a股这次美股大跌,巴菲特抄底了吗?主持人:但道指和纳指都已经进入调整区间了,这

雷频谈商业 2026-04-02 20:12:30

a股 这次美股大跌,巴菲特抄底了吗?

主持人:但道指和纳指都已经进入调整区间了,这是大约四年来最差的季度表现。现在看起来更便宜了吗?

巴菲特:No.巴菲特:没有。

巴菲特:Three times since I've taken over Berkshire, it's gone down more than 50%.巴菲特:自从我接手伯克希尔以来,市场有三次跌幅都超过了50%。

巴菲特:If you look at the markets, the worst probably was the 2007-08 period, although there was that one Monday when you had 21% in a day.巴菲特:如果你看历史走势,最糟糕的可能还是2007到2008年那段时期,尽管也有过某个星期一一天跌21%的情况。

巴菲特:This is nothing.巴菲特:现在这根本不算什么。

巴菲特:This is nothing to make you get excited and think there's huge valuation.巴菲特:这点波动还远不到让你兴奋、觉得市场出现巨大估值错位的时候。

巴菲特:If they're five or six percent cheaper, that doesn't—we aren't in it to make five or six percent.巴菲特:如果只是便宜了5%或者6%,那没什么意义——我们不是为了赚那5%或6%的。

巴菲特:But we aren't a big seller either.巴菲特:但我们也不是大卖家。

巴菲特:In the end, we own businesses. Sometimes they're wholly owned, sometimes they're partly owned. That's what I like to own.巴菲特:归根结底,我们持有的是企业。有的是全资控股,有的是部分持股。这才是我喜欢拥有的东西。

巴菲特:And two-thirds of our money or more is in our businesses.巴菲特:我们三分之二以上的钱都在这些企业里。

巴菲特:And we bought Occidental Chemical on January 3rd. That was 99.7 billion.巴菲特:我们1月3日买了西方石油,那笔投资现在大约是99.7亿美元。

巴菲特:As far as I'm concerned, that's got some advantages, some disadvantages versus owning a stock, but it's got the same principles attached to it.巴菲特:在我看来,相比单纯持有股票,这有它的优点,也有它的缺点,但背后的原则是一样的。

巴菲特:It is a business and it's a business we expect to own indefinitely.巴菲特:它是一门生意,而这是一门我们打算无限期持有的生意。

主持人:I mean, it doesn't sound like you're necessarily finding businesses that you want to own outright either, not just purchasing portions of them, if you've got $350 billion plus sitting around.主持人:听起来你现在似乎也并没有找到那些你愿意直接整家买下来的企业,而不只是买一部分股权。毕竟你手里握着3500多亿美元。

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