Đạo của Warren Buffett

["GI\u00c1O D\u1ee4C L\u1eddi s\u1ed1 42 \u201cN\u1ebfu ph\u1ea3i gi\u1ecfi \u0111\u1ea1i s\u1ed1 hay t\u00edch ph\u00e2n m\u1edbi l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01a3 v\u0129 \u0111\u1ea1i th\u00ec ch\u1eafc t\u00f4i ph\u1ea3i quay v\u1ec1 \u0111i giao b\u00e1o th\u00f4i.\u201d *** Theo nh\u01a3 Warren th\u00ec nh\u1eefng k\u1ef9 n\u0103ng to\u00e1n m\u00e0 b\u1ea1n c\u1ea7n trang b\u1ecb \u0111\u1ec3 tr\u1edf th\u00e0nh m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01a3 v\u0129 \u0111\u1ea1i l\u00e0 c\u1ed9ng, tr\u1eeb, nh\u00e2n, chia, c\u00f9ng kh\u1ea3 n\u0103ng t\u00ednh nh\u1ea9m t\u1ec9 l\u1ec7 ph\u1ea7n tr\u0103m v\u00e0 x\u00e1c su\u1ea5t. N\u1ebfu c\u00f3 th\u00eam n\u1eefa, theo c\u00e1ch n\u00f3i c\u1ee7a ng\u01a3\u1eddi Ph\u00e1p, th\u00ec ch\u1ec9 l\u00e0 ph\u00ed ph\u1ea1m. Nh\u01a3ng n\u1ebfu thi\u1ebfu \u0111i th\u00ec b\u1ea1n l\u1ea1i kh\u00f4ng th\u1ec3 v\u00e0o cu\u1ed9c ch\u01a1i.","L\u1eddi s\u1ed1 43 \u201cB\u1ea1n ph\u1ea3i t\u1ef1 suy ngh\u0129. T\u00f4i lu\u00f4n ng\u1ea1c nhi\u00ean khi th\u1ea5y nhi\u1ec1u ng\u01a3\u1eddi c\u00f3 ch\u1ec9 s\u1ed1 IQ cao nh\u01a3ng ch\u1ec9 bi\u1ebft nh\u1eafm m\u1eaft b\u1eaft ch\u01a3\u1edbc ng\u01a3\u1eddi kh\u00e1c. T\u00f4i ch\u01a3a bao gi\u1edd ti\u1ebfp thu \u0111\u01a3\u1ee3c \u00fd ki\u1ebfn g\u00ec hay b\u1eb1ng c\u00e1ch n\u00f3i chuy\u1ec7n v\u1edbi ng\u01a3\u1eddi kh\u00e1c c\u1ea3.\u201d *** Nhi\u1ec1u ng\u01a3\u1eddi thu\u1ed9c d\u1ea1ng c\u00f3 ch\u1ec9 s\u1ed1 IQ cao l\u1ea1i cho r\u1eb1ng c\u00e1ch l\u00e0m gi\u00e0u l\u00e0 ph\u1ea3i b\u1eaft ch\u01a3\u1edbc ng\u01a3\u1eddi kh\u00e1c. \u0110i\u1ec1u n\u00e0y m\u1ed9t ph\u1ea7n xu\u1ea5t ph\u00e1t t\u1eeb h\u1ec7 th\u1ed1ng gi\u00e1o d\u1ee5c khen ng\u1ee3i s\u1ef1 b\u1eaft ch\u01a3\u1edbc th\u1ea7y c\u00f4 gi\u00e1o. Tr\u00ean Wall Street, chi\u1ebfn l\u01a3\u1ee3c \u0111\u1ea7u t\u01a3 ph\u1ed5 bi\u1ebfn l\u00e0 d\u1ef1a tr\u00ean nh\u1eefng g\u00ec nhi\u1ec1u ng\u01a3\u1eddi kh\u00e1c \u0111ang h\u00e0nh \u0111\u1ed9ng - b\u1ea1n d\u1ec5 d\u00e0ng b\u00e1n m\u1ed9t m\u00f3n h\u00e0ng ph\u1ed5 bi\u1ebfn h\u01a1n l\u00e0 mua b\u00e1n m\u1ed9t m\u00f3n h\u00e0ng \u00edt ng\u01a3\u1eddi quan t\u00e2m. Warren kh\u00f4ng c\u1ed1 g\u1eafng b\u00e1n cho b\u1ea5t c\u1ee9 ai c\u00e1c c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01a3 - \u00f4ng ch\u1ec9 mu\u1ed1n l\u00e0m gi\u00e0u t\u1eeb \u0111\u1ea7u t\u01a3. \u0110i\u1ec1u n\u00e0y \u0111\u1ebfn kh\u00f4ng ph\u1ea3i b\u1eb1ng c\u00e1ch nghe theo s\u1ed1 \u0111\u00f4ng, m\u00e0 ph\u1ea3i t\u00ecm ra nh\u1eefng c\u1ed5 phi\u1ebfu m\u00e0 Wall Street h\u00f4m nay c\u00f2n b\u1ecf qu\u00ean nh\u01a3ng ng\u00e0y mai s\u1ebd tranh nhau mua l\u1ea1i. C\u00f2n \u0111\u1ed1i v\u1edbi nh\u1eefng ng\u01a3\u1eddi ch\u1ec9 l\u00e0m theo s\u1ed1 \u0111\u00f4ng - th\u01a3\u1eddng th\u00ec h\u1ecd ph\u1ea3i d\u00e0nh th\u1eddi gian ng\u1ed3i g\u1ecdt \u0111\u1ea5t kh\u1ecfi g\u00f3t gi\u00e0y.","L\u1eddi s\u1ed1 44 \u201cN\u1ebfu nh\u00e0 b\u00e1o c\u00e0ng th\u00f4ng minh th\u00ec x\u00e3 h\u1ed9i c\u00e0ng t\u1ed1t \u0111\u1eb9p.\u201d *** Ch\u00fang ta s\u1eed d\u1ee5ng th\u00f4ng tin \u0111\u1ec3 x\u1eed l\u00fd c\u00e1c \u00fd t\u01a3\u1edfng \u0111\u1ea7u t\u01a3 t\u1eeb c\u00e1c ph\u01a3\u01a1ng ti\u1ec7n truy\u1ec1n th\u00f4ng, ngh\u0129a l\u00e0 ch\u00fang ta ho\u00e0n to\u00e0n b\u1ecb l\u1ec7 thu\u1ed9c v\u00e0o c\u00e1c nh\u00e0 b\u00e1o cung c\u1ea5p th\u00f4ng tin ch\u00ednh x\u00e1c v\u00e0 ph\u00e2n t\u00edch h\u1ee3p l\u00fd v\u1ec1 t\u00ecnh h\u00ecnh. B\u1ea1n c\u00f3 mu\u1ed1n nh\u1eadn th\u00f4ng tin t\u1eeb nh\u1eefng ng\u01a3\u1eddi ngu ng\u1ed1c, hay b\u1ea1n mu\u1ed1n giao c\u00f4ng vi\u1ec7c n\u00e0y cho nh\u1eefng ng\u01a3\u1eddi th\u00f4ng minh? Warren v\u1eabn lu\u00f4n tin t\u01a3\u1edfng v\u00e0o quan \u0111i\u1ec3m l\u00e0 n\u1ebfu gi\u00e1o vi\u00ean c\u00e0ng gi\u1ecfi th\u00ec sinh vi\u00ean c\u00e0ng gi\u1ecfi. V\u00ec v\u1eady, nh\u00e0 b\u00e1o c\u00e0ng th\u00f4ng minh th\u00ec x\u00e3 h\u1ed9i c\u00e0ng h\u01a3\u1edfng l\u1ee3i. Ch\u1ec9 c\u00f3 nh\u1eefng ng\u01a3\u1eddi l\u1eeba \u0111\u1ea3o, tr\u1ed9m c\u01a3\u1edbp, hay c\u00e1c ch\u00ednh tr\u1ecb gia mu\u1ed1n gi\u1ea5u gi\u1ebfm m\u1edbi kh\u00f4ng mong mu\u1ed1n m\u1ed9t x\u00e3 h\u1ed9i th\u00f4ng minh h\u01a1n.","L\u1eddi s\u1ed1 45 \u201cB\u1ea1n mu\u1ed1n h\u1ecdc t\u1eeb kinh nghi\u1ec7m, nh\u01a3ng t\u1ed1t nh\u1ea5t n\u00ean h\u1ecdc t\u1eeb kinh nghi\u1ec7m c\u1ee7a ng\u01a3\u1eddi kh\u00e1c nhi\u1ec1u h\u01a1n.\u201d *** Kinh nghi\u1ec7m l\u00e0 ng\u01a3\u1eddi th\u1ea7y t\u1ed1t nh\u1ea5t, nh\u01a3ng c\u00e1i gi\u00e1 \u0111\u00f4i khi qu\u00e1 \u0111\u1eaft n\u1ebfu b\u1ea1n ph\u1ea3i h\u1ecdc t\u1eeb ch\u00ednh sai l\u1ea7m c\u1ee7a m\u00ecnh. T\u1ed1t h\u01a1n l\u00e0 ta n\u00ean h\u1ecdc t\u1eeb sai l\u1ea7m c\u1ee7a ng\u01a3\u1eddi kh\u00e1c. \u0110\u00f3 c\u0169ng l\u00e0 l\u00fd do v\u00ec sao Warren \u0111\u00e3 \u0111\u01a3a v\u00e0o ch\u01a3\u01a1ng tr\u00ecnh h\u1ecdc c\u1ee7a m\u00ecnh ph\u1ea7n tham kh\u1ea3o v\u00e0 ph\u00e2n t\u00edch c\u00f4ng vi\u1ec7c kinh doanh v\u00e0 sai l\u1ea7m trong \u0111\u1ea7u t\u01a3 c\u1ee7a nh\u1eefng ng\u01a3\u1eddi kh\u00e1c. \u00d4ng mu\u1ed1n bi\u1ebft r\u00f5 chuy\u1ec7n g\u00ec \u0111\u00e3 sai l\u1ea7m \u0111\u1ec3 t\u1eeb \u0111\u00f3 \u00f4ng bi\u1ebft m\u00e0 tr\u00e1nh. \u0110\u00e2y l\u00e0 m\u1ed9t chi\u1ebfn l\u01a3\u1ee3c ho\u00e0n to\u00e0n kh\u00e1c so v\u1edbi \u0111a s\u1ed1 c\u00e1c tr\u01a3\u1eddng kinh doanh, n\u01a1i ch\u1ec9 ch\u0103m ch\u00fa \u0111\u1ebfn nh\u1eefng c\u00e2u chuy\u1ec7n th\u00e0nh c\u00f4ng. Trong kinh doanh v\u00e0 \u0111\u1ea7u t\u01a3, c\u00f3 nhi\u1ec1u ng\u01a3\u1eddi b\u1ecb k\u1eb9t tr\u00ean m\u00e1ng x\u1ed1i h\u01a1n l\u00e0 r\u01a1i xu\u1ed1ng Con \u0111\u01a3\u1eddng B\u1eb1ng ph\u1eb3ng - v\u00ec v\u1eady b\u1ea1n c\u1ea7n ph\u1ea3i h\u1ecdc v\u1ec1 nh\u1eefng vi\u1ec7c n\u00ean l\u00e0m v\u00e0 c\u1ea3 nh\u1eefng vi\u1ec7c kh\u00f4ng n\u00ean l\u00e0m.","N\u01a0I L\u00c0M VI\u1ec6C L\u1eddi s\u1ed1 46 \u201cTh\u1eadt kh\u00f4ng d\u1ec5 g\u00ec d\u1ea1y cho ch\u00fa ch\u00f3 con nh\u1eefng tr\u00f2 kh\u00f3.\u201d *** Warren nh\u1eadn th\u1ea5y r\u1eb1ng s\u1ef1 nh\u1ea1y b\u00e9n trong kinh doanh t\u00edch l\u0169y theo th\u1eddi gian g\u1ea7n nh\u01a3 kh\u00f4ng th\u1ec3 truy\u1ec1n \u0111\u1ea1t cho c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd tr\u1ebb tu\u1ed5i. Nh\u1eefng con chim k\u1ef3 c\u1ef1u \u0111\u00e3 qu\u00e1 th\u00e0nh th\u1ea1o v\u00e0 bi\u1ebft c\u00e1ch l\u00e0m ra ti\u1ec1n. Warren \u0111\u00e3 b\u01a3\u1edbc v\u00e0o tu\u1ed5i 70, \u0111\u1ed1i t\u00e1c h\u1ee3p t\u00e1c Charlie Munger c\u0169ng \u0111\u00e3 b\u01a3\u1edbc v\u00e0o tu\u1ed5i 80, b\u00e0 B. \u0111i\u1ec1u h\u00e0nh Nebraska Furniture Mard l\u00fac \u0111\u00e3 h\u01a1n 100 tu\u1ed5i, v\u00e0 nhi\u1ec1u nh\u00e0 qu\u1ea3n l\u00fd t\u1ea1i Berkshire Hathaway, c\u00f4ng ty c\u1ed5 ph\u1ea7n c\u1ee7a Warren, c\u0169ng \u0111\u00e3 v\u01a3\u1ee3t qua tu\u1ed5i 70 t\u1eeb l\u00e2u. Warren kh\u00f4ng \u0111\u01a3a ra tu\u1ed5i v\u1ec1 h\u01a3u b\u1eaft bu\u1ed9c \u0111\u1ed1i v\u1edbi nh\u1eefng ng\u01a3\u1eddi l\u00e0m vi\u1ec7c t\u1ea1i Berkshire. Trong th\u1ebf gi\u1edbi c\u1ee7a Warren, 65 ch\u1ec9 m\u1edbi l\u00e0 s\u1ef1 b\u1eaft \u0111\u1ea7u - tu\u1ed5i t\u00e1c v\u00e0 kinh nghi\u1ec7m l\u00e0 nh\u1eefng gi\u00e1 tr\u1ecb quan tr\u1ecdng h\u01a1n nhi\u1ec1u so v\u1edbi tu\u1ed5i tr\u1ebb v\u00e0 nhi\u1ec7t t\u00ecnh trong l\u0129nh v\u1ef1c ki\u1ebfm ti\u1ec1n theo c\u00e1ch c\u1ed5 \u0111i\u1ec3n.","L\u1eddi s\u1ed1 47 \u201cKhi tuy\u1ec3n ng\u01a3\u1eddi, b\u1ea1n c\u1ea7n t\u00ecm ki\u1ebfm ba ph\u1ea9m ch\u1ea5t: li\u00eam ch\u00ednh, th\u00f4ng minh, v\u00e0 nhi\u1ec7t t\u00ecnh. Nh\u01a3ng quan tr\u1ecdng nh\u1ea5t v\u1eabn l\u00e0 s\u1ef1 li\u00eam ch\u00ednh, v\u00ec n\u1ebfu thi\u1ebfu s\u1ef1 li\u00eam ch\u00ednh th\u00ec hai ph\u1ea9m ch\u1ea5t c\u00f2n l\u1ea1i, s\u1ef1 th\u00f4ng minh v\u00e0 nhi\u1ec7t t\u00ecnh, s\u1ebd gi\u1ebft ch\u1ebft b\u1ea1n.