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毛主席语录：
我们的同志在困难的时候，要看到成绩，要看到光明，要提高我们的勇气！
国际歌：
从来就没有什么救世主，也不靠神仙皇帝，要创造人类的幸福，全靠我们自己！
死盗墓者‘扒坟’就是花街制造的童话故事里的股神。
什么狗屁眼光和水平？！！！
如果你能洞若观火的话，其实‘扒坟’ 和‘卖道夫’ 是花街里的一丘之貉！
Warren Buffett still optimistic after rough 2008
OMAHA, Neb. – Warren Buffett says the economic turmoil that contributed to a 62 percent profit drop last year at the holding company he controls is certain to continue in 2009, but the revered investor remains optimistic. （如果不做假账，肯定是亏本的！）
Buffett released his annual letter to Berkshire Hathaway Inc. shareholders Saturday morning, and detailed the worst of his 44 years leading the Omaha-based company. But in between the news of Berkshire's sharply lower profit and its nearly $7.5 billion investment and derivative losses, Buffett offered a hopeful view of the nation's future. （加是间接投资肯定不止！）
He said America has faced bigger economic challenges in the past, including two World Wars and the Great Depression. （靠，还想精神喊话，还想做先知先觉的神仙？！！！）
"Though the path has not been smooth, our economic system has worked extraordinarily well over time," Buffett wrote. "It has unleashed human potential as no other system has, and it will continue to do so. America's best days lie ahead." （ＣＥＯ都这么说！）
Within Berkshire, Buffett said the company's retail businesses, including furniture and jewelry stores, and those tied to residential construction, such as Shaw carpet and Acme Brick, were hit hard last year, and they will likely continue to perform below their potential in 2009.
（为今年继续倒霉埋下伏笔！）
But he said Berkshire's utility and insurance businesses, which includes Geico, both delivered outstanding results in 2008 that helped balance out the other businesses.
（大熊市里什么都不保险了，现在是政府输血的结果！）
Berkshire's 2008 net income of $4.99 billion, or $3,224 per Class A share, was down from last year's $13.21 billion, or $8,548 per share, in 2007.
（做假账的结果！）
The two analysts surveyed by Thomson Reuters on average expected Berkshire to report a 2008 profit of $5,534.50 per share. But the estimates typically exclude one-time items.
（吹鼓手就是臭狗屎！，给钱吃狗屎都行！）
Buffett estimates Berkshire's book value — assets minus liabilities — declined 9.6 percent to $70,530 per share in 2008. Berkshire's book value declined only one other time under Buffett, and that was a 6.2 percent decline in 2001.
（估计全是估计！）
But Berkshire's 9.6 percent decline still beat the S&P 500's 37 percent decline in 2008, the report said.
（现在比烂是一种时髦！）
Buffett devoted nearly five pages of his letter to Berkshire Hathaway shareholders to explaining the role derivatives played in the company's investment losses last year.
（此地无银三百两，画蛇添足的继续呼悠！）
Buffett said he initiated all of Berkshire's 251 different derivative contracts because he believes they were mispriced in Berkshire's favor.
（打死都不能承认水平不行！只能承认是事出有因！）
"If we lose money on our derivatives, it will be my fault," Buffett said.
（屁话连篇！死猪不怕开水烫！）
Berkshire has received $8.1 billion in payments for derivatives which can be invested until the contracts expire years from now.
（又画饼充饥了）
But Berkshire has to estimate the value of its derivatives every quarter. Buffett says he supports that mark-to-market accounting, but the formula used to estimate that value can produce absurd results for long-term contracts.
（其实骨子里就是反对mark-to-market accounting！！！）
Buffett said he made at least one major investing mistake last year by buying a large amount of ConocoPhillips stock when oil and gas prices were near their peak.
（没想到世界上还有这么ＳＢ的神仙！，恐怕当时是为了花街的共同利益而不得不做黄继光的吧！）
Berkshire increased its stake in ConocoPhillips from 17.5 million shares in 2007 to 84.9 million shares at the end of 2008.
（真是大手笔，增长了３。８５倍以上！）
Buffett said he did not anticipate last year's dramatic fall in energy prices, so his decision cost Berkshire shareholders several billion dollars.
（当时连老熊都知道，还号召大家一起空石油。股神就这么如此糊涂？！是假装糊涂吧！！！）
Buffett says he also spent $244 million on stock in two Irish banks that appeared cheap. But since then, he's had to write down the value of those purchases to $27 million.
（难怪ＨＴ里做多银行股的有如过江之鲫，前赴后继，死而后已的比比皆是！！！）
Berkshire owns a diverse mix of more than 60 companies, including insurance, furniture, carpet, jewelry, restaurants and utility businesses. And it has major investments in such companies as Wells Fargo & Co. and Coca-Cola Co.
（如果‘扒坟’真是个男子汉，就应该在２００７年结束经营，反还全部本金给投资人，并且告诫他们三年后再看！！！） |
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狗仔卡
发表于 2009-2-28 11:51 AM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2009-2-28 11:56 AM
谢谢。
