Buffett has always been a strong believer in companies buying their own stock when it's undervalued, which clearly both he and Palmisano have considered IBM to be.

巴菲特一贯坚信，如果某家公司股价市场估值过低，那就应该回购股票。很显然，他本人和彭明盛都认为IBM正是这样一家公司。

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The 976-page book is titled "the snowball: Warren Buffett and the Business of Life", which comes from a comment by Buffett, "Life is like a snowball."

这本传记厚976页，名为《雪球：巴菲特和生活中的商机》。

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Buffett admits he can't predict which way the markets will move in the short term — and he is quite certain no one else can, either.

巴菲特承认他不能预测市场的短期运作情况，并且他也十分确信没人能够做到这件事。

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Berkshire will contiue to hunt for acquisitions similar to that of a Lubrizol, which Buffett and Munger described as a company with dynamic operations that owned productive assets.

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"American Eagle has no long-term debt, which both my Buffett- and Lynch-based models like, " says Reese.

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Berkshire Hathaway (nyse: BRKA - news - people ), which is controlled by billionaire investor Warren Buffett and owns reinsurance giant General Re , has also said it will have claims but declined to estimate their extent.

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