\u201d *** Khi b\u1ea1n thu\u00ea ng\u01a3\u1eddi kh\u00e1c \u0111\u1ec3 \u0111i\u1ec1u h\u00e0nh c\u00f4ng vi\u1ec7c kinh doanh, b\u1ea1n \u0111ang giao cho h\u1ecd c\u1ea3 con heo ti\u1ebft ki\u1ec7m c\u1ee7a m\u00ecnh. N\u1ebfu nh\u1eefng ng\u01a3\u1eddi b\u1ea1n thu\u00ea kh\u00f4n ngoan v\u00e0 ch\u0103m ch\u1ec9, h\u1ecd s\u1ebd mang v\u1ec1 cho b\u1ea1n r\u1ea5t nhi\u1ec1u ti\u1ec1n, nh\u01a3ng n\u1ebfu h\u1ecd kh\u00f4ng trung th\u1ef1c, h\u1ecd s\u1ebd t\u00ecm ra r\u1ea5t nhi\u1ec1u c\u00e1ch \u0111\u1ec3 bi\u1ebfn ti\u1ec1n c\u1ee7a b\u1ea1n th\u00e0nh ti\u1ec1n c\u1ee7a h\u1ecd. V\u00ec v\u1eady n\u1ebfu b\u1ea1n ph\u1ea3i thu\u00ea nh\u1eefng ng\u01a3\u1eddi kh\u00f4ng trung th\u1ef1c, h\u00e3y c\u1ed1 g\u1eafng t\u00ecm nh\u1eefng ng\u01a3\u1eddi kh\u00f4ng ch\u0103m ch\u1ec9 v\u00e0 \u0111\u1ea7u \u0111\u1eb7c \u0111\u1ea7y \u0111\u1ea5t - nh\u01a3 th\u1ebf th\u00ec c\u00f3 mu\u1ed1n \u0103n c\u1eafp h\u1ecd c\u0169ng ch\u1ec9 \u0103n c\u1eafp \u0111\u01a3\u1ee3c \u0111\u1ea5t \u0111\u1eb7c m\u00e0 th\u00f4i. Li\u00eam ch\u00ednh l\u00e0 m\u1ed9t nguy\u00ean li\u1ec7u ch\u00ednh trong tri\u1ebft l\u00fd qu\u1ea3n l\u00fd c\u1ee7a Warren. Khi \u00f4ng mua l\u1ea1i Nebraska Furniture Mart t\u1eeb b\u00e0 B. \u00f4ng \u0111\u00e3 l\u00e0m b\u00e0 v\u00e0 c\u00e1c nh\u00e2n vi\u00ean qu\u1ea3n l\u00fd v\u00f4 c\u00f9ng ng\u1ea1c nhi\u00ean khi kh\u00f4ng y\u00eau c\u1ea7u ki\u1ec3m to\u00e1n s\u1ed5 s\u00e1ch. \u00d4ng ch\u1ec9 h\u1ecfi b\u00e0 gi\u00e1 tr\u1ecb c\u1ee7a c\u00f4ng ty, v\u00e0 sau khi b\u00e0 tr\u1ea3 l\u1eddi, th\u00ec ngay ng\u00e0y h\u00f4m sau \u00f4ng \u0111\u01a3a cho b\u00e0 m\u1ed9t t\u1ea5m sec tr\u1ecb gi\u00e1 40 tri\u1ec7u \u0111\u00f4la. Sau n\u00e0y, khi b\u00e0 B. h\u1ecfi, \u00f4ng cho bi\u1ebft m\u00ecnh tin t\u01a3\u1edfng b\u00e0 nhi\u1ec1u h\u01a1n tin t\u01a3\u1edfng c\u00e1c k\u1ebf to\u00e1n vi\u00ean. Ngo\u00e0i ra, phong c\u00e1ch qu\u1ea3n l\u00fd c\u1ee7a Warren c\u0169ng l\u00e0 \u0111\u1ec3 cho c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd c\u1ee7a m\u00ecnh c\u00f3 quy\u1ec1n \u0111\u1ed9c l\u1eadp t\u1ed1i \u0111a trong vi\u1ec7c \u0111i\u1ec1u h\u00e0nh c\u00f4ng vi\u1ec7c kinh doanh. H\u1ecd c\u00f3 quy\u1ec1n \u0111i\u1ec1u h\u00e0nh c\u00f4ng ty nh\u01a3 th\u1ec3 h\u1ecd ch\u00ednh l\u00e0 nh\u1eefng ng\u01a3\u1eddi ch\u1ee7 c\u1ee7a n\u00f3. \u00d4ng h\u1eb3n \u0111\u00e3 kh\u00f4ng th\u1ec3 trao quy\u1ec1n nh\u01a3 th\u1ebf n\u1ebfu h\u1ecd kh\u00f4ng li\u00eam ch\u00ednh.","L\u1eddi s\u1ed1 48 \u201cL\u00e0m th\u1ebf n\u00e0o b\u1ea1n gi\u1ea3i th\u00edch \u0111\u01a3\u1ee3c cho m\u1ed9t con c\u00e1 v\u1ec1 cu\u1ed9c s\u1ed1ng tr\u00ean c\u1ea1n? M\u1ed9t ng\u00e0y tr\u00ean c\u1ea1n c\u00f3 th\u1ec3 khi\u1ebfn b\u1ea1n n\u00f3i h\u00e0ng ng\u00e0n n\u0103m m\u1edbi h\u1ebft, v\u00e0 m\u1ed9t ng\u00e0y \u0111i\u1ec1u h\u00e0nh c\u00f4ng ty c\u0169ng mang \u0111\u1ebfn nh\u1eefng gi\u00e1 tr\u1ecb t\u01a3\u01a1ng t\u1ef1.\u201d *** Nh\u01a3 c\u00e1ch ng\u01a3\u1eddi ta v\u1eabn n\u00f3i v\u1ec1 \u0111\u1eddi s\u1ed1ng trong qu\u00e2n \u0111\u1ed9i, m\u1ecdi vi\u1ec7c \u0111\u1ec1u vui v\u1ebb nh\u01a3 m\u1ed9t tr\u00f2 ch\u01a1i cho \u0111\u1ebfn khi ph\u00eda b\u00ean kia b\u1eaft \u0111\u1ea7u b\u1eafn tr\u1ea3. Trong th\u1ebf gi\u1edbi kinh doanh c\u0169ng v\u1eady. Gi\u1ea3i quy\u1ebft nh\u1eefng v\u1ea5n \u0111\u1ec1 s\u1ea3n xu\u1ea5t th\u1ef1c s\u1ef1 hay t\u00ecm v\u00e0 gi\u1eef ch\u00e2n kh\u00e1ch h\u00e0ng tr\u00ean th\u1ecb tr\u01a3\u1eddng ch\u00ednh l\u00e0 \u0111i\u1ec3m kh\u00e1c bi\u1ec7t gi\u1eefa th\u1ebf gi\u1edbi h\u1ecdc thu\u1eadt v\u00e0 th\u1ebf gi\u1edbi qu\u1ea3n l\u00fd th\u1ef1c t\u1ebf th\u01a3\u01a1ng tr\u01a3\u1eddng. T\u1ea1i c\u00f4ng ty Nebraska Furniture Mart thu\u1ed9c s\u1edf h\u1eefu c\u1ee7a Berkshire t\u1ea1i Omaha, nh\u00e0 s\u00e1ng l\u1eadp v\u00e0 nh\u00e0 qu\u1ea3n l\u00fd cao c\u1ea5p nh\u1ea5t, b\u00e0 B. li\u00ean t\u1ee5c tr\u1ea3i qua h\u1ebft chi\u1ebfn th\u1eafng n\u00e0y \u0111\u1ebfn chi\u1ebfn th\u1eafng kh\u00e1c, t\u1eeb th\u1eadp ni\u00ean n\u00e0y sang th\u1eadp ni\u00ean kh\u00e1c, c\u00f9ng v\u1edbi \u0111\u1ed9i qu\u00e2n tinh nhu\u1ec7 t\u1ea1i Mart. Tu\u1ed5i t\u00e1c v\u00e0 kinh nghi\u1ec7m \u0111\u1eb7t tr\u00ean tu\u1ed5i tr\u1ebb v\u00e0 nhi\u1ec7t t\u00ecnh \u0111\u00e3 tr\u1edf th\u00e0nh v\u0169 kh\u00ed c\u1ee7a Warren gi\u00fap cho chi\u1ebfc m\u00e1y t\u00ednh ti\u1ec1n c\u1ee7a Berkshire li\u00ean t\u1ee5c reo vang.","L\u1eddi s\u1ed1 49 \u201cCh\u1ec9 khi th\u1ee7y tri\u1ec1u r\u00fat h\u1ebft th\u00ec b\u1ea1n m\u1edbi bi\u1ebft \u0111\u01a3\u1ee3c ai l\u00e0 ng\u01a3\u1eddi b\u01a1i tr\u1ea7n.\u201d *** C\u00e1c k\u1ef9 thu\u1eadt k\u1ebf to\u00e1n s\u00e1ng t\u1ea1o \u0111\u00e3 gi\u00fap nhi\u1ec1u \u0111\u1ee9a con c\u01a3ng c\u1ee7a Wall Street n\u1ed5i b\u1eadt l\u00ean tr\u00ean. Nh\u01a3ng n\u1ebfu ti\u1ec1n th\u1eadt kh\u00f4ng xu\u1ea5t hi\u1ec7n th\u00ec \u0111\u1ebfn m\u1ed9t l\u00fac n\u00e0o \u0111\u00f3 s\u1ef1 h\u00e0o h\u1ee9ng v\u00e0 c\u00e1c \u1ea3o t\u01a3\u1edfng c\u0169ng d\u1ea7n phai nh\u1ea1t, v\u00e0 t\u1ea5t c\u1ea3 nh\u1eefng g\u00ec c\u00f2n s\u00f3t l\u1ea1i l\u00e0 m\u1ed9t t\u00e0i kho\u1ea3n ng\u00e2n h\u00e0ng tr\u1ed1ng r\u1ed7ng v\u1edbi b\u1ed9 h\u1ed3 s\u01a1 xin ph\u00e1 s\u1ea3n. Th\u1ee7y tri\u1ec1u \u0111\u00e3 r\u00fat kh\u1ecfi b\u00e3i bi\u1ec3n Enron v\u00e0 ch\u00fang ta \u0111\u00e3 ch\u1ee9ng ki\u1ebfn m\u1ed9t v\u1ecb ho\u00e0ng \u0111\u1ebf kh\u00f4ng m\u1eb7c qu\u1ea7n \u00e1o. V\u1ea5n \u0111\u1ec1 l\u00e0 ph\u1ea3i l\u00e0m sao ch\u1ec9 ra \u0111\u01a3\u1ee3c nh\u1eefng k\u1ebb \u0111ang b\u01a1i tr\u1ea7n tr\u1ee5i tr\u01a3\u1edbc khi th\u1ee7y tri\u1ec1u r\u00fat \u0111i.","L\u1eddi s\u1ed1 50 \u201cKhi \u00fd t\u01a3\u1edfng \u0111\u00e3 th\u1ea5t b\u1ea1i, l\u1eddi n\u00f3i tr\u1edf n\u00ean th\u1eadt h\u1eefu d\u1ee5ng.\u201d *** \u0110\u00e2y l\u00e0 l\u1eddi tr\u00edch d\u1eabn Goethe m\u00e0 Warren hay d\u00f9ng, v\u1edbi \u00fd ngh\u0129a r\u1eb1ng khi \u00fd t\u01a3\u1edfng v\u0129 \u0111\u1ea1i c\u1ee7a b\u1ea1n b\u1ecb th\u1ea5t b\u1ea1i th\u1ea3m h\u1ea1i v\u00e0 b\u1ea1n m\u1ea5t \u0111i c\u01a1 h\u1ed9i kinh doanh, b\u1ea1n s\u1ebd s\u1eed d\u1ee5ng l\u1eddi n\u00f3i \u0111\u1ec3 \u0111\u1ed5 l\u1ed7i sao cho b\u1ea1n kh\u00f4ng b\u1ecb m\u1ecdi ng\u01a3\u1eddi nh\u00ecn nh\u1eadn l\u00e0 thi\u1ebfu kh\u1ea3 n\u0103ng. Trong th\u1ebf gi\u1edbi c\u00e1c t\u1ed5ng gi\u00e1m \u0111\u1ed1c ng\u01a3\u1eddi ta li\u00ean t\u1ee5c t\u00ecm ki\u1ebfm nh\u1eefng l\u1eddi b\u00e0o ch\u1eefa th\u00edch h\u1ee3p \u0111\u1ec3 xoa d\u1ecbu s\u1ef1 n\u1ed5i gi\u1eadn c\u1ee7a c\u1ed5 \u0111\u00f4ng tr\u01a3\u1edbc c\u00e1c quy\u1ebft \u0111\u1ecbnh t\u1ed3i c\u1ee7a c\u1ea5p qu\u1ea3n l\u00fd. Khi kh\u00f4ng ch\u1ea5p nh\u1eadn b\u1ecb ch\u1ec9 tr\u00edch c\u0169ng \u0111\u1ed3ng ngh\u0129a h\u1ecd n\u00f3i r\u1eb1ng \u0111\u00f3 kh\u00f4ng ph\u1ea3i l\u00e0 tr\u00e1ch nhi\u1ec7m c\u1ee7a h\u1ecd. Nh\u01a3ng n\u1ebfu tr\u00e1ch nhi\u1ec7m kh\u00f4ng ph\u1ea3i thu\u1ed9c v\u1ec1 c\u00e1c t\u1ed5ng gi\u00e1m \u0111\u1ed1c, th\u00ec h\u1ecd kh\u00f4ng th\u1eadt s\u1ef1 l\u00e0 nh\u00e0 l\u00e3nh \u0111\u1ea1o c\u1ee7a ch\u00fang ta ph\u1ea3i kh\u00f4ng? N\u1ebfu \u0111\u00f3 kh\u00f4ng ph\u1ea3i l\u00e0 ng\u01a3\u1eddi l\u00e3nh \u0111\u1ea1o, v\u1eady sao ch\u00fang ta kh\u00f4ng \u0111i t\u00ecm m\u1ed9t ng\u01a3\u1eddi l\u00e3nh \u0111\u1ea1o kh\u00e1c c\u00f3 th\u1ec3 \u0111i\u1ec1u h\u00e0nh c\u00f4ng ty? \u0110\u00e2y l\u00e0 c\u00f4ng ty c\u1ee7a ch\u00fang ta ph\u1ea3i kh\u00f4ng? Ch\u00fang ta l\u00e0 nh\u1eefng ng\u01a3\u1eddi ch\u1ee7 ph\u1ea3i kh\u00f4ng? Warren ch\u01a3a bao gi\u1edd qu\u00ean r\u1eb1ng ch\u00ednh nh\u1eefng c\u1ed5 \u0111\u00f4ng c\u1ee7a Berkshire m\u1edbi l\u00e0 ng\u01a3\u1eddi ch\u1ee7 c\u1ee7a c\u00f4ng ty \u00f4ng \u0111ang \u0111i\u1ec1u h\u00e0nh. \u0110\u00f3 l\u00e0 l\u00fd do v\u00ec sao \u00f4ng lu\u00f4n th\u1eb3ng th\u1eafn th\u00f4ng b\u00e1o kh\u00f4ng ch\u1ec9 tin t\u1ed1t m\u00e0 c\u1ea3 nh\u1eefng tin x\u1ea5u.","L\u1eddi s\u1ed1 51 \u201cM\u1ed9t nh\u00e0 qu\u1ea3n l\u00fd c\u00f4ng ty gi\u1ecfi kh\u00f4ng th\u1ee9c d\u1eady bu\u1ed5i s\u1edbm mai v\u00e0 quy\u1ebft \u0111\u1ecbnh: \u201cH\u00f4m nay l\u00e0 ng\u00e0y t\u00f4i ph\u1ea3i c\u1eaft gi\u1ea3m chi ph\u00ed\u201d, c\u0169ng nh\u01a3 h\u1ecd kh\u00f4ng th\u1ee9c d\u1eady v\u00e0 quy\u1ebft \u0111\u1ecbnh ph\u1ea3i luy\u1ec7n th\u1edf.\u201d *** Th\u1eddi \u0111i\u1ec3m t\u1ed1t nh\u1ea5t \u0111\u1ec3 ti\u00eam ng\u1eeba kh\u00f4ng ph\u1ea3i l\u00e0 ngay sau khi b\u1ea1n m\u1eafc b\u1ec7nh. Trong th\u1ebf gi\u1edbi kinh doanh, r\u1ea5t nhi\u1ec1u vi\u1ec7c \u0111\u01a3\u1ee3c h\u00e0nh \u0111\u1ed9ng m\u1ed9t c\u00e1ch \u0111\u1ed1i ph\u00f3. Warren tin t\u01a3\u1edfng v\u00e0o c\u00e1ch qu\u1ea3n l\u00fd ch\u1ee7 \u0111\u1ed9ng - gi\u1ea3i quy\u1ebft v\u1ea5n \u0111\u1ec1 ti\u1ec1m \u1ea9n tr\u01a3\u1edbc khi n\u00f3 b\u1ed9c ph\u00e1t th\u00e0nh m\u1ed9t v\u1ea5n \u0111\u1ec1 th\u1eadt s\u1ef1. B\u1ea1n ph\u1ea3i gi\u1eef cho chi ph\u00ed th\u1eadt th\u1ea5p ngay t\u1eeb ban \u0111\u1ea7u, gi\u00fap b\u1ea1n c\u00f3 th\u00eam thu\u1ed1c n\u1ed5 khi b\u1ecb \u0111\u1ed1i th\u1ee7 t\u1ea5n c\u00f4ng, v\u00e0 mang l\u1ea1i th\u00eam nhi\u1ec1u l\u1ee3i nhu\u1eadn khi t\u00ecnh h\u00ecnh kinh doanh thu\u1eadn l\u1ee3i. Warren trang b\u1ecb cho v\u0103n ph\u00f2ng ch\u00ednh c\u1ee7a Berkshire v\u1edbi m\u1ed9t c\u1ed7 m\u00e1y tinh g\u1ecdn g\u1ed3m 17 ng\u01a3\u1eddi. Warren l\u00e0 m\u1ed9t ng\u01a3\u1eddi th\u1ef1c hi\u1ec7n nh\u1eefng g\u00ec \u00f4ng tuy\u00ean b\u1ed1. N\u1ebfu b\u1ea1n \u0111\u1ecdc th\u1ea5y r\u1eb1ng m\u1ed9t c\u00f4ng ty \u0111ang kh\u1edfi \u0111\u1ed9ng ch\u01a3\u01a1ng tr\u00ecnh c\u1eaft gi\u1ea3m chi ph\u00ed, ngh\u0129a l\u00e0 b\u1ea1n bi\u1ebft b\u1ed9 m\u00e1y qu\u1ea3n l\u00fd c\u1ee7a h\u1ecd \u0111\u00e3 kh\u00f4ng l\u00e0m t\u1ed1t c\u00f4ng vi\u1ec7c gi\u1eef chi ph\u00ed \u1edf m\u1ee9c th\u1ea5p ngay t\u1eeb \u0111\u1ea7u. B\u1ea1n ngh\u0129 sao v\u1ec1 m\u1ed9t c\u00f4ng ty c\u00f3 b\u1ed9 m\u00e1y qu\u1ea3n l\u00fd kh\u00f4ng bi\u1ebft theo d\u00f5i chi ph\u00ed ch\u1eb7t ch\u1ebd? B\u1ea1n c\u00f3 ngh\u0129 h\u1ecd s\u1ebd mang \u0111\u1ebfn cho c\u00e1c c\u1ed5 \u0111\u00f4ng th\u1eadt nhi\u1ec1u ti\u1ec1n kh\u00f4ng?","L\u1eddi s\u1ed1 52 \u201cM\u1ecdi chuy\u1ec7n th\u1eadt tuy\u1ec7t v\u1eddi n\u1ebfu ta mua \u0111\u01a3\u1ee3c t\u00ecnh y\u00eau v\u1edbi gi\u00e1 1 tri\u1ec7u \u0111\u00f4la. Nh\u01a3ng c\u00e1ch duy nh\u1ea5t \u0111\u1ec3 chi\u1ebfm \u0111\u01a3\u1ee3c t\u00ecnh y\u00eau l\u00e0 ta ph\u1ea3i \u0111\u00e1ng y\u00eau. B\u1ea1n lu\u00f4n lu\u00f4n nh\u1eadn \u0111\u01a3\u1ee3c nhi\u1ec1u h\u01a1n nh\u1eefng g\u00ec b\u1ea1n cho \u0111i. N\u1ebfu b\u1ea1n kh\u00f4ng cho \u0111i c\u00e1i g\u00ec c\u1ea3, th\u00ec b\u1ea1n c\u0169ng kh\u00f4ng nh\u1eadn l\u1ea1i \u0111\u01a3\u1ee3c c\u00e1i g\u00ec c\u1ea3. T\u00f4i ch\u01a3a t\u1eebng bi\u1ebft ai \u0111\u01a3\u1ee3c ng\u01a3\u1eddi kh\u00e1c y\u00eau qu\u00fd m\u00e0 kh\u00f4ng c\u1ea3m th\u1ea5y m\u00ecnh th\u1eadt th\u00e0nh c\u00f4ng, v\u00e0 t\u01a3\u01a1ng t\u1ef1 t\u00f4i c\u0169ng kh\u00f4ng ngh\u0129 ra \u0111\u01a3\u1ee3c ai kh\u00f4ng \u0111\u01a3\u1ee3c y\u00eau m\u00e0 c\u1ea3m th\u1ea5y th\u00e0nh c\u00f4ng c\u1ea3.