Often, nothing looks compelling—巴菲特2024年股東信

今年專門談了投資失誤與成功

失敗：

Sometimes I’ve made mistakes in assessing the future economics of a business I’ve purchased for Berkshire – each a case of capital allocation gone wrong.

 

Problems, he would tell me, cannot be wished away. They require action, however uncomfortable that may be.
 

成功

 

And our experience is that a?single?winning decision can make a breathtaking difference over time.?

 

繼續重申投資優質企業與經營管理層

 

如果不是華爾街用數學交易模型投資的，都值得一讀。

 

https://www.cnbc.com/2025/02/22/warren-buffett-amasses-more-cash-and-sells-more-stock-but-doesnt-explain-why-in-annual-letter.html