저자: 미상 · 외국인
요약 보기
한 줄 결론: 이 영상은 종목·자산 가격 방향에 대한 예측이 없고, 버핏과 멍거의 개인 투자·경영 철학과 저축 문제에 대한 일반론을 다룬다. 스포츠팀 투자: 버핏은 시카고 컵스 인수 제안을 받았으나 700백만 달러 가격에서는 사지 않겠다고 답한다. 과거에는 케이블TV로 가치가 크게 늘었지만 수익의 상당 부분은 선수에게 돌아갔다고 설명한다. 스포츠팀 소유는 명성 욕구 때문에 이루어지는 경우가 많다고 본다. 자기 자신에 대한 투자: 버핏은 가장 중요한 투자는 자기 자신에 대한 투자라고 강조한다. 16세에 받은 평생 차 한 대를 관리하듯 몸과 정신을 관리하라는 비유를 든다. 인간관계 자질: 같이 일하고 싶은 사람이 되는 것이 중요하다고 본다. 관대함, 유머 감각, 시간 엄수, 공을 과장하지 않는 태도, 타인을 돕는 습관 등을 든다. 이런 습관은 청소년기에 형성되어 평생 간다고 말한다. 판매 기술 방어: 영업자나 대출 기관의 설득 기술에 휘둘리지 않도록 치알디니의 '설득의 심리학' 등의 책을 추천한다. 미국의 저축률: 미국인은 저축을 거의 하지 않고, 아시아는 소득의 약 40%를 저축한다고 언급된다. 버핏은 저축률 하락과 무역적자 누적을 인정하지만 미국의 실질 국부는 계속 증가해 왔다고 본다. 버크셔 주식을 보유하면 이익잉여금이 쌓여 자동 저축이 된다고 설명한다. 미국 1인당 GDP는 약 4.7만 달러라고 언급한다. 독일 방문: 독일 가족 소유 기업이 사업 매각을 고려할 때 버크셔를 떠올리게 하려는 목적이 있다고 밝힌다. 멍거는 독일의 기계·공학 전통을 높이 평가한다. 출연자 전망: 종목이나 자산 가격에 대한 1~3개월 방향 예측 발언은 없다.
다듬은 글
Would you like to buy the Chicago Cubs from Sam Zell? And my question is, do you think buying baseball equipment is a good investment? Well, it's been a good investment. It has been a good investment. It hasn't necessarily been a good investment because profits have increased a lot, although cable television multiplied the value considerably.
In fact, television expanded the stadium. I think Wrigley Field probably has a capacity of less than 40,000 people. So , there were 40,000 seats available when I went there for my first Major League Baseball game in 1939. But then came television, and then cable television, and then pay-TV for baseball and sports networks, and that multiplied attendance considerably.
However, a large part of that went to the players. But something remained with the owners. When I was your age, I would have thought that if I earned a lot of money, I would have bought a team. Well, there were many things I thought I would do then that I haven't done since. So I don't think that if the Cubs are sold for 700 million and you have a percentage of that amount in your bank account, I don't think I would buy them at that price.
There is a psychological boost for many people from owning sports equipment. I mean , it makes them famous, maybe not in the way they expected when they bought the equipment, but it's a way to get instant fame and recognition and all that. And as long as we live in a society where people have a lot of money, a certain percentage of people will want to be known for the fact that they have done very well in life, and a sports team is certainly one way to do that.
Obviously, that 's not the only reason why people buy them. I'll say this: you weren't the first one to ask me about buying the Cubs. I've received calls not from Sam, but from other people, and I think I'll leave it to you. Charlie, are you thinking of buying a sports team? It would be harder to convince him than it was to convince me.
I could do something stupid like that, but hey , you've already done it once. Touch. Number 10. The most important investment you can make is in yourself. I mean, very, very, very few people manage to translate their potential power into the actual power of their output in life. And potential exceeding realization is a huge factor for many people.
And I want an example that you could try with your class. I tell them this when I speak to groups of high school students. Imagine you are 16 years old and I am going to give you a car to choose from today, any car you want to choose. But there was a condition. It was the only car you were going to own for the rest of your life.
So, you either had to make it last or you could choose the most elegant one you wanted, a Maserati, whatever. How would you treat him? Well , of course, you'd read the owner's manual about five times before turning the key in the ignition. You would store it in the garage. You could fix any small rust immediately.
You would change the oil twice as often as you should because you know it has to last a lifetime. And then I tell the students, " You have one body and one mind, and it's going to last your whole life, and you'd better treat it the same way, and you 'd better start treating it right now , because it's no use starting to worry about it when you're 50 or 60 years old and the rust, that little speck of rust, has become a big thing." So whatever your students do invests in their mind and body, especially their mind.
We don't work too hard on bodies around here. But you know, it's worth it . It's worth it in an extraordinary way. Your best asset is yourself. And you can largely become the person you want to be. When I teach at universities, I ask them to imagine that they are going to buy one of their classmates a 10% discount for the rest of their life.
