的保险赔付。在2008 年9 月AIG 打电话给我，告诉我它们的信用评级要被降级了，可能会被要求更高的保证金。AIG 是一家有几十年历史的公司，在48 小时内就被衍生品摧毁了。",[19,173,174],{},"使用衍生品，你就暴露在交易对手面前，因此你的命运就握在别人手里。这样的赔付慢慢会积累到几十亿美元，假如一家保险公司倒下，整个系统也会连锁倒下。衍生品本身不是邪恶的，我们需要正确地使用它们。对于金融系统来说，衍生品简直就是耗子药。虽然伯克希尔持有很多衍生品，不过我们总是持有大量现金以防万一。",[19,176,177],{},"Creighton 大学：你对刺激计划怎么看？你宁愿看到政府减税还是削减开支呢？",[19,179,180],{},"巴菲特：我们显然遭遇了重大问题，不过我们能够解决问题。有人也许认为刺激计划能够立即对经济产生影响，不过当前的提案是不会有快速效果的。当处理这种情况时，我们不能只做一件事，我们要不断地问自己，下一个要解决的问题是什么。我们已经动用了货币政策，而且对所有的一切都提供了保证。这是标准的凯恩斯处方。减税在短期内对各人的好处各不相同。减税就相当于是，大家不用为政府开支买单，而且政府还会寄给你钱，不过总比什么都不做要好。最后，你应该买进就连白痴也能管理好的公司的股票，因为有时候真的会有白痴登上宝座的。你知道，美国政府也是一样。",[19,182,183],{},"Emory 大学：你今天的观点和20 年前有何不同？你预期的2030 年最大的变化将是什么？",[19,185,186],{},"巴菲特：我在年轻时学习到的投资基础理论，到今天也没有改变。我很幸运，在19 岁时读了《聪明投资者》，学到了投资概念和投资决策的结构。随着时间的推移，我学会了不同的应用方法，我学到了能力圈之外的东西。我在1972 年收购了喜诗糖果，我认为我对品牌价值的理解，驱使我在1988 年做出买进可口可乐的决策。随着经验的增加，我在预测评估人类行为方面变得越来越聪明了。我的妻子是我在人类行为方面的导师。",[19,188,189],{},"我真的很喜欢做我所做的事情，我可以去做我想做的任何事情。我喜欢和大家这样聊天。Irv 和Ron Blumkin都是我的好朋友，而且在买进企业的过程中我还不断交到好朋友。我不想买游艇或豪宅。我已经活到了平均寿命，活一天赚一天了。不过年龄并不会影响我从事投资工作，和高尔夫球手Arnold Palmer 不一样，他老了可就不能再打球了。",[19,191,192],{},"Penn 大学：你对普通美国人有何建议呢？",[19,194,195],{},"巴菲特：给可能失业的人提建议不是一件容易的事情。我父亲在1931 年8 月13 日去上班时，发现他工作的银行倒闭了，他所有的钱都存在这家银行里，自然都打了水漂。他没有工作，没有钱，还有两个孩子。所以，你们要尽可能做好准备，不要负债。疾病会带来悲痛，信用卡债务比疾病更可怕。信用卡是毒药。假如你挣1 美元，花95 美分而不是1.05 美元，你就一直能够立于不败之地，而欠了债，再爬起来就不那么容易了。",[19,197,198,199],{},"假如你想一路顺风，你就要在做事情之前事先动动脑子。在事情进展顺利的时候，人们不一定喜欢听建议。",[41,200,201],{},"人们冒着失去自己一切的风险，去追求自己没有的或者根本并不需要的东西。查理曾说，\"问题不在于如何变富，而在于如何保持理智。\"",[19,203,204],{},"Texas 大学：美国面对的最大的挑战是什么？",[19,206,207],{},"巴菲特：最大的问题可能是大规模恐怖袭击。总有人不适应社会，想伤害其他人。1945 年，我们发明了核武器，这改变了一切。不过人类的动物本性没有改变，我们仍然有一定比例的人精神失常。问题在于这些人的知识、资源和交付能力。这种敌对意识的传染病的威力巨大。今天信息传播更快。政府、个人还有团体无法保证100%安全。假如我有办法，我愿意把所有的钱都投进去。坐在这里的每个人都中了我所说的卵巢彩票，我们生逢其时，非常幸运。我们人类中最幸运的1%。",[19,209,210],{},"Kansas 大学：在次级债危机中，美国财长保尔森犯了什么错误？",[19,212,213,214,84],{},"巴菲特：Hank Paulson 是一个伟大的人，也是一位很好的朋友。他在市场方面非常聪明，但是在政治方面就没那么聪明了。我很同情他。他不是总指挥，他得和至少535 个动机各异的人(国会议员)周旋。整个局势发展得非常快，超出所有人的想象。第一个TARP(问题资产援助计划)被否决，改变了市场形势。所有的变量都会互相影响。国会没有意识到问题有多么严峻。我将其称为2008 年9 月的\"经济上的珍珠港事件\"。罗斯福当年可是得到了一张空白支票可以随便填的，大家的想法很重要，信赖很重要。",[41,215,216],{},"保尔森要重建对金融系统的信心",[19,218,219],{},"在当时的情况下，保尔森要完成他的任务几乎是不可能的。他曾经在高盛银行工作，那里可不需要什么多数同意。担任公务员的人难免会遭遇不公正的攻击、批评和挑剔。我当一次事后诸葛亮，让雷曼兄弟破产可能不是正确的决定，但在当时很难判断。这导致了信任危机，随后货币市场基金崩溃了。当人们开始担心货币市场的资金问题时，这就是个大问题。当时人们想得到政府的定心丸，但这很容易重回老路。当人们认为花旗或雷曼是纸牌搭成的房子时……信任也就不复存在了。就好像诺亚在洪水到来之前建造方舟。你能想象大家对他的反应吗？",[19,221,222],{},"South Dakota 大学：你对美国的贸易逆差有何看法？",[19,224,225],{},"巴菲特：在2009 年8 月我和奥巴马有过一次谈话，我说，\"我有一个好消息和一个坏消息。好消息是经济会很糟糕，所以你肯定会当选。坏消息是，在你就职的时候，经济会更糟糕。\"奥巴马问道，\"现在重新选举是不是有点来不及了？\"贸易逆差摆在那里，它会导致问题，而且可能使局势恶化。不过，在我们解决最大的问题之前，要把所有的其他问题放在一边。",[19,227,228],{},"我们创办了主权财富基金，采购的产品和服务比世界上其他任何国家都多。油价下跌有助于降低贸易赤字，但是在每个人都感觉好起来之前，局势不会好转。每天我们买进的产品和服务超过出口20 亿美元。我们用美元向出口国付款。贸易赤字使美国背上了债务。有时候，我们有点虚伪。例如，三年前，中国想买Unocal 公司(一家小型石油公司)，国会谴责中国用我们付给他们的美元来收购这家石油公司。这有点虚伪。",[19,230,231],{},"贸易逆差产生了一种情况，我们向别人开了支票，而当别人想要使用这些支票的时候，我们感到不安。1980年代，日本买了洛克菲勒中心。难道日本人会把楼拆了搬回日本吗，那么为什么不开心呢？在核武器时代，煽动仇恨是不好的，这就是美国资产被别人收购的问题所在。在我们解决当前问题的时候，贸易赤字仍将大幅增加。",[19,233,234],{},"Creighton 大学：你为什么选择这样的生活？",[19,236,237,238],{},"巴菲特：你的意思是不是说，我为什么这么节俭？你买不到健康，也买不到爱。我可以参加任何一家我想参加的高尔夫俱乐部。我是奥古斯塔国家残疾人俱乐部的最高会员。比起去世界上最豪华的高尔夫球场，我宁愿在这里跟我喜欢的人打球。我可以做任何我喜欢做的事情，我喜欢什么就买什么。",[41,239,240],{},"我对汽车不感兴趣，我的目标不是叫别人嫉妒，不要把生活成本和生活标准混为一谈。",[19,242,243,244,247],{},"Bella Eidenberg 是波兰犹太人，她从奥斯威辛集中营生还，不过她的一些家人遭遇了不幸。20 年前，她说她在交朋友方面很困难，她心里一直都在问，\"假如在二战时，你会把我藏在你的家里吗？\"",[41,245,246],{},"假如你有很多会冒险收留你的朋友，那么你就拥有成功的人生。这是钱买不到的","。我认识一些人，身家几十亿美元，不过他们的孩子们说，\"他藏在阁楼里\"。",[19,249,250,251],{},"我估计我每年的生活费要10 万美元，除了我的飞机每年要花100-150 万美元。我喜欢这架飞机，飞机使我的生活更美好。我的电脑和飞机大大改变了我的生活，假如要我放弃其中的一个，我都不知道该如何选择。假如我拿出30 亿美元的伯克希尔股票，我可以雇3 万个画家，每人每年10 万美元薪水，专门负责给我画肖像。我可以雇5 万个人，每人每年6 万美元薪水，腰上围块布扮埃及人，搬运石头给我造一座巴菲特金字塔。不过这可不是我要的生活。",[41,252,253],{},"我认为我应该给我的孩子足够的帮助，让他们可以做任何事情，但不要太多，让他们无事可做。",[19,255,256],{},"Penn 大学：你对好银行、烂银行怎么看？",[19,258,259],{},"巴菲特：这很难做到，但是假如做到了，就能起到很大的效果。用\"整合银行\"的方法来处理烂银行，有很多过去的问题有待清理。在美国有七千家银行，状况各异，所以很难对其全面改革。他们正在努力解决的最大问题是如何给整合银行定价。有一些聪明、正直的人正在努力地试图解决问题。",[19,261,262],{},"Emory 大学：你对自己宽松的日程表很自豪。你是否认为美国企业的日程安排过密，太繁琐了？",[19,264,265,266,269],{},"巴菲特：(展示他的空白日程表)，比尔·盖茨的日程安排太密了。",[41,267,268],{},"我很幸运，我可以对任何事情说不","，因为没有什么组织可以用经济压力来迫使我就范。很多CEO 要参加很多仪式，这是他们工作的一部分。我宁可送报纸，也不愿意当通用电气的CEO。他们的事情太多了，真是痛苦。不要误解了我的意思。对我来说是痛苦，而那些CEO却很擅长对付这些。我猜想，财富500 强企业的CEO，就算给他们降薪50%，他们也干得很高兴。",[19,271,272],{},"伯克希尔旗下大约有76 位CEO，他们无需面对银行家和律师。在伯克希尔，我们从来不召集CEO 开会。我们没有演讲会，也没有委员会。这样他们可以变得更有效率。假如让他们专心做喜欢的事情，他们能做得更好。",[19,274,275],{},"Kansas 大学：成功经理人的三个特点是什么？",[19,277,146,278],{},[41,279,280],{},"激情是我在经理人身上最看重的东西。智商反而不是真的那么重要。他们需要能够很好的跟其他人合作，并有能力让别人做你派发给他们的任务。我认为这三个特点是：聪明(intelligence)、勤奋(energy)和正直(integrity)。如果他不正直，那既聪明又勤奋的经理人会害死你的，你得到的是一个努力工作的骗子。假如一个人不正直，还是又蠢又懒比较好。",[19,282,283],{},"假如你要把你未来收入的10%投在一个同窗身上，**你应该选那个最能和别人合作的人。**这些品质是可选择的。假如你可以选择一个同学进行做空，那么他就是大家都不愿与之共事的人。你可以选出你向往的那种人，看看你选出的两个人的品质(一个做多，一个做空)。其实，这些品质你自己也都有。这就像婚姻一样。**假如你想要一个能够持久的婚姻，那就该找一个期望值比较低的人结婚。不要记仇，记仇不能为你建立组织、组建家庭等等。**我从来没有和查理拌过嘴。",[19,285,286],{},"当我接管所罗门的时候，我要挑选最优秀的人来执掌它。我面试了12 个人，每人面试15 分钟，我问我自己，\"我愿意跟谁待在一个散兵坑呢？\"我从来不看成绩或者毕业院校。当我选中Deryck Maughan 的时候，他压根没有问过报酬或期权或保险之类的问题，他直接就去上班了。",[19,288,289],{},"**习惯的枷锁，开始的时候，它轻的难以察觉，直到后来，却重的无法摆脱。**至于选人方面，你们要想想在生活中应该怎样培养自己的习惯，才能使我选择你？",[291,292],"hr",{},{"title":294,"searchDepth":295,"depth":295,"links":296},"",2,[297],{"id":16,"depth":295,"text":17},"访谈与文章",null,"巴菲特接待六所商学院学生访问，分享投资理念与人生智慧，强调理性思考、长期主义与做热爱之事。","md",{},true,82,"\u002Fbuffett\u002Finterview\u002Fba-fei-te-2009nian-dui-hua-liu-suo-shang-xue-yuan-xue-sheng",{"title":5,"description":300},"巴菲特：2009年对话六所商学院学生｜巴菲特","ba-fei-te-2009nian-dui-hua-liu-suo-shang-xue-yuan-xue-sheng","buffett\u002Finterview\u002Fba-fei-te-2009nian-dui-hua-liu-suo-shang-xue-yuan-xue-sheng","xeObXvSsx4JQSf2lAAyyw28cVu7ZFeR1lK9wpldAPbc","buffett",[313,318,321,325,328,331,334,338,341,344,348,351,354,358,361,364,368,371,374,378,381,384,388,391,394,398,401,404,408,411,414,418,421,424,428,431,434,438,441,444,448,451,454,458,461,464,468,471,474,478,481,484,488,491,494,499,502,505,509,512,515,519,522,525,529,532,535,539,542,545,549,552,555,559,562,565,569,572,575,579,582,585,589,592,595,599,602,605,609,612,615,619,622,625,629,632,635,639,642,645,649,652,656,659,663,666,670,673,677,680,684,687,691,694,698,701,705,708,712,715,719,722,726,729,733,736,740,743,747,750,754,757,761,764,768,771,775,778,782,785,789,792,796,799,803,806,810,813,817,820,824,827,831,834,838,841,845,848,852,855,859,862,866,869,873,876,880,883,887,890,894,897,901,904,908,911,915,918,922,925,929,932,936,939,943,946,950,953,957,960,964,967,971,974,978,981,984,985,989,992,996,999,1003,1006,1010,1013,1017,1020,1024,1027,1031,1034,1038,1041,1045,1048,1052,1055,1059,1062,1066,1069,1073,1076,1080,1083,1087,1090,1094,1097,1101,1104,1108,1111,1115,1119,1123,1127,1131,1135,1139,1143,1147,1151,1155,1159,1163,1167,1171,1175,1179,1183,1187,1191,1195,1199,1203,1207,1211,1215,1219,1223,1227,1231,1235,1239,1243,1247,1251,1255,1259,1263,1267,1271,1275,1279,1283,1287,1291,1295,1299,1303,1307,1311],{"title":314,"slug":315,"category":316,"order":317},"1956 有限合伙协议","1956-you-xian-he-huo-xie-yi","致合伙人信",1,{"title":319,"slug":320,"category":298,"order":317},"巴菲特：1951年最看好的股票：GEICO 保险","ba-fei-te-1951nian-zui-kan-hao-de-gu-piao-geico-bao-xian",{"title":322,"slug":323,"category":324,"order":317},"1994年伯克希尔股东大会","1994nian-bo-ke-xi-er-gu-dong-da-hui","股东大会",{"title":326,"slug":327,"category":316,"order":295},"1957 