巴菲特投资名言:We have no exit strategy…

“Unlike LBO operators and private equity firms, we have no “exit” strategy — we buy to keep. ”

— Warren Buffett

“与杠杆收购者及私募公司不同,我们没有所谓的“退出”策略 — 我们买入是为了长期持有。”

— 沃伦.巴非特

注:LBO,是leveraged buyout的缩写,意思是“杠杆收购”,即收购方通过借贷(资产抵押、发行债券等)的方式进行对被收购方的并购,杠杆收购往往被视为敌意兼并(hostile takeover )。

参考链接:

http://www.investopedia.com/terms/l/leveragedbuyout.asp

https://en.wikipedia.org/wiki/Leveraged_buyout

https://www.quora.com/Is-Berkshire-Hathaway-a-private-equity-firm-If-not-what-would-you-call-it-and-what-are-da-differences-between-its-way-and-PE-firms

沃伦·巴菲特名言: When we own portions of outstanding businesses…

“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”

–Warren Buffett

“对于那些拥有卓越管理层,具备优秀业务模式的公司,一旦我们持有其股份,理想的持有时间是永远。”

— 沃伦·巴菲特