3.sep.2014 reading tips
1. the National Development and Reform Commission 发改委
the National Development and Reform Commission, declared that the country would produce 60 billion-100 billion cubic metres of shale gas a year in 2020. It needed those forecasts to be accurate. They weren’t.
2.As for the wholly owned subsidiaries themselves, most of them had operated independently for years if not decades, only for Warren Buffett and Charlie Munger to show up one day with cash in hand and possession on their minds.
wholly adv.完全地
subsidiary [səb'sɪdɪərɪ] n.子公司
3.How does Warren Buffett choose the companies he buys?
He has resisted the temptations associated with investing in the “next big thing”, and has also used his immense wealth for good by contributing to charities.
Warren Buffett 巴菲特
temptation n 诱惑力
immense adj.巨大的
4.the company should have consistent earning power, good return on equity, capable management, and be sensibly-priced.
consistent adj.始终如一的How does Warren Buffett choose the companies he buys?
5.This is the crux of value investing: finding companies that have good fundamentals, but are trading below where they should be. The greater the discount, the more room for profitability.
crux n 关键
fundamentals n.基础设施
the National Development and Reform Commission, declared that the country would produce 60 billion-100 billion cubic metres of shale gas a year in 2020. It needed those forecasts to be accurate. They weren’t.
2.As for the wholly owned subsidiaries themselves, most of them had operated independently for years if not decades, only for Warren Buffett and Charlie Munger to show up one day with cash in hand and possession on their minds.
wholly adv.完全地
subsidiary [səb'sɪdɪərɪ] n.子公司
3.How does Warren Buffett choose the companies he buys?
He has resisted the temptations associated with investing in the “next big thing”, and has also used his immense wealth for good by contributing to charities.
Warren Buffett 巴菲特
temptation n 诱惑力
immense adj.巨大的
4.the company should have consistent earning power, good return on equity, capable management, and be sensibly-priced.
consistent adj.始终如一的How does Warren Buffett choose the companies he buys?
5.This is the crux of value investing: finding companies that have good fundamentals, but are trading below where they should be. The greater the discount, the more room for profitability.
crux n 关键
fundamentals n.基础设施
