查理·芒格的15个人生关键词
作为科班出身的气象学家和律师,芒格从未在大学接触过经济学、市场营销学、金融学和会计学,那么他又是如何成为最伟大的商业天才的呢?
让我们再次翻开这本《查理·芒格的投资思想》,透过书中的15个关键词,一起领悟芒格的投资理念、对经济基本面的思考,以及处世智慧。
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1.
盲从
随大流只会让你更靠近平均值。
Mimicking the herd invites regression to the mean.
2.
快钱
渴望一夜暴富是相当危险的。
The desire to get rich fast is pretty dangerous.
3.
河水淹死会水人
尽量别犯愚蠢的错误,而不是尽量表现得很聪明,拥有长期优势的投资者正是凭借这点获得了难以想象的收益。正如古训所说:“河水淹死会水人。”
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. There must be some wisdom in the folk saying: “It’s the strong swimmers who drown.”
4.
智慧
承认无知是智慧的开始。
Acknowledging what you don’t know is the dawning of wisdom.
5.
别做傻事
人们都试图变得精明,而我只想证明自己并不是在做傻事,但这比许多人想象的要困难得多。
People are trying to be smart—all I am trying to do is not to be idiotic, but it’s harder than most people think.
6.
打破思维枷锁
使用定量的手段可以找到划算的买卖。一旦我们跨越思维枷锁,重新意识到可能会让格雷厄姆感到震惊的这一点,那么我们就能开始思考更好的投资机会了。
Once we’d gotten over the hurdle of recognizing that a thing could be a bargain based on quantitative measures that would have horrified Graham, we started thinking about better businesses.
7.
静心
静心等待将帮助你成为一名投资者,然而大多数人都处于迫不及待的状态。
It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.
8.
耐得住寂寞
“你必须要非常有耐心,你必须要等待,直到某件事出现,你才会发现自己所付出的代价是值得的。”这句话是违反人性的,谁也没办法整天坐在那里无所事事,只是等待而已。可是这对我们来说很容易,因为我们还有很多其他事情要做。不过,对于一个普通人来说,你能想象他干坐了 5 年而什么也不做吗?你觉得自己不够积极进取,也没有价值可言,更觉得自己做了一件愚蠢的事情。
You have to be very patient, you have to wait until something comes along, which, at the price you’re paying, is easy. That’s contrary to human nature, just to sit there all day long doing nothing, waiting. It’s easy for us, we have a lot of other things to do. But for an ordinary person, can you imagine just sitting for five years doing nothing? You don’t feel active, you don’t feel useful, so you do something stupid.
9.
总体规划
在伯克希尔哈撒韦公司,我们从来不会有总体规划。任何想要做总体规划的人都会被解雇。因为总体规划考虑的只是制定过去的情况,而不会考虑新的现实情况。我们希望员工能够关注新信息。
At Berkshire there has never been a master plan. Anyone who wanted to do it, we fired because it takes on a life of its own and doesn’t cover new reality. We want people taking into account new information.
10.
财富的来源
韩国的汽车业务是从一无所有起步的。在超过 10 年的时间里,韩国人每周工作 84 小时,这还不包括加班。与此同时,每个韩国小孩从学校回家后都要与家教一起从下午到晚上学习整整 4 个小时。当你输给这样一群人时,你还会感到惊讶吗?除非你是一个傻子。
Koreans came up from nothing in the auto business. They worked 84 hours a week with no overtime for more than a decade. At the same time every Korean child came home from grade school, and worked with a tutor for four full hours in the afternoon and the evening, driven by these Tiger Moms. Are you surprised when you lose to people like that? Only if you’re a total idiot.
11.
推翻最中意的想法
在过去的任何一年,如果你一次都没有推翻过自己最中意的想法,那么这一年就算浪费了。
Any year that passes in which you don’t destroy one of your best loved ideas is a wasted year.
12.
每天进步一点点
每天结束时,努力使自己比早上起床时更加睿智一些。忠诚且出色地履行自己的职责,每天进步一点点。最终,如果足够长寿,大多数人都会获取应得的回报。
Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Slug it out one inch at a time, day by day. At the end of the day—if you live long enough—most people get what they deserve.
13.
树立正确的目标
加州理工学院的大部分毕业生都进入了金融行业......他们忽悠那些不如自己聪明的客户,从中挣了很多钱,这是错误的。最优秀的人才投身聚敛钱财的行当,我认为这是一种损失。
A big percentage of Caltech grads are going into finance....They’ll make a lot of money by clobbering customers who aren’t as smart as them. It’s a mistake. I look at this in terms of losses from the diversion of our best talent going into some money-grubbing exercise.
14.
压力
随着年龄的增长,我变得越来越富有经验。我好像这样一个人:他从摩天大楼往下跳,在下降到第五层楼的时候说:“到目前为止,这是一段不错的旅程。”
I’m getting more experienced at aging. I’m like the man who jumped off the skyscraper and at the 5th floor on the way down says, “So far this is not a bad ride.”
15.
职业
职业生涯的三条规则:1. 不要销售你自己都不愿意买的东西;2.不要为你不尊重和不欣赏的人工作;3. 只和你喜欢的人一起工作。
Three rules for a career: 1. Don’t sell anything you wouldn’t buy yourself; 2. Don’t work for anyone you don’t respect and admire; 3. Work only with people you enjoy.
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