M20:43
嗯，我很感谢这个问题。答案显然是，我们对此非常非常在意。因为 Charlie 和我，除了很多别的原因之外，我们两个人都把自己净资产里相当大的一部分放在了 Berkshire，而且我们俩谁也没想出办法，能在被卡车撞到前的十五分钟，刚刚好把它全部卖掉。
Well, I appreciate that question, and the answer is obviously we do care enormously about that because both Charlie and I, in addition to a lot of other reasons, but we both have a very significant percentage of our net worth in Berkshire, and neither one of us has figured out how to sell it all exactly, you know, 15 minutes before we get hit by a truck.
所以，我们不会比在座各位更早一步跑掉。
So, we will not have the jump on the rest of you.
因此，我们持续的经济利益，会远远延续到我们去世之后。
And therefore, our continuing financial interest will go well beyond our deaths.
而这些利益，可能通过 foundations 之类的安排，最终会去到一些我们非常在乎、也非常希望它们拥有尽可能多资源的机构。
And it will, in terms of foundations or something like that, it will go to organizations that we care very much about having maximum resources available to.
所以，我们确实是有一些计划的。
So we do have some plans.
不过我们不会点名，也不会谈这类细节。
We don't name names or anything of the sort.
这件事其实没有你想的那么难，因为我们手里有一批非常棒的企业，有些是全资拥有，有些是部分持有。
It's not quite as tough as you might think because we have a collection of fabulous businesses, some of them owned totally, some of them owned in part.
我不认为 razor blade 的销售，或者 Coca-Cola 的销售，
And I don't think razor blade sales or Coca-Cola sales are going to fall off dramatically.
会在 Charlie 或者我去世的那一天突然大幅下滑。
The day Charlie or I die.
我们拥有一些非常出色的企业。
That we've got some great businesses.
那些全资拥有的企业也是一样。
And same true of the wholly owned businesses.
所以，真正更关键的问题，是未来怎么配置资本。
So, the question is more that of allocating capital in the future.
而这个问题，对 Charlie 和我来说，现在就是个难题，原因很简单，就是规模太大了。
And, you know, that will— that's a problem for Charlie and me right now, simply because of the size.
要找到真正说得通、值得去做的事情，并不容易。
It's not easy to find things to do that make sense.
尤其是在手上有很多很多钱的时候。
With lots of money.
有时候一年过去了，我们什么也没找到；还有时候一年过去了，我们以为自己找到了什么，但结果证明我们看错了。
And sometimes a year will go by and we don't find anything, and other times a year goes by and we think we found something, but it turns out we were wrong.
所以这并不容易，确实不容易。
So it's not, it's not easy.
不过我们认为，到时候会有一些非常聪明的人来做这件事。而且如果他们第一年什么都没找到，我们也不觉得那就是世界末日，因为这些企业本身还是会运转得非常好。
But we think we will have some very smart people working on that, and we don't think it will be the end of the world if they don't find anything the first year, because the businesses will run very well.
我们有个很大的优势。跟几乎所有其他公司相比，不管是现在还是未来，我们都愿意、而且很乐意去买伟大企业的一部分，或者把整家公司都买下来。
We have a big advantage in that, as contrasted to virtually every other company, we now and in the future are willing, eager to buy parts of wonderful businesses or all of them.
我的意思是，大多数管理层——大多数投资者只能买企业的一部分，而大多数经理人在心理上更倾向于把某样东西整个拥有下来，并且由自己亲自来经营。
I mean, most managements have a— most investors are limited to buying parts of businesses, and most managers psychologically are geared to owning all of something that they run themselves.
我们呢，就像我记得 Woody Allen 多年前说过的一句话：双性恋的好处在于，它会让你周六晚上的约会机会翻倍。
We, you know, it's like I think Woody Allen said some years ago, it's the advantage of being bisexual is that it doubles your chances of a date on Saturday night.
而在这方面，我们两个方向都可以走。
And we can go either direction in that respect.
我们的接班人也一样可以。
And our successors will also.
所以，Charlie，你还想补充点什么吗？
So, Charlie, you want to add anything?