Warren Buffett Rich Global Enrichment Dafa

A few days ago, Forbes magazine released the latest global Billionaires list, the U.S. "Warren Buffett" with 62 billion of dollars in personal wealth to become the world's new richest man, and Bill.　　Gates ranked the world's richest man for the first time in 13 years and slipped to third place. Actually, Bill. Before Gates became the world's richest man, the seat was Buffett's, when Buffett's fortune was 16.6 billion dollars. At the age of 77, the "evergreen tree" Buffett became the richest man again, mainly because of his Berkshire.　　Hathaway's share price rose sharply in 2007 years, raising his personal assets from $52 billion to $62 billion a year. The rankings are not important, but the fact that Mr. Buffett has kept the value of his assets for more than 50 years has been impressive, especially in the face of the current subprime crisis in the U.S. financial sector.　　Buffett's lifetime investment has never been lost, countless market disasters in history has little impact on him, which is probably the most important factor in Buffett's success, but also the "investor" to give us the greatest inspiration. 1, affected by the subprime mortgage crisis is very little at present, a crisis is sweeping the United States market, the financial industry has been greatly hit, many well-known banks, securities institutions, insurance companies because of the large number of losses prepared to make huge losses.　　For example, AIG, the largest US insurer, reported a loss of $5.29 billion trillion in the fourth quarter of last year, and Citigroup, the world's largest bank, for the first time in its recent earnings report.　　The huge losses caused by the subprime mortgage crisis have led to a sharp fall in shares of these big companies, dragging down the US stock market since the year, with the Dow down to around 12,000 from its top 14,000 point last year. Let's look at Buffett's performance in this crisis. Buffett bought Berkshire since 1965. Since Hathaway became chairman of the company, the original textile company has evolved into an insurance-focused holding company, with half of its revenue coming from the insurance industry, so Berkshire.　　Hathaway is classified as an insurance company. Berkshire. Hathaway reported a 2007-year report at the end of February, in spite of the subprime crisis, last year's fourth-quarter results slipped, Net profit from 3.583 billion dollars a year ago to 2.947 billion U.S. dollars, but only the decline, there is no loss, there is no issue to mention the subprime mortgage losses, it can be said that the subprime crisis on Buffett's impact is extremely small. And, from 2007 all year round, Berkshire.　　Hathaway continued to grow, with net profit growth of 20% per cent, to $13.21 billion trillion, a prominent company in the US financial sector. 2, countless times to avoid loss risk to see the performance of the share price, Buffett bought Berkshire in 1965. Hathaway shares were about 20 dollars per share, and since then, the company has never sent shares or shares, and Buffett sees this as a meaningless number game, as equity has not expanded, making meIt's easy to figure out how much stock prices have risen in 50 years. 1965 years later, Berkshire. Hathaway's share price goes up, in the past more than 50 years, most of the year closing price is up, down very little, before the hundred mark, followed by the thousand mark, and then tens of thousands of Yuan Mark, to 2006 on the 100,000 Yuan Mark, the closing price of the year was 109990 U.S. dollars, the 2007 share prices are significantly higher,　　The closing price of the year was $141600 trillion, which rose 28.7% per cent in a year. Last year's peak also rushed to 150,000 dollars.　　2008 years ago two months was a disaster in the U.S. stock market, a sharp fall, financial stocks are hardest hit, many banks, insurance stocks plunged, some stocks even fell to 5 years of low. and Berkshire.　　Hathaway's share price fluctuated a little, last week's share price was around $140000 trillion, a small difference from last year's closing price, and it was the performance of stock prices that left Mr Buffett on the throne of the world's richest man last week. This time, we've seen Buffett's ability to avoid risk, which he has avoided for countless times.　　It is because of the continued escape from the disaster, so that Buffett's wealth continues to rise, has been the world's richest in the top three. 3, with the Chinese stock also have fate Warren. Buffett, August 30, 1930, was born in Nebraska State, Omaha, USA. Father used to be a stockbroker, the Warren Buffett from an early age of great investment Awareness, in 1941, 11-Year-old Buffett bought his life first stock. Buffett entered the University of Pennsylvania in 1947 for financial and business management. Two years later, Warren Buffett entered the department of Finance at Columbia University, where he was known as the "Father of value investing", a famous investment theory student.　　Graham。 Graham's value-investing philosophy has had a huge impact on Mr. Buffett. In 1956, Buffett began his own independent brilliant entrepreneurial road, he returned home to create "Buffett limited." In 1964, Buffett's personal wealth amounted to $4 million trillion, and he was now in charge of $22 million trillion. [Page] A few days ago, Forbes magazine released the latest global Billionaires list, the U.S. "Warren Buffett" with 62 billion of dollars in personal wealth to become the world's new richest man, and Bill.　　Gates ranked the world's richest man for the first time in 13 years and slipped to third place. Actually, Bill. Before Gates became the world's richest man, the seat was Buffett's, when Buffett's fortune was 16.6 billion dollars. At the age of 77, the "evergreen tree" Buffett became the richest man again, mainly because of his Berkshire.　　