股神巴菲特宣布患前列腺癌

[闲得慌]

北京时间4月18日早间消息，伯克希尔哈撒韦公司的首席执行官、明星投资家沃伦-巴菲特在本周二被诊断出患有一期前列腺癌。但表示，目前这远未对巴菲特的生命造成威胁，甚至不会显著影响身体机能。

巴菲特在对外发布的一份声明中表示，他将会进行为期两个月的治疗，内容包括从今年7月中旬开始接受每日的放射性治疗。巴菲特还补充称，在此期间其出行将受到限制，但日常工作不会发生变化。

巴菲特还在声明中表示：“从目前的情况来看，我感觉不错，仿似处于正常的良好健康状态中。我的精力依然十分充沛。我之所以发现自己患癌，是因为在近期，我的前列腺特异性抗原(PSA)水平大大超正常水平，活检似乎得到确认。如果病情发生变化，我会立即将消息告知股东，但我认为这一天还很遥远。”

在今年2月底，巴菲特向投资者表示，伯克希尔哈撒韦公司已经找到了继任者，但并未透露此人的具体信息。统计数据显示，现年81岁的巴菲特经营的伯克希尔哈撒韦公司的业务范围已经遍及全球70多个国家和地区，员工数量超过了27万人。

http://www.wenxuecity.com/news/2012/04/17/1731567.html

 

[richard wang]

准备登船了？

 

[lazycatcat]

So you are following Buffett or just read it from headline news. The reality will set in one day and Buffett displays great integrity and courage in letting shareholder know as soon as the complete picture is available.

I think it is without question that Buffett is the best CEO one can hope for a public company: earning $100K per year without stock option, 100% dedicated to the company and honest to shareholders, the smartest investor, 99% of personal asset in the company ...

 

[lazycatcat]

准备登船了？

The 5-year survival rate is 99.9%. Intel ex CEO Andy Grove had similar cancer in 90's and is still alive...

 

[闲得慌]

So you are following Buffett or just read it from headline news. The reality will set in one day and Buffett displays great integrity and courage in letting shareholder know as soon as the complete picture is available.

I think it is without question that Buffett is the best CEO one can hope for a public company: earning $100K per year without stock option, 100% dedicated to the company and honest to shareholders, the smartest investor, 99% of personal asset in the company ...

如果跟乔教主比，那当然是一个天上，一个地下啦！

 

[lazycatcat]

Berkshire will definitely suffer a loss without Buffett. However, the company is in good shape and its current share price is reflecting the eventuality of Buffett.

Simply put, the book value of Berkshire is around $100,000 per share. There is around $15,000 per share deferred tax. Essentially, the company is being priced at close to liquidation price, which should be higher than the book value.

Without Buffett, sweet deals like BAC preferred, Burlington Railway etc probably won't happen too easily. The re-investment of profit will suffer and thus the growth. In return, a dividend probably will be initiated at say $5B a year (50% payout). This is equal to $2.00 on $80.00 B share.

If share price falls sharply, a buyback is likely: initially for $15 - $20 B (and still leave $20B cash on the book). Subsequently, $5B per year shall be sustainable.

In any case, near-term impact shouldn't be too hard.

 

[lazycatcat]

如果跟乔教主比，那当然是一个天上，一个地下啦！

Steve Jobs is also a great CEO...

 

[闲得慌]

Steve Jobs is also a great CEO...

公开病情和隐瞒病情都一样伟大？TMD有没有一点原则？

 

[lazycatcat]

Before Graham decided to dissolve his venture, he invested large amount in companies like AT&T.

Buffett's recent investment in capital-intensive companies may bear some resemblance, although a larger factor is probably due to large size of capital he has to deploy.

Burlington and Mid America are all capital intensive but have stable income. If inflation comes back and capital becomes expensive, the cheap capital invested so far hopefully will bear fruits.

 

[lazycatcat]

公开病情和隐瞒病情都一样伟大？TMD有没有一点原则？

Let's bear manners when discussing great people. The situation with Jobs was different and I am sure Apple board must have been notified. It took courage for Jobs to focus on delivering great products when he first knew he had only half year left.

Berkshire is very loosely managed and Buffett is only responsible for deploying capital. If he suddenly passes away, the only immediate consequence is money starts to pile up in the bank. That is it !

Jobs was more involved with daily management and any huge distraction would put Apple in a weak position. So, getting things set up first internally and then disclose is not complete out of line.