Who would you choose? They wouldn't choose the one with the highest IQ or the one with the highest grades. They choose the person who will be effective. And the reason people are effective is because other people want to work with them. They want to be close to them. And other people do n't want to be around, and those are qualities that a person acquires.
Be generous, have a sense of humor, arrive on time, don't take credit for more than you do, but for less, help others. All sorts of human qualities attract other people, and then there are things that repel them. And those are habits, and they are habits that you acquire when you are the age of your students.
The habits you have today will stay with you for life, so why not have a good one? That is the only message I would give to my students. Well, I have a specific suggestion that answers your specific question. I would add to his extensive repertoire by teaching them how to avoid being manipulated against them by salespeople and lenders who use the usual tricks of the sales and lender trade, and I couldn't start with a better book than Cialdini's The Influence .
And I believe Bob Cialdini, who is a shareholder, is here somewhere in this audience. And I have a new textbook that I suggest you add to your class, which is The Influence of Cialdini. And he just released a new book that goes on sale in Omaha today, I think, for the first time. And it's called Yes.
Well, here are two books I suggest you add to your class. Historically, Americans, at the individual, municipal, state, and federal levels, do not save. On the other hand, Asians save approximately 40% of their income. Living beyond one's means is an American custom that, obviously, cannot continue.
First, why do n't Americans save? And second, what can we do to correct this problem in the long term? Thank you. Well, undoubtedly the savings rate in this country has decreased significantly and may even be negative, although it seems to me that the value of the country in real terms, I think, increases quite significantly from one decade to the next.
Therefore, I'm not exactly sure how it happens without savings , but it seems to me that this country as a whole is worth considerably more than it was 10, 20, 30 or 40 years ago in real terms. Therefore , something good has happened, but the propensity to save seems almost eight times greater, at least in the vast majority of cases.
I mean, we have our friend from Florida teaching kids to save money, and I think that has some impact. And, uh, I mean, I should have thanked Andy Heyward for that magnificent cartoon this morning, and he has a program I'm involved in that we think in cartoon form might influence some young people to save.
If you own Berkshire shares, you automatically save because we retain earnings and you have a stake as a director; those retained earnings are a form of savings. Therefore, you can spend every dollar of your income that you earn in other ways, and if you have Berkshire, you're net saving, which is a practice I've been following for 43 years.
Sometimes, to my family's dismay, they say, uh, no, I don't know that the savings rate is based on calculations made on consumption and imports, etc. And, uh, we're importing $700 more goods and services than we're exporting, and that means someone else is saving for us, basically, while we're exporting property and claims against, uh, the United States.
I think that's going to have consequences over time, but we're so rich that, uh, it might not really be obvious. I don't think the average American standard of living is going to improve in real terms, although I can say that it is very, very, very disproportionate to the extent that the super-rich, in particular, benefit compared to the middle class.
But in net terms , I think the country, the country, will be on par with our current policies, the net value, in real net terms, the value, uh, on a per capita basis of the country, will increase decade by decade, decade by decade, but nothing like what will happen in places like, uh, China or Korea in percentage terms, where the savings rate is very high.
Well, this country may not save much because it may not need to save much. We have a GDP per capita of $47,000. It may not be very well distributed, but we are a very, very, very rich country. And a very rich country may not need to save as much as a country that is trying to reach its potential. Charlie?
I have nothing to add to that. Okay, number 11. Mr. Buffett, Mr. Munger. This sounds serious. I 'm used to it by now. My name is Uli Barth, from Munich. Again, I'm from Germany. We will meet in about 14 days in Germany, in Frankfurt, at the Union Club. Can I ask you something before everyone else? What are your reasons for coming to Germany?
Thank you. Yes, it's very simple. We want more; it's not that there have hardly been any until now, but we would like to see more family owners of German companies, in some cases within the family, perhaps for 100 years, perhaps for 20 years, whatever. We want more business owners to think of Berkshire Hathaway when they feel the need to monetize their business.
We want to be on your radar. We want to be in the same position that the Wertheimer family or the Paul Andrews family were in recently, or the Pritzker family, when they have some reason, which may be one of them, for which they want to convert the ownership of a good company that they care about a lot into money to think about calling us.
And if you care about your business, we're your best option. And I don't think we're anywhere near as prominent on Germany's radar as we are in the United States . And that's something I probably should have worried about sooner. But now I'm going to visit four European countries in a few weeks, and by the time we leave, I think we'll be a bit more well-known.
What we're looking for, what we can do for those companies, why they should call us. I think that in a month we will be more well-known than we are now. Charlie? Yes, and Germany is a particularly advanced civilization in terms of inventiveness and engineering. Now you walk into an American printing shop and the names of the machines are all German.
Not all, but most. Now, some of the German names are from Germans who came to the United States and created printing equipment companies. But the influence that Germans have had in one field after another in the United States is simply astonishing. It's a very logical place for us to look. It seemed that maybe Charlie should go. Number 12.
댓글 0