Hathaway's share price rose sharply in 2007 years, raising his personal assets from $52 billion to $62 billion a year. The rankings are not important, but the fact that Mr. Buffett has kept the value of his assets for more than 50 years has been impressive, especially in the face of the current subprime crisis in the U.S. financial sector. Buffett's lifetime investment has never been lost, and countless times in historyThe disaster has little impact on him, which is probably the most important factor in Buffett's success, but also the "investor" gives us the greatest inspiration. 1, affected by the subprime mortgage crisis is very little at present, a crisis is sweeping the United States market, the financial industry has been greatly hit, many well-known banks, securities institutions, insurance companies because of the large number of losses prepared to make huge losses.　　For example, AIG, the largest US insurer, reported a loss of $5.29 billion trillion in the fourth quarter of last year, and Citigroup, the world's largest bank, for the first time in its recent earnings report.　　The huge losses caused by the subprime mortgage crisis have led to a sharp fall in shares of these big companies, dragging down the US stock market since the year, with the Dow down to around 12,000 from its top 14,000 point last year. Let's look at Buffett's performance in this crisis. Buffett bought Berkshire since 1965. Since Hathaway became chairman of the company, the original textile company has evolved into an insurance-focused holding company, with half of its revenue coming from the insurance industry, so Berkshire.　　Hathaway is classified as an insurance company. Berkshire. Hathaway reported a 2007-year report at the end of February, in spite of the subprime crisis, last year's fourth-quarter results slipped, Net profit from 3.583 billion dollars a year ago to 2.947 billion U.S. dollars, but only the decline, there is no loss, there is no issue to mention the subprime mortgage losses, it can be said that the subprime crisis on Buffett's impact is extremely small. And, from 2007 all year round, Berkshire.　　Hathaway continued to grow, with net profit growth of 20% per cent, to $13.21 billion trillion, a prominent company in the US financial sector. 2, countless times to avoid loss risk to see the performance of the share price, Buffett bought Berkshire in 1965.　　Hathaway's shares were about 20 dollars per share, and since then the company has never sent a share or a share, and Buffett sees it as a meaningless number game, and since equity has not expanded, it makes it easy to calculate how much the stock price has risen in 50 years. 1965 years later, Berkshire. Hathaway's share price goes up, in the past more than 50 years, most of the year closing price is up, down very little, before the hundred mark, followed by the thousand mark, and then tens of thousands of Yuan Mark, to 2006 on the 100,000 Yuan Mark, the closing price of the year was 109990 U.S. dollars, the 2007 share prices are significantly higher,　　The closing price of the year was $141600 trillion, which rose 28.7% per cent in a year. Last year's peak also rushed to 150,000 dollars.　　2008 years ago two months was a disaster in the U.S. stock market, a sharp fall, financial stocks are hardest hit, many banks, insurance stocks plunged, some stocks even fell to 5 years of low. and Berkshire. Hathaway's share price fluctuated a little, and last week's share price was around $140000 trillion, a small difference from last year's closing.By stabilizing the stock price, Buffett was the world's richest man last week. This time, we've seen Buffett's ability to avoid risk, which he has avoided for countless times.　　It is because of the continued escape from the disaster, so that Buffett's wealth continues to rise, has been the world's richest in the top three. 3, with the Chinese stock also have fate Warren. Buffett, August 30, 1930, was born in Nebraska State, Omaha, USA. Father used to be a stockbroker, the Warren Buffett from an early age of great investment Awareness, in 1941, 11-Year-old Buffett bought his life first stock. Buffett entered the University of Pennsylvania in 1947 for financial and business management. Two years later, Warren Buffett entered the department of Finance at Columbia University, where he was known as the "Father of value investing", a famous investment theory student.　　Graham。 Graham's value-investing philosophy has had a huge impact on Mr. Buffett. In 1956, Buffett began his own independent brilliant entrepreneurial road, he returned home to create "Buffett limited." In 1964, Buffett's personal wealth amounted to $4 million trillion, and he was now in charge of $22 million trillion. [Page] In 1965, 35-Year-old Buffett bought the name of Berkshire. Hathaway's textile industry, which developed into a 23 billion-dollar Berkshire industrial kingdom at the end of 1994, turned a spinning mill into Buffett's huge investment finance group. His shares rose 2000 times-fold in 30 years, while stocks in the 500 index were on average up nearly 50 times times.　　Buffett's shares rose 7,000 times-fold in the current 140000 dollar price. Berkshire. Hathaway has bought a number of companies, with companies ranging from insurance to food, and Buffett does not interfere in the operations of these companies, and his mission is mainly to use Berkshire. Hathaway invests heavily in cash. His investment talent is amazing, his long-term investment is not as much patience as The Washington Post, which he bought in 1972, still holds, and he is not willing to take on more than dozens of times times, and Buffett invests in American Express, Coca-Cola, Disney, Gillette and other stocks, not just Berkshire.　　