巴菲特致合伙人信","1957-ba-fei-te-zhi-he-huo-ren-xin",{"title":329,"slug":330,"category":298,"order":295},"巴菲特：1953年我最看好的股票：西部保险","ba-fei-te-1953nian-wo-zui-kan-hao-de-gu-piao-xi-bu-bao-xian",{"title":332,"slug":333,"category":324,"order":295},"1995年伯克希尔股东大会","1995nian-bo-ke-xi-er-gu-dong-da-hui",{"title":335,"slug":336,"category":316,"order":337},"1958 巴菲特致合伙人信","1958-ba-fei-te-zhi-he-huo-ren-xin",3,{"title":339,"slug":340,"category":298,"order":337},"巴菲特：1957年我最看好的股票：人寿保险","ba-fei-te-1957nian-wo-zui-kan-hao-de-gu-piao-ren-shou-bao-xian",{"title":342,"slug":343,"category":324,"order":337},"1996年伯克希尔股东大会","1996nian-bo-ke-xi-er-gu-dong-da-hui",{"title":345,"slug":346,"category":316,"order":347},"1959 巴菲特致合伙人信","1959-ba-fei-te-zhi-he-huo-ren-xin",4,{"title":349,"slug":350,"category":298,"order":347},"巴菲特：1957年最看好的股票：油气资产管理公司","ba-fei-te-1957nian-zui-kan-hao-de-gu-piao-you-qi-zi-chan-guan-li-gong-si",{"title":352,"slug":353,"category":324,"order":347},"1997年伯克希尔股东大会","1997nian-bo-ke-xi-er-gu-dong-da-hui",{"title":355,"slug":356,"category":316,"order":357},"1960 巴菲特致合伙人信","1960-ba-fei-te-zhi-he-huo-ren-xin",5,{"title":359,"slug":360,"category":298,"order":357},"巴菲特：1972年巴菲特谈喜诗糖果","ba-fei-te-1972nian-ba-fei-te-tan-xi-shi-tang-guo",{"title":362,"slug":363,"category":324,"order":357},"1998年伯克希尔股东大会","1998nian-bo-ke-xi-er-gu-dong-da-hui",{"title":365,"slug":366,"category":316,"order":367},"1961 巴菲特致合伙人信","1961-ba-fei-te-zhi-he-huo-ren-xin",6,{"title":369,"slug":370,"category":298,"order":367},"巴菲特：1974年击球啊,你这个笨蛋","ba-fei-te-1974nian-ji-qiu-a-ni-zhe-ge-ben-dan",{"title":372,"slug":373,"category":324,"order":367},"1999年伯克希尔股东大会","1999nian-bo-ke-xi-er-gu-dong-da-hui",{"title":375,"slug":376,"category":316,"order":377},"1961年中 巴菲特致合伙人信","1961nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",7,{"title":379,"slug":380,"category":298,"order":377},"巴菲特：1976年巴菲特谈GEICO","ba-fei-te-1976nian-ba-fei-te-tan-geico",{"title":382,"slug":383,"category":324,"order":377},"2000年伯克希尔股东大会","2000nian-bo-ke-xi-er-gu-dong-da-hui",{"title":385,"slug":386,"category":316,"order":387},"1962 巴菲特致合伙人信","1962-ba-fei-te-zhi-he-huo-ren-xin",8,{"title":389,"slug":390,"category":298,"order":387},"巴菲特：1976年怀念恩师格雷厄姆","ba-fei-te-1976nian-huai-nian-en-shi-ge-lei-e-mu",{"title":392,"slug":393,"category":324,"order":387},"2001年伯克希尔股东大会","2001nian-bo-ke-xi-er-gu-dong-da-hui",{"title":395,"slug":396,"category":316,"order":397},"1962年11月 巴菲特致合伙人信","1962nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",9,{"title":399,"slug":400,"category":298,"order":397},"巴菲特：1977年谈通货膨胀","ba-fei-te-1977nian-tan-tong-huo-peng-zhang",{"title":402,"slug":403,"category":324,"order":397},"2002年伯克希尔股东大会","2002nian-bo-ke-xi-er-gu-dong-da-hui",{"title":405,"slug":406,"category":316,"order":407},"1962年12月 巴菲特致合伙人信","1962nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",10,{"title":409,"slug":410,"category":298,"order":407},"巴菲特：1979年谈股市","ba-fei-te-1979nian-tan-gu-shi",{"title":412,"slug":413,"category":324,"order":407},"2003年伯克希尔股东大会","2003nian-bo-ke-xi-er-gu-dong-da-hui",{"title":415,"slug":416,"category":316,"order":417},"1962年中 巴菲特致合伙人信","1962nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",11,{"title":419,"slug":420,"category":298,"order":417},"巴菲特：1982年谈指数期货","ba-fei-te-1982nian-tan-zhi-shu-qi-huo",{"title":422,"slug":423,"category":324,"order":417},"2004年伯克希尔股东大会","2004nian-bo-ke-xi-er-gu-dong-da-hui",{"title":425,"slug":426,"category":316,"order":427},"1963 巴菲特致合伙人信","1963-ba-fei-te-zhi-he-huo-ren-xin",12,{"title":429,"slug":430,"category":298,"order":427},"巴菲特：1983年写给Louie Blumkin的信（内布拉斯加州家具百货","ba-fei-te-1983nian-xie-gei-louie-blumkinde-xin-nei-bu-la-si-jia-zhou-jia-ju-bai-huo",{"title":432,"slug":433,"category":324,"order":427},"2005年伯克希尔股东大会","2005nian-bo-ke-xi-er-gu-dong-da-hui",{"title":435,"slug":436,"category":316,"order":437},"1963年11月 巴菲特致合伙人信","1963nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",13,{"title":439,"slug":440,"category":298,"order":437},"巴菲特：1983年向Rose Blumkin 发出的正式意向收购书","ba-fei-te-1983nian-xiang-rose-blumkin-fa-chu-de-zheng-shi-yi-xiang-shou-gou-shu",{"title":442,"slug":443,"category":324,"order":437},"2006年伯克希尔股东大会","2006nian-bo-ke-xi-er-gu-dong-da-hui",{"title":445,"slug":446,"category":316,"order":447},"1963年12月 巴菲特致合伙人信","1963nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",14,{"title":449,"slug":450,"category":298,"order":447},"巴菲特：1984年哥大商学院演讲","ba-fei-te-1984nian-ge-da-shang-xue-yuan-yan-jiang",{"title":452,"slug":453,"category":324,"order":447},"2007年伯克希尔股东大会","2007nian-bo-ke-xi-er-gu-dong-da-hui",{"title":455,"slug":456,"category":316,"order":457},"1963年中 巴菲特致合伙人信","1963nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",15,{"title":459,"slug":460,"category":298,"order":457},"巴菲特：1985年谈投资","ba-fei-te-1985nian-tan-tou-zi",{"title":462,"slug":463,"category":324,"order":457},"2008年伯克希尔股东大会","2008nian-bo-ke-xi-er-gu-dong-da-hui",{"title":465,"slug":466,"category":316,"order":467},"1964 巴菲特致合伙人信","1964-ba-fei-te-zhi-he-huo-ren-xin",16,{"title":469,"slug":470,"category":298,"order":467},"巴菲特：1986年《如何驯服“赌场社会”》","ba-fei-te-1986nian-ru-he-xun-fu-du-chang-she-hui",{"title":472,"slug":473,"category":324,"order":467},"2009年伯克希尔股东大会","2009nian-bo-ke-xi-er-gu-dong-da-hui",{"title":475,"slug":476,"category":316,"order":477},"1964年中 巴菲特致合伙人信","1964nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",17,{"title":479,"slug":480,"category":298,"order":477},"巴菲特：1986年在《华尔街日报》刊登的收购广告","ba-fei-te-1986nian-zai-hua-er-jie-ri-bao-kan-deng-de-shou-gou-guang-gao",{"title":482,"slug":483,"category":324,"order":477},"2010年伯克希尔股东大会","2010nian-bo-ke-xi-er-gu-dong-da-hui",{"title":485,"slug":486,"category":316,"order":487},"1965 巴菲特致合伙人信","1965-ba-fei-te-zhi-he-huo-ren-xin",18,{"title":489,"slug":490,"category":298,"order":487},"巴菲特：1987年-关于股票指数期货的早期担忧","ba-fei-te-1987nian-guan-yu-gu-piao-zhi-shu-qi-huo-de-zao-qi-dan-you",{"title":492,"slug":493,"category":324,"order":487},"2011年伯克希尔股东大会","2011nian-bo-ke-xi-er-gu-dong-da-hui",{"title":495,"slug":496,"category":497,"order":498},"1965 巴菲特致股东信","1965-ba-fei-te-zhi-gu-dong-xin","致股东信",19,{"title":500,"slug":501,"category":298,"order":498},"巴菲特：1987年-我们可以从费雪（Phil Fisher）身上学到什么","ba-fei-te-1987nian-wo-men-ke-yi-cong-fei-xue-phil-fisher-shen-shang-xue-dao-shi-me",{"title":503,"slug":504,"category":324,"order":498},"2012年伯克希尔股东大会","2012nian-bo-ke-xi-er-gu-dong-da-hui",{"title":506,"slug":507,"category":316,"order":508},"1965年11月 巴菲特致合伙人信","1965nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",20,{"title":510,"slug":511,"category":298,"order":508},"巴菲特：1988年谈投资","ba-fei-te-1988nian-tan-tou-zi",{"title":513,"slug":514,"category":324,"order":508},"2013年伯克希尔股东大会","2013nian-bo-ke-xi-er-gu-dong-da-hui",{"title":516,"slug":517,"category":316,"order":518},"1965年中 巴菲特致合伙人信","1965nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",21,{"title":520,"slug":521,"category":298,"order":518},"巴菲特：1990年斯坦福法学院演讲","ba-fei-te-1990nian-si-tan-fu-fa-xue-yuan-yan-jiang",{"title":523,"slug":524,"category":324,"order":518},"2014年伯克希尔股东大会","2014nian-bo-ke-xi-er-gu-dong-da-hui",{"title":526,"slug":527,"category":316,"order":528},"1966 巴菲特致合伙人信","1966-ba-fei-te-zhi-he-huo-ren-xin",22,{"title":530,"slug":531,"category":298,"order":528},"巴菲特：1991年 年喜诗糖果70 周年纪念","ba-fei-te-1991nian-nian-xi-shi-tang-guo-70-zhou-nian-ji-nian",{"title":533,"slug":534,"category":324,"order":528},"2015年伯克希尔股东大会","2015nian-bo-ke-xi-er-gu-dong-da-hui",{"title":536,"slug":537,"category":497,"order":538},"1966 