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1、FiveInvestingTipsFromWarrenBuffett巴菲特的五条投资经WhatdoesWarrenBuffett'smessagetostockholdersmeanforyouandyourmoney?巴菲特(WarrenBuffett)向股东传达出的信息对你和你的钱来说意味着什么呢？EveryyearMr.Buffett,theworld'sthird-richestmanandarguablythemostsuccessfulstock-marketinvestorinhistory,writesalette
2、rtostockholdersinhisinvestmentcompanyBerkshireHathaway.Thelatestcameoutthisweekend.Thereareusuallysomenuggetsforallthosewhohaven'tinvestedinBerkshire,andthisyear'sletterwasnoexception.Herearefive:巴菲特，全世界第三大富豪、也可以说是史上最成功的股市投资者，每年都会给他的投资公司伯克希尔•哈撒韦(BerkshireHathaway)的股东们
3、写一封信。最新的致股东信不久前出炉。对于所有那些没有投资伯克希尔的人来说，信中往往会蕴含一些宝贵的“投资经”，今年也不例外。以下就是五条巴菲特的投资经：1.Watchoutforstock-marketvaluations.Mr.Buffett'scompanyisnowsittingonacashhoardof$38billion.'That'samongthehighestlevelsit'severbeen,'saysStifelNicolasanalystMeyerShields.WhileMr.Buffettsayshe
4、islookingforabigacquisition,andhashis'elephantgunloaded,'thehighcashpilealsosuggestshe's20currencydeposit,weprescribeapassonaregularbasis,qilucardaccountonaregularbasis),certificatebondsandsavingsbonds(electronic);3.notdrawnonabanksavingscertificate,certificatebondsap
5、plyformortgageloans,acceptingonlythelenderhavingachallengefindingreallygooddeals.IfMr.Buffettiscautious,investorsmightwanttotakenote:It'sanothersignthatmanyvaluationsonthestockmarketmaybelookingalittlestretched.1.留意股市估值巴菲特的公司目前坐拥380亿美元的现金储备。StifelNicolas的分析师施尔德(MeyerS
6、hields)说，这是该公司现金水平最高的时期之一。虽然巴菲特说他正在寻找一笔大规模的收购交易，而且他的“猎象枪已经上膛了”，但大量的现金储备也表明，巴菲特在寻找真正合适的交易时遇到了困难。如果巴菲特是谨慎的，那么投资者或许需要留意了：这是表明许多股票的估值可能被稍许高估的又一个迹象。2.Cokeisit.Mr.Buffettrarelymakespredictions,butinthecaseofCoca-Cola—along-termholding—heissuesaremarkableone:Dividendswillpro
7、bably'double...withintenyears,'hewrites.Thatwouldtakethemfromlastyear's$1.76to$3.52pershare.IfCoca-Colastockdidn'tmoveoverthatperiod,itwouldraisethedividendyieldfrom2.5%todaytoabove5%.Berkshireowns8.6%ofCoca-Colastock.2.没错，就是可口可乐巴菲特很少做出预言，但对他长期持有的可口可乐(Coca-Cola)，他做出了一
8、个惊人的预言：他写道，十年之内派息可能会增加一倍。按照这个预言，可口可乐的派息额将从去年的每股1.76美元增至20currencydeposit,weprescribeapassonaregularbasis,qilucardaccountonar
