M1
M10:00
我叫 Jim Howard。
My name is Jim Howard.
我来自 Indiana 州的 Syracuse。
I'm from Syracuse, Indiana.
我的问题是，Mary Buffett 写的那本《Buffettology》，是不是在所有重要方面都相当准确地呈现了你们在评估一家企业、决定是否收购时所用的那些计算方法？还是说，那位女士只是写了本书而已？
My question is, does the book Buffettology by Mary Buffett present fairly in all material respects the calculations you used in evaluating a business for purchase, or did the lady just write a book?
M2
M20:20
嗯，这本书其实是两位作者写的。不过我会说，不完全是。我会说，从整体上讲，它确实抓到了一些投资理念，但我不会说——这并不是一本我自己会原原本本那样写出来的书。不过我对它也没有什么异议。
Well, it was written by two authors, but I would say that no, I would say that in a general way it gets at the investment philosophy, but I wouldn't say that—it's not the book I would have written precisely, but I have no quarrel with it either.
其实我觉得，光是读 Berkshire 的报告，你应该就能了解到更多——我认为，你从那里得到的我们的理念，会比任何其他方式都更多。
I actually think by reading Berkshire's reports you should be able to get more—I would think you get more of our philosophy than in any other manner.
我觉得 Larry Cunningham——就是那位在 Yeshiva 的 Cardozo School 主办过那场研讨会的人——实际上做得最好。他算是把 Berkshire 这些年写过的各种东西重新整理出来，做成了一个关于我们理念的、组织得最清楚的呈现。
I think Larry Cunningham, the fellow who held the symposium at the Cardozo School at Yeshiva, did the best job actually of sort of reconstructing the various things that have been written at Berkshire into sort of the best organized presentation of our philosophy.
所以他就在这儿卖这本书。
So he's selling it right here.
非常实用。
It's very practical.
对，我昨天还在 Borsheims 外面那个商场里的 Borsheims 那边看到这本书了。Larry 做得非常好，这事跟我一点关系都没有，不过我确实觉得，他按主题来整理这些内容，真的做得非常一流。
Yeah, I had it at Borsheims in the mall outside Borsheims yesterday, and Larry did a very good job, and I had nothing to do with it, but I think that, that, I really think he's done a first-class job of sort of organizing by topic.
我的意思是，把这些我每年陆续写的东西，还有 Charlie 这些年来写的东西，都整理到一起。
I mean, all these things that I've sort of written annually and Charlie's written over time.
所以，如果你问我只选一样东西来读，那大概就是这一本。
So that would be, that would probably be my, if I were picking one thing to read, that would probably be the one.
好的。
Okay.