巴菲特致股东信","1966-ba-fei-te-zhi-gu-dong-xin",23,{"title":540,"slug":541,"category":298,"order":538},"巴菲特：1991年圣母大学演讲","ba-fei-te-1991nian-sheng-mu-da-xue-yan-jiang",{"title":543,"slug":544,"category":324,"order":538},"2016年伯克希尔股东大会","2016nian-bo-ke-xi-er-gu-dong-da-hui",{"title":546,"slug":547,"category":316,"order":548},"1966年11月 巴菲特致合伙人信","1966nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",24,{"title":550,"slug":551,"category":298,"order":548},"巴菲特：1991年巴菲特致所罗门股东信","ba-fei-te-1991nian-ba-fei-te-zhi-suo-luo-men-gu-dong-xin",{"title":553,"slug":554,"category":324,"order":548},"2017年伯克希尔股东大会","2017nian-bo-ke-xi-er-gu-dong-da-hui",{"title":556,"slug":557,"category":316,"order":558},"1966年中 巴菲特致合伙人信","1966nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",25,{"title":560,"slug":561,"category":298,"order":558},"巴菲特：1992年巴菲特奥马哈新闻俱乐部","ba-fei-te-1992nian-ba-fei-te-ao-ma-ha-xin-wen-ju-le-bu",{"title":563,"slug":564,"category":324,"order":558},"2018年伯克希尔股东大会","2018nian-bo-ke-xi-er-gu-dong-da-hui",{"title":566,"slug":567,"category":316,"order":568},"1967 巴菲特致合伙人信","1967-ba-fei-te-zhi-he-huo-ren-xin",26,{"title":570,"slug":571,"category":298,"order":568},"巴菲特：1994年内布拉斯加大学演讲","ba-fei-te-1994nian-nei-bu-la-si-jia-da-xue-yan-jiang",{"title":573,"slug":574,"category":324,"order":568},"2019年伯克希尔股东大会","2019nian-bo-ke-xi-er-gu-dong-da-hui",{"title":576,"slug":577,"category":497,"order":578},"1967 巴菲特致股东信","1967-ba-fei-te-zhi-gu-dong-xin",27,{"title":580,"slug":581,"category":298,"order":578},"巴菲特：1994年巴菲特谈施洛斯的信","ba-fei-te-1994nian-ba-fei-te-tan-shi-luo-si-de-xin",{"title":583,"slug":584,"category":324,"order":578},"2020年伯克希尔股东大会","2020nian-bo-ke-xi-er-gu-dong-da-hui",{"title":586,"slug":587,"category":316,"order":588},"1967年10月 巴菲特致合伙人信","1967nian-10yue-ba-fei-te-zhi-he-huo-ren-xin",28,{"title":590,"slug":591,"category":298,"order":588},"巴菲特：1996年伯克希尔股东手册","ba-fei-te-1996nian-bo-ke-xi-er-gu-dong-shou-ce",{"title":593,"slug":594,"category":324,"order":588},"2021年伯克希尔股东大会","2021nian-bo-ke-xi-er-gu-dong-da-hui",{"title":596,"slug":597,"category":316,"order":598},"1967年11月 巴菲特致合伙人信","1967nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",29,{"title":600,"slug":601,"category":298,"order":598},"巴菲特：1997年巴菲特谈微软的信","ba-fei-te-1997nian-ba-fei-te-tan-wei-ruan-de-xin",{"title":603,"slug":604,"category":324,"order":598},"2022年伯克希尔股东大会","2022nian-bo-ke-xi-er-gu-dong-da-hui",{"title":606,"slug":607,"category":316,"order":608},"1967年中 巴菲特致合伙人信","1967nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",30,{"title":610,"slug":611,"category":298,"order":608},"巴菲特：1998年佛罗里达大学演讲","ba-fei-te-1998nian-fo-luo-li-da-da-xue-yan-jiang",{"title":613,"slug":614,"category":324,"order":608},"2023年伯克希尔股东大会","2023nian-bo-ke-xi-er-gu-dong-da-hui",{"title":616,"slug":617,"category":316,"order":618},"1968 巴菲特致合伙人信","1968-ba-fei-te-zhi-he-huo-ren-xin",31,{"title":620,"slug":621,"category":298,"order":618},"巴菲特：1998年华盛顿大学谈话","ba-fei-te-1998nian-hua-sheng-dun-da-xue-tan-hua",{"title":623,"slug":624,"category":324,"order":618},"2024年伯克希尔股东大会","2024nian-bo-ke-xi-er-gu-dong-da-hui",{"title":626,"slug":627,"category":497,"order":628},"1968 巴菲特致股东信","1968-ba-fei-te-zhi-gu-dong-xin",32,{"title":630,"slug":631,"category":298,"order":628},"巴菲特：1999年内布拉斯加教育论坛演讲","ba-fei-te-1999nian-nei-bu-la-si-jia-jiao-yu-lun-tan-yan-jiang",{"title":633,"slug":634,"category":324,"order":628},"2025年伯克希尔股东大会","2025nian-bo-ke-xi-er-gu-dong-da-hui",{"title":636,"slug":637,"category":316,"order":638},"1968年11月 巴菲特致合伙人信","1968nian-11yue-ba-fei-te-zhi-he-huo-ren-xin",33,{"title":640,"slug":641,"category":298,"order":638},"巴菲特：1999年巴菲特太阳谷演讲","ba-fei-te-1999nian-ba-fei-te-tai-yang-gu-yan-jiang",{"title":643,"slug":644,"category":324,"order":638},"2026年伯克希尔股东大会","2026nian-bo-ke-xi-er-gu-dong-da-hui",{"title":646,"slug":647,"category":316,"order":648},"1968年中 巴菲特致合伙人信","1968nian-zhong-ba-fei-te-zhi-he-huo-ren-xin",34,{"title":650,"slug":651,"category":298,"order":648},"巴菲特：1999年巴菲特谈股市","ba-fei-te-1999nian-ba-fei-te-tan-gu-shi",{"title":653,"slug":654,"category":497,"order":655},"1969 巴菲特致股东信","1969-ba-fei-te-zhi-gu-dong-xin",35,{"title":657,"slug":658,"category":298,"order":655},"巴菲特：2001年佐治亚大学演讲","ba-fei-te-2001nian-zuo-zhi-ya-da-xue-yan-jiang",{"title":660,"slug":661,"category":316,"order":662},"1969年10月 巴菲特致合伙人信","1969nian-10yue-ba-fei-te-zhi-he-huo-ren-xin",36,{"title":664,"slug":665,"category":298,"order":662},"巴菲特：2001年保险业的FDIC","ba-fei-te-2001nian-bao-xian-ye-de-fdic",{"title":667,"slug":668,"category":316,"order":669},"1969年12月 巴菲特致合伙人信","1969nian-12yue-ba-fei-te-zhi-he-huo-ren-xin",37,{"title":671,"slug":672,"category":298,"order":669},"巴菲特：2001年对话内大商学院","ba-fei-te-2001nian-dui-hua-nei-da-shang-xue-yuan",{"title":674,"slug":675,"category":316,"order":676},"1969年12月26日 巴菲特致合伙人信","1969nian-12yue-26ri-ba-fei-te-zhi-he-huo-ren-xin",38,{"title":678,"slug":679,"category":298,"order":676},"巴菲特：2001年巴菲特谈股市","ba-fei-te-2001nian-ba-fei-te-tan-gu-shi",{"title":681,"slug":682,"category":316,"order":683},"1969年5月 巴菲特致合伙人信","1969nian-5yue-ba-fei-te-zhi-he-huo-ren-xin",39,{"title":685,"slug":686,"category":298,"order":683},"巴菲特：2001年给全体经理人备忘录","ba-fei-te-2001nian-gei-quan-ti-jing-li-ren-bei-wang-lu",{"title":688,"slug":689,"category":497,"order":690},"1970 巴菲特致股东信","1970-ba-fei-te-zhi-gu-dong-xin",40,{"title":692,"slug":693,"category":298,"order":690},"巴菲特：2002年哥大商学院演讲","ba-fei-te-2002nian-ge-da-shang-xue-yuan-yan-jiang",{"title":695,"slug":696,"category":316,"order":697},"1970年2月 巴菲特致合伙人信","1970nian-2yue-ba-fei-te-zhi-he-huo-ren-xin",41,{"title":699,"slug":700,"category":298,"order":697},"巴菲特：2002年股票期权与常识","ba-fei-te-2002nian-gu-piao-qi-quan-yu-chang-shi",{"title":702,"slug":703,"category":497,"order":704},"1971 巴菲特致股东信","1971-ba-fei-te-zhi-gu-dong-xin",42,{"title":706,"slug":707,"category":298,"order":704},"巴菲特：2002年谁是真正的账房先生","ba-fei-te-2002nian-shui-shi-zhen-zheng-de-zhang-fang-xian-sheng",{"title":709,"slug":710,"category":497,"order":711},"1972 巴菲特致股东信","1972-ba-fei-te-zhi-gu-dong-xin",43,{"title":713,"slug":714,"category":298,"order":711},"巴菲特：2003年《美国正滑向贸易赤字的危险边缘》","ba-fei-te-2003nian-mei-guo-zheng-hua-xiang-mao-yi-chi-zi-de-wei-xian-bian-yuan",{"title":716,"slug":717,"category":497,"order":718},"1973 巴菲特致股东信","1973-ba-fei-te-zhi-gu-dong-xin",44,{"title":720,"slug":721,"category":298,"order":718},"巴菲特：2003年内布拉斯加大学 林肯分校--领导力课程演讲","ba-fei-te-2003nian-nei-bu-la-si-jia-da-xue-lin-ken-fen-xiao-ling-dao-li-ke-cheng-yan-jiang",{"title":723,"slug":724,"category":497,"order":725},"1974 巴菲特致股东信","1974-ba-fei-te-zhi-gu-dong-xin",45,{"title":727,"slug":728,"category":298,"order":725},"巴菲特：2003年对话沃顿商学院学生","ba-fei-te-2003nian-dui-hua-wo-dun-shang-xue-yuan-xue-sheng",{"title":730,"slug":731,"category":497,"order":732},"1975 巴菲特致股东信","1975-ba-fei-te-zhi-gu-dong-xin",46,{"title":734,"slug":735,"category":298,"order":732},"巴菲特：2003年对话田纳西大学学生","ba-fei-te-2003nian-dui-hua-tian-na-xi-da-xue-xue-sheng",{"title":737,"slug":738,"category":497,"order":739},"1976 巴菲特致股东信","1976-ba-fei-te-zhi-gu-dong-xin",47,{"title":741,"slug":742,"category":298,"order":739},"巴菲特：2003年我为什么不看好美元","ba-fei-te-2003nian-wo-wei-shi-me-bu-kan-hao-mei-yuan",{"title":744,"slug":745,"category":497,"order":746},"1977 