Hathaway has brought huge gains and is oft by the investment community. Mr Buffett, who insists on value investment and long-term investment, does not look at stocks as much as the average investor does, and he doesn't care about the volatility of stock prices, and his office does not install equipment to receive stock quotes. Good friend Bill. Gates sent his computer to the Internet to play bridge instead of the stock market. His job is to look at tens of thousands of corporate financial reports every year, find investment opportunities, and only invest in Chinese equities, the same way that PetroChina's H shares found opportunities. In 2002 and 2003, Mr. Buffett, after reading PetroChina's annual report, decided to buy China's H shares, and Berkshire bought 1.3% of China's shares in 488 million dollars, buying about 1.6 to 1.7 Hong Kong dollars per share and holding Chinese oilH shares 2.34 billion shares.　　By October 2007, Mr. Buffett had sold about a 4-year share of PetroChina, earning about 8 times times as much as $12. At the end of February, Mr. Buffett published his annual letter to shareholders explaining the process and reasons for buying and selling Chinese oil, which he said was "at this price, the market value of PetroChina is about $37 billion." In the second half of last year, PetroChina's market value rose to $275 billion trillion, which we thought was comparable to that of other big oil companies, so we sold our stock at 4 billion dollars.　　"In other words, he thinks PetroChina's share price has surpassed the value, so chooses to sell, although he sells the stock of PetroChina continues to rise, some people even ridiculed" the stock market "the wave is the reputation, but this year after the global stocks fell sharply, the price of PetroChina H shares fell to HK $9. Buffett insists on value investing, and he believes that the difference between investment and speculation is that speculators focus mainly on the company's share price, while investors focus on the company's business situation.　　As long as the price is reasonable, he will always hold, but if the price exceeds the value, he will not hesitate to choose to sell, investment in China's oil is a typical case. 4, to put no loss in the first Buffett to make money in the myth of the story too much, but he succeeded, the most important thing is not how much money he made, but he does not lose. His advice to investors is that the first principle of investment is not to lose money, and the second principle is to keep the first one firmly in mind. He said so, too, even though we don't know about the sale of all of Buffett's shares, but what we see now and Berkshire. Hathaway's financial report revealed that Mr. Buffett had no record of losing shares. And, since 1965, Berkshire. Hathaway has never recorded a loss for most of the year, Berkshire. Hathaway's performance has continued to grow, which is the root cause of rising share prices. Don't look at Berkshire.　　Hathaway's share price is now staggering, at $140,000 a share, but at a very low P/E, only 15 times times as earnings per share are close to $9000 trillion. Do not think that it is easy to do without loss, in terms of single interest rate, many investors may be far more than Buffett, but the life of the loss is difficult to do, many investment experts because of a mistake and enough to kill.　　Do not say that the average retail investors, such as Mr Soros's investment master, despite the 10 years ago in the Asian financial crisis, made a lot of money, but then in Russia, the loss of the Tiger fund shut down, the Quantum fund also suffered losses, Soros thereafter fell silent. It is believed that many investors have had the experience that the money earned in the bull market has been wiped out in the next bear market, and everything has to start again. If we can do without a loss, even if we make little money each time, the power of compounding will make you a huge profit. In fact, Buffett's annual income is not high, from 1993 to2007, Berkshire.　　Hathaway's annual return of 23.5%, from 1965 to 2007, the company's average annual return of 17.8%, annual income of 10% to 20%, which does not seem to be a high number, but, if the 50 year, the final benefit will be an "astronomical." Therefore, to prevent the risk of not losing money is the first important thing in investment. Mr. Buffett's investment career has not been a major crisis, with the typical "9.11" incident in which the Twin towers of New York collapsed were Berkshire. Hathaway's insurance company has paid a huge amount of compensation for this, but Berkshire. Hathaway did not collapse because Mr. Buffett had enough risk prevention.　　He said that after the premium he had never thought of not needing to pay compensation, net earn this premium, just do not know what happened, he has to do, is in the event before, do a good job of prevention. Buffett thinks the investment needs is common sense, does not buy the thing which does not understand. Relying on this, he did not buy network shares, escaped the risk of a 2000-year dotcom bust, which he did not buy from complex derivatives, bought mortgage-backed subprime bonds and avoided the subprime crisis; In a televised interview last week, he thought the U.S. economy was in recession, warning everyone " The good old days have passed ", must have the risk prevention consciousness ...　　It is the preparation for risk preparedness that has led him through crises. The 77-Year-old, who is considering his successor, said in a new letter to shareholders that 4 candidates had been identified to succeed Mr. Buffett as Berkshire. Hathaway's investment advisor. Buffett intends to divide his duties into three parts: the chairman of the company, the chief executive and the investment director. Previously, Mr. Buffett said he would be the son of Peter after his death.　　Buffett as chairman of the company. Perhaps Buffett will soon retire from his beloved investment stage. But the philosophy of investment he left behind is a valuable asset that every investor deserves to learn carefully.