\u201d *** T\u00ecnh y\u00eau l\u00e0 m\u1ed9t ph\u1ea7n quan tr\u1ecdng trong \u0111\u1eddi s\u1ed1ng c\u00e1 nh\u00e2n c\u1ee7a Warren v\u00e0 \u00f4ng \u0111\u00e3 \u0111\u01a3a n\u00f3 v\u00e0o trong tri\u1ebft l\u00fd qu\u1ea3n l\u00fd v\u00e0 kinh doanh c\u1ee7a m\u00ecnh. \u00d4ng ch\u1ec9 tuy\u1ec3n d\u1ee5ng nh\u1eefng ng\u01a3\u1eddi n\u00e0o y\u00eau th\u00edch c\u00f4ng vi\u1ec7c m\u00ecnh l\u00e0m, b\u1edfi v\u00ec n\u1ebfu b\u1ea1n y\u00eau c\u00f4ng vi\u1ec7c c\u1ee7a m\u00ecnh, b\u1ea1n s\u1ebd \u0111\u1ed1i x\u1eed v\u1edbi ng\u01a3\u1eddi kh\u00e1c t\u1eed t\u1ebf, t\u1ea1o c\u01a1 h\u1ed9i cho h\u1ecd c\u0169ng s\u1ebd y\u00eau c\u00f4ng vi\u1ec7c c\u1ee7a m\u00ecnh. \u00d4ng kh\u00f4ng bao gi\u1edd h\u1ea1 th\u1ea5p c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd c\u1ee7a m\u00ecnh khi h\u1ecd m\u1eafc sai l\u1ea7m. Ng\u01a3\u1ee3c l\u1ea1i, \u00f4ng khuy\u1ebfn kh\u00edch h\u1ecd kh\u00f4ng n\u00ean suy ngh\u0129 m\u00e3i v\u1ec1 nh\u1eefng sai l\u1ea7m n\u00e0y m\u00e0 h\u00e3y c\u1ee9 ti\u1ebfp t\u1ee5c c\u00f4ng vi\u1ec7c. T\u00ecnh y\u00eau v\u00e0 l\u00f2ng k\u00ednh tr\u1ecdng \u00f4ng d\u00e0nh cho nh\u1eefng nh\u00e0 qu\u1ea3n l\u00fd c\u1ee7a m\u00ecnh m\u1ea1nh m\u1ebd \u0111\u1ebfn m\u1ee9c \u00f4ng ho\u00e0n to\u00e0n tin t\u01a3\u1edfng v\u00e0o c\u00e1ch \u0111i\u1ec1u h\u00e0nh c\u00f4ng ty c\u1ee7a h\u1ecd. \u00d4ng giao cho h\u1ecd quy\u1ec1n ki\u1ec3m so\u00e1t ho\u00e0n to\u00e0n, t\u1ea1o n\u00ean m\u1ed9t tinh th\u1ea7n tr\u00e1ch nhi\u1ec7m r\u1ea5t cao. Warren lu\u00f4n n\u00f3i kh\u00f4ng bi\u1ebft ch\u00e1n v\u1ec1 ni\u1ec1m t\u1ef1 h\u00e0o c\u1ee7a \u00f4ng \u0111\u1ed1i v\u1edbi \u0111\u1ed9i ng\u0169 qu\u1ea3n l\u00fd v\u00e0 kh\u00f4ng bao gi\u1edd ng\u1ea7n ng\u1ea1i khen ng\u1ee3i h\u1ecd c\u00f4ng khai. \u0110\u00e2y l\u00e0 c\u00e1ch \u00f4ng thu h\u00fat \u0111\u01a3\u1ee3c nh\u1eefng t\u00e0i n\u0103ng gi\u1ecfi nh\u1ea5t, th\u00f4ng minh nh\u1ea5t tr\u00ean th\u1ebf gi\u1edbi. T\u00ecnh y\u00eau v\u00e0 l\u00f2ng k\u00ednh tr\u1ecdng th\u1eadt s\u1ef1 \u0111\u00e3 mang \u0111\u1ebfn t\u00ecnh y\u00eau v\u00e0 l\u00f2ng k\u00ednh tr\u1ecdng, l\u00e0 h\u00f2n \u0111\u00e1 \u0111\u1ea7u ti\u00ean tr\u00ean con \u0111\u01a3\u1eddng d\u1eabn \u0111\u1ebfn th\u00e0nh c\u00f4ng trong cu\u1ed9c s\u1ed1ng.","L\u1eddi s\u1ed1 53 \u201cCh\u00fang ta c\u1ea3m th\u1ea5y h\u1ee9ng th\u00fa v\u1edbi qu\u00e1 tr\u00ecnh l\u00e0m vi\u1ec7c h\u01a1n l\u00e0 k\u1ebft qu\u1ea3 doanh thu, m\u1eb7c d\u00f9 t\u00f4i c\u0169ng \u0111\u00e3 h\u1ecdc \u0111\u01a3\u1ee3c c\u00e1ch t\u1eadn h\u01a3\u1edfng doanh thu.\u201d *** Nh\u1eefng ng\u01a3\u1eddi n\u00e0o th\u1eadt s\u1ef1 \u0111am m\u00ea c\u00f4ng vi\u1ec7c c\u1ee7a m\u00ecnh s\u1ebd tr\u1edf th\u00e0nh n\u1ed5i b\u1eadt trong ngh\u1ec1 nghi\u1ec7p v\u00ec h\u1ecd th\u00edch th\u00fa v\u1edbi qu\u00e1 tr\u00ecnh l\u00e0m vi\u1ec7c h\u01a1n l\u00e0 s\u1ed1 ti\u1ec1n ki\u1ebfm \u0111\u01a3\u1ee3c. \u0110i\u1ec1u bu\u1ed3n c\u01a3\u1eddi v\u1ec1 \u0111am m\u00ea l\u00e0 ti\u1ec1n b\u1ea1c th\u01a3\u1eddng \u0111\u1ebfn theo sau. Nh\u1eefng ng\u01a3\u1eddi y\u00eau ti\u1ec1n b\u1ea1c h\u01a1n c\u00f4ng vi\u1ec7c s\u1ebd ph\u00ed ph\u1ea1m cu\u1ed9c \u0111\u1eddi trong kh\u1ed5 s\u1edf v\u00e0 cu\u1ed1i c\u00f9ng l\u1ea1i ki\u1ebfm \u0111\u01a3\u1ee3c \u00edt ti\u1ec1n h\u01a1n n\u1ebfu h\u1ecd nghe theo l\u1eddi tr\u00e1i tim ngay t\u1eeb \u0111\u1ea7u. \u0110i\u1ec1u tuy\u1ec7t v\u1edbi nh\u1ea5t khi b\u1ea1n y\u00eau th\u00edch c\u00f4ng vi\u1ec7c l\u00e0 khi \u0111\u00f3 b\u1ea1n kh\u00f4ng c\u00f2n l\u00e0m vi\u1ec7c n\u1eefa; b\u1ea1n \u0111ang vui v\u1ebb t\u1eadn h\u01a3\u1edfng. Warren lu\u00f4n n\u00f3i r\u1eb1ng \u00f4ng y\u00eau th\u00edch c\u00f4ng vi\u1ec7c c\u1ee7a m\u00ecnh \u0111\u1ebfn m\u1ee9c \u00f4ng c\u00f3 th\u1ec3 tr\u1ea3 ti\u1ec1n \u0111\u1ec3 \u0111\u01a3\u1ee3c l\u00e0m vi\u1ec7c. Nh\u01a3ng th\u1ef1c t\u1ebf \u00f4ng kh\u00f4ng ph\u1ea3i l\u00e0m th\u1ebf v\u00ec \u00f4ng \u0111\u00e3 ki\u1ebfm ra h\u00e0ng \u0111\u1ed1ng ti\u1ec1n t\u1eeb c\u00f4ng vi\u1ec7c m\u00ecnh y\u00eau th\u00edch.","L\u1eddi s\u1ed1 54 \u201cN\u1ebfu \u0111\u1ebfn l\u1ed7 n\u00e0o b\u1ea1n c\u0169ng ch\u1ec9 c\u1ea7n m\u1ed9t g\u1eady l\u00e0 \u0111\u00e1nh banh v\u00e0o l\u1ed7, th\u00ec b\u1ea1n s\u1ebd ch\u1eb3ng ch\u01a1i golf \u0111\u01a3\u1ee3c l\u00e2u.\u201d *** M\u1ed9t c\u00f4ng vi\u1ec7c th\u1eed th\u00e1ch khi\u1ebfn m\u1ecdi vi\u1ec7c tr\u1edf n\u00ean th\u00fa v\u1ecb, mang \u0111\u1ebfn cho b\u1ea1n s\u1ef1 qu\u00fd tr\u1ecdng b\u1ea3n th\u00e2n, th\u00fac \u0111\u1ea9y s\u00e1ng t\u1ea1o, v\u00e0 thu h\u00fat \u0111\u01a3\u1ee3c nh\u1eefng ng\u01a3\u1eddi gi\u1ecfi nh\u1ea5t. M\u1ed9t c\u00f4ng vi\u1ec7c kh\u00f4ng th\u1eed th\u00e1ch g\u00e2y nh\u00e0m ch\u00e1n, kh\u00f4ng mang \u0111\u1ebfn s\u1ef1 k\u00ednh tr\u1ecdng, v\u00e0 ch\u1ec9 thu h\u00fat \u0111\u01a3\u1ee3c nh\u1eefng ng\u01a3\u1eddi kh\u00f4ng c\u00f3 \u0111\u1ed9ng l\u1ef1c l\u00e0m vi\u1ec7c. Tuy nhi\u00ean \u0111\u1ec3 c\u00f3 th\u1eed th\u00e1ch th\u00ec c\u0169ng ph\u1ea3i c\u00f3 r\u1ee7i ro. Trong th\u1ebf gi\u1edbi kinh doanh, khi th\u1eed th\u00e1ch gia t\u0103ng, quy\u1ebft \u0111\u1ecbnh ph\u1ea3i \u0111\u01a3\u1ee3c \u0111\u01a3a ra, v\u00e0 sai l\u1ea7m l\u00e0 kh\u00f4ng th\u1ec3 tr\u00e1nh kh\u1ecfi. \u0110\u00e2y l\u00e0 b\u1ea3n ch\u1ea5t c\u1ee7a vi\u1ec7c ra quy\u1ebft \u0111\u1ecbnh v\u00e0 c\u0169ng ch\u00ednh l\u00e0 l\u00fd do l\u00e0m cho n\u00f3 th\u00fa v\u1ecb. Warren \u0111\u00e3 h\u1ecdc \u0111\u01a3\u1ee3c r\u1eb1ng n\u1ebfu mu\u1ed1n thu h\u00fat \u0111\u01a3\u1ee3c nh\u1eefng nh\u00e0 qu\u1ea3n l\u00fd gi\u1ecfi nh\u1ea5t, th\u00f4ng minh nh\u1ea5t, nh\u1eefng ng\u01a3\u1eddi h\u0103ng h\u00e1i v\u00e0 s\u1eb5n s\u00e0ng ch\u1ea5p nh\u1eadn th\u1eed th\u00e1ch, \u00f4ng ph\u1ea3i mang \u0111\u1ebfn cho h\u1ecd m\u1ed9t m\u00f4i tr\u01a3\u1eddng l\u00e0m vi\u1ec7c ch\u1ea5p nh\u1eadn sai l\u1ea7m \u0111i song h\u00e0nh v\u1edbi th\u00e0nh c\u00f4ng.","L\u1eddi s\u1ed1 55 \u201cS\u1ebd \u0111\u1ebfn m\u1ed9t l\u00fac b\u1ea1n n\u00ean b\u1eaft \u0111\u1ea7u ch\u1ec9 l\u00e0m nh\u1eefng g\u00ec m\u00ecnh mu\u1ed1n. H\u00e3y l\u00e0m m\u1ed9t c\u00f4ng vi\u1ec7c b\u1ea1n y\u00eau th\u00edch. B\u1ea1n s\u1ebd nh\u1ea3y b\u1eadt d\u1eady kh\u1ecfi gi\u01a3\u1eddng m\u1ed7i bu\u1ed5i s\u1edbm. T\u00f4i ngh\u0129 b\u1ea1n th\u1eadt \u0111i\u00ean r\u1ed3 n\u1ebfu c\u1ee9 ti\u1ebfp t\u1ee5c v\u1edbi nh\u1eefng c\u00f4ng vi\u1ec7c m\u00ecnh kh\u00f4ng th\u00edch ch\u1ec9 \u0111\u1ec3 t\u00f4 \u0111\u1eb9p h\u1ed3 s\u01a1 xin vi\u1ec7c c\u1ee7a m\u00ecnh. C\u00e1i n\u00e0y nghe sao gi\u1ed1ng nh\u01a3 \u0111\u1ec3 d\u00e0nh ham mu\u1ed1n cho l\u00fac tu\u1ed5i gi\u00e0 th\u1ebf?