巴菲特致股东信","1977-ba-fei-te-zhi-gu-dong-xin",48,{"title":748,"slug":749,"category":298,"order":746},"巴菲特：2003年沃伦在担心什么","ba-fei-te-2003nian-wo-lun-zai-dan-xin-shi-me",{"title":751,"slug":752,"category":497,"order":753},"1978 巴菲特致股东信","1978-ba-fei-te-zhi-gu-dong-xin",49,{"title":755,"slug":756,"category":298,"order":753},"巴菲特：2003年股息巫术","ba-fei-te-2003nian-gu-xi-wu-shu",{"title":758,"slug":759,"category":497,"order":760},"1979 巴菲特致股东信","1979-ba-fei-te-zhi-gu-dong-xin",50,{"title":762,"slug":763,"category":298,"order":760},"巴菲特：2004年与塔克商学院学生对谈","ba-fei-te-2004nian-yu-ta-ke-shang-xue-yuan-xue-sheng-dui-tan",{"title":765,"slug":766,"category":497,"order":767},"1980 巴菲特致股东信","1980-ba-fei-te-zhi-gu-dong-xin",51,{"title":769,"slug":770,"category":298,"order":767},"巴菲特：2004年专访苏珊·巴菲特","ba-fei-te-2004nian-zhuan-fang-su-shan-ba-fei-te",{"title":772,"slug":773,"category":497,"order":774},"1981 巴菲特致股东信","1981-ba-fei-te-zhi-gu-dong-xin",52,{"title":776,"slug":777,"category":298,"order":774},"巴菲特：2004年对话奥奎尔俱乐部","ba-fei-te-2004nian-dui-hua-ao-kui-er-ju-le-bu",{"title":779,"slug":780,"category":497,"order":781},"1982 巴菲特致股东信","1982-ba-fei-te-zhi-gu-dong-xin",53,{"title":783,"slug":784,"category":298,"order":781},"巴菲特：2004年对话沃顿商学院学生","ba-fei-te-2004nian-dui-hua-wo-dun-shang-xue-yuan-xue-sheng",{"title":786,"slug":787,"category":497,"order":788},"1983 巴菲特致股东信","1983-ba-fei-te-zhi-gu-dong-xin",54,{"title":790,"slug":791,"category":298,"order":788},"巴菲特：2004年模糊数学与股票期权","ba-fei-te-2004nian-mo-hu-shu-xue-yu-gu-piao-qi-quan",{"title":793,"slug":794,"category":497,"order":795},"1984 巴菲特致股东信","1984-ba-fei-te-zhi-gu-dong-xin",55,{"title":797,"slug":798,"category":298,"order":795},"巴菲特：2005年加州大学问答纪要","ba-fei-te-2005nian-jia-zhou-da-xue-luo-shan-ji-fen-xiao-an-de-sen-guan-li-xue-yuan-nan-jia-zhou-da-xue-ma-xie-er-shang-xue-yuan-wen-da-ji-yao",{"title":800,"slug":801,"category":497,"order":802},"1985 巴菲特致股东信","1985-ba-fei-te-zhi-gu-dong-xin",56,{"title":804,"slug":805,"category":298,"order":802},"巴菲特：2005年与塔克商学院学生对谈","ba-fei-te-2005nian-yu-ta-ke-shang-xue-yuan-xue-sheng-dui-tan",{"title":807,"slug":808,"category":497,"order":809},"1986 巴菲特致股东信","1986-ba-fei-te-zhi-gu-dong-xin",57,{"title":811,"slug":812,"category":298,"order":809},"巴菲特：2005年回忆进入证券行业","ba-fei-te-2005nian-hui-yi-jin-ru-zheng-quan-xing-ye",{"title":814,"slug":815,"category":497,"order":816},"1987 巴菲特致股东信","1987-ba-fei-te-zhi-gu-dong-xin",58,{"title":818,"slug":819,"category":298,"order":816},"巴菲特：2005年对话内布拉斯加大学学生","ba-fei-te-2005nian-dui-hua-nei-bu-la-si-jia-da-xue-xue-sheng",{"title":821,"slug":822,"category":497,"order":823},"1988 巴菲特致股东信","1988-ba-fei-te-zhi-gu-dong-xin",59,{"title":825,"slug":826,"category":298,"order":823},"巴菲特：2005年对话堪萨斯大学学生","ba-fei-te-2005nian-dui-hua-kan-sa-si-da-xue-xue-sheng",{"title":828,"slug":829,"category":497,"order":830},"1989 巴菲特致股东信","1989-ba-fei-te-zhi-gu-dong-xin",60,{"title":832,"slug":833,"category":298,"order":830},"巴菲特：2005年对话范德比尔特大学学生","ba-fei-te-2005nian-dui-hua-fan-de-bi-er-te-da-xue-xue-sheng",{"title":835,"slug":836,"category":497,"order":837},"1990 巴菲特致股东信","1990-ba-fei-te-zhi-gu-dong-xin",61,{"title":839,"slug":840,"category":298,"order":837},"巴菲特：2006年与沃顿商学院学生问答","ba-fei-te-2006nian-yu-wo-dun-shang-xue-yuan-xue-sheng-wen-da",{"title":842,"slug":843,"category":497,"order":844},"1991 巴菲特致股东信","1991-ba-fei-te-zhi-gu-dong-xin",62,{"title":846,"slug":847,"category":298,"order":844},"巴菲特：2006年巴菲特慈善捐赠专访","ba-fei-te-2006nian-ba-fei-te-ci-shan-juan-zeng-zhuan-fang",{"title":849,"slug":850,"category":497,"order":851},"1992 巴菲特致股东信","1992-ba-fei-te-zhi-gu-dong-xin",63,{"title":853,"slug":854,"category":298,"order":851},"巴菲特：2006年慈善捐赠承诺","ba-fei-te-2006nian-ci-shan-juan-zeng-cheng-nuo",{"title":856,"slug":857,"category":497,"order":858},"1993 巴菲特致股东信","1993-ba-fei-te-zhi-gu-dong-xin",64,{"title":860,"slug":861,"category":298,"order":858},"巴菲特：2006年我为什么慷慨解囊","ba-fei-te-2006nian-wo-wei-shi-me-kang-kai-jie-nang",{"title":863,"slug":864,"category":497,"order":865},"1994 巴菲特致股东信","1994-ba-fei-te-zhi-gu-dong-xin",65,{"title":867,"slug":868,"category":298,"order":865},"巴菲特：2006年给全体经理人备忘录","ba-fei-te-2006nian-gei-quan-ti-jing-li-ren-bei-wang-lu",{"title":870,"slug":871,"category":497,"order":872},"1995 巴菲特致股东信","1995-ba-fei-te-zhi-gu-dong-xin",66,{"title":874,"slug":875,"category":298,"order":872},"巴菲特：2007年11月和比尔·盖茨、大学生对话实录（节目《富豪面对面》）","ba-fei-te-2007nian-11yue-he-bi-er-gai-ci-da-xue-sheng-dui-hua-shi-lu-jie-mu-fu-hao-mian-dui-mian",{"title":877,"slug":878,"category":497,"order":879},"1996 巴菲特致股东信","1996-ba-fei-te-zhi-gu-dong-xin",67,{"title":881,"slug":882,"category":298,"order":879},"巴菲特：2007年对话佐治亚大学学生","ba-fei-te-2007nian-dui-hua-zuo-zhi-ya-da-xue-xue-sheng",{"title":884,"slug":885,"category":497,"order":886},"1997 巴菲特致股东信","1997-ba-fei-te-zhi-gu-dong-xin",68,{"title":888,"slug":889,"category":298,"order":886},"巴菲特：2007年巴菲特接见Dardashti","ba-fei-te-2007nian-ba-fei-te-jie-jian-dardashti",{"title":891,"slug":892,"category":497,"order":893},"1998 巴菲特致股东信","1998-ba-fei-te-zhi-gu-dong-xin",69,{"title":895,"slug":896,"category":298,"order":893},"巴菲特：2007年接受央视专访","ba-fei-te-2007nian-jie-shou-yang-shi-zhuan-fang",{"title":898,"slug":899,"category":497,"order":900},"1999 巴菲特致股东信","1999-ba-fei-te-zhi-gu-dong-xin",70,{"title":902,"slug":903,"category":298,"order":900},"巴菲特：2007年接受欧洲MBA学生专访（珍贵精彩实录）","ba-fei-te-2007nian-jie-shou-ou-zhou-mbaxue-sheng-zhuan-fang-zhen-gui-jing-cai-shi-lu",{"title":905,"slug":906,"category":497,"order":907},"2000 巴菲特致股东信","2000-ba-fei-te-zhi-gu-dong-xin",71,{"title":909,"slug":910,"category":298,"order":907},"巴菲特：2007年查理罗斯专访","ba-fei-te-2007nian-cha-li-luo-si-zhuan-fang",{"title":912,"slug":913,"category":497,"order":914},"2001 巴菲特致股东信","2001-ba-fei-te-zhi-gu-dong-xin",72,{"title":916,"slug":917,"category":298,"order":914},"巴菲特：2008年21 世纪经济领导者采访","ba-fei-te-2008nian-21-shi-ji-jing-ji-ling-dao-zhe-cai-fang",{"title":919,"slug":920,"category":497,"order":921},"2002 巴菲特致股东信","2002-ba-fei-te-zhi-gu-dong-xin",73,{"title":923,"slug":924,"category":298,"order":921},"巴菲特：2008年买入美国正当时","ba-fei-te-2008nian-mai-ru-mei-guo-zheng-dang-shi",{"title":926,"slug":927,"category":497,"order":928},"2003 巴菲特致股东信","2003-ba-fei-te-zhi-gu-dong-xin",74,{"title":930,"slug":931,"category":298,"order":928},"巴菲特：2008年对话IVEY 商学院学生","ba-fei-te-2008nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",{"title":933,"slug":934,"category":497,"order":935},"2004 巴菲特致股东信","2004-ba-fei-te-zhi-gu-dong-xin",75,{"title":937,"slug":938,"category":298,"order":935},"巴菲特：2008年对话商学院学生","ba-fei-te-2008nian-dui-hua-shang-xue-yuan-xue-sheng",{"title":940,"slug":941,"category":497,"order":942},"2005 巴菲特致股东信","2005-ba-fei-te-zhi-gu-dong-xin",76,{"title":944,"slug":945,"category":298,"order":942},"巴菲特：2008年对话瑞士洛桑国际管理学院","ba-fei-te-2008nian-dui-hua-rui-shi-luo-sang-guo-ji-guan-li-xue-yuan",{"title":947,"slug":948,"category":497,"order":949},"2006 巴菲特致股东信","2006-ba-fei-te-zhi-gu-dong-xin",77,{"title":951,"slug":952,"category":298,"order":949},"巴菲特：2008年怀念恩师格雷厄姆","ba-fei-te-2008nian-huai-nian-en-shi-ge-lei-e-mu",{"title":954,"slug":955,"category":497,"order":956},"2007 巴菲特致股东信","2007-ba-fei-te-zhi-gu-dong-xin",78,{"title":958,"slug":959,"category":298,"order":956},"巴菲特：2008年给保尔森的信","ba-fei-te-2008nian-gei-bao-er-sen-de-xin",{"title":961,"slug":962,"category":497,"order":963},"2008 