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投资者是否应该不断扩大能力圈

36 段 · 2 位说话人 · 原片 3:03
F1
F10:00

嗨,Warren。

Hi, Warren.

嗨,Charlie。

Hi, Charlie.

我叫 Jacob。

My name is Jacob.

我是来自中国的股东,同时也很自豪自己是 Columbia Business School 的毕业生。

I'm a shareholder from China and also a proud graduate of Columbia Business School.

感谢你们让我们来到这里。

Thanks for having us here.
M1
M10:12

谢谢。

Thank you.
F1
F10:13

我的问题是,和四十年前相比,我们今天这个世界变化得更快了,而且未来还会更快。

My question is, our world is changing at a faster pace today versus 40 years ago, and even more so going forward.

在这样的背景下,对我们每个人来说,我们是不是应该随着时间持续扩大自己的能力圈,还是应该守住现有的能力圈,但同时承担可投资范围不断缩小的风险?

Under this context, for each of us individually, shall we expand our circle of competence continuously over time, or shall we stick with the existing circle but risk having a shrinking investment universe?

谢谢。

Thank you.
M1
M10:39

嗯,很显然,不管在什么情况下,你都应该扩大自己的能力圈。

Well, obviously, you should—under any conditions, you should expand your circle of competence.
F1
F10:45

如果你能的话。

If you can.
M1
M10:46

对,如果你能的话。

If you can, yeah.

而且,嗯,这些年下来,我的能力圈确实也稍微扩大了一点,不过——

And, and, uh, I've expanded mine a little bit over time, but—
F1
F10:55

你不能——你还是得相当谨慎。

You can't—you ought to be pretty cautious.
M1
M10:57

对,你不能硬来。

Yeah, you can't force it.

如果你跟我说,我非得成为 physics 或者舞蹈方面的专家,也许还是芭蕾舞里的主角,那可真有得看了。

If you told me that I had to become an expert on physics or dance, maybe the lead in the ballet one, that would be a sight.

那是其中一个。

That's one of them.

真的?

Really?

现在吗?

Now?

这可能是你脑子里想到的一个,不过我当时压根没想到这个。

That's one you may be thinking about, but that didn't even occur to me.

不过对,这太荒唐了。

But yeah, it's ridiculous.

但这也不代表你完全不能扩大它。

That doesn't mean you can't expand it at all.

我的意思是,随着一路走过来,我确实在一些生意上学到了一些东西。

I mean, I did learn about some things as I've gone along in a few businesses.

有些情况下,我学到的是自己并不胜任,这其实也是件好事,这样你就把那个排除了。

In some cases, I've learned that I'm incompetent, which is actually a plus, and you've discarded that one.

不过这并不会真的——世界就是会变化。

But it doesn't really—the world is going to change.

而且还会一直变化下去。

It's going to keep changing.

它每天都在变化,这也正是它有意思的地方,你知道。

It's changing every day, and that makes it interesting, you know.

而且随着它变化,当然了,在你认为是自己当前现有能力圈的范围内,你必须——你应该非常擅长把这个搞明白,不然那就根本不能算是你的能力圈。

And as it changes, certainly within what you think is your present existing circle, you have to—you should be the master of figuring that one out, or it really isn't your circle of competence.

如果你在前进过程中有机会把它稍微扩大一点,我确实从 Walter,还有 Greg 身上,在我们一起合作时,学到了一些关于 energy business 的东西,不过我离他们在这方面的能力水平还差得远。

And if you get a chance to expand it somewhat as you go along, I've learned some about the energy business from Walter, and Greg as we work together, but I'm not close to their level of competence on it.

但我的确比以前懂得更多了一些,所以你是有机会把它稍微扩大一点的。

But I do know more than I used to know, and so you get a chance to expand it a bit.

通常我会觉得,你真正的核心能力,多半是跟你的思维运作方式比较契合的东西。

Usually, I would think normally your core competence is probably something that sort of fits the way the mind has worked.

有些人有一种我称之为 money mind 的特质,他们在某些跟钱有关的情境里就会做得特别好。

Some people have what I call a money mind, and they will work well in certain types of money situations.

这其实没那么是 IQ 的问题。

It isn't so much a question of IQ.

人的大脑是个很奇怪的东西,人都会有自己擅长的领域,不管是 chess 还是 bridge。

The mind is a very strange thing, and people have specialties, whether in chess or bridge.

我在不同的人身上都见过,有些人能做到看起来根本不可能做到的事,但他们在别的领域里,真的又像 Charlie 会说的那样,有点笨。

I see it in different persons, people that can do impossible—what seem to be impossible things, and they're really kind of, as Charlie would say, stupid in other areas.

所以就继续在这上面下功夫,但别觉得你一定非得把它不断扩大,然后就开始去掰弯规则。

So just keep working on it, but don't think you have to increase it and therefore start bending the rules.