\u201d *** D\u00e0nh c\u1ea3 cu\u1ed9c \u0111\u1eddi \u0111\u1ec3 th\u1ee9c d\u1eady v\u00e0 \u0111i l\u00e0m m\u1ed9t c\u00f4ng vi\u1ec7c b\u1ea1n c\u0103m gh\u00e9t, v\u1edbi nh\u1eefng ng\u01a3\u1eddi b\u1ea1n kh\u00f4ng t\u00f4n tr\u1ecdng, khi\u1ebfn cho b\u1ea1n b\u1ef1c b\u1ed9i v\u00e0 t\u1ee9c t\u1ed1i, b\u1ea1n mang theo m\u00ecnh v\u1ec1 nh\u00e0, \u0111\u1ed5 l\u00ean \u0111\u1ea7u nh\u1eefng ng\u01a3\u1eddi th\u00e2n trong nh\u00e0, v\u00e0 l\u00e0m cho h\u1ecd c\u0169ng b\u1ef1c b\u1ed9i theo. \u0110i\u1ec1u n\u00e0y h\u00ecnh th\u00e0nh m\u1ed9t cu\u1ed9c s\u1ed1ng nh\u1ea1t nh\u1ebdo cho nh\u1eefng ng\u01a3\u1eddi b\u1ea1n y\u00eau th\u01a3\u01a1ng, trong \u0111\u00f3 c\u00f3 c\u1ea3 b\u1ea3n th\u00e2n c\u1ee7a b\u1ea1n. T\u1ed1t h\u01a1n c\u1ea3 l\u00e0 b\u1ea1n h\u00e3y t\u00ecm m\u1ed9t c\u00f4ng vi\u1ec7c m\u00ecnh y\u00eau th\u00edch. Sau \u0111\u00f3, khi \u0111i l\u00e0m b\u1ea1n t\u01a3\u01a1i c\u01a3\u1eddi vui v\u1ebb, v\u00e0 mang n\u1ee5 c\u01a3\u1eddi n\u00e0y v\u1ec1 nh\u00e0 l\u00fac cu\u1ed1i ng\u00e0y \u0111\u1ec3 chia s\u1ebb v\u1edbi ng\u01a3\u1eddi th\u00e2n y\u00eau. V\u00e0 n\u1ebfu b\u1ea1n c\u00f2n lo l\u1eafng v\u1ec1 ti\u1ec1n b\u1ea1c, th\u00ec h\u00e3y nh\u1edb r\u1eb1ng nh\u1eefng ng\u01a3\u1eddi y\u00eau th\u00edch c\u00f4ng vi\u1ec7c c\u1ee7a m\u00ecnh l\u00e0 ng\u01a3\u1eddi s\u1ebd n\u1ed5i b\u1eadt trong l\u0129nh v\u1ef1c c\u1ee7a m\u00ecnh v\u00e0 cu\u1ed1i c\u00f9ng s\u1ebd l\u00e0m ra nhi\u1ec1u ti\u1ec1n nh\u1ea5t, cho d\u00f9 kh\u1edfi \u0111\u1ea7u l\u00e0 m\u1ed9t ng\u01a3\u1eddi di c\u01a3 t\u1eeb Nga kh\u00f4ng bi\u1ebft \u0111\u1ecdc bi\u1ebft vi\u1ebft nh\u01a3ng y\u00eau th\u00edch b\u00e1n \u0111\u1ed3 g\u1ed7, hay m\u1ed9t th\u1eb1ng con trai k\u1ef3 qu\u1eb7c c\u1ee7a m\u1ed9t anh tr\u1ef1c qu\u1ea7y rau qu\u1ea3 c\u00f3 khi\u1ebfu v\u1ec1 s\u1ed1 m\u00e1 v\u00e0 c\u1ed5 phi\u1ebfu. H\u00e3y l\u00e0m nh\u1eefng g\u00ec b\u1ea1n y\u00eau th\u00edch v\u00e0 ti\u1ec1n b\u1ea1c s\u1ebd \u0111\u1ebfn. Tri\u1ebft l\u00fd n\u00e0y \u0111\u00e3 \u0111\u00fang v\u1edbi nhi\u1ec1u ng\u01a3\u1eddi kh\u00e1c v\u00e0 c\u0169ng s\u1ebd \u0111\u00fang v\u1edbi b\u1ea1n.","L\u1eddi s\u1ed1 56 \u201cT\u00f4i c\u00f3 m\u1ed9t ng\u01a3\u1eddi b\u1ea1n m\u1ea5t hai m\u01a3\u01a1i n\u0103m \u0111\u1ec3 \u0111i t\u00ecm ng\u01a3\u1eddi \u0111\u00e0n b\u00e0 ho\u00e0n h\u1ea3o c\u1ee7a cu\u1ed9c \u0111\u1eddi m\u00ecnh; nh\u01a3ng kh\u00f4ng may l\u00e0 khi anh ta t\u00ecm \u0111\u01a3\u1ee3c c\u00f4 \u1ea5y, anh ta ph\u00e1t hi\u1ec7n ra c\u00f4 \u1ea5y c\u0169ng \u0111ang \u0111i t\u00ecm ng\u01a3\u1eddi \u0111\u00e0n \u00f4ng ho\u00e0n h\u1ea3o c\u1ee7a \u0111\u1eddi m\u00ecnh.\u201d *** B\u1ea1n c\u1ee7a Warren \u0111\u00e3 kh\u00f4ng nh\u1eadn th\u1ee9c \u0111\u01a3\u1ee3c r\u1eb1ng vi\u1ec7c b\u00e1n cho ng\u01a3\u1eddi kh\u00e1c nh\u1eefng g\u00ec m\u00ecnh c\u00f3 kh\u00f4ng gi\u1ed1ng nh\u01a3 mua t\u1eeb ng\u01a3\u1eddi kh\u00e1c nh\u1eefng g\u00ec h\u1ecd c\u00f3. Anh ta c\u1ea3m th\u1ea5y \u01a3ng \u00fd v\u1edbi nh\u1eefng g\u00ec c\u00f4 \u1ea5y c\u00f3, nh\u01a3ng c\u00f4 \u1ea5y l\u1ea1i kh\u00f4ng b\u1eb1ng l\u00f2ng v\u1edbi nh\u1eefng g\u00ec anh c\u00f3. Trong cu\u1ed9c s\u1ed1ng v\u00e0 trong kinh doanh c\u0169ng v\u1eady, b\u1ea1n ph\u1ea3i thuy\u1ebft ph\u1ee5c nh\u1eefng ng\u01a3\u1eddi kh\u00e1c v\u1ec1 con ng\u01a3\u1eddi c\u1ee7a m\u00ecnh v\u00e0 b\u1ea1n c\u00f3 g\u00ec \u0111\u1ec3 b\u00e1n cho h\u1ecd. Warren ph\u1ea3i thuy\u1ebft ph\u1ee5c \u0111\u01a3\u1ee3c nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01a3 ban \u0111\u1ea7u, v\u00e0 sau \u0111\u00f3 v\u1eabn ph\u1ea3i thuy\u1ebft ph\u1ee5c nh\u1eefng c\u00f4ng ty ri\u00eang c\u1ee7a c\u00e1c gia \u0111\u00ecnh m\u00e0 Berkshire mu\u1ed1n mua - nh\u1eefng ng\u01a3\u1eddi \u0111\u00e3 d\u00e0nh c\u1ea3 \u0111\u1eddi x\u00e2y \u0111\u1eafp cho c\u00f4ng ty c\u1ee7a m\u00ecnh v\u00e0 kh\u00f4ng quan t\u00e2m \u0111\u1ebfn vi\u1ec7c b\u00e1n \u0111i \u0111\u1ee9a con c\u1ee7a m\u00ecnh cho b\u1ea5t c\u1ee9 ai. Warren thuy\u1ebft ph\u1ee5c h\u1ecd r\u1eb1ng \u00f4ng s\u1ebd mang \u0111\u1ebfn cho nh\u1eefng c\u00f4ng ty n\u00e0y m\u1ed9t ng\u00f4i nh\u00e0 m\u1edbi t\u1ed1t \u0111\u1eb9p h\u01a1n. Trong cu\u1ed9c s\u1ed1ng ch\u00fang ta ph\u1ea3i gi\u1edbi thi\u1ec7u b\u1ea3n th\u00e2n m\u00ecnh v\u1edbi nh\u00e0 tuy\u1ec3n d\u1ee5ng v\u00e0 kh\u00e1ch h\u00e0ng. M\u1ed1i quan h\u1ec7 trong kinh doanh c\u0169ng gi\u1ed1ng nh\u01a3 nh\u1eefng m\u1ed1i quan h\u1ec7 c\u00e1 nh\u00e2n - b\u1ea1n ph\u1ea3i b\u1eaft \u0111\u1ea7u b\u1eb1ng c\u00e1ch th\u1ec3 hi\u1ec7n s\u1ef1 quan t\u00e2m c\u1ee7a m\u00ecnh \u0111\u1ebfn ng\u01a3\u1eddi kh\u00e1c, t\u00ecm hi\u1ec3u xem nhu c\u1ea7u c\u1ee7a h\u1ecd l\u00e0 g\u00ec, b\u1edfi v\u00ec r\u00f5 r\u00e0ng ch\u00fang ta ph\u1ea3i l\u00e0m th\u1ecfa m\u00e3n nh\u1eefng nhu c\u1ea7u n\u00e0y. Ng\u01a3\u1eddi n\u00e0o qu\u00ean \u0111i\u1ec1u n\u00e0y s\u1ebd ng\u1ed3i m\u1ed9t m\u00ecnh c\u00f4 \u0111\u1ed9c b\u00ean qu\u1ea7y n\u01a3\u1edbc.","NH\u00c0 PH\u00c2N T\u00cdCH, NH\u00c0 T\u01af V\u1ea4N,NH\u00c0 GIAO D\u1ecaCH - NH\u1eeeNG \u0110I\u1ec0U N\u1ef0C C\u01af\u1edcI C\u1ea6N TR\u00c1NH L\u1eddi s\u1ed1 57 \u201c\u0110\u1eebng bao gi\u1edd h\u1ecfi th\u1ee3 c\u1eaft t\u00f3c xem \u0111\u00e3 \u0111\u1ebfn l\u00fac b\u1ea1n ph\u1ea3i c\u1eaft t\u00f3c ch\u01a3a.\u201d *** H\u1ecfi nh\u00e0 t\u01a3 v\u1ea5n li\u1ec7u b\u1ea1n c\u00f3 g\u1eb7p v\u1ea5n \u0111\u1ec1 g\u00ec kh\u00f4ng th\u00ec \u00f4ng ta s\u1ebd t\u00ecm ra cho b\u1ea1n m\u1ed9t v\u1ea5n \u0111\u1ec1 - ngay c\u1ea3 khi b\u1ea1n kh\u00f4ng c\u00f3 v\u1ea5n \u0111\u1ec1 g\u00ec. Warren nh\u1eadn th\u1ea5y \u0111i\u1ec1u n\u00e0y r\u1ea5t \u0111\u00fang khi \u00e1p d\u1ee5ng cho c\u00e1c \u00f4ng ch\u1ee7 ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01a3, nh\u00e0 t\u01a3 v\u1ea5n qu\u1ea3n tr\u1ecb, lu\u1eadt s\u01a3, th\u1ee3 s\u1eeda xe, t\u01a3 v\u1ea5n ch\u0103m s\u00f3c s\u00e2n v\u01a3\u1eddn, v\u00e0 nh\u1eefng d\u1ea1ng ngh\u1ec1 t\u01a3\u01a1ng t\u1ef1. Nh\u1eefng ng\u01a3\u1eddi \u0111\u01a3\u1ee3c tr\u1ea3 ti\u1ec1n \u0111\u1ec3 ch\u1ec9nh s\u1eeda c\u00e1c v\u1ea5n \u0111\u1ec1 s\u1ebd lu\u00f4n t\u00ecm ra v\u1ea5n \u0111\u1ec1 b\u1edfi v\u00ec n\u1ebfu kh\u00f4ng c\u00f3 v\u1ea5n \u0111\u1ec1 th\u00ec l\u1ea5y g\u00ec \u0111\u1ec3 ch\u1ec9nh s\u1eeda.","L\u1eddi s\u1ed1 58 \u201cC\u00e1c d\u1ef1 b\u00e1o ch\u1ec9 cho ch\u00fang ta bi\u1ebft v\u1ec1 ng\u01a3\u1eddi d\u1ef1 b\u00e1o nhi\u1ec1u h\u01a1n l\u00e0 v\u1ec1 v\u1ea5n \u0111\u1ec1 \u0111\u01a3\u1ee3c d\u1ef1 b\u00e1o.\u201d *** \u0110a s\u1ed1 m\u1ecdi ng\u01a3\u1eddi \u0111\u1ec1u qu\u00ean r\u1eb1ng nh\u1eefng nh\u00e0 d\u1ef1 b\u00e1o th\u01a3\u1eddng thi\u00ean v\u1ec1 ph\u1ea3n \u00e1nh m\u1ed1i quan t\u00e2m c\u1ee7a nh\u1eefng ng\u01a3\u1eddi tr\u1ea3 l\u01a3\u01a1ng cho h\u1ecd - n\u1ebfu h\u1ecd \u0111\u01a3\u1ee3c tr\u1ea3 l\u01a3\u01a1ng \u0111\u1ec3 \u0111\u01a3a ra th\u00f4ng tin bi quan, h\u1ecd s\u1ebd bi quan \u0111\u00fang nh\u01a3 th\u1ebf; n\u1ebfu c\u1ea7n ph\u1ea3i l\u1ea1c quan, th\u00ec b\u1ea1n s\u1ebd nh\u1eadn \u0111\u01a3\u1ee3c th\u00f4ng tin l\u1ea1c quan. Con ng\u01a3\u1eddi ta th\u1ec3 hi\u1ec7n \u0111\u00fang nh\u1eefng g\u00ec h\u1ecd \u0111\u01a3\u1ee3c tr\u1ea3 ti\u1ec1n \u0111\u1ec3 th\u1ec3 hi\u1ec7n, kh\u00f4ng h\u01a1n kh\u00f4ng k\u00e9m. Nh\u1eefng ng\u01a3\u1eddi d\u1ef1 b\u00e1o kh\u00f4ng c\u00f3 trong tay m\u1ed9t qu\u1ea3 c\u1ea7u pha l\u00ea \u0111\u1ec3 nh\u00ecn v\u00e0o \u0111\u00f3 m\u00e0 th\u1ea5y t\u01a3\u01a1ng lai, nh\u01a3ng h\u1ecd c\u0169ng c\u00f3 nh\u1eefng kho\u1ea3n th\u1ebf ch\u1ea5p nh\u00e0 c\u1eeda c\u1ea7n ph\u1ea3i chi tr\u1ea3 v\u00e0 c\u00f3 con c\u00e1i c\u1ea7n ph\u1ea3i v\u00e0o \u0111\u1ea1i h\u1ecdc. Wall Street lu\u00f4n mong mu\u1ed1n nh\u00ecn th\u1ea5y c\u00e1c ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch t\u1ea5p n\u1eadp, \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c h\u1ecd c\u1ea7n ph\u1ea3i c\u00f3 v\u00f4 v\u00e0n l\u00fd do khi\u1ebfn b\u1ea1n thay \u0111\u1ed5i danh m\u1ee5c \u0111\u1ea7u t\u01a3 c\u1ee7a m\u00ecnh. N\u1ebfu nh\u00e0 d\u1ef1 b\u00e1o loan tin r\u1eb1ng l\u00e3i su\u1ea5t ti\u1ebft ki\u1ec7m s\u1ebd gia t\u0103ng, b\u1ea1n s\u1ebd b\u00e1n c\u1ed5 phi\u1ebfu; n\u1ebfu anh ta tuy\u00ean b\u1ed1 l\u00e3i su\u1ea5t s\u1ebd gi\u1ea3m, b\u1ea1n s\u1ebd mua th\u00eam c\u1ed5 phi\u1ebfu. H\u1ecd c\u0169ng l\u00e0m t\u01a3\u01a1ng t\u1ef1 v\u1edbi c\u00e1c c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb - d\u1ef1 \u0111o\u00e1n doanh thu qu\u00fd n\u00e0y th\u1ea5p v\u00e0 b\u1ea1n s\u1ebd b\u00e1n ra, d\u1ef1 \u0111o\u00e1n doanh thu cao v\u00e0 b\u1ea1n s\u1ebd mua v\u00e0o. Wall Street ki\u1ebfm ti\u1ec1n t\u1eeb nh\u1eefng ho\u1ea1t \u0111\u1ed9ng chuy\u1ec3n nh\u01a3\u1ee3ng ti\u1ec1n \u0111\u1ea7u t\u01a3 t\u1eeb n\u01a1i n\u00e0y sang n\u01a1i kh\u00e1c, v\u00ec v\u1eady, l\u1ebd \u0111\u01a3\u01a1ng nhi\u00ean l\u00e0 nh\u1eefng nh\u00e0 d\u1ef1 b\u00e1o cho Wall Street, hay c\u00f2n g\u1ecdi l\u00e0 nh\u00e0 ph\u00e2n t\u00edch, s\u1ebd t\u00ecm ra h\u00e0ng lo\u1ea1t l\u00fd do \u0111\u1ec3 b\u1ea1n ph\u1ea3i l\u00e0m \u0111\u00fang nh\u01a3 \u00fd h\u1ecd, ngh\u0129a l\u00e0 chuy\u1ec3n kho\u1ea3n ti\u1ec1n \u0111\u1ea7u t\u01a3 t\u1eeb n\u01a1i n\u00e0y sang n\u01a1i kh\u00e1c. V\u1ea5n \u0111\u1ec1 l\u00e0 t\u1ea5t c\u1ea3 nh\u1eefng ho\u1ea1t \u0111\u1ed9ng n\u00e0y kh\u00f4ng l\u00e0m cho b\u1ea1n gi\u00e0u c\u00f3 th\u00eam t\u00ed n\u00e0o c\u1ea3.","L\u1eddi s\u1ed1 59 \u201cM\u1ed9t cu\u1ed9c tr\u01a3ng c\u1ea7u \u00fd ki\u1ebfn kh\u00f4ng th\u1ec3 thay th\u1ebf cho suy ngh\u0129 c\u1ee7a b\u1ea1n.