巴菲特致股东信","2008-ba-fei-te-zhi-gu-dong-xin",79,{"title":965,"slug":966,"category":298,"order":963},"巴菲特：2008年解析经济危机","ba-fei-te-2008nian-jie-xi-jing-ji-wei-ji",{"title":968,"slug":969,"category":497,"order":970},"2009 巴菲特致股东信","2009-ba-fei-te-zhi-gu-dong-xin",80,{"title":972,"slug":973,"category":298,"order":970},"巴菲特：2008年财富杂志：沃伦之思","ba-fei-te-2008nian-cai-fu-za-zhi-wo-lun-zhi-si",{"title":975,"slug":976,"category":497,"order":977},"2010 巴菲特致股东信","2010-ba-fei-te-zhi-gu-dong-xin",81,{"title":979,"slug":980,"category":298,"order":977},"巴菲特：2009年CNBC 专访","ba-fei-te-2009nian-cnbc-zhuan-fang",{"title":982,"slug":983,"category":497,"order":304},"2011 巴菲特致股东信","2011-ba-fei-te-zhi-gu-dong-xin",{"title":5,"slug":308,"category":298,"order":304},{"title":986,"slug":987,"category":497,"order":988},"2012 巴菲特致股东信","2012-ba-fei-te-zhi-gu-dong-xin",83,{"title":990,"slug":991,"category":298,"order":988},"巴菲特：2009年对话哥大商学院学生","ba-fei-te-2009nian-dui-hua-ge-da-shang-xue-yuan-xue-sheng",{"title":993,"slug":994,"category":497,"order":995},"2013 巴菲特致股东信","2013-ba-fei-te-zhi-gu-dong-xin",84,{"title":997,"slug":998,"category":298,"order":995},"巴菲特：2009年恐慌是会传染的，我们必须做点什么","ba-fei-te-2009nian-kong-huang-shi-hui-chuan-ran-de-wo-men-bi-xu-zuo-dian-shi-me",{"title":1000,"slug":1001,"category":497,"order":1002},"2014 伯克希尔的过去现在与未来","2014-bo-ke-xi-er-de-guo-qu-xian-zai-yu-wei-lai",85,{"title":1004,"slug":1005,"category":298,"order":1002},"巴菲特：2009年收购BNSF 铁路","ba-fei-te-2009nian-shou-gou-bnsf-tie-lu",{"title":1007,"slug":1008,"category":497,"order":1009},"2014 副董事长的思考","2014-fu-dong-shi-chang-de-si-kao",86,{"title":1011,"slug":1012,"category":298,"order":1009},"巴菲特：2009年美元效应","ba-fei-te-2009nian-mei-yuan-xiao-ying",{"title":1014,"slug":1015,"category":497,"order":1016},"2014 巴菲特致股东信","2014-ba-fei-te-zhi-gu-dong-xin",87,{"title":1018,"slug":1019,"category":298,"order":1016},"巴菲特：2009年阿克伦大学商学院问答实录","ba-fei-te-2009nian-a-ke-lun-da-xue-shang-xue-yuan-wen-da-shi-lu",{"title":1021,"slug":1022,"category":497,"order":1023},"2015 巴菲特致股东信","2015-ba-fei-te-zhi-gu-dong-xin",88,{"title":1025,"slug":1026,"category":298,"order":1023},"巴菲特：2010年\"捐赠誓言\"计划","ba-fei-te-2010nian-juan-zeng-shi-yan-ji-hua",{"title":1028,"slug":1029,"category":497,"order":1030},"2016 巴菲特致股东信","2016-ba-fei-te-zhi-gu-dong-xin",89,{"title":1032,"slug":1033,"category":298,"order":1030},"巴菲特：2010年CNBC 专访","ba-fei-te-2010nian-cnbc-zhuan-fang",{"title":1035,"slug":1036,"category":497,"order":1037},"2017 巴菲特致股东信","2017-ba-fei-te-zhi-gu-dong-xin",90,{"title":1039,"slug":1040,"category":298,"order":1037},"巴菲特：2010年与罗克国度创始人、福布斯主编对谈","ba-fei-te-2010nian-yu-luo-ke-guo-du-chuang-shi-ren-fu-bu-si-zhu-bian-dui-tan",{"title":1042,"slug":1043,"category":497,"order":1044},"2018 巴菲特致股东信","2018-ba-fei-te-zhi-gu-dong-xin",91,{"title":1046,"slug":1047,"category":298,"order":1044},"巴菲特：2010年央视财经采访","ba-fei-te-2010nian-yang-shi-cai-jing-cai-fang",{"title":1049,"slug":1050,"category":497,"order":1051},"2019 巴菲特致股东信","2019-ba-fei-te-zhi-gu-dong-xin",92,{"title":1053,"slug":1054,"category":298,"order":1051},"巴菲特：2010年对话IVEY 商学院学生","ba-fei-te-2010nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",{"title":1056,"slug":1057,"category":497,"order":1058},"2020 巴菲特致股东信","2020-ba-fei-te-zhi-gu-dong-xin",93,{"title":1060,"slug":1061,"category":298,"order":1058},"巴菲特：2010年慈善中国行","ba-fei-te-2010nian-ci-shan-zhong-guo-xing",{"title":1063,"slug":1064,"category":497,"order":1065},"2021 巴菲特致股东信","2021-ba-fei-te-zhi-gu-dong-xin",94,{"title":1067,"slug":1068,"category":298,"order":1065},"巴菲特：2010年给全体经理人备忘录","ba-fei-te-2010nian-gei-quan-ti-jing-li-ren-bei-wang-lu",{"title":1070,"slug":1071,"category":497,"order":1072},"2022 巴菲特致股东信","2022-ba-fei-te-zhi-gu-dong-xin",95,{"title":1074,"slug":1075,"category":298,"order":1072},"巴菲特：2010年金融危机调查委员会专访","ba-fei-te-2010nian-jin-rong-wei-ji-diao-cha-wei-yuan-hui-zhuan-fang",{"title":1077,"slug":1078,"category":497,"order":1079},"2023 巴菲特致股东信","2023-ba-fei-te-zhi-gu-dong-xin",96,{"title":1081,"slug":1082,"category":298,"order":1079},"巴菲特：2011年500 亿美元的决定","ba-fei-te-2011nian-500-yi-mei-yuan-de-jue-ding",{"title":1084,"slug":1085,"category":497,"order":1086},"2024 巴菲特致股东信","2024-ba-fei-te-zhi-gu-dong-xin",97,{"title":1088,"slug":1089,"category":298,"order":1086},"巴菲特：2011年CNBC 专访","ba-fei-te-2011nian-cnbc-zhuan-fang",{"title":1091,"slug":1092,"category":497,"order":1093},"2025 巴菲特致股东信","2025-ba-fei-te-zhi-gu-dong-xin",98,{"title":1095,"slug":1096,"category":298,"order":1093},"巴菲特：2011年对话八所商学院学生","ba-fei-te-2011nian-dui-hua-ba-suo-shang-xue-yuan-xue-sheng",{"title":1098,"slug":1099,"category":497,"order":1100},"2025 感恩节致辞","2025-gan-en-jie-zhi-ci",99,{"title":1102,"slug":1103,"category":298,"order":1100},"巴菲特：2011年查理·罗斯专访","ba-fei-te-2011nian-cha-li-luo-si-zhuan-fang",{"title":1105,"slug":1106,"category":497,"order":1107},"2026 阿贝尔致股东信","2026-a-bei-er-zhi-gu-dong-xin",100,{"title":1109,"slug":1110,"category":298,"order":1107},"巴菲特：为何股票能跑赢黄金与债券","ba-fei-te-2012nian-wei-he-gu-piao-neng-pao-ying-huang-jin-yu-zhai-quan",{"title":1112,"slug":1113,"category":298,"order":1114},"巴菲特：2012年对话IVEY 商学院学生","ba-fei-te-2012nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",101,{"title":1116,"slug":1117,"category":298,"order":1118},"巴菲特：2012年跳着踢踏舞去上班","ba-fei-te-2012nian-tiao-zhao-ti-ta-wu-qu-shang-ban",102,{"title":1120,"slug":1121,"category":298,"order":1122},"巴菲特：2013年 《沃伦·巴菲特的办公时间访谈》","ba-fei-te-2013nian-wo-lun-ba-fei-te-de-ban-gong-shi-jian-fang-tan",103,{"title":1124,"slug":1125,"category":298,"order":1126},"巴菲特：2013年乔治城大学演讲","ba-fei-te-2013nian-qiao-zhi-cheng-da-xue-yan-jiang",104,{"title":1128,"slug":1129,"category":298,"order":1130},"巴菲特：2013年如何教孩子理财","ba-fei-te-2013nian-ru-he-jiao-hai-zi-li-cai",105,{"title":1132,"slug":1133,"category":298,"order":1134},"巴菲特：2013年家族三代谈慈善","ba-fei-te-2013nian-jia-zu-san-dai-tan-ci-shan",106,{"title":1136,"slug":1137,"category":298,"order":1138},"巴菲特：2013年对话八所商学院学生","ba-fei-te-2013nian-dui-hua-ba-suo-shang-xue-yuan-xue-sheng",107,{"title":1140,"slug":1141,"category":298,"order":1142},"巴菲特：2014年CNBC 专访2014年3月3日","ba-fei-te-2014nian-cnbc-zhuan-fang-2014nian-3yue-3ri",108,{"title":1144,"slug":1145,"category":298,"order":1146},"巴菲特：2014年CNBC 专访2014年5月5日","ba-fei-te-2014nian-cnbc-zhuan-fang-2014nian-5yue-5ri",109,{"title":1148,"slug":1149,"category":298,"order":1150},"巴菲特：2014年与ivey商学院MBA学生会面纪要","ba-fei-te-2014nian-yu-iveyshang-xue-yuan-mbaxue-sheng-hui-mian-ji-yao",110,{"title":1152,"slug":1153,"category":298,"order":1154},"巴菲特：2014年关于游牧者基金","ba-fei-te-2014nian-guan-yu-you-mu-zhe-ji-jin",111,{"title":1156,"slug":1157,"category":298,"order":1158},"巴菲特：2014年给全体经理人备忘录","ba-fei-te-2014nian-gei-quan-ti-jing-li-ren-bei-wang-lu",112,{"title":1160,"slug":1161,"category":298,"order":1162},"巴菲特：2014年谈可口可乐薪酬方案","ba-fei-te-2014nian-tan-ke-kou-ke-le-xin-chou-fang-an",113,{"title":1164,"slug":1165,"category":298,"order":1166},"巴菲特：2015年对话IVEY 商学院学生","ba-fei-te-2015nian-dui-hua-ivey-shang-xue-yuan-xue-sheng",114,{"title":1168,"slug":1169,"category":298,"order":1170},"巴菲特：2015年扩大所得税抵免比提高最低工资更好","ba-fei-te-2015nian-kuo-da-suo-de-shui-di-mian-bi-ti-gao-zui-di-gong-zi-geng-hao",115,{"title":1172,"slug":1173,"category":298,"order":1174},"巴菲特：2015年接受亚利桑那州立大学领导力教授杰夫·坎宁安的专访实录","ba-fei-te-2015nian-jie-shou-ya-li-sang-na-zhou-li-da-xue-ling-dao-li-jiao-shou-jie-fu-kan-ning-an-de-zhuan-fang-shi-lu",116,{"title":1176,"slug":1177,"category":298,"order":1178},"巴菲特：2015年追忆唐基奥","ba-fei-te-2015nian-zhui-yi-tang-ji-ao",117,{"title":1180,"slug":1181,"category":298,"order":1182},"巴菲特：2015慈善承诺倡议","ba-fei-te-2015ci-shan-cheng-nuo-chang-yi",118,{"title":1184,"slug":1185,"category":298,"order":1186},"巴菲特：2016年对话八所商学院学生2016","ba-fei-te-2016nian-dui-hua-ba-suo-shang-xue-yuan-xue-sheng-2016",119,{"title":1188,"slug":1189,"category":298,"order":1190},"标题：《巴菲特：2017 