If others had to come up with inventions ahead of their time to be on the top of Forbes list.

如果別人要想上福布斯榜首，必須要有超前的發明。

This man has been the second richest man in the world for many years in a raw by simply

這個人多年來一直是世界第二大富豪，在一個生硬的，只是由

investing.

投資。

And what sets him apart from others is that he started with absolutely nothing.

而他與別人不同的是，他完全是白手起家。

Today, we will take a look at how warren buffet invests and how exactly he made over 85 billion

今天，我們就來看看沃倫-巴菲特是如何投資的，他到底是如何賺到850多億的。

dollars.

美元。

But first, let's take a look at how buffet got into the investing first.

但首先，我們先來看看buffet是如何先進入投資領域的。

Warren buffet grew up in an average family, so he quickly learned the value of money.

沃倫-巴菲特生長在一個普通家庭，所以他很快就知道了金錢的價值。

At the age of 13, he started delivering newspapers, selling magazines and made a substantial amount

13歲時，他開始送報紙、賣雜誌，賺了一筆不小的錢。

of money.

的錢。

Which he invested later on into 40 acres of farmland.

後來他將其投資成40畝農田。

He realized that if he wants to grow faster, he needs to get into the business.

他意識到，如果想更快地發展，就必須進入企業。

When he turned 15, he used his savings to buy pinball machines and placed them in barber

15歲那年，他用自己的積蓄買了彈珠機，放在理髮店裡。

shops.

店。

Within few months he owned 3 different machines and then sold the business for 1200 dollars

在幾個月內，他擁有了3臺不同的機器，然後以1200美元的價格賣掉了這筆生意。

or over 16 thousand dollars in today's money.

也就是今天的一萬六千多塊錢。

Fortunately, he was rejected by Harvard business school because then he applied to Columbia

幸運的是，他被哈佛商學院拒絕了，因為後來他申請到了哥倫比亞大學。

business school, where he met his Mentor, Benjamin Graham.

商學院，在那裡他遇到了他的導師，本傑明-格雷厄姆。

Graham taught him how to win consistently in the stock market without speculations.

格雷厄姆教會了他如何在股市中不投機取巧，持續贏利。

His method was simple, find undervalued companies, stocks that are priced lower than they actually

他的方法很簡單，找到被低估的公司，即價格低於實際的股票。

worth.

價值。

Buffet quickly realized the potential of this strategy.

巴菲特很快意識到了這一戰略的潛力。

So he went to work with his mentor at his investment partnership where he mastered his

於是他去了他的投資合夥公司跟導師工作，在那裡他掌握了他的。

method.

方法。

When Graham decided to retire, Buffet has already saved up around 150K dollars or 1.5

當格雷厄姆決定退休的時候，巴菲特已經攢下了15萬美元左右的資金，也就是1．

million dollars in today's dollars.

萬元，以今天的美元計算。

So, he decided to start his own investment partnership.

於是，他決定成立自己的投資合夥企業。

He applied the same strategy.

他採用了同樣的策略。

But in general, he was mainly looking for small companies that are doing just good enough,

但總的來說，他主要是尋找那些做得剛剛好的小公司。

but still, are undervalued.

但還是被低估了。

Such as, Dempster Mill, a windmill manufacturing company which was a struggling business at

如，鄧普斯特磨坊，是一家風車製造公司，它的經營狀況在

a time.

一次。

It was trading at 18 dollars per share.

它的交易價格是每股18美元。

But Buffet realized that company's assets worth 75 dollars per share.

但巴菲特意識到，公司的資產價值75元/股。

So even if the company goes bankrupt, assets could be sold and he would still make a profit.

所以即使公司破產了，資產也可以賣掉，他還能賺到錢。

So over the next couple of years, he kept acquiring Dempster's Mill shares until he

所以在接下來的幾年裡，他不斷收購Dempster's Mill公司的股份，直到他...

became the majority shareholder.

成為大股東。

In order to make a good profit from his investment.

為了讓自己的投資獲得良好的收益。

Buffet changed the management, improved the operations and then sold the company three

巴菲特改變了管理層，改善了經營狀況，然後把公司賣掉了，三

times higher, than the amount he invested (80 dollars per share).

倍，比他投資的金額（每股80元）高。

Buffet made multiple similar investments where he made a substantial profit.

巴菲特進行了多次類似的投資，在這些投資中，他獲得了可觀的利潤。

And in less than 5 years of starting his partnership, the value of his investments grew to millions

而在開始合夥不到5年的時間裡，他的投資價值就增長到了數百萬元

of dollars.

的美元。

In fact, his personal wealth finally crossed a million dollar.

事實上，他的個人財富終於突破了百萬元。

After acquiring Berkshire Hathaway, his approach to investing changed.

收購伯克希爾-哈撒韋后，他的投資方式發生了變化。

Instead of focusing on small struggling companies.

而不是專注於小型的困難公司。

He started buying more successful companies that are undervalued, such as the American

他開始買入更多被低估的成功公司，比如美國的。

Express.

快遞。

But, what actually brought him up to the top of Forbes list is the insurance business.

但是，真正讓他登上福布斯榜首的是保險業務。

Buffet realized that Insurance companies work exactly like banks.

巴菲特意識到，保險公司的工作方式和銀行一模一樣。

You regularly pay your premium for example, but only get your money back, if you get into

比如你定期繳納保費，但只有在你進入的情況下，才能拿回你的錢。

an accident.

意外。

So insurance's companies have a constant flow of cash.

所以保險的公司有源源不斷的現金流。

Which are technically considered liabilities.

哪些在技術上被認為是負債。

Exactly like the money you deposit into a bank.

就像你把錢存進銀行一樣。

Suddenly, Warren Buffet found himself having access to an enormous amount of money which

突然間，巴菲特發現自己可以獲得鉅額的資金，而這些資金

he quickly started investing in the right companies.

他很快就開始投資合適的公司。

And in the next few years, his personal net worth crossed a billion dollar.

而在接下來的幾年裡，他的個人淨資產也突破了10億美金。

He kept doubling his net worth every few years by investing in some of the most successful

他通過投資一些最成功的公司，使自己的淨資產每隔幾年就翻一番。

companies such as Coca-Cola, Bank of America, GM and so on.

公司，如可口可樂、美國銀行、通用汽車等。

Until he became the richest man in the world in 2008.

直到他在2008年成為世界首富。

Buffet didn't achieve that by simply speculating and hoping to win.

巴菲特並不是靠簡單的投機取巧和希望贏來實現的。

But rather understood how the stock market works and consistently used the same strategy.

而是瞭解了股市的運作方式，並始終如一地使用相同的策略。

The good news is that, you can also learn how the stock market works and certainly be

好消息是，你也可以學習股市是如何運作的，並肯定是

like warren buffet if you put the effort.

像沃倫-巴菲特，如果你把努力。

And for that reason, we have found for you a perfect course on skillshare that will teach

為此，我們為您找到了一門完美的技能共享課程，它將教會您

you everything you need to know.

你需要知道的一切。

We can't cover everything here on this channel since our videos are extremely difficult to

我們不可能在這個頻道上涵蓋所有的東西，因為我們的視頻是非常困難的。

make.

使。

So, by using the link in the description, you will get the course for free for the first

所以，只要使用描述中的鏈接，您就可以免費獲得該課程的第一個

2 month and help this channel.

2個月，幫助這個管道。

So, give it a try.

所以，試一試吧。