\u201d *** B\u1ea1n c\u1ea3m th\u1ea5y tho\u1ea3i m\u00e1i t\u1ef1 tin khi \u0111\u1ea7u t\u01a3 theo \u0111\u00e1m \u0111\u00f4ng. Ai c\u0169ng \u0111\u1ed3ng \u00fd v\u1edbi b\u1ea1n. Tuy nhi\u00ean, khi b\u1ea1n \u0111\u1ea7u t\u01a3 theo \u0111\u00e1m \u0111\u00f4ng, b\u1ea1n ph\u1ea3i lo l\u1eafng xem l\u00fac n\u00e0o \u0111\u00e1m \u0111\u00f4ng s\u1ebd r\u1eddi b\u1ecf cu\u1ed9c ch\u01a1i, b\u1edfi v\u00ec, c\u0169ng gi\u1ed1ng nh\u01a3 khi b\u1ea1n c\u00f2n h\u1ecdc trung h\u1ecdc, kh\u00f4ng ai \u0111\u01a3\u1ee3c y\u00eau th\u00edch m\u00e3i m\u00e3i. Th\u01a3\u1eddng th\u00ec ch\u1eb3ng c\u00f2n m\u1ea5y hy v\u1ecdng \u0111i l\u00ean sau khi m\u1ed9t c\u1ed5 phi\u1ebfu \u0111\u00e3 qua th\u1eddi \u0111\u01a3\u1ee3c y\u00eau th\u00edch, \u0111i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a l\u00e0 b\u1ea1n ch\u1ecbu nhi\u1ec1u r\u1ee7i ro v\u1edbi t\u1ec9 l\u1ec7 l\u1ee3i nhu\u1eadn th\u1ea5p. N\u1ebfu b\u1ea1n l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01a3 bi\u1ebft suy ngh\u0129, nh\u01a3 Warren, b\u1ea1n s\u1ebd \u0111i t\u00ecm nh\u1eefng c\u1ed5 phi\u1ebfu \u0111ang tr\u1ea3i qua giai \u0111o\u1ea1n kh\u00f4ng \u0111\u01a3\u1ee3c \u01a3a chu\u1ed9ng, b\u1edfi v\u00ec \u0111\u00e2y l\u00e0 n\u01a1i b\u1ea1n t\u00ecm th\u1ea5y nh\u1eefng Ng\u00f4i sao c\u1ee7a ng\u00e0y mai \u0111\u01a3\u1ee3c b\u00e1n v\u1edbi gi\u00e1 c\u1ef1c r\u1ebb, \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c r\u1ee7i ro m\u1ea5t ti\u1ec1n th\u1ea5p trong khi ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn l\u1ea1i cao.","L\u1eddi s\u1ed1 60 \u201cC\u00e1c tr\u01a3\u1eddng kinh doanh khen ng\u1ee3i nh\u1eefng h\u00e0nh vi ph\u1ee9c t\u1ea1p, kh\u00f3 kh\u0103n thay v\u00ec c\u1ed5 v\u0169 h\u00e0nh vi \u0111\u01a1n gi\u1ea3n; nh\u01a3ng ch\u00ednh h\u00e0nh vi \u0111\u01a1n gi\u1ea3n m\u1edbi hi\u1ec7u qu\u1ea3 h\u01a1n.\u201d *** Tri\u1ebft gia ng\u01a3\u1eddi Anh th\u1eddi Trung c\u1ed5 v\u00e0 tu s\u0129 d\u00f2ng Franciscan William x\u1ee9 Ockham (s\u1ed1ng trong kho\u1ea3ng 1285 - 1349), \u0111\u01a3\u1ee3c g\u1ecdi th\u00e2n m\u1eadt trong gi\u1edbi h\u1ecdc thu\u1eadt l\u00e0 Billy Occam, \u0111\u00e3 \u0111\u01a3a ra \u00fd t\u01a3\u1edfng r\u1eb1ng c\u00e1ch gi\u1ea3i th\u00edch \u0111\u01a1n gi\u1ea3n nh\u1ea5t th\u01a3\u1eddng l\u00e0 c\u00e1ch gi\u1ea3i th\u00edch t\u1ed1t nh\u1ea5t. V\u1ea5n \u0111\u1ec1 c\u1ee7a \u00fd t\u01a3\u1edfng n\u00e0y l\u00e0 c\u00e1c nh\u00e0 thuy\u1ebft gi\u1ea3ng trong b\u1ea5t c\u1ee9 ng\u00e0nh ngh\u1ec1 n\u00e0o c\u0169ng c\u1ea7n \u0111\u1ebfn s\u1ef1 ph\u1ee9c t\u1ea1p \u0111\u1ec3 ng\u0103n c\u1ea3n nh\u1eefng ng\u01a3\u1eddi ngo\u1ea1i \u0111\u1ea1o chi\u1ebfm m\u1ea5t s\u1ef1 huy\u1ec1n \u1ea3o c\u1ee7a h\u1ecd. N\u1ebfu b\u1ea1n hi\u1ec3u r\u00f5 quy tr\u00ecnh \u0111\u1ea7u t\u01a3, b\u1ea1n s\u1ebd kh\u00f4ng c\u1ea7n \u0111\u1ebfn nh\u1eefng nh\u00e0 ph\u00e2n t\u00edch hay t\u01a3 v\u1ea5n \u0111\u1ea7u t\u01a3, v\u00e0 b\u1ea1n c\u0169ng kh\u00f4ng c\u1ea7n \u0111\u1ebfn c\u00e1c qu\u1ef9 h\u1ed7 t\u01a3\u01a1ng hay b\u1ea5t c\u1ee9 nh\u00e0 rao gi\u1ea3ng n\u00e0o trong \u201cngh\u1ec1\u201d n\u00e0y. T\u00ecm m\u1ed9t c\u00f4ng ty v\u0129 \u0111\u1ea1i v\u00e0 mua l\u1ea1i v\u1edbi gi\u00e1 tuy\u1ec7t v\u1eddi v\u00e0 sau \u0111\u00f3 n\u1eafm gi\u1eef su\u1ed1t hai m\u01a3\u01a1i n\u0103m kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t vi\u1ec7c qu\u00e1 kh\u00f3 kh\u0103n \u0111\u1ec3 h\u1ecdc h\u1ecfi v\u00e0 thu l\u1ee3i nhu\u1eadn, trong khi c\u00e1c nh\u00e0 rao gi\u1ea3ng t\u1ea1i Wall Street \u0111\u1ec1u thuy\u1ebft gi\u00e1o v\u1ec1 nh\u1eefng chi\u1ebfn l\u01a3\u1ee3c \u0111\u1ea7u t\u01a3 ng\u1eafn h\u1ea1n, m\u00e0 n\u00f3i cho \u0111\u00fang, ch\u1ec9 \u0111\u01a3\u1ee3c thi\u1ebft k\u1ebf \u0111\u1ec3 mang l\u1ea1i gi\u00e0u c\u00f3 cho ng\u01a3\u1eddi t\u01a3 v\u1ea5n ch\u1ee9 kh\u00f4ng ph\u1ea3i ng\u01a3\u1eddi \u0111\u01a3\u1ee3c t\u01a3 v\u1ea5n.","L\u1eddi s\u1ed1 61 \u201cCon ng\u01a3\u1eddi d\u01a3\u1eddng nh\u01a3 s\u1edf h\u1eefu m\u1ed9t t\u00ednh c\u00e1ch ngang b\u01a3\u1edbng ch\u1ec9 l\u00e0m kh\u00f3 kh\u0103n th\u00eam nh\u1eefng v\u1ea5n \u0111\u1ec1 \u0111\u01a1n gi\u1ea3n.\u201d *** M\u1ed7i ng\u00e0nh ngh\u1ec1 chuy\u00ean m\u00f4n r\u00f5 r\u00e0ng \u0111\u1ec1u l\u00e0 m\u1ed9t \u00e2m m\u01a3u ch\u1ed1ng l\u1ea1i ng\u01a3\u1eddi b\u00ecnh th\u01a3\u1eddng ngo\u1ea1i \u0111\u1ea1o. Ch\u1ec9 khi n\u00e0o m\u1ed9t v\u1ea5n \u0111\u1ec1 qu\u00e1 h\u00f3c b\u00faa kh\u00f4ng th\u1ec3 hi\u1ec3u \u0111\u01a3\u1ee3c th\u00ec ng\u01a3\u1eddi ta m\u1edbi c\u1ea7n \u0111\u1ebfn c\u00e1c chuy\u00ean gia, nh\u1eefng ng\u01a3\u1eddi c\u00f3 th\u1ec3 \u0111\u00f2i chi ph\u00ed r\u1ea5t cao \u0111\u1ec3 gi\u1ea3i th\u00edch m\u1ecdi th\u1ee9. S\u1ef1 ph\u1ee9c t\u1ea1p c\u00e0ng cao, th\u00ec nhu c\u1ea7u ph\u1ea3i c\u00f3 chuy\u00ean gia h\u01a3\u1edbng d\u1eabn c\u00e0ng t\u0103ng. Wall Street l\u00e0 m\u1ed9t ng\u00e0nh kinh doanh chuy\u00ean m\u00f4n v\u1ec1 ch\u1ecdn c\u1ed5 phi\u1ebfu \u0111\u1ea7u t\u01a3, v\u00ec v\u1eady c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi lu\u00f4n c\u1ed1 g\u1eafng tr\u00ecnh b\u00e0y tr\u00f2 ch\u01a1i \u0111\u1ea7u t\u01a3 n\u00e0y m\u1ed9t c\u00e1ch c\u1ef1c k\u1ef3 ph\u1ee9c t\u1ea1p kh\u00f3 hi\u1ec3u \u0111\u1ed1i v\u1edbi ng\u01a3\u1eddi th\u01a3\u1eddng, ngo\u1ea1i tr\u1eeb nh\u1eefng ng\u01a3\u1eddi chuy\u00ean nghi\u1ec7p. K\u1ebf ho\u1ea1ch c\u1ee7a h\u1ecd r\u1ea5t \u0111\u01a1n gi\u1ea3n - h\u1ecd s\u1ebd l\u00e0m gi\u00e0u b\u1eb1ng c\u00e1ch gi\u00fap b\u1ea1n gi\u00e0u c\u00f3, v\u00e0 h\u1ecd ph\u1ea3i gi\u1eef ch\u00e2n b\u1ea1n b\u1eb1ng c\u00e1ch thuy\u1ebft ph\u1ee5c b\u1ea1n r\u1eb1ng tr\u00f2 ch\u01a1i \u0111\u1ea7u t\u01a3 r\u1ea5t ph\u1ee9c t\u1ea1p \u0111\u1ebfn m\u1ee9c b\u1ea1n kh\u00f4ng th\u1ec3 hi\u1ec3u \u0111\u01a3\u1ee3c. Nh\u01a3ng ch\u01a3a c\u00f3 ai t\u1eebng \u0111\u1eb7t c\u00e2u h\u1ecfi t\u1ea1i sao n\u1ebfu h\u1ecd th\u00f4ng minh kh\u00f4n kh\u00e9o \u0111\u1ebfn th\u1ebf h\u1ecd l\u1ea1i c\u1ea7n d\u00f9ng \u0111\u1ebfn ti\u1ec1n c\u1ee7a ng\u01a3\u1eddi kh\u00e1c \u0111\u1ec3 l\u00e0m gi\u00e0u? C\u00f3 th\u1ec3 h\u1ecd c\u1ea7n ti\u1ec1n c\u1ee7a b\u1ea1n v\u00ec tr\u00f2 ch\u01a1i n\u00e0y kh\u00f4ng li\u00ean quan g\u00ec \u0111\u1ebfn vi\u1ec7c l\u00e0m gi\u00e0u t\u1eeb \u0111\u1ea7u t\u01a3. Thay v\u00e0o \u0111\u00f3, h\u1ecd l\u00e0m gi\u00e0u b\u1eb1ng s\u1ed1 ti\u1ec1n hoa h\u1ed3ng h\u1ecd t\u00ednh cho b\u1ea1n khi mua v\u00e0 b\u00e1n c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01a3. Nh\u01a3 Woody Allen \u0111\u00e3 t\u1eebng n\u00f3i: \u201cNg\u01a3\u1eddi m\u00f4i gi\u1edbi giao d\u1ecbch ch\u1ee9ng kho\u00e1n l\u00e0 ng\u01a3\u1eddi \u0111\u1ea7u t\u01a3 b\u1eb1ng ti\u1ec1n c\u1ee7a ng\u01a3\u1eddi kh\u00e1c cho \u0111\u1ebfn khi s\u1ed1 ti\u1ec1n n\u00e0y b\u1ed1c h\u01a1i ho\u00e0n to\u00e0n.\u201d","L\u1eddi s\u1ed1 62 \u201c\u0110\u1ec1 ngh\u1ecb n\u1eafm gi\u1eef m\u1ed9t v\u1eadt g\u00ec \u0111\u00f3 su\u1ed1t 30 n\u0103m \u0111\u00f2i h\u1ecfi s\u1ef1 hy sinh c\u00e1 nh\u00e2n th\u1eadm ch\u00ed c\u00f2n r\u1ea5t hi\u1ebfm th\u1ea5y trong m\u1ed9t tu vi\u1ec7n, hu\u1ed1ng chi l\u00e0 trong ng\u00f4i nh\u00e0 c\u1ee7a ng\u01a3\u1eddi m\u00f4i gi\u1edbi.\u201d *** Ng\u01a3\u1eddi m\u00f4i gi\u1edbi ch\u1ee9ng kho\u00e1n cho b\u1ea1n s\u1ebd ch\u1ebft \u0111\u00f3i m\u1ea5t n\u1ebfu anh ta \u00e1p d\u1ee5ng theo chi\u1ebfn l\u01a3\u1ee3c c\u1ee7a Warren l\u00e0 mua v\u00e0 gi\u1eef. Kh\u00f4ng ph\u1ea3i h\u1ecd kh\u00f4ng tin t\u01a3\u1edfng r\u1eb1ng \u0111i\u1ec1u n\u00e0y s\u1ebd mang \u0111\u1ebfn t\u01a3\u1edfng th\u01a3\u1edfng x\u1ee9ng \u0111\u00e1ng; v\u1ea5n \u0111\u1ec1 l\u00e0 n\u1ebfu nh\u01a3 v\u1eady th\u00ec ng\u01a3\u1eddi m\u00f4i gi\u1edbi s\u1ebd kh\u00f4ng \u0111\u01a3\u1ee3c h\u01a3\u1edfng g\u00ec c\u1ea3. H\u1ecd ki\u1ebfm ti\u1ec1n t\u1eeb nh\u1eefng ph\u1ea7n tr\u0103m hoa h\u1ed3ng nh\u1eadn \u0111\u01a3\u1ee3c khi mua v\u00e0 b\u00e1n c\u1ed5 phi\u1ebfu cho b\u1ea1n. N\u1ebfu h\u1ecd c\u00e0ng mua b\u00e1n t\u00edch c\u1ef1c, th\u00ec h\u1ecd c\u00e0ng ki\u1ebfm \u0111\u01a3\u1ee3c nhi\u1ec1u ti\u1ec1n, v\u00e0 h\u1ecd lu\u00f4n c\u00f3 l\u00fd do ch\u00ednh \u0111\u00e1ng thuy\u1ebft ph\u1ee5c b\u1ea1n mua m\u00f3n n\u00e0y b\u00e1n m\u00f3n kia. N\u1ebfu ng\u01a3\u1eddi m\u00f4i gi\u1edbi c\u1ee7a b\u1ea1n \u0111em khoe v\u1edbi b\u1ea1n nhi\u1ec1u h\u01a1n m\u1ed9t \u00fd t\u01a3\u1edfng hay ho m\u1ed7i n\u0103m, th\u00ec c\u00f3 nhi\u1ec1u kh\u1ea3 n\u0103ng l\u00e0 anh ta \u0111\u00e3 h\u01a1i \u1ea3o t\u01a3\u1edfng. N\u1ebfu ng\u01a3\u1eddi m\u00f4i gi\u1edbi c\u1ee7a b\u1ea1n khuy\u00ean b\u1ea1n n\u00ean b\u00e1n s\u1ed1 c\u1ed5 phi\u1ebfu anh ta m\u1edbi v\u1eeba t\u01a3 v\u1ea5n cho b\u1ea1n mua h\u1ed3i th\u00e1ng tr\u01a3\u1edbc b\u1edfi v\u00ec t\u00ecnh h\u00ecnh th\u1ecb tr\u01a3\u1eddng \u0111\u00e3 thay \u0111\u1ed5i, th\u00ec anh ta c\u00f3 v\u1ebb nh\u01a3 kh\u00f4ng ph\u1ea3i \u1ea3o t\u01a3\u1edfng - anh ta ch\u1ec9 kh\u00f4ng trung th\u1ef1c m\u00e0 th\u00f4i.","T\u1ea0I SAO KH\u00d4NG N\u00caN \u0110A D\u1ea0NG H\u00d3A? L\u1eddi s\u1ed1 63 \u201cT\u00f4i kh\u00f4ng th\u1ec3 c\u00f9ng l\u00fac theo d\u00f5i 50 hay 60 th\u1ee9. \u0110\u1ea5y l\u00e0 c\u00e1ch \u0111\u1ea7u t\u01a3 theo ki\u1ec3u chi\u1ebfc thuy\u1ec1n c\u1ee7a Noah - cu\u1ed1i c\u00f9ng b\u1ea1n s\u1ebd s\u1edf h\u1eefu c\u1ea3 m\u1ed9t s\u1edf th\u00fa. T\u00f4i mu\u1ed1n \u0111\u1ea7u t\u01a3 m\u1ed9t s\u1ed1 ti\u1ec1n h\u1ee3p l\u00fd v\u00e0o m\u1ed9t v\u00e0i m\u00f3n m\u00e0 th\u00f4i.