年哥伦比亚大学高校面谈——人生最美好的事是什么？》","ba-fei-te-2017-nian-ge-lun-bi-ya-da-xue-gao-xiao-mian-tan-ren-sheng-zui-mei-hao-de-shi-shi-shi-me",120,{"title":1192,"slug":1193,"category":298,"order":1194},"巴菲特：2017年对话北京大学学生：最好的投资是投资自己","ba-fei-te-2017nian-dui-hua-bei-jing-da-xue-xue-sheng-zui-hao-de-tou-zi-shi-tou-zi-zi-ji",121,{"title":1196,"slug":1197,"category":298,"order":1198},"巴菲特：2017年接受CNBC采访","ba-fei-te-2017nian-jie-shou-cnbccai-fang",122,{"title":1200,"slug":1201,"category":298,"order":1202},"巴菲特：2017年接受PBS NEWS专访","ba-fei-te-2017nian-jie-shou-pbs-newszhuan-fang",123,{"title":1204,"slug":1205,"category":298,"order":1206},"巴菲特：2017年查理·罗斯访谈：比尔·盖茨与沃伦·巴菲特","ba-fei-te-2017nian-cha-li-luo-si-fang-tan-bi-er-gai-ci-yu-wo-lun-ba-fei-te",124,{"title":1208,"slug":1209,"category":298,"order":1210},"巴菲特：2017年美国的未来","ba-fei-te-2017nian-mei-guo-de-wei-lai",125,{"title":1212,"slug":1213,"category":298,"order":1214},"巴菲特：2018年再度邀请北大光华学子共进午餐问答全记录","ba-fei-te-2018nian-zai-du-yao-qing-bei-da-guang-hua-xue-zi-gong-jin-wu-can-wen-da-quan-ji-lu",126,{"title":1216,"slug":1217,"category":298,"order":1218},"巴菲特：2018年时代周刊-分享美国财富的秘密","ba-fei-te-2018nian-shi-dai-zhou-kan-fen-xiang-mei-guo-cai-fu-de-mi-mi",127,{"title":1220,"slug":1221,"category":298,"order":1222},"巴菲特：2019年5月雅虎财经专访","ba-fei-te-2019nian-5yue-ya-hu-cai-jing-zhuan-fang",128,{"title":1224,"slug":1225,"category":298,"order":1226},"巴菲特：2019年与芒格及比尔盖茨接受CNBC采访","ba-fei-te-2019nian-yu-mang-ge-ji-bi-er-gai-ci-jie-shou-cnbccai-fang",129,{"title":1228,"slug":1229,"category":298,"order":1230},"巴菲特：2020年接受CNBC专访","ba-fei-te-2020nian-jie-shou-cnbczhuan-fang",130,{"title":1232,"slug":1233,"category":298,"order":1234},"巴菲特：2020年给内布拉斯加大学林肯分校2020届毕业生的建议","ba-fei-te-2020nian-gei-nei-bu-la-si-jia-da-xue-lin-ken-fen-xiao-2020jie-bi-ye-sheng-de-jian-yi",131,{"title":1236,"slug":1237,"category":298,"order":1238},"巴菲特：2021年专访《成为巴菲特》","ba-fei-te-2021nian-zhuan-fang-cheng-wei-ba-fei-te",132,{"title":1240,"slug":1241,"category":298,"order":1242},"巴菲特：2021年巴菲特芒格接受CNBC专访","ba-fei-te-2021nian-ba-fei-te-mang-ge-jie-shou-cnbczhuan-fang",133,{"title":1244,"slug":1245,"category":298,"order":1246},"巴菲特：2021年让观众无言以对 !有史以来最鼓舞人心的演讲之一","ba-fei-te-2021nian-rang-guan-zhong-wu-yan-yi-dui-you-shi-yi-lai-zui-gu-wu-ren-xin-de-yan-jiang-zhi-yi",134,{"title":1248,"slug":1249,"category":298,"order":1250},"巴菲特：2021年采访《沃伦·巴菲特的投资策略：如何像传奇一样生活和投资（完整访谈）》","ba-fei-te-2021nian-cai-fang-wo-lun-ba-fei-te-de-tou-zi-ce-lue-ru-he-xiang-chuan-qi-yi-yang-sheng-huo-he-tou-zi-wan-zheng-fang-tan",135,{"title":1252,"slug":1253,"category":298,"order":1254},"巴菲特：2022年32 届年度格雷厄姆和多德早餐会","ba-fei-te-2022nian-32-jie-nian-du-ge-lei-e-mu-he-duo-de-zao-can-hui",136,{"title":1256,"slug":1257,"category":298,"order":1258},"巴菲特：2022年和查理罗斯对谈","ba-fei-te-2022nian-he-cha-li-luo-si-dui-tan",137,{"title":1260,"slug":1261,"category":298,"order":1262},"巴菲特：2023年 查理芒格：伯克希尔的总设计师","ba-fei-te-2023nian-cha-li-mang-ge-bo-ke-xi-er-de-zong-she-ji-shi",138,{"title":1264,"slug":1265,"category":298,"order":1266},"巴菲特：初学者如何投资--3 条简单的规则","ba-fei-te-2023nian-chu-xue-zhe-ru-he-tou-zi-3-tiao-jian-dan-de-gui-ze",139,{"title":1268,"slug":1269,"category":298,"order":1270},"巴菲特：2023年接受CNBC专访","ba-fei-te-2023nian-jie-shou-cnbczhuan-fang",140,{"title":1272,"slug":1273,"category":298,"order":1274},"巴菲特：每个投资者都会犯的 10 个错误","ba-fei-te-2023nian-mei-ge-tou-zi-zhe-du-hui-fan-de-10-ge-cuo-wu",141,{"title":1276,"slug":1277,"category":298,"order":1278},"巴菲特：2025年接受cbs采访","ba-fei-te-2025nian-jie-shou-cbscai-fang",142,{"title":1280,"slug":1281,"category":298,"order":1282},"2026伯克希尔股东大会 CNBC专访巴菲特（完整纯中文）","2026bo-ke-xi-er-gu-dong-da-hui-cnbczhuan-fang-ba-fei-te",143,{"title":1284,"slug":1285,"category":298,"order":1286},"巴菲特：2026年最新采访 CNBC《财经论谈》","ba-fei-te-2026nian-zui-xin-cai-fang-cnbc-cai-jing-lun-tan",144,{"title":1288,"slug":1289,"category":298,"order":1290},"伯克希尔50 周年：过去、现在和未来","bo-ke-xi-er-50-zhou-nian-guo-qu-xian-zai-he-wei-lai",145,{"title":1292,"slug":1293,"category":298,"order":1294},"巴菲特72条投资经典语录","ba-fei-te-72tiao-tou-zi-jing-dian-yu-lu",146,{"title":1296,"slug":1297,"category":298,"order":1298},"巴菲特：你应该了解珠宝生意","ba-fei-te-ni-ying-gai-liao-jie-zhu-bao-sheng-yi",147,{"title":1300,"slug":1301,"category":298,"order":1302},"巴菲特：如何建立能力圈","ba-fei-te-ru-he-jian-li-neng-li-quan",148,{"title":1304,"slug":1305,"category":298,"order":1306},"巴菲特：巴菲特估值逻辑","ba-fei-te-ba-fei-te-gu-zhi-luo-ji",149,{"title":1308,"slug":1309,"category":298,"order":1310},"康布斯：在普通股中寻找价值","kang-bu-si-zai-pu-tong-gu-zhong-xun-zhao-jie-zhi",150,{"title":1312,"slug":1313,"category":298,"order":1314},"考夫曼：Glenair 企业文化","kao-fu-man-glenair-qi-ye-wen-hua",151,[1316,1320,1323,1326,1329,1332,1335,1338,1341,1345,1349,1352,1355,1358,1361,1364,1367,1370,1373,1376,1379,1382,1385,1388,1391,1395,1398,1401,1404,1407,1410,1413,1416,1419,1422,1426,1429,1432,1435,1438,1441,1444,1447,1451,1454,1457,1460,1463,1466,1469,1472,1475,1478,1481,1484,1487,1490,1493,1496,1499,1502,1505,1508,1511,1514,1517,1520,1523,1526,1529,1532,1537,1541,1545,1549,1553,1557,1561,1565,1569,1573,1577,1581,1585,1589,1593,1597,1601,1605,1609,1613],{"title":1317,"slug":1318,"category":1319,"order":317},"本分","benfen","核心哲学",{"title":1321,"slug":1322,"category":1319,"order":295},"平常心","pingchangxin",{"title":1324,"slug":1325,"category":1319,"order":337},"做对的事情","zuoduideshiqing",{"title":1327,"slug":1328,"category":1319,"order":347},"把事情做对","bashiqingzuodui",{"title":1330,"slug":1331,"category":1319,"order":357},"能力圈","nengliquan",{"title":1333,"slug":1334,"category":1319,"order":367},"不做什么","buzuoshenme",{"title":1336,"slug":1337,"category":1319,"order":377},"敢为天下后","ganweitianxiahou",{"title":1339,"slug":1340,"category":1319,"order":387},"消费者导向","xiaofeizhedaoxiang",{"title":1342,"slug":1343,"category":1344,"order":397},"价值投资","jiazhitouzi","投资理念",{"title":1346,"slug":1347,"category":1348,"order":407},"负债","fuzhai","财务指标",{"title":1350,"slug":1351,"category":1344,"order":407},"商业模式","shangyemoshi",{"title":1353,"slug":1354,"category":1344,"order":417},"护城河","huchenghe",{"title":1356,"slug":1357,"category":1348,"order":417},"净现金","jingxianjin",{"title":1359,"slug":1360,"category":1348,"order":427},"开销合理性","kaixiaohelixing",{"title":1362,"slug":1363,"category":1344,"order":427},"现金流","xianjinliu",{"title":1365,"slug":1366,"category":1348,"order":437},"真实利润","zhenshilirun",{"title":1368,"slug":1369,"category":1344,"order":437},"折现","zhexian",{"title":1371,"slug":1372,"category":1344,"order":447},"安全边际","anquanbianji",{"title":1374,"slug":1375,"category":1348,"order":447},"扣除商誉的净资产","jingzichan",{"title":1377,"slug":1378,"category":1344,"order":457},"基本面","jibenmian",{"title":1380,"slug":1381,"category":1344,"order":467},"机会成本","jihuichengben",{"title":1383,"slug":1384,"category":1344,"order":477},"长期持有","zhangqichiyou",{"title":1386,"slug":1387,"category":1344,"order":487},"投机","touji",{"title":1389,"slug":1390,"category":1344,"order":498},"止损","zhisun",{"title":1392,"slug