加入共享書籤： 
已經看了羅伯特清崎的有錢人的陰謀網站一段時間，對於文章中有些觀念頗覺受用，在此特節錄一些，詳文還請至原網站登錄後閱讀，本網站及本人不負翻譯錯誤之責。
BS我猜是行為科學的縮寫(Behavioural sciences)
以下是此篇文章的重點翻譯節錄，詳細請見原文。
巴菲特被稱為奧馬哈先知，當他說話時全世界的人都豎耳傾聽。當他買進時，全世界都跟進。我非常尊敬華倫巴菲特。他是一位非常聰明的男人以及是一位偉大的投資者，但是是不是他的時代已經過去了?
他的公司柏克夏海瑟威在金融海嘯(2008年9月開始)時期表現得並不好，這家公司股價隨著股市一起崩盤，以我的看法，專業投資人不論是在上漲或是下跌的環境，都應該表現得好才是--但是這僅是我的個人看法與哲學。
- 我提到巴菲特的時代已經過去了的理由是：
他的績效沒有超越市場(大盤) - 他所投資的信用評級公司，穆迪信評(Moody’s)是次貸危機的中心，在許多方面而言，這家公司是一個尚未被逮捕的罪犯。
- 最近他說，富人應該課跟他的秘書類似的稅率。(註:意思是富人的稅繳得太少了)
- 他最近正在撥電話給特別有錢的人並請求他們，多捐一點錢給政府。當他撥電話給我的朋友唐納川普(Donald Trump，美國地產大亨)川普委婉的告訴巴菲特，他自己有能力來做捐款(慈善事業)，不需要政府來幫他做這件事。
- 此時，柏克夏海瑟威公司正在買回庫藏股。
你可能覺得買回庫藏股沒什麼好大驚小怪的，但這事發生在巴菲特先生身上，就是一件大事。專業投資人買回他自己的股票，通常是一個警訊。他可能代表著許多事情：通常一家公司買回庫藏股，可能表示"我公司的股票沒有上漲，但是藉由買回庫藏股來操縱股價上漲，如此會使我的股東快樂且喜歡我。"或者是"我無法找到一宗好的交易"也可能是"我不知如何令公司繼續成長" …
在CNBC接受訪問時，巴菲特說:"他正在買入柏克夏海瑟威的股票，理由是這家公司股票價格低於其內在價值。"此話一出，公司股價立即回升，由巴菲特當領頭羊，然後羊群們就跟著走。
誰知道真相呢?只有巴菲特知道吧!
有2個我不投資股票的理由：
理由1：自公司CEO以降，員工們都是在玩遊戲，許多員工利用公開發行公司的錢當作是他們的私人開支帳戶或是ATM提款機。這就是為何我傾向投資私人公司(未公開發行)。這些公司都是朋友所開，他們擁有這些公司，而且我知道誰可以值得信賴。
理由2：我為了現金流投資，而不是為了資本利得。大部分投資人投資股市是為了資本利得(賺價差)。投資在現金流，我每月或每季都會收到支票，如果對於支票金額不滿意，就撥個電話給朋友企業家們，問他們到底是怎麼回事?
試著打電話給巴菲特，然後看看會發生什麼事？(意思是不會有任何回應，根本就無法接通巴菲特本人)
October 13, 2011
Buffett or BS?
Warren Buffet is often called the “Oracle of Omaha.” When he speaks, the world listens. When he buys, markets move. I have tremendous respect for Warren Buffet. He’s obviously a very smart man and a great investor, but could it be that his time has past?
His company, Berkshire Hathaway (BSH), didn’t do well in the stock market during the crisis. BSH crashed along with the rest of the stock market. It’s my opinion that a professional investor’s portfolio should do well in an up-trending market and even better in a down-trending market—but that’s just my opinion and philosophy.
The reasons I say his time may have past are:
- He didn’t outperform the market.
- His credit rating company, Moody’s, was at the center of the subprime crisis, and in many ways is the culprit that hasn’t been arrested.
- He’s saying the rich should pay a similar percentage in tax as his secretary
- He’s calling the ultra-rich and asking them to donate more money to the government. When he called my friend Donald Trump, Trump politely told him that he was able to make his own donations. He did not need the government to do his donating for him. 5.
- Now, Berkshire Hathaway is buying back its own shares
You may not think that buying your own shares is much news…but it is when Mr. Buffet does it.
Buying your own shares is often a red flag for professional stock investors. It can mean a number of things. Generally, when a company buys its own shares, it means, “I can’t get my share price to go up so I’ll manipulate the share price up by buying my own shares, which will make my shareholders happy and like me.” It can also mean, “I can’t find a good deal,” or, “I don’t know how to grow my company,” or, “I’ve got more money than brains,” or, “The best return for my money is to invest in my company.”
On CNBC, Buffet said he was buying back shares of Berkshire Hathaway because the value of his stock was less than the “intrinsic value of his company.” This sent the price of his stock back up. Where Warren leads, the sheep follow.
Who knows what the truth is? Only Warren knows.
There are two reasons why I don’t invest in stocks.
Reason #1: Employees play too many games, from the CEO down. Many employees use the public company as their person expense account and ATM. This is why I tend to invest in private companies, not public ones. The private companies are businesses of friends, fellow entrepreneurs who own their company and whom I know and trust.
Reason #2: I invest for cash flow, not capital gains. Most people who play the stock market invest for capital gains, wanting the price to go up. Investing for cash flow, I receive a check every month or every quarter. If I don’t like the dollar amount on my check, I call my friend to find out what’s going on.
Try calling Warren and see what happens.
Thank you for supporting COR.
Robert Kiyosaki
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