M20:54
我上大学时回答的问题都没这么多，不过他们现在大概各自管理着——现在是略微超过七十亿美元。
I got through college answering fewer questions than that, but they are managing about— it's a little over $7 billion now.
我们会不时调整这个数字，而且只会往上调，但我们不会按月去调整。
We will change that periodically, and it will always be upward, but we don't change it month by month.
我的意思是，他们的投资组合价值可能会月月变化，但未来他们手上会管理比现在更多的钱。
I mean, their portfolios may change in value month by month, but they will be handling more money in the future than they are now.
我觉得在某种程度上，他们也在——他们和我一样，你知道，随着这些年过去，我有过那种不太愉快的经历，就是手上要管的钱越来越多。
I think to some extent, they are— they as well as I, you know, I've had the unpleasant experience of handling more and more money as the years go by.
他们也在体会到，资金规模变大之后，事情确实会稍微更难一些，但尽管如此，继续把资金转给他们来管理，还是要好得多。
They are seeing that it does get a little more difficult as the sums get larger, but it's still far better to keep moving money over to them.
随着时间过去，要逐步从我手上转出去，这一点还会继续如此。
And away from me as time passes, and that'll continue to be the case.
除了投资能力之外，他们两位对 Berkshire 来说也都是非常棒的补充，因为他们每个人都非常懂企业经营。
They're both terrific additions to Berkshire beyond their investment skills in that they each know a whole lot about business.
他们也非常懂管理，而 Berkshire 这边有很多事情会摆到我桌上来，我通常会有个判断，但我自己就是不太想亲自去推进，因为那可能会花很多时间，尤其是一旦牵涉到谈判一些小细节之类的事。
They know a whole lot about management, and there are a lot of things that come across the desk at Berkshire that I get an idea on, but I just don't feel like carrying out myself because they might involve a lot of time, particularly if they get involved in negotiating small points and that sort of thing.
所以 Ted 和 Todd，正如我在报告里提到的，除了投资管理职责之外，在很多别的事情上也帮了大忙，给 Berkshire 增加了很大的价值。
So Ted and Todd have both, as I mentioned in the report, been very helpful in doing things beyond their investment management duties that have added significant value to Berkshire.
而且我觉得，毫无疑问，这种情况还会继续。
And I think it's a cinch that that will continue.
他们自己也愿意做。
They want to do it.
他们也很享受做这些事。
They enjoy doing it.
而且他们做这些事，完全不会因此要求额外报酬。
They don't ask for extra compensation at all because they do it.
他们和 Berkshire 是百分之百同频的。
They're 100% attuned to Berkshire.
他们知道我是怎么想的，如果我跟他们说，你知道，这里有一笔交易，我觉得如果你能做成的话，是说得通的。
They know how I think, and if I tell them, you know, here's a deal that I think makes sense if you can get it done.
他们会知道为什么这笔交易说得通，也知道该怎么把它做成，而且他们愿意花时间去完成。
They'll know why it makes sense, and they'll know how to get it done, and they'll spend the time to do it.
所以，把他们请进 Berkshire，对 Berkshire 来说是一个非常非常大的加分项，而且随着时间推移，他们会变得越来越重要。
So it's been a big, big plus for Berkshire to bring them on board, and they'll be more important factors as the years go by.
好吧，Charlie，不好意思。
Okay, Charlie, I'm sorry.
没什么要补充的。
Nothing to add.
好，怎么样？
Okay, how's that?
九号提问点。
Station 9.