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1997年股东大会 · “节俭的”巴菲特谈伯克希尔为何购买私人飞机

19 段 · 3 位说话人 · 原片 2:28
M1
M10:00

来自 Nebraska 州 Omaha 的 Morris Spence。

Morris Spence from Omaha, Nebraska.

考虑到最近股市波动这么大,你能不能说说你对股市风险的定义?还有,你的定义和通常的标准定义有什么不一样?

In light of recent stock market volatility, could you give us your definition of stock market risk, and how does your definition differ from the standard definition?

最后,因为 Charlie 最近关于 jets 的那个相反的自我揭示,你是不是要给那架 Indefensible 改个名字?

Finally, due to Charlie's recent counter-revelation about jets, are you going to rename the Indefensible?
M2
M20:23

关于第二个问题,Charlie 想先宣布一件事。

Charlie would like to make an announcement on that second point.
M3
M30:28

在 Al Ueltschi 的推动下,我们决定把公司飞机的名字从 Indefensible 改成 Indispensable。

Prompted by Al Ueltschi, we are changing the name of the company plane from the Indefensible to the Indispensable.
M2
M20:45

对,那个,那个是 Chateaubriand,顺便说一句,他除了是个作家和哲学家之外,还是一道肉排名字的“父亲”。

Yeah, it was, it was Chateaubriand, who incidentally was a writer and philosopher in addition to being the father of a piece of meat.

呃,呃,Chateaubriand 有一次写过一句话——我想我这出处应该没记错——他说,造就叛徒的,事件比观点更多。

Uh, uh, Chateaubriand wrote one time—I believe I'm correct on my attribution here—that events make more traitors than opinions.

如果你结合 Charlie 那句评论来想,也就是收购 FlightSafety 这件事让 Charlie 产生了这种相反的自我揭示,呃,这,这,这其实是人生里会反复出现的一种经历:人们会因为自己处境变了,很快就转向一种新的看法。

And if you think about that in terms of Charlie's remark, that the purchase of FlightSafety caused Charlie to have this counter-revelation, and, uh, it's, it's, it, it, it's an experience that is duplicated many times in life where people flip over very quickly to a new view based on their new circumstances.

那么,刚才第一个问题是什么来着?

Now, what was that first question again?
M3
M31:27

我还想补充一句,我有个朋友是 United Airlines 的飞行员,他最近刚升去飞 747-400 了。

I might add that I have a friend who's a United Airlines pilot, and he has recently been promoted into the 747-400.

在他开始像这样载着你们这些乘客、靠这个挣钱之前,他得先进行整整五个星期的高强度训练,百分之百如此。

Before he started carrying people like you around for hire, he had to train intensively for 5 weeks, 100%.

他的训练,全部都是在模拟器里完成的。

Of his training was in a simulator.

模拟器就是这么厉害。

They're that good.
M2
M21:51

所以它们最好确实得有这么厉害。

So they better be that good.

因为它们花了我们大概一千九百万美元。

They cost us about $19 million.

不过它们,它们确实,确实非常棒。

But they, they are, they're fabulous.

我的意思是,你想想看,我觉得飞机上你可能遇到的问题里,大概百分之八十五,如果你试图通过真的坐在飞机里来教人怎么应对,那他们现在就不会坐在这儿了。

I mean, if you think about it, I think it's 85% of the problems that you can encounter in a plane, if you attempted to teach people by actually being in a plane, they wouldn't be here anymore.

所以,呃,你得培养出那种直觉和反应能力,能够应对那百分之八十五的问题。

So there's a, you, um, you want to develop the instincts and responses that, that can react to 85% of the problems.

而学这些东西唯一的地方就是模拟器,至于另外那百分之十五,可能最好的地方也是模拟器。

The only place to learn them is in a simulator, and probably the other 15%, the best place is.