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巴菲特和芒格如何处理纷争?

42 段 · 3 位说话人 · 原片 4:42
M1
M10:00

你们两位是非常经典的一对搭档。我从小就觉得你们的投资策略特别值得钦佩。

You two make up an iconic duo, and growing up, I found your investment strategies very admirable.

所以我想问的是,当你们两个人之间出现分歧时,你们会怎么处理?

And so my question is, how do you deal with conflicts when they arise between the two of you?
M2
M20:11

我和Charlie,说真的,很多人都很难相信,但在过去六十年里,我们从来没有争吵过。

Charlie and I, literally, and people find this hard to believe, but in 60 years, we've never had an argument.

我们确实会在一些事情上意见不一致,以后可能也会偶尔在这件事或那件事上看法不同。但如果你把争吵定义为情绪开始介入,或者开始生气,或者出现类似的情况,那这种事根本不会发生。

We have disagreed about things, and we'll probably keep occasionally disagreeing about this or that, but if you define an argument as something where emotion starts entering into it or anger or anything of the sort, it just doesn't happen.

我觉得Charlie比我聪明,但我也认为,有些事情我花的时间比他多。有时候我们两个人都觉得自己是对的,而通常最后会按我的想法来,是因为Charlie会说:“我愿意按你的方式做。”事情后来证明是错的,他也从来不会事后质疑我;同样,如果他做了什么事情,后来证明是错的,我也绝不会事后质疑他。

I think that Charlie is smarter than I am, but I also think that there are certain things where I've spent more time on them than he has, and sometimes we both think we're right, and generally I get my way because Charlie says, "I'm willing to do it that way," and he's never second-guessed me when things have been wrong, and I wouldn't dream of second-guessing him if he were doing something that was wrong, so it turned out to be wrong.

基本上,我们永远不会发生冲突。

We will never have a conflict, basically.

Charlie,你怎么看?

Charlie?
M3
M31:08

问题不在于我们相处得怎么样。

Well, the issue isn't how we get along.

问题在于,等我们不在了以后,这一切会怎么运转。答案是:没问题。

The issue is how it's going to work when we're gone, and the answer is fine.

一切都会运转得很好。

It's going to work fine.

对。

Yeah.
M2
M21:21

我们很幸运。你知道,我在二十八岁左右遇到他,那时候我们都在同一家杂货店工作,而且他长大的地方,离我现在住的地方还不到一个街区,诸如此类。

We're lucky that, you know, I ran into him when I was, what, 28 years old, and we both worked in the same grocery store, and he grew up less than a block away from where I now live and everything.

但在我二十八岁之前,我根本不知道Charlie Munger是谁。

But I did not know who Charlie Munger was until I was 28.

不过很明显,我们看待世界的方式是一致的,基本上在商业决策上也是步调一致。

But clearly, we're in sync in how we see the world, and we're in sync on business decisions, basically.

Charlie会做比我少一些事情,但那是因为我把时间花在这些事情上,而他可能在设计宿舍之类的。

Charlie would do fewer things than I would, but that's because I'm spending my time on this while he's designing dormitories or something.

我们都用自己的方式让自己忙碌起来,也很享受像这样分工合作。

We both keep busy in our own ways, and we have a lot of fun dividing the labor like we do.

但你确实会想要工作。

But you really want to work.

我的意思是,在人生中找到合适的伙伴非常重要,尤其是找到合适的配偶。当然,找到合适的人生伙伴也特别重要。

I mean, having the right partners in life, particularly the right spouse, but particularly having the right partners in life is enormously important.

无论是在个人生活中还是在事业上,有个伙伴都会更有意思,而且你可能也能完成更多事情,总之就是会过得更开心。

I mean, it's more fun with a partner, both in personal life and in business life, and you probably get more accomplished too, but you just have a better time.

如果你一个人待在一间小房间里,靠买卖证券赚很多钱,却从来不和另一个人一起工作,那肯定一点意思都没有。

It would not be any fun to work in a little room and make a ton of money trading around securities, but never working with another human being.

所以我建议你找一个人。Charlie在那部电影里给过一些建议,大概是:找一个愿意和你在一起的最好的人,或者类似这样的话。

So I recommend finding—well, Charlie gave some advice in the movie, finding—the best person who will have you, or something like that.

算是一个比较有限的目标吧。

Sort of a limited objective.
M3
M32:50

不过,如果你是个收藏家,而且钱一直没花光,那想要幸福并不难。

But it's not hard to be happy if you're a collector and don't run out of money.

收藏这件事本身就很有意思。

Collecting is intrinsically fun.

你想想,你这辈子认识的那些收藏家里,有多少人在没有花光钱的情况下收藏,却还过得不开心?

Just think, how many people who you know in your whole life who were collectors who didn't run out of money who weren't happy collecting?

这就是我们一辈子一直在收藏的东西。

That's what we've been collecting all our lives.

这是件非常有意思的事。

It's a very interesting thing.

总是会有一块新的石头等着你翻开看看,而且这很有意思。

There's always a new rock to be turned over, and it's interesting.
M2
M23:21

对,而且我们当然也收藏了很多朋友,他们让我们的生活变得更好,也让我们相处得很开心。

Yeah, and certainly we've collected friends that make our lives better and that we have a good time with.

你选择什么样的偶像,或者和什么样的人做朋友,这非常重要。

It's very important who you select as your heroes or your friends.

我在这方面算是很幸运。

I've been lucky in this.

我的意思是,要不是有一位叫 Eddie Davis 的医生和他的妻子,我和 Charlie 根本就不会认识。

I mean, it was only because of a doctor named Eddie Davis and his wife that Charlie and I even met.

但只要你一直去做足够多的事情,总会有一些特别幸运地成功,而最好的事情,往往是能和别人建立一辈子的联系。

But if you keep doing enough things, some will work out very lucky, and the best ones are ones that involve lifelong involvement with other people.

我们的董事里,也有好几位对我产生过类似的影响。

We've got some of our directors, a number of our directors, that have had similar impacts on me.

所以我的建议是,去找一个比你更优秀的人,然后努力成为像他那样的人。

So I recommend that you look for somebody better than you are and then try to be like they are.
M3
M34:10

说起来挺有意思的,你知道,我们一路上也失去过一些人。我失去 Warren 的秘书时,心想,天哪,她真是太棒了。她叫 Gladys。

It's funny, you know, we've lost people along the way, and when I lost Warren's secretary, I thought, my God, she was so wonderful, Gladys.

我们再也找不到第二个这样的人了。

We'll never get another one.

结果 Becky 更好。

Becky is better.

后来我们还有 Vern McKenzie,他是一位非常出色的首席财务官。

And then we had Vern McKenzie, who was a wonderful chief financial officer.

他已经离开了,而现在这位接任者更优秀。

He's gone, and the current incumbent is better.

我们一直都非常幸运,也许股东们还会再幸运几次。

We've been very lucky, and maybe the shareholders will be lucky a few more times.

好,下面是第八个问题。

Okay, question eight.