\u201d *** N\u1ebfu b\u1ea1n ph\u1ea3i \u0111\u1ea7u t\u01a3 v\u00e0o 50 lo\u1ea1i c\u1ed5 phi\u1ebfu kh\u00e1c nhau, th\u00ec s\u1ef1 quan t\u00e2m v\u00e0 kh\u1ea3 n\u0103ng theo d\u00f5i t\u00ecnh h\u00ecnh kinh doanh c\u1ee7a c\u00e1c c\u00f4ng ty s\u1ebd b\u1ecb h\u1ea1n ch\u1ebf kinh kh\u1ee7ng. Th\u1eadt s\u1ef1 l\u00e0 cu\u1ed1i c\u00f9ng b\u1ea1n s\u1ebd c\u00f3 trong tay m\u1ed9t s\u1edf th\u00fa nh\u01a3ng kh\u00f4ng c\u00f3 con v\u1eadt n\u00e0o \u0111\u01a3\u1ee3c quan t\u00e2m \u0111\u00fang m\u1ee9c c\u1ea3. C\u00e1i n\u00e0y gi\u1ed1ng nh\u01a3 m\u1ed9t ng\u01a3\u1eddi tung h\u1ee9ng c\u00f3 qu\u00e1 nhi\u1ec1u qu\u1ea3 banh tr\u00ean kh\u00f4ng. B\u1ea1n s\u1ebd kh\u00f4ng ch\u1ec9 l\u00e0m r\u01a1i m\u1ed9t qu\u1ea3 banh - b\u1ea1n s\u1ebd k\u1ebft th\u00fac b\u1eb1ng c\u00e1ch l\u00e0m r\u01a1i h\u1ebft to\u00e0n b\u1ed9. Warren \u0111\u1ea7u t\u01a3 m\u1ed9t s\u1ed1 ti\u1ec1n h\u1ee3p l\u00fd v\u00ec nh\u1eefng \u00fd t\u01a3\u1edfng \u0111\u1ea7u t\u01a3 v\u0129 \u0111\u1ea1i kh\u00f4ng c\u00f3 nhi\u1ec1u. \u00d4ng n\u00f3i r\u1eb1ng b\u1ea1n ch\u1ec9 c\u1ea7n c\u00f3 v\u00e0i quy\u1ebft \u0111\u1ecbnh \u0111\u00fang \u0111\u1eafn l\u00e0 tr\u1edf n\u00ean gi\u00e0u c\u00f3, v\u00e0 n\u1ebfu b\u1ea1n c\u00f3 nhi\u1ec1u h\u01a1n m\u1ed9t \u00fd t\u01a3\u1edfng kinh doanh tuy\u1ec7t h\u1ea3o m\u1ed7i n\u0103m, nhi\u1ec1u kh\u1ea3 n\u0103ng l\u00e0 b\u1ea1n \u0111ang b\u1ecb \u1ea3o t\u01a3\u1edfng v\u1ec1 b\u1ea3n th\u00e2n m\u00ecnh.","L\u1eddi s\u1ed1 64 \u201c\u0110a d\u1ea1ng h\u00f3a l\u00e0 s\u1ef1 b\u1ea3o v\u1ec7 tr\u01a3\u1edbc s\u1ef1 ngu d\u1ed1t. Nh\u01a3ng n\u00f3 kh\u00f4ng c\u00f3 nhi\u1ec1u \u00fd ngh\u0129a \u0111\u1ed1i v\u1edbi nh\u1eefng ai hi\u1ec3u r\u00f5 c\u00f4ng vi\u1ec7c m\u00ecnh l\u00e0m.\u201d *** N\u1ebfu b\u1ea1n kh\u00f4ng hi\u1ec3u m\u00ecnh \u0111ang l\u00e0m g\u00ec, b\u1ea1n n\u00ean tr\u1ea3i r\u1ed9ng \u0111\u1ea7u t\u01a3 c\u1ee7a m\u00ecnh, hy v\u1ecdng l\u00e0 kh\u00f4ng \u0111\u1ebfn m\u1ee9c t\u1ea5t c\u1ea3 c\u00e1c tr\u1ee9ng c\u1ee7a m\u00ecnh \u0111\u1ec1u b\u1ecb v\u1eefa h\u1ebft. N\u1ebfu ng\u01a3\u1eddi t\u01a3 v\u1ea5n \u0111\u1ea7u t\u01a3 c\u1ee7a b\u1ea1n khuy\u00ean b\u1ea1n n\u00ean \u0111\u1ea7u t\u01a3 d\u00e0n tr\u1ea3i, \u0111i\u1ec1u \u0111\u00f3 c\u00f3 ngh\u0129a l\u00e0 anh ta \u0111ang th\u1ec3 hi\u1ec7n r\u1eb1ng m\u00ecnh kh\u00f4ng hi\u1ec3u r\u00f5 c\u00f4ng vi\u1ec7c m\u00ecnh l\u00e0m, v\u00e0 anh ta mu\u1ed1n b\u1ea3o v\u1ec7 b\u1ea1n kh\u1ecfi tr\u1edf th\u00e0nh n\u1ea1n nh\u00e2n cho s\u1ef1 ngu d\u1ed1t c\u1ee7a anh ta. Warren hi\u1ec3u r\u00f5 m\u00ecnh \u0111ang l\u00e0m g\u00ec, v\u00ec v\u1eady \u00f4ng th\u00edch t\u1eadp trung \u0111\u1ea7u t\u01a3 v\u00e0o m\u1ed9t v\u00e0i qu\u1ea3 tr\u1ee9ng \u0111\u01a3\u1ee3c ch\u1ecdn l\u1ecdc c\u1ea9n th\u1eadn, sau \u0111\u00f3 \u00f4ng ng\u1ed3i xem ch\u00fang n\u1edf.","L\u1eddi s\u1ed1 65 \u201cWall Street ki\u1ebfm ti\u1ec1n nh\u1edd n\u0103ng \u0111\u1ed9ng. B\u1ea1n ki\u1ebfm ti\u1ec1n nh\u1edd b\u1ea5t \u0111\u1ed9ng.\u201d *** K\u1ef9 x\u1ea3o c\u1ee7a Wall Street l\u00e0 n\u1eafm quy\u1ec1n ki\u1ec3m so\u00e1t t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n sau \u0111\u00f3 v\u1eaft ki\u1ec7t ch\u00fang \u0111\u1ec3 l\u1ea5y hoa h\u1ed3ng. C\u00e1c nh\u00e2n vi\u00ean m\u00f4i gi\u1edbi c\u00f3 h\u00e0ng tr\u0103m c\u00e1ch \u0111\u1ec3 l\u00e0m vi\u1ec7c n\u00e0y; h\u1ecd khi\u1ebfn b\u1ea1n ph\u1ea3i mua ph\u1ea3i b\u00e1n d\u1ef1a tr\u00ean nh\u1eefng th\u00f4ng tin v\u1ec1 l\u00e3i su\u1ea5t, d\u1ef1a tr\u00ean b\u00e1o c\u00e1o t\u00ecnh h\u00ecnh kinh doanh trong qu\u00fd t\u0103ng hay gi\u1ea3m, v\u00e0 d\u1ef1a tr\u00ean b\u1ea5t c\u1ee9 l\u1eddi khuy\u00ean n\u00e0o c\u1ee7a c\u00e1c nh\u00e0 ph\u00e2n t\u00edch m\u00e0 h\u1ecd ki\u1ebfm \u0111\u01a3\u1ee3c. H\u1ecd c\u00f2n khi\u1ebfn b\u1ea1n ph\u1ea3i mua b\u00e1n d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 b\u1ea7u c\u1eed t\u1ed5ng th\u1ed1ng. H\u1ecd ki\u1ebfm \u0111\u01a3\u1ee3c ti\u1ec1n t\u1eeb ho\u1ea1t \u0111\u1ed9ng, b\u1ea5t c\u1ee9 ho\u1ea1t \u0111\u1ed9ng n\u00e0o, v\u00e0 n\u1ebfu b\u1ea1n c\u00f2n vui v\u1ebb nghe theo l\u1eddi h\u1ecd, th\u00ec h\u1ecd c\u0169ng vui v\u1ebb l\u1ea5y ti\u1ec1n c\u1ee7a b\u1ea1n. N\u1ebfu b\u1ea1n mu\u1ed1n ki\u1ebfm ti\u1ec1n t\u1eeb th\u1ecb tr\u01a3\u1eddng ch\u1ee9ng kho\u00e1n, b\u1ea1n c\u1ea7n ph\u1ea3i mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t c\u00f4ng ty v\u0129 \u0111\u1ea1i v\u1edbi gi\u00e1 h\u1ee3p l\u00fd, ho\u1eb7c gi\u00e1 th\u1ea5p v\u00e0 gi\u1eef ch\u00fang trong m\u1ed9t th\u1eddi gian d\u00e0i - t\u1eeb \u0111\u00f3 gi\u00fap cho ph\u1ea7n thu nh\u1eadp gi\u1eef l\u1ea1i c\u1ee7a c\u00f4ng ty \u0111\u01a3\u1ee3c t\u00edch l\u0169y \u0111\u1ec3 \u0111\u1ea9y gi\u00e1 tr\u1ecb g\u1ed1c l\u00ean. \u0110\u00e2y l\u00e0 c\u00e1ch l\u00e0m gi\u00e0u c\u1ee7a nh\u1eefng ng\u01a3\u1eddi nh\u01a3 Bill Gates hay Warren Buffett. Gates l\u00e0m \u0111\u01a3\u1ee3c ch\u1ec9 b\u1eb1ng m\u1ed9t c\u1ed5 phi\u1ebfu duy nh\u1ea5t, v\u00e0 Warren l\u00e0m \u0111\u01a3\u1ee3c v\u1edbi kho\u1ea3ng n\u1eeda t\u00e1. N\u00f3 \u0111\u00e3 \u0111\u01a3\u1ee3c ch\u1ee9ng minh l\u00e0 \u0111\u00fang. Th\u1eed nh\u00ecn xem ai l\u00e0 ng\u01a3\u1eddi gi\u00e0u nh\u1ea5t, v\u00e0 nh\u00ec, tr\u00ean th\u1ebf gi\u1edbi. N\u1ebfu b\u1ea1n v\u1eabn c\u00f2n ch\u01a3a tin, th\u1eed \u0111i h\u1ecfi ch\u1eebng h\u01a1n tr\u0103m ng\u01a3\u1eddi t\u1ea1i Omaha c\u00e1ch \u0111\u00e2y 30 n\u0103m \u0111\u00e3 \u0111\u1ed5 ti\u1ec1n v\u00e0o ch\u1ec9 m\u1ed9t c\u00f4ng ty l\u00e0 Berkshire Hathaway \u0111\u1ec3 r\u1ed3i b\u00e2y gi\u1edd m\u1ed7i ng\u01a3\u1eddi tr\u1ecb gi\u00e1 h\u01a1n 50 tri\u1ec7u \u0111\u00f4la.","L\u1eddi s\u1ed1 66 \u201cT\u1ea1i sao b\u1ea1n kh\u00f4ng \u0111\u1ea7u t\u01a3 t\u00e0i s\u1ea3n c\u1ee7a m\u00ecnh v\u00e0o nh\u1eefng c\u00f4ng ty b\u1ea1n th\u1eadt s\u1ef1 y\u00eau th\u00edch? Gi\u1ed1ng nh\u01a3 Mae West \u0111\u00e3 t\u1eebng n\u00f3i: \u201cNhi\u1ec1u th\u1ee9 hay c\u1ed9ng l\u1ea1i th\u00e0nh tuy\u1ec7t v\u1eddi.\u201d\u201d *** Warren n\u1ed5i ti\u1ebfng v\u1edbi chi\u1ebfn l\u01a3\u1ee3c \u0111\u1ea7u t\u01a3 c\u1ed5 phi\u1ebfu t\u1eadp trung, v\u00e0 \u00f4ng s\u1eb5n s\u00e0ng t\u0103ng th\u00eam t\u00ednh t\u1eadp trung n\u1ebfu nh\u01a3 c\u01a1 c\u1ea5u kinh t\u1ebf c\u1ee7a c\u00f4ng ty v\u1eefng ch\u1eafc v\u00e0 gi\u00e1 b\u00e1n h\u1ee3p l\u00fd. \u0110\u00f4i khi \u00f4ng t\u1eadp trung v\u00e0o m\u1ed9t c\u1ed5 phi\u1ebfu trong nhi\u1ec1u n\u0103m li\u1ec1n, nh\u01a3 \u00f4ng \u0111\u00e3 t\u1eebng l\u00e0m v\u1edbi Coca-Cola. \u0110i\u1ec1u n\u00e0y \u0111i ng\u01a3\u1ee3c l\u1ea1i v\u1edbi chi\u1ebfn l\u01a3\u1ee3c ph\u00e2n t\u00e1n r\u1ee7i ro, \u0111\u01a3\u1ee3c bi\u1ebft \u0111\u1ebfn theo l\u1eddi khuy\u00ean kh\u00f4ng n\u00ean b\u1ecf h\u1ebft to\u00e0n b\u1ed9 s\u1ed1 tr\u1ee9ng v\u00e0o c\u00f9ng m\u1ed9t gi\u1ecf. Warren v\u1eabn lu\u00f4n tin r\u1eb1ng n\u1ebfu b\u1ea1n \u0111a d\u1ea1ng h\u00f3a \u0111\u1ea7u t\u01a3 kh\u00f4ng v\u00ec m\u1ed9t m\u1ee5c \u0111\u00edch c\u1ee5 th\u1ec3 n\u00e0o th\u00ec cu\u1ed1i c\u00f9ng b\u1ea1n s\u1ebd s\u1edf h\u1eefu m\u1ed9t s\u1edf th\u00fa, v\u00e0 kh\u00f4ng th\u1eadt s\u1ef1 hi\u1ec3u \u0111\u01a3\u1ee3c b\u1ea5t c\u1ee9 c\u00f4ng ty n\u00e0o b\u1ea1n \u0111\u00e3 \u0111\u1ea7u t\u01a3 ti\u1ec1n c\u1ee7a. \u00d4ng th\u00e0 ngh\u0129 th\u1eadt k\u1ef9 v\u00e0 th\u1eadt s\u00e2u v\u1ec1 c\u00e1i gi\u1ecf \u00f4ng s\u1ebd b\u1ecf ti\u1ec1n v\u00e0o, v\u00e0 m\u1ed9t khi \u0111\u00e3 b\u1ecf ti\u1ec1n v\u00e0o, th\u00ec \u00f4ng ng\u1ed3i theo d\u00f5i chi\u1ebfc gi\u1ecf nh\u01a3 m\u1ed9t con \u0111\u1ea1i b\u00e0ng.","L\u1eddi s\u1ed1 67 \u201c\u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c m\u1ed9t c\u00e1ch r\u1ed9ng r\u00e3i ch\u1ec9 c\u1ea7n thi\u1ebft khi nh\u00e0 \u0111\u1ea7u t\u01a3 kh\u00f4ng hi\u1ec3u r\u00f5 c\u00f4ng vi\u1ec7c m\u00ecnh \u0111ang l\u00e0m.\u201d *** N\u1ebfu c\u00f3 nh\u00e0 t\u01a3 v\u1ea5n t\u00e0i ch\u00ednh n\u00e0o c\u1ed1 g\u1eafng thuy\u1ebft ph\u1ee5c b\u1ea1n n\u00ean \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c c\u1ed5 phi\u1ebfu, ngh\u0129a l\u00e0 h\u1ecd kh\u00f4ng bi\u1ebft h\u1ecd \u0111ang l\u00e0m g\u00ec khi n\u00f3i \u0111\u1ebfn \u0111\u1ea7u t\u01a3 v\u00e0 h\u1ecd \u0111ang mu\u1ed1n b\u1ea3o v\u1ec7 b\u1ea1n kh\u1ecfi s\u1ef1 ngu ng\u1ed1c c\u1ee7a h\u1ecd. V\u00e0 n\u1ebfu b\u1ea1n c\u0169ng kh\u00f4ng hi\u1ec3u r\u00f5 nh\u1eefng g\u00ec m\u00ecnh \u0111ang l\u00e0m, \u0111a d\u1ea1ng h\u00f3a l\u00e0 m\u1ed9t h\u01a3\u1edbng \u0111i kh\u00f4n ngoan ph\u1ea7n n\u00e0o b\u1ea3o v\u1ec7 b\u1ea1n kh\u1ecfi nguy c\u01a1 m\u1ea5t t\u1ea5t c\u1ea3 m\u00e0 v\u1eabn b\u1ea3o \u0111\u1ea3m \u0111\u01a3\u1ee3c ti\u1ec1m n\u0103ng ph\u00e1t tri\u1ec3n t\u01a3\u01a1ng \u0111\u1ed1i v\u1ec1 l\u00e2u d\u00e0i. Tuy nhi\u00ean, chi\u1ebfn l\u01a3\u1ee3c n\u00e0y s\u1ebd ch\u1eb3ng bao gi\u1edd l\u00e0m b\u1ea1n gi\u00e0u l\u00ean v\u00ec t\u1ef1 th\u00e2n n\u00f3 \u0111\u1ed3ng ngh\u0129a v\u1edbi th\u1eafng thua b\u00f9 tr\u1eeb nhau. Nh\u01a3ng \u00edt nh\u1ea5t n\u00f3 c\u0169ng kh\u00f4ng l\u00e0m b\u1ea1n ngh\u00e8o \u0111i.","L\u1eddi s\u1ed1 68 \u201cTrong cu\u1ed9c s\u1ed1ng b\u1ea1n ch\u1ec9 c\u1ea7n l\u00e0m \u0111\u00fang m\u1ed9t v\u00e0i th\u1ee9 mi\u1ec5n l\u00e0 b\u1ea1n \u0111\u1eebng l\u00e0m sai qu\u00e1 nhi\u1ec1u th\u1ee9.