":1393,"category":1394,"order":508},"企业文化","qiyewenhua","企业经营",{"title":1396,"slug":1397,"category":1394,"order":518},"品牌","pinpai",{"title":1399,"slug":1400,"category":1394,"order":528},"差异化","chayihua",{"title":1402,"slug":1403,"category":1394,"order":538},"用户体验","yonghutiyan",{"title":1405,"slug":1406,"category":1394,"order":548},"渠道","qudao",{"title":1408,"slug":1409,"category":1394,"order":558},"平台","pingtai",{"title":1411,"slug":1412,"category":1394,"order":568},"生态系统","shengtaixitong",{"title":1414,"slug":1415,"category":1394,"order":578},"单一产品","danyichanpin",{"title":1417,"slug":1418,"category":1394,"order":588},"造钟人","zaozhongren",{"title":1420,"slug":1421,"category":1394,"order":598},"利润之上的追求","lirunzhishangdezhuiqiu",{"title":1423,"slug":1424,"category":1425,"order":608},"进取心","jinquxin","品格与心性",{"title":1427,"slug":1428,"category":1425,"order":618},"耐心","naixin",{"title":1430,"slug":1431,"category":1425,"order":628},"责任心","zerenxin",{"title":1433,"slug":1434,"category":1425,"order":638},"爱心","aixin",{"title":1436,"slug":1437,"category":1425,"order":648},"信誉","xinyu",{"title":1439,"slug":1440,"category":1425,"order":655},"正直","zhengzhi",{"title":1442,"slug":1443,"category":1425,"order":662},"理性","lixing",{"title":1445,"slug":1446,"category":1425,"order":669},"长期主义","zhangqizhuyi",{"title":1448,"slug":1449,"category":1450,"order":1107},"1999年 《都市快报》采访手记","duanyongping-1999nian-doushikuaibao-caifangshouji","访谈实录",{"title":1452,"slug":1453,"category":1450,"order":1114},"1999年 步步高讲话","duanyongping-1999nian-bubugaojianghua",{"title":1455,"slug":1456,"category":1450,"order":1118},"1999年做客人民大学精彩问答实录","duanyongping-1999nianzuokerenmindaxuejingcaiwendashilu",{"title":1458,"slug":1459,"category":1450,"order":1122},"2000年 《销售与市场》杂志专访","duanyongping-2000nian-xiaoshouyushichang-zazhizhuanfang",{"title":1461,"slug":1462,"category":1450,"order":1126},"2000年在央视“品牌与传播国际论坛”上的演讲","duanyongping-2000nianzaiyangshi-pinpaiyuchuanboguojiluntan-shangdeyanjiang",{"title":1464,"slug":1465,"category":1450,"order":1130},"2000追逐世界的节奏 —— 《经营者》杂志2000年，步步高总经理访谈记录","duanyongping-2000zhuizhushijiedejiezou-jingyingzhe-zazhi2000nian-bubugaozongjing",{"title":1467,"slug":1468,"category":1450,"order":1134},"2001《经营天下：高峰论坛 之 段永平》—— 2001年末中国20位行业巨头面对面访谈录","duanyongping-2001-jingyingtianxia-gaofengluntan-zhi-duanyongping-2001nianmozhong",{"title":1470,"slug":1471,"category":1450,"order":1138},"2001年 我为什么要去读书？ —— 《读者》2001年11月刊","duanyongping-2001nian-woweishenmeyaoqudushu-duzhe-2001nian11yuekan",{"title":1473,"slug":1474,"category":1450,"order":1142},"2001年《世界经理人文摘》专访","duanyongping-2001nian-shijiejinglirenwenzhai-zhuanfang",{"title":1476,"slug":1477,"category":1450,"order":1146},"2002年 CCTV2经济频道《卖点》栏目采访：投影机能否走进家庭？","duanyongping-2002nian-cctv2jingjipindao-maidian-lanmucaifang-touyingjinengfouzou",{"title":1479,"slug":1480,"category":1450,"order":1150},"2003年北京大学总裁班演讲座谈会全程实录","duanyongping-2003nianbeijingdaxuezongcaibanyanjiangzuotanhuiquanchengshilu",{"title":1482,"slug":1483,"category":1450,"order":1154},"2004财富人生—段永平 2004 采访","duanyongping-2004caifurensheng-duanyongping-2004-caifang",{"title":1485,"slug":1486,"category":1450,"order":1158},"2005年步步高十周年“记”念晚会：段永平发言","duanyongping-2005nianbubugaoshizhounian-ji-nianwanhui-duanyongpingfayan",{"title":1488,"slug":1489,"category":1450,"order":1162},"2006年 深度对话网易证券全程实录","duanyongping-2006nian-shenduduihuawangyizhengquanquanchengshilu",{"title":1491,"slug":1492,"category":1450,"order":1166},"2006年做客新浪财经频道聊天全实录","duanyongping-2006nianzuokexinlangcaijingpindaoliaotianquanshilu",{"title":1494,"slug":1495,"category":1450,"order":1170},"2006年浙大“实话实说”","duanyongping-2006nianzheda-shihuashishuo",{"title":1497,"slug":1498,"category":1450,"order":1174},"2007年与巴菲特共进午餐后网易专访","duanyongping-2007nianyubafeitegongjinwucanhouwangyizhuanfang",{"title":1500,"slug":1501,"category":1450,"order":1178},"2007年波士堂访谈","duanyongping-2007nianboshitangfangtan",{"title":1503,"slug":1504,"category":1450,"order":1182},"2009年 深度专访： 探讨公益人生，分享成功体会","duanyongping-2009nian-shenduzhuanfang-tantaogongyirensheng-fenxiangchenggongtihu",{"title":1506,"slug":1507,"category":1450,"order":1186},"2009年《21世纪经济报道》独家专访：我不认为巴菲特是股神（2009年）","duanyongping-2009nian-21shijijingjibaodao-dujiazhuanfang-woburenweibafeiteshigus",{"title":1509,"slug":1510,"category":1450,"order":1190},"2009浙大MBA分享：企业追求的是稳健的发展，基本功最重要","duanyongping-2009zhedambafenxiang-qiyezhuiqiudeshiwenjiandefazhan-jibengongzuizh",{"title":1512,"slug":1513,"category":1450,"order":1194},"2010年 步步高董事长段永平和人大校长纪宝成记者会实录","duanyongping-2010nian-bubugaodongshizhangduanyongpingherendaxiaozhangjibaochengj",{"title":1515,"slug":1516,"category":1450,"order":1198},"2011年买入苹果思考","duanyongping-2011nianmairupingguosikao",{"title":1518,"slug":1519,"category":1450,"order":1202},"2013年浙大演讲","duanyongping-2013nianzhedayanjiang",{"title":1521,"slug":1522,"category":1450,"order":1206},"2016年浙大60周年专访","duanyongping-2016nianzheda60zhounianzhuanfang",{"title":1524,"slug":1525,"category":1450,"order":1210},"2025年浙江大学演讲及问答完整版","duanyongping-2025nianzhejiangdaxueyanjiangjiwendawanzhengban",{"title":1527,"slug":1528,"category":1450,"order":1214},"2025年谈躺平与内卷、与王石交流子女教育","duanyongping-2025niantantangpingyuneijuan-yuwangshijiaoliuzinvjiaoyu",{"title":1530,"slug":1531,"category":1450,"order":1218},"2025年： 方三文对话段永平：做自己能够喜欢的事情很重要","duanyongping-2025nian-fangsanwenduihuaduanyongping-zuozijinenggouxihuandeshiqing",{"title":1533,"slug":1534,"category":1535,"order":1536},"问答录：第一章 投资大道","dadaotouziwendalu-diyizhangtouzidadao","投资问答录",200,{"title":1538,"slug":1539,"category":1535,"order":1540},"问答录：第二章 商业模式和企业文化","dadaotouziwendalu-dierzhangshangyemoshiheqiyewenhua",201,{"title":1542,"slug":1543,"category":1535,"order":1544},"问答录：第三章 公司点评","dadaotouziwendalu-disanzhanggongsidianping",202,{"title":1546,"slug":1547,"category":1535,"order":1548},"问答录：第四章 人生箴言","dadaotouziwendalu-disizhangrenshengzhenyan",203,{"title":1550,"slug":1551,"category":1535,"order":1552},"问答录：第五章 演讲与访谈","dadaotouziwendalu-diwuzhangyanjiangyufangtan",204,{"title":1554,"slug":1555,"category":1535,"order":1556},"问答录：第六章 更新","dadaotouziwendalu-diliuzhangduzhegengxin",205,{"title":1558,"slug":1559,"category":1535,"order":1560},"商业逻辑篇：第1节：伟大企业","duanyongping-shangyeluoji-di1jie-weidaqiye",401,{"title":1562,"slug":1563,"category":1535,"order":1564},"商业逻辑篇：第2节：商业模式","duanyongping-shangyeluoji-di2jie-shangyemoshi",402,{"title":1566,"slug":1567,"category":1535,"order":1568},"商业逻辑篇：第3节：企业文化","duanyongping-shangyeluoji-di3jie-qiyewenhua",403,{"title":1570,"slug":1571,"category":1535,"order":1572},"商业逻辑篇：第4节：产品、差异化与创新","duanyongping-shangyeluoji-di4jie-chanpin-chayihua-yu-chuangxin",404,{"title":1574,"slug":1575,"category":1535,"order":1576},"商业逻辑篇：第5节：品牌、营销与广告","duanyongping-shangyeluoji-di5jie-pinpai-yingxiao-yu-guanggao",405,{"title":1578,"slug":1579,"category":1535,"order":1580},"商业逻辑篇：第6节：收购和多元化","duanyongping-shangyeluoji-di6jie-shougouheduoyuanhua",406,{"title":1582,"slug":1583,"category":1535,"order":1584},"商业逻辑篇：第7节：Stop doing list（不为清单）","duanyongping-shangyeluoji-di7jie-stop-doing-list-buweiqingdan",407,{"title":1586,"slug":1587,"category":1535,"order":1588},"投资问答录商业逻辑篇：前言：买股票就是买公司","duanyongping-shangyeluoji-qianyan-maiqushoujiiumaishangsi",408,{"title":1590,"slug":1591,"category":1535,"order":1592},"投资逻辑篇：第1章：投资理念","duanyongping-touziluoji-di1zhang-touzilinian",410,{"title":1594,"slug":1595,"category":1535,"order":1596},"投资逻辑篇：第2章：投资理解","duanyongping-touziluoji-di2jie-touzilijie",411,{"title":1598,"slug":1599,"category":1535,"order":1600},"投资问答录：第3章 