I think one of the mistakes that I think you can make in a company is to build really close friendships.
我想在公司中人们可能会犯的一个错误是,建立非常亲密的友情。
So for me, it's kind of nice to be able to work at one of those agencies in town.
所以对我来说,能够在这一带的公司工作是件令人高兴的事。
I want to talk about certain kinds of monoline insurance companies that-- the biggest--one category is property and casualty.
下面我想分类介绍一下,单线保险公司,最大的一类是财产保险公司
So the other guy is pricing below costs, the way which I avoid making losses is to set my price above his price.
所以另一家公司定价低于成本,我想要避免损失的方法是,将我的价格设定得比它高
I'm now the CEO of Google.
现在,我是谷歌公司的首席执行官。
My future plan, my record company is going to be one of the biggest independent record companies
未来的计划是让我的公司变成最大的独立唱片公司之一,
You know, my experience with this is, when you go from having a small number to a really large number of people, if you don't a process, it becomes real chaos.
我的经验是,公司的员工由很少,增长到很多,如果没有一个程序,很容易乱套。
I'll give you four food companies, and tell me which one you think is the world's largest.
我将列出四家食品公司,请大家告诉我你认为,哪一家公司是世界最大的食品公司
I mean, you think about what happened when Steve Jobs came back to the company.
我的意思是,你想想当,史蒂夫·乔布斯回到公司会发生什么。
and then I had an internship first after my junior year, that's my third year.
在大三结束时,我首先是得到了这家公司的实习机会。
I'm actually going for, to see one of my colleagues who works in a firm.
其实我是去看望我的同事,他在一个公司工作。
Yeah. I am interested in, I was interested in how different companies committed fraud
好的。我感兴趣的是,公司如何犯下欺诈罪行,
I mean, that's amazing. These companies were not existing 10 years ago.
我的意思是,太惊人了。这些公司10年前还都不存在呢。
Okay. I'm a producer for a record label called B-Boy Records. One of the original labels
好的,我是B-Boy唱片公司的制作人。B-Boy是最早成立的唱片公司之一。
My favorite commercial right now is... I think it's GEICO, which is an insurance provider.
我现在最喜欢的广告是……我想是GEICO,是个保险公司。
It's mine if I own one thousand shares and there are one thousand outstanding.
公司是我的,我有一千股,而公司总共也就发行了一千股
So here I've interpreted these terms here as transport costs, and I've interpreted what makes the products different is the fact that one of them is selling at one of the end of the town, and the other one is selling at the whitehead end of town.
我将这个条件转化成了交通成本,并且我将造成产品的不同转化为,是由于一家公司在城的一边销售,而另一家公司在城的另一边销售
If I own the last one hundred shares, it's all mine; I don't have to take any--I can do whatever I want.
如果最后一百股是我的,那公司就是我的,我不需要付任何...都是我说了算
I won't bother to write it separately for Firm 2, it's going to be the quantity it sells times the price it gets for that quantity, minus that quantity it sells times the cost it incurs in producing that quantity.
我不用另外写公司2的收益了,收益是销量,乘以对应的价格,减去销量乘以产品,的生产成本
In the early post-war period, the corporate--now I'm going to talk-- there's a distinction between the rate that they charge and the actual amount that they take.
在战后初期,公司的...我要说明的是,政府规定的税率,与实际征收的税率之间存在着差异
Obviously you don't invest in every company, so I was wondering what factors you look for in identifying companies that you want to invest in and ? that you think are especially poorly managed?
很明显你不会投资于所有的公司,所以我想知道当你考察你想投资的公司时,或者是管理情况很糟糕的公司时,你都会考虑哪些因素呢?
I was standing at the World Economic Forum at one of our lunch things and a young woman approached from Swiss Re, which is the Swiss Reinsurance Company, and she said she wanted my ideas on how to sell crop insurance in Africa.
有一次,在世界经济论坛的午餐会上,一位瑞士再保险的年轻女士找到了我,她公司的全称是瑞士再保险公司,她说她想知道我关于,如何在非洲出售农作物保险的意见
And I'll say this and then write it more carefully, where P is the lower of the two prices.
我先讲,待会再写下来,P是两个公司价格中较低的那个
So, just random contract jobs until I discovered this company called Odeo, which was run by Evan Williams.
所以,我一直在打零工,直到我找到了一家叫奥德奥的公司,它是埃文·威廉姆斯经营的。
You say no. Actually, I have a better thing, you say, call Larry Paige and tell him he's fired because I realize I own the company.
你说不,我有个更好的注意,给拉里·佩奇打电话,说他被解雇了,因为公司是我的了
The first thing I'll say is, when you have a business that's changing very rapidly, if you have five or six meetings a year, it's incredibly hard for somebody on a board to know a whole lot about your business.
我首先要说的是,你的公司发展很快时,如果你每年开五,六次会,董事们会很为难,知道整个公司的情况。
I don't emphasize this cash sale of a company, but it does happen sometimes.
我没有强调公司间的现金买卖,但它是实际存在的
From the standpoint of a buyer of the whole company, what do I care how the ownership of the company is divided up between debt and equity?
从公司买家的角度来说,我现在关心的只是,公司的所有权,是怎样分配给股东和债务人的
When you do these calculations, which I just did for insurance-- I was talking about insurance companies-- assuming that risks are independent, everything's independent and we've got it all figured out.
当你试图去,做保险相关计算时,我指的是保险公司...,假定风险是独立的,事件都是独立的,可以算出一个结果
It doesn't mean anything until you know how many shares are outstanding because if I own one thousand shares and then you look it up and find out how many shares are outstanding-- there are one thousand-- you say, hey I own the whole company.
这毫无意义,除非你知道总共发行的股票数量,如果你有十手股票,但后来发现,总共发行的股票数量,就是一千股,你就可以说,整个公司都是我的
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