\u201d *** C\u00e1c nguy\u00ean l\u00fd s\u1ed1ng v\u00e0 \u0111\u1ea7u t\u01a3 th\u01a3\u1eddng song h\u00e0nh v\u1edbi nhau. \u0110\u1ec3 th\u00e0nh c\u00f4ng trong cu\u1ed9c s\u1ed1ng b\u1ea1n ch\u1ec9 c\u1ea7n l\u00e0m \u0111\u00fang m\u1ed9t v\u00e0i th\u1ee9. C\u00e1ch duy nh\u1ea5t b\u1ea1n c\u00f3 th\u1ec3 l\u00e0m h\u1ecfng m\u1ecdi th\u1ee9 l\u00e0 \u0111\u01a3a ra m\u1ed9t lo\u1ea1t c\u00e1c quy\u1ebft \u0111\u1ecbnh sai l\u1ea7m. \u0110i\u1ec1u n\u00e0y kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 b\u1ea1n kh\u00f4ng \u0111\u01a3\u1ee3c ph\u1ea1m sai l\u1ea7m, ch\u1ec9 c\u1ea7n b\u1ea1n \u0111\u1eebng ph\u1ea1m nh\u1eefng sai l\u1ea7m qu\u00e1 l\u1edbn qu\u00e1 nhi\u1ec1u. Trong \u0111\u1ea7u t\u01a3 c\u0169ng v\u1eady. \u0110\u01a3a ra v\u00e0i quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01a3 \u0111\u00fang l\u00e0 b\u1ea1n c\u00f3 th\u1ec3 x\u00e2y d\u1ef1ng c\u1ea3 gia t\u00e0i. Nh\u01a3ng m\u1ed7i l\u1ea7n b\u1ea1n \u0111\u01a3a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01a3, v\u1eabn c\u00f3 kh\u1ea3 n\u0103ng n\u00f3 sai. V\u00e0i quy\u1ebft \u0111\u1ecbnh sai l\u1ea7m \u0111\u1ee7 qu\u00e9t s\u1ea1ch nh\u1eefng g\u00ec b\u1ea1n t\u00edch g\u00f3p \u0111\u01a3\u1ee3c t\u1eeb nh\u1eefng quy\u1ebft \u0111\u1ecbnh \u0111\u00fang. Warren \u0111\u00e3 x\u00e1c \u0111\u1ecbnh ngay t\u1eeb khi m\u1edbi b\u1eaft \u0111\u1ea7u s\u1ef1 nghi\u1ec7p \u0111\u1ea7u t\u01a3 c\u1ee7a m\u00ecnh r\u1eb1ng \u00f4ng kh\u00f4ng th\u1ec3 n\u00e0o \u0111\u01a3a ra h\u00e0ng tr\u0103m quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01a3 \u0111\u00fang \u0111\u1eafn, v\u00ec v\u1eady \u00f4ng quy\u1ebft \u0111\u1ecbnh ch\u1ec9 \u0111\u1ea7u t\u01a3 v\u00e0o nh\u1eefng c\u00f4ng ty \u00f4ng ch\u1eafc ch\u1eafn ho\u00e0n to\u00e0n v\u00e0 sau \u0111\u00f3 th\u00ec \u0111\u1eb7t c\u01a3\u1ee3c th\u1eadt l\u1edbn. \u00d4ng ki\u1ebfm \u0111\u01a3\u1ee3c tr\u00ean 90% s\u1ed1 t\u00e0i s\u1ea3n d\u1ef1a tr\u00ean ch\u1ec9 ch\u1eebng 10 c\u00f4ng ty nh\u01a3 v\u1eady. \u0110\u00f4i khi quy\u1ebft \u0111\u1ecbnh kh\u00f4ng l\u00e0m c\u0169ng quan tr\u1ecdng kh\u00f4ng k\u00e9m quy\u1ebft \u0111\u1ecbnh ph\u1ea3i l\u00e0m.","K\u1ef6 LU\u1eacT, C\u1ea8N TR\u1eccNG V\u00c0 KI\u00caN NH\u1eaaN L\u1eddi s\u1ed1 69 \u201cN\u1ebfu b\u1ea1n \u0111\u1ec3 b\u1ea3n th\u00e2n m\u1ea5t k\u1ef7 lu\u1eadt trong nh\u1eefng chuy\u1ec7n nh\u1ecf, b\u1ea1n c\u00f3 th\u1ec3 c\u0169ng s\u1ebd m\u1ea5t k\u1ef7 lu\u1eadt \u1edf nh\u1eefng chuy\u1ec7n l\u1edbn.\u201d *** Warren nh\u1eadn th\u1ea5y ng\u01a3\u1eddi ta th\u01a3\u1eddng t\u1ea1o ngo\u1ea1i l\u1ec7 cho c\u00e1c chi\u1ebfn l\u01a3\u1ee3c \u0111\u1ea7u t\u01a3 khi h\u1ecd th\u1ef1c hi\u1ec7n c\u00e1c v\u1ee5 \u0111\u1ea7u t\u01a3 nh\u1ecf, v\u00e0 th\u00e1i \u0111\u1ed9 n\u00e0y th\u01a3\u1eddng s\u1ebd d\u1eabn \u0111\u1ebfn vi\u1ec7c x\u00f3a d\u1ea7n t\u00ednh k\u1ef7 lu\u1eadt \u0111\u00e3 \u0111\u1ec1 ra. K\u1ef7 lu\u1eadt l\u00e0 chi\u1ebfc ch\u00eca kh\u00f3a th\u00e0nh c\u00f4ng trong tr\u00f2 ch\u01a1i \u0111\u1ea7u t\u01a3 - m\u00e0 c\u0169ng l\u00e0 ch\u00eca kh\u00f3a th\u00e0nh c\u00f4ng cho r\u1ea5t nhi\u1ec1u th\u1ee9 trong cu\u1ed9c s\u1ed1ng. Warren tin t\u01a3\u1edfng ho\u00e0n to\u00e0n v\u00e0o k\u1ef7 lu\u1eadt \u0111\u1ebfn m\u1ee9c \u00f4ng kh\u00f4ng ch\u1ea5p nh\u1eadn b\u1ecf ra ch\u1ec9 c\u00f3 2 \u0111\u00f4la c\u00e1 \u0111\u1ed9 tr\u1eadn golf v\u00ec \u00f4ng nh\u1eadn th\u1ea5y m\u00ecnh kh\u00f4ng c\u00f3 nhi\u1ec1u kh\u1ea3 n\u0103ng th\u1eafng cu\u1ed9c. \u00d4ng th\u1eeba nh\u1eadn m\u1ed9t c\u00e1ch tho\u1ea3i m\u00e1i r\u1eb1ng tr\u00ean s\u00e2n golf \u00f4ng kh\u00f4ng c\u00f3 nhi\u1ec1u c\u01a1 may. Trong th\u1ebf gi\u1edbi c\u1ee7a Warren, k\u1ec3 c\u1ea3 nh\u1eefng vi\u1ec7c nh\u1ecf c\u0169ng r\u1ea5t quan tr\u1ecdng.","L\u1eddi s\u1ed1 70 \u201cKh\u00f4ng g\u00ec b\u1eb1ng vi\u1ebft l\u00e1ch \u0111\u1ec3 bu\u1ed9c b\u1ea1n ph\u1ea3i suy ngh\u0129 v\u00e0 di\u1ec5n \u0111\u1ea1t \u00fd t\u01a3\u1edfng c\u1ee7a m\u00ecnh m\u1ed9t c\u00e1ch m\u1ea1ch l\u1ea1c.\u201d *** N\u1ebfu b\u1ea1n kh\u00f4ng th\u1ec3 vi\u1ebft v\u1ec1 m\u1ed9t \u0111\u1ec1 t\u00e0i n\u00e0o \u0111\u00f3, ngh\u0129a l\u00e0 b\u1ea1n ch\u01a3a th\u1eadt s\u1ef1 suy ngh\u0129 v\u1ec1 n\u00f3. \u0110\u00f3 l\u00e0 l\u00fd do v\u00ec sao m\u1ed7i n\u0103m Warren \u0111\u1ec1u ng\u1ed3i xu\u1ed1ng v\u00e0 vi\u1ebft m\u1ed9t l\u00e1 th\u01a3 d\u00e0i cho c\u00e1c c\u1ed5 \u0111\u00f4ng gi\u1ea3i th\u00edch v\u1ec1 nh\u1eefng s\u1ef1 ki\u1ec7n \u0111\u00e3 qua trong n\u0103m. B\u00e0i t\u1eadp n\u00e0y gi\u00fap \u00f4ng r\u1ea5t nhi\u1ec1u trong vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh suy ngh\u0129 c\u1ee7a m\u00ecnh v\u1ec1 c\u00e1ch l\u00e0m gi\u00e0u ti\u1ec1n t\u1ec9. Vi\u1ebft v\u1ec1 m\u1ed9t v\u1ea5n \u0111\u1ec1 bu\u1ed9c b\u1ea1n ph\u1ea3i suy ngh\u0129 v\u1ec1 n\u00f3; v\u00e0 ngh\u0129 v\u1ec1 nh\u1eefng n\u01a1i s\u1ebd \u0111\u1ea7u t\u01a3 l\u00e0 m\u1ed9t vi\u1ec7c t\u1ed1t, v\u00ec v\u1eady vi\u1ebft v\u1ec1 n\u00f3 s\u1ebd c\u00f2n t\u1ed1t h\u01a1n n\u1eefa. Warren th\u01a3\u1eddng b\u1eaft \u0111\u1ea7u vi\u1ebft b\u1ea3n b\u00e1o c\u00e1o th\u01a3\u1eddng ni\u00ean ngay sau ng\u00e0y \u0111\u1ea7u n\u0103m trong ng\u00f4i nh\u00e0 ngh\u1ec9 \u0111\u00f4ng, g\u1ea7n b\u1edd bi\u1ec3n, t\u1ea1i Laguna Beach (ch\u1ec9 c\u00e1ch ng\u00f4i nh\u00e0 c\u0169 c\u1ee7a Benjamin Graham kh\u00f4ng xa m\u1ea5y). \u00d4ng vi\u1ebft b\u1eb1ng b\u00fat v\u00e0 m\u1ef1c tr\u00ean gi\u1ea5y, sau \u0111\u00f3 g\u1eedi \u0111i cho ng\u01a3\u1eddi b\u1ea1n Carol Loomis, m\u1ed9t ng\u01a3\u1eddi vi\u1ebft b\u00e0i th\u01a3\u1eddng xuy\u00ean cho t\u1ea1p ch\u00ed Fortune. Ngay c\u1ea3 m\u1ed9t thi\u00ean t\u00e0i c\u0169ng c\u1ea7n \u0111\u1ebfn s\u1ef1 gi\u00fap \u0111\u1ee1 c\u1ee7a ng\u01a3\u1eddi chuy\u00ean vi\u1ebft b\u00e0i.","L\u1eddi s\u1ed1 71 \u201cNg\u01a3\u1eddi ta c\u00e0ng b\u1ea5t c\u1ea9n trong c\u00f4ng vi\u1ec7c c\u1ee7a h\u1ecd th\u00ec m\u00ecnh c\u00e0ng ph\u1ea3i c\u1ea9n tr\u1ecdng trong c\u00f4ng vi\u1ec7c c\u1ee7a m\u00ecnh.\u201d *** C\u00e2u n\u00e0y mu\u1ed1n n\u00f3i \u0111\u1ebfn th\u1ecb tr\u01a3\u1eddng l\u00fac t\u0103ng m\u1ea1nh v\u00e0 nh\u1eefng m\u1ee9c gi\u00e1 cao gi\u1ea3 t\u1ea1o do n\u00f3 t\u1ea1o ra. Trong tr\u01a3\u1eddng h\u1ee3p n\u00e0y, nh\u1eefng ng\u01a3\u1eddi \u0111\u1ea7u t\u01a3 th\u01a3\u1eddng t\u1ecf ra l\u01a1 l\u00e0 v\u1ec1 m\u1ee9c gi\u00e1 h\u1ecd ch\u1ea5p nh\u1eadn chi tr\u1ea3 - ngh\u0129a l\u00e0 ng\u01a3\u1eddi ta s\u1eb5n s\u00e0ng mua v\u1edbi b\u1ea5t c\u1ee9 gi\u00e1 n\u00e0o. G\u1eb7p th\u1ecb tr\u01a3\u1eddng \u0111ang l\u00ean gi\u00e1, Warren t\u1ecf ra c\u1ea9n tr\u1ecdng khi mua v\u00e0o. Nh\u01a3 v\u1eady \u00f4ng kh\u00f4ng b\u1ecb cu\u1ed1n v\u00e0o nh\u1eefng h\u00e0o h\u1ee9ng c\u1ee7a th\u1ecb tr\u01a3\u1eddng v\u00e0 tr\u1ea3 gi\u00e1 cao kh\u00f4ng t\u01a3\u1edfng so v\u1edbi c\u01a1 c\u1ea5u kinh t\u1ebf d\u00e0i h\u1ea1n c\u1ee7a c\u00f4ng ty. T\u00ednh c\u1ea9n tr\u1ecdng trong c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01a3 c\u00f3 th\u1ec3 gi\u00fap b\u1ea1n tr\u00e1nh nh\u1eefng h\u00e0nh \u0111\u1ed9ng \u0111i\u00ean r\u1ed3 v\u00e0 gi\u00fap b\u1ea1n l\u00e0m gi\u00e0u. S\u1ef1 b\u1ea5t c\u1ea9n khi \u0111\u01a3a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01a3 \u0111\u01a3a b\u1ea1n \u0111\u1ebfn nh\u1eefng h\u00e0nh \u0111\u1ed9ng \u0111i\u00ean r\u1ed3 v\u00e0 \u0111\u1ebfn ng\u01a3\u1ee1ng c\u1eeda c\u1ee7a s\u1ef1 ngh\u00e8o kh\u1ed5. V\u00e0 kh\u00f4ng ai c\u00f3 th\u1ec3 l\u00e0m gi\u00e0u b\u1eb1ng nh\u1eefng h\u00e0nh \u0111\u1ed9ng \u0111\u01a3a m\u00ecnh \u0111\u1ebfn ng\u01a3\u1ee1ng ngh\u00e8o \u0111\u00f3i.","L\u1eddi s\u1ed1 72 \u201cT\u00f4i kh\u00f4ng bao gi\u1edd vung g\u1eady khi qu\u1ea3 b\u00f3ng c\u00f2n n\u1eb1m trong tay ng\u01a3\u1eddi n\u00e9m.\u201d *** Warren t\u1eeb l\u00e2u \u0111\u00e3 l\u00e0 m\u1ed9t h\u1ecdc tr\u00f2 v\u00e0 m\u1ed9t ng\u01a3\u1eddi h\u00e2m m\u1ed9 m\u00f4n b\u00f3ng ch\u00e0y, v\u00e0 \u00f4ng \u0111\u00e3 r\u00fat t\u1ec9a m\u1ed9t th\u00e0nh ph\u1ea7n nguy\u00ean li\u1ec7u quan tr\u1ecdng cho chi\u1ebfn l\u01a3\u1ee3c \u0111\u1ea7u t\u01a3 c\u1ee7a m\u00ecnh t\u1eeb m\u1ed9t quy\u1ec3n s\u00e1ch c\u1ee7a si\u00eau sao \u0111\u00e1nh b\u00f3ng Ted Williams c\u00f3 t\u00ean l\u00e0 The Science of Hitting. Ted cho r\u1eb1ng \u0111\u1ec3 tr\u1edf th\u00e0nh m\u1ed9t ng\u01a3\u1eddi \u0111\u00e1nh b\u00f3ng gi\u1ecfi b\u1ea1n ph\u1ea3i ng\u0103n kh\u00f4ng cho m\u00ecnh vung g\u1eady v\u00e0o nh\u1eefng c\u00fa n\u00e9m b\u00f3ng t\u1ed3i - b\u1ea1n ph\u1ea3i t\u00ecm ki\u1ebfm ng\u01a3\u1eddi n\u00e9m b\u00f3ng ho\u00e0n h\u1ea3o. Warren xem \u0111\u00e2y l\u00e0 m\u1ed9t c\u00e1ch n\u00f3i \u1ea9n d\u1ee5 trong \u0111\u1ea7u t\u01a3: \u0110\u1ec3 tr\u1edf th\u00e0nh nh\u00e0 \u0111\u1ea7u t\u01a3 v\u0129 \u0111\u1ea1i \u00f4ng ph\u1ea3i bi\u1ebft ch\u1edd \u0111\u1ee3i \u0111\u1ebfn \u0111\u00fang c\u01a1 h\u1ed9i. \u00d4ng c\u0169ng nh\u1eadn th\u1ea5y r\u1eb1ng trong \u0111\u1ea7u t\u01a3, kh\u00e1c v\u1edbi Ted ch\u1ec9 \u0111\u01a3\u1ee3c quy\u1ec1n \u0111\u00e1nh b\u00f3ng t\u1ed1t ba l\u1ea7n, \u00f4ng c\u00f3 th\u1ec3 ng\u1ed3i nh\u00ecn v\u00e0o b\u00e0n \u0103n su\u1ed1t c\u1ea3 ng\u00e0y \u0111\u1ec3 ch\u1edd \u0111\u1ee3i cho \u0111\u1ebfn khi c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01a3 ho\u00e0n h\u1ea3o xu\u1ea5t hi\u1ec7n. V\u00ec v\u1eady, Warren kh\u00f4ng bao gi\u1edd mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t c\u00f4ng ty n\u1ebfu nh\u01a3 \u00f4ng ch\u01a3a th\u1ec3 \u0111\u00e1nh gi\u00e1 \u0111\u01a3\u1ee3c ti\u1ec1m n\u0103ng ho\u1ea1t \u0111\u1ed9ng trong t\u01a3\u01a1ng lai c\u1ee7a n\u00f3. \u00d4ng kh\u00f4ng ph\u1ea3i l\u00e0 d\u1ea1ng ng\u01a3\u1eddi nh\u00fang tay x\u00e2y d\u1ef1ng ngay t\u1eeb \u0111\u1ea7u. \u00d4ng th\u00edch nh\u1eefng c\u00f4ng ty v\u0129 \u0111\u1ea1i c\u00f3 t\u01a3\u01a1ng lai d\u1ef1 \u0111o\u00e1n r\u00f5 r\u00e0ng nh\u01a3ng \u0111\u01a3\u1ee3c b\u00e1n v\u1edbi gi\u00e1 h\u1eddi v\u00ec m\u1ed9t sai l\u1ea7m c\u00f3 th\u1ec3 s\u1eeda ch\u1eefa \u0111\u01a3\u1ee3c c\u1ee7a b\u1ed9 m\u00e1y qu\u1ea3n l\u00fd hay v\u00ec s\u1ef1 suy tho\u00e1i c\u1ee7a c\u1ea3 ng\u00e0nh h\u00e0ng, hay v\u00ec th\u1ecb tr\u01a3\u1eddng \u0111ang \u0111i xu\u1ed1ng. \u0110\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng l\u00fd do gi\u1ea3i th\u00edch v\u00ec sao \u00f4ng tr\u00e1nh xa nh\u1eefng c\u00f4ng ty kh\u00f4ng c\u00f3 l\u1ecbch s\u1eed doanh thu. Qu\u1ea3 b\u00f3ng l\u00fac n\u00e0y v\u1eabn c\u00f2n n\u1eb1m trong tay ng\u01a3\u1eddi n\u00e9m. \u00d4ng cho r\u1eb1ng n\u1ebfu b\u1ea1n mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t c\u00f4ng ty ch\u01a3a ki\u1ebfm ra \u0111\u01a3\u1ee3c \u0111\u1ed3ng xu n\u00e0o, b\u1ea1n ch\u1ec9 \u0111\u01a1n thu\u1ea7n mua hy v\u1ecdng r\u1eb1ng n\u00f3 s\u1ebd l\u00e0m ra ti\u1ec1n trong t\u01a3\u01a1ng lai, r\u1eb1ng b\u1ea1n ch\u1ec9 mua m\u1ed9t d\u00f2ng thu nh\u1eadp t\u01a3\u01a1ng lai c\u00f3 th\u1ec3 s\u1ebd ch\u1eb3ng bao gi\u1edd x\u1ea3y ra. D\u00f2ng thu nh\u1eadp trong t\u01a3\u01a1ng lai c\u00f3 th\u1ec3 kh\u00f4ng x\u1ea3y ra l\u00e0 m\u1ed9t v\u1ea5n \u0111\u1ec1 \u0111\u00e3, \u0111ang, v\u00e0 s\u1ebd kh\u00f4ng bao gi\u1edd \u0111\u1ecbnh gi\u00e1 \u0111\u01a3\u1ee3c. N\u1ebfu chi\u1ebfn l\u01a3\u1ee3c \u0111\u1ea7u t\u01a3 c\u1ee7a b\u1ea1n d\u1ef1a tr\u00ean hy v\u1ecdng v\u1ec1 doanh thu trong t\u01a3\u01a1ng lai, b\u1ea1n c\u00f3 nhi\u1ec1u kh\u1ea3 n\u0103ng \u0111ang vung g\u1eady \u0111\u00e1nh v\u00e0o m\u1ed9t n\u00fai r\u1eafc r\u1ed1i.","L\u1eddi s\u1ed1 73 \u201cTh\u1eed t\u01a3\u1edfng t\u01a3\u1ee3ng b\u1ea1n c\u00f3 m\u1ed9t chi\u1ebfc xe h\u01a1i, v\u00e0 \u0111\u00e2y l\u00e0 chi\u1ebfc xe h\u01a1i s\u1ebd theo b\u1ea1n su\u1ed1t c\u1ea3 \u0111\u1eddi. D\u0129 nhi\u00ean, b\u1ea1n s\u1ebd ch\u0103m s\u00f3c n\u00f3 r\u1ea5t c\u1ea9n th\u1eadn, thay d\u1ea7u th\u01a3\u1eddng xuy\u00ean h\u01a1n m\u1ee9c c\u1ea7n thi\u1ebft, l\u00e1i xe c\u0169ng c\u1ea9n th\u1eadn h\u01a1n, v.v... B\u00e2y gi\u1edd th\u1eed ngh\u0129 \u0111\u1ebfn vi\u1ec7c b\u1ea1n ch\u1ec9 c\u00f3 m\u1ed9t b\u1ed9 \u00f3c v\u00e0 m\u1ed9t c\u01a1 th\u1ec3. H\u00e3y chu\u1ea9n b\u1ecb cho c\u1ea3 \u0111\u1eddi, h\u00e3y ch\u0103m s\u00f3c ch\u00fang. B\u1ea1n c\u00f3 th\u1ec3 ph\u00e1t tri\u1ec3n tr\u00ed \u00f3c theo th\u1eddi gian. T\u00e0i s\u1ea3n ch\u00ednh y\u1ebfu c\u1ee7a con ng\u01a3\u1eddi ch\u00ednh l\u00e0 b\u1ea3n th\u00e2n h\u1ecd, v\u00ec v\u1eady h\u00e3y gi\u1eef g\u00ecn v\u00e0 ph\u00e1t tri\u1ec3n b\u1ea3n th\u00e2n.\u201d *** Warren xem tr\u00ed \u00f3c v\u00e0 c\u01a1 th\u1ec3 con ng\u01a3\u1eddi nh\u01a3 l\u00e0 m\u1ed9t t\u00e0i s\u1ea3n trong kinh doanh - l\u00e0 c\u00f4ng ty c\u1ee7a b\u1ea1n, t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n. B\u1ea1n c\u00f3 th\u1ec3 ti\u00eau x\u00e0i cu\u1ed9c \u0111\u1eddi m\u00ecnh b\u1eb1ng c\u00e1ch b\u00e1n d\u1ecbch v\u1ee5 tr\u1ef1c ti\u1ebfp cho c\u00f4ng ch\u00fang, hay b\u1ea1n c\u00f3 th\u1ec3 b\u00e1n gi\u00e1n ti\u1ebfp th\u00f4ng qua m\u1ed9t c\u00f4ng ty ph\u1ee5c v\u1ee5 c\u00f4ng ch\u00fang. Nh\u01a3ng r\u00f5 r\u00e0ng b\u1ea1n l\u00e0 m\u1ed9t th\u1ef1c th\u1ec3 c\u00f3 kh\u1ea3 n\u0103ng ki\u1ebfm ra r\u1ea5t nhi\u1ec1u ti\u1ec1n. N\u1ebfu b\u1ea1n s\u1edf h\u1eefu m\u1ed9t c\u00f4ng ty c\u00f3 nhi\u1ec1u ti\u1ec1m n\u0103ng s\u1ebd mang l\u1ea1i s\u1ed1 ti\u1ec1n c\u1ef1c k\u1ef3 l\u1edbn, b\u1ea1n ch\u1eafc s\u1ebd ch\u0103m s\u00f3c n\u00f3 c\u1ea9n th\u1eadn, nu\u00f4i d\u01a3\u1ee1ng n\u00f3 v\u00e0 x\u00e2y d\u1ef1ng n\u00f3 th\u00e0nh m\u1ed9t c\u00f4ng ty gi\u1ecfi nh\u1ea5t tr\u00ean th\u1ebf gi\u1edbi. B\u1ea1n c\u0169ng n\u00ean \u0111\u1ed1i x\u1eed t\u01a3\u01a1ng t\u1ef1 v\u1edbi c\u01a1 th\u1ec3 v\u00e0 tr\u00ed \u00f3c c\u1ee7a m\u00ecnh. Ch\u00fang l\u00e0 c\u00f4ng ty c\u1ee7a b\u1ea1n, t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n. B\u1ea1n c\u00f3 th\u1ec3 ch\u0103m s\u00f3c ch\u00fang v\u00e0 l\u00e0m cho ch\u00fang v\u1eefng m\u1ea1nh b\u1eb1ng c\u00e1ch h\u1ecdc t\u1eadp \u0111\u1ea7y \u0111\u1ee7 \u0111\u1ec3 c\u00f3 th\u1ec3 t\u1ed1i \u01a3u h\u00f3a ti\u1ec1m l\u1ef1c ki\u1ebfm ti\u1ec1n c\u1ef1c l\u1edbn c\u1ee7a b\u1ea1n, ho\u1eb7c b\u1ea1n c\u00f3 th\u1ec3 ph\u00ed ph\u1ea1m t\u00e0i s\u1ea3n v\u00e0 v\u1ee9t \u0111i m\u1ecdi ti\u1ec1m n\u0103ng b\u1ea1n c\u00f3. Ch\u1ecdn l\u1ef1a c\u00e1ch n\u00e0o l\u00e0 t\u00f9y thu\u1ed9c \u1edf b\u1ea1n.","L\u1eddi s\u1ed1 74 \u201cT\u00f4i mua nh\u1eefng b\u1ed9 qu\u1ea7n \u00e1o r\u1ea5t \u0111\u1eaft ti\u1ec1n, nh\u01a3ng ch\u00fang tr\u00f4ng v\u1eabn c\u1ee9 r\u1ebb ti\u1ec1n khi t\u00f4i m\u1eb7c v\u00e0o.\u201d *** T\u00ednh c\u00e1ch c\u1ee7a con ng\u01a3\u1eddi th\u01a3\u1eddng t\u1ecfa s\u00e1ng kh\u00f4ng l\u1ec7 thu\u1ed9c v\u00e0o ch\u1ea5t l\u01a3\u1ee3ng c\u1ee7a b\u1ed9 qu\u1ea7n \u00e1o b\u00ean ngo\u00e0i. Warren l\u00e0 ng\u01a3\u1eddi x\u00e0i \u0111\u1ed3 r\u1ebb ti\u1ec1n, tr\u01a3\u1edbc nay v\u1eabn th\u1ebf, v\u00e0 c\u00f3 th\u1ec3 c\u1ea3 sau n\u00e0y c\u0169ng v\u1eady. \u00d4ng x\u00e0i \u0111\u1ed3 r\u1ebb ti\u1ec1n v\u00ec \u00f4ng hi\u1ec3u gi\u00e1 tr\u1ecb t\u01a3\u01a1ng lai c\u1ee7a m\u1ed9t m\u00f3n ti\u1ec1n v\u1edbi l\u00e3i g\u1ed9p. Trong nh\u1eefng ng\u00e0y m\u1edbi l\u00e0m nh\u00e0 qu\u1ea3n l\u00fd ti\u1ec1n t\u1ec7, v\u00e0 c\u1ea3 trong nh\u1eefng n\u0103m sau khi \u00f4ng \u0111\u00e3 ki\u1ebfm b\u1ea1c tri\u1ec7u, \u00f4ng v\u1eabn n\u1ed5i ti\u1ebfng l\u00e0 ng\u01a3\u1eddi l\u00e1i chi\u1ebfc Volkswagen Beetle c\u0169 k\u1ef9 d\u1ea1o quanh Omaha. V\u1edbi l\u00e3i g\u1ed9p \u1edf m\u1ee9c 20% m\u1ed9t n\u0103m, s\u1ed1 ti\u1ec1n 25.000 \u0111\u00f4la c\u00f3 th\u1ec3 bi\u1ebfn th\u00e0nh 958.439 \u0111\u00f4la sau 20 n\u0103m, v\u00e0 \u0111\u1ed1i v\u1edbi Warren \u0111\u00e2y l\u00e0 con s\u1ed1 qu\u00e1 l\u1edbn \u0111\u1ec3 chi cho m\u1ed9t chi\u1ebfc xe h\u01a1i. C\u00f2n \u0111\u1ed1i v\u1edbi nh\u1eefng b\u1ed9 qu\u1ea7n \u00e1o \u0111\u1eaft ti\u1ec1n th\u00ec \u00f4ng kh\u00f4ng ch\u1ecbu chi ti\u1ec1n mua m\u00e3i sau khi \u00f4ng \u0111\u00e3 qu\u00e1 l\u1ee5c tu\u1ea7n, v\u00e0 l\u00fac \u0111\u00f3 gi\u00e1 tr\u1ecb t\u01a3\u01a1ng lai c\u1ee7a ch\u00fang kh\u00f4ng c\u00f2n qu\u00e1 l\u1edbn \u0111\u1ebfn m\u1ee9c \u00f4ng ph\u1ea3i tr\u1eb1n tr\u1ecdc h\u1eb1ng \u0111\u00eam.","L\u1eddi s\u1ed1 75 \u201cKhi t\u00ecm nh\u1eefng c\u00f4ng ty \u0111\u1ec3 mua l\u1ea1i, ch\u00fang ta n\u00ean \u00e1p d\u1ee5ng c\u00f9ng m\u1ed9t th\u00e1i \u0111\u1ed9 nh\u01a3 khi ch\u00fang ta \u0111i t\u00ecm b\u1ea1n \u0111\u1eddi: c\u1ea7n ph\u1ea3i t\u00edch c\u1ef1c, ch\u0103m ch\u00fa, v\u00e0 ph\u00f3ng kho\u00e1ng, nh\u01a3ng kh\u00f4ng \u0111\u01a3\u1ee3c v\u1ed9i v\u00e3.\u201d *** \u0110i t\u00ecm m\u1ed9t th\u1ee9 b\u1ea1n kh\u00f4ng bao gi\u1edd th\u1ea5y s\u1ebd kh\u00e1c v\u1edbi \u0111i t\u00ecm m\u1ed9t th\u1ee9 b\u1ea1n bi\u1ebft nh\u1edd v\u00e0o nh\u1eefng tr\u1ea3i nghi\u1ec7m th\u1ec9nh tho\u1ea3ng v\u1eabn xu\u1ea5t hi\u1ec7n. \u0110\u00f3 l\u00e0 nh\u1eefng g\u00ec Warren \u0111i t\u00ecm - m\u1ed9t t\u00ecnh hu\u1ed1ng \u0111\u1ea7u t\u01a3 \u00f4ng bi\u1ebft ch\u1eafc s\u1ebd xu\u1ea5t hi\u1ec7n n\u1ebfu t\u00ecnh h\u00ecnh thu\u1eadn l\u1ee3i. Th\u1ebf n\u00e0o l\u00e0 t\u00ecnh h\u00ecnh thu\u1eadn l\u1ee3i? M\u1ed9t th\u1ecb tr\u01a3\u1eddng \u0111ang c\u00f3 chi\u1ec1u h\u01a3\u1edbng suy gi\u1ea3m, m\u1ed9t ng\u00e0nh c\u00f4ng nghi\u1ec7p suy tho\u00e1i, m\u1ed9t s\u1ef1 ki\u1ec7n \u0111\u1ed9t bi\u1ebfn kh\u00f4ng h\u1ee7y di\u1ec7t ho\u00e0n to\u00e0n m\u1ed9t th\u1ef1c th\u1ec3 kinh doanh v\u0129 \u0111\u1ea1i, m\u1ed9t v\u1ee5 b\u00e1n \u0111\u1ed5 b\u00e1n th\u00e1o - \u0111\u00e2y l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 t\u1ea1o n\u00ean nh\u1eefng t\u00ecnh hu\u1ed1ng \u0111\u00f4i khi khi\u1ebfn c\u1ed5 phi\u1ebfu c\u1ee7a nh\u1eefng c\u00f4ng ty v\u0129 \u0111\u1ea1i \u0111\u01a3\u1ee3c b\u00e1n v\u1edbi gi\u00e1 c\u1ef1c k\u1ef3 th\u1ea5p. \u0110i\u1ec1u duy nh\u1ea5t \u00f4ng ph\u1ea3i l\u00e0m l\u00e0 ki\u00ean nh\u1eabn v\u