golf和投资","duanyongping-touziluoji-di3zhang-golfhetouzi",412,{"title":1602,"slug":1603,"category":1535,"order":1604},"投资逻辑篇：第4章 财务理解","duanyongping-touziwendalu-touziluoji-di4zhang-caiwulijie",413,{"title":1606,"slug":1607,"category":1535,"order":1608},"投资逻辑篇：第5章：估值逻辑","duanyongping-touziluoji-di5zhang-guzhiluoji",414,{"title":1610,"slug":1611,"category":1535,"order":1612},"投资逻辑篇：第6章 投资方法论","duanyongping-touziluoji-di6zhang-touzifangfalun",415,{"title":1614,"slug":1615,"category":1535,"order":1616},"投资逻辑篇：第7章：案例分析","duanyongping-touziluoji-di7zhang-anlifenxi",416,[1618,1621,1624,1627,1631,1635,1638,1642,1644,1647,1650,1653,1657,1660,1663,1666,1669,1673,1676,1679,1682,1685,1689,1692,1695,1697,1700,1703,1706,1709,1712,1715,1718,1721,1724,1727,1730,1733,1736,1739,1742,1745,1748,1751,1754,1757,1760,1763,1766,1769,1772,1775,1778,1781,1784,1787,1790,1793,1796,1799,1802,1805,1808,1811,1814,1817,1821,1824,1827,1830,1833,1837,1840,1843,1846],{"title":1330,"slug":1619,"category":1620,"order":317},"ability-circle","决策与战略",{"title":1622,"slug":1623,"category":1620,"order":295},"逆向思维","inversion",{"title":1380,"slug":1625,"category":1626,"order":337},"opportunity-cost","经济学",{"title":1628,"slug":1629,"category":1630,"order":347},"复利","compound-interest","数学与概率论",{"title":1632,"slug":1633,"category":1634,"order":357},"激励机制","incentives","心理学",{"title":1636,"slug":1637,"category":1630,"order":367},"概率思维","probabilistic-thinking",{"title":1639,"slug":1640,"category":1641,"order":377},"二阶效应","second-order-effects","哲学与逻辑",{"title":1371,"slug":1643,"category":1620,"order":387},"margin-of-safety",{"title":1645,"slug":1646,"category":1634,"order":397},"心理误判","psychology-of-misjudgment",{"title":1648,"slug":1649,"category":1620,"order":407},"检查清单","checklist",{"title":1651,"slug":1652,"category":1626,"order":417},"规模优势","scale-advantage",{"title":1654,"slug":1655,"category":1656,"order":427},"冗余与容错","redundancy","工程学\u002F系统",{"title":1658,"slug":1659,"category":1630,"order":437},"排列组合","combinatorics",{"title":1661,"slug":1662,"category":1630,"order":447},"费马-帕斯卡","fermat-pascal",{"title":1664,"slug":1665,"category":1630,"order":457},"均值回归","regression-to-the-mean",{"title":1667,"slug":1668,"category":1630,"order":467},"量化分析","quantitative-analysis",{"title":1670,"slug":1671,"category":1672,"order":477},"临界点\u002F相变","critical-point-phase-transition","物理学",{"title":1674,"slug":1675,"category":1672,"order":487},"平衡态","equilibrium",{"title":1677,"slug":1678,"category":1672,"order":498},"熵增定律","entropy",{"title":1680,"slug":1681,"category":1672,"order":508},"能量守恒","conservation-of-energy",{"title":1683,"slug":1684,"category":1672,"order":518},"杠杆原理","leverage",{"title":1686,"slug":1687,"category":1688,"order":528},"自然选择","natural-selection","生物学\u002F进化论",{"title":1690,"slug":1691,"category":1688,"order":538},"物竞天择","competition-for-resources",{"title":1693,"slug":1694,"category":1688,"order":548},"进化思维","evolutionary-thinking",{"title":1411,"slug":1696,"category":1688,"order":558},"ecosystem",{"title":1698,"slug":1699,"category":1634,"order":568},"爱好倾向","liking-tendency",{"title":1701,"slug":1702,"category":1634,"order":578},"讨厌倾向","disliking-tendency",{"title":1704,"slug":1705,"category":1634,"order":588},"避免怀疑倾向","doubt-avoidance-tendency",{"title":1707,"slug":1708,"category":1634,"order":598},"一致性倾向","consistency-tendency",{"title":1710,"slug":1711,"category":1634,"order":608},"好奇心倾向","curiosity-tendency",{"title":1713,"slug":1714,"category":1634,"order":618},"康德式公平","kantian-fairness",{"title":1716,"slug":1717,"category":1634,"order":628},"艳羡\u002F妒忌倾向","envy-jealousy-tendency",{"title":1719,"slug":1720,"category":1634,"order":638},"反馈倾向","reciprocation-tendency",{"title":1722,"slug":1723,"category":1634,"order":648},"权威误导","authority-misinfluence",{"title":1725,"slug":1726,"category":1634,"order":655},"重视理由","reason-respecting-tendency",{"title":1728,"slug":1729,"category":1634,"order":662},"过度乐观","over-optimism",{"title":1731,"slug":1732,"category":1634,"order":669},"损失厌恶","loss-aversion",{"title":1734,"slug":1735,"category":1634,"order":676},"否认倾向","denial-tendency",{"title":1737,"slug":1738,"category":1634,"order":683},"过度反应","overreaction-tendency",{"title":1740,"slug":1741,"category":1634,"order":690},"社群影响","social-influence",{"title":1743,"slug":1744,"category":1634,"order":697},"压力倾向","stress-influence-tendency",{"title":1746,"slug":1747,"category":1634,"order":704},"物质主义","materialism-tendency",{"title":1749,"slug":1750,"category":1634,"order":711},"废话倾向","twaddle-tendency",{"title":1752,"slug":1753,"category":1634,"order":718},"确认偏误","confirmation-bias",{"title":1755,"slug":1756,"category":1634,"order":725},"锚定效应","anchoring-effect",{"title":1758,"slug":1759,"category":1634,"order":732},"现时偏差","present-bias",{"title":1761,"slug":1762,"category":1634,"order":739},"贪婪倾向","greed-tendency",{"title":1764,"slug":1765,"category":1626,"order":746},"边际成本\u002F收益","marginal-cost-benefit",{"title":1767,"slug":1768,"category":1626,"order":753},"供需关系","supply-and-demand",{"title":1770,"slug":1771,"category":1626,"order":760},"帕累托最优","pareto-optimality",{"title":1773,"slug":1774,"category":1626,"order":767},"竞争性毁灭","creative-destruction",{"title":1776,"slug":1777,"category":1620,"order":774},"双轨分析","two-track-analysis",{"title":1779,"slug":1780,"category":1620,"order":781},"非线性思维","nonlinear-thinking",{"title":1782,"slug":1783,"category":1620,"order":788},"极化思考","extreme-thinking",{"title":1785,"slug":1786,"category":1620,"order":795},"必要功","necessary-work",{"title":1788,"slug":1789,"category":1656,"order":802},"停机问题","halting-problem",{"title":1791,"slug":1792,"category":1656,"order":809},"闭环系统","closed-loop-system",{"title":1794,"slug":1795,"category":1656,"order":816},"故障安全","fail-safe",{"title":1797,"slug":1798,"category":1656,"order":823},"反向设计","reverse-design",{"title":1800,"slug":1801,"category":1656,"order":830},"瓶颈分析","bottleneck-analysis",{"title":1803,"slug":1804,"category":1641,"order":837},"第一性原理","first-principles",{"title":1806,"slug":1807,"category":1641,"order":844},"证伪思维","falsification",{"title":1809,"slug":1810,"category":1641,"order":851},"奥卡姆剃刀","occams-razor",{"title":1812,"slug":1813,"category":1641,"order":858},"中道思维","middle-way",{"title":1815,"slug":1816,"category":1641,"order":865},"不可知论","agnosticism",{"title":1818,"slug":1819,"category":1820,"order":872},"大数定律","law-of-large-numbers","统计学",{"title":1822,"slug":1823,"category":1820,"order":879},"样本偏差","sample-bias",{"title":1825,"slug":1826,"category":1820,"order":886},"相关性≠因果","correlation-not-causation",{"title":1828,"slug":1829,"category":1820,"order":893},"幸存者偏差","survivorship-bias",{"title":1831,"slug":1832,"category":1820,"order":900},"基本比率","base-rate",{"title":1834,"slug":1835,"category":1836,"order":907},"社会认同","social-proof","社会学",{"title":1838,"slug":1839,"category":1836,"order":914},"部落本能","tribal-instinct",{"title":1841,"slug":1842,"category":1836,"order":921},"金蛋定律","golden-egg-rule",{"title":1844,"slug":1845,"category":1836,"order":928},"互利共生","mutualism",{"title":1847,"slug":1848,"category":1836,"order":935},"激励传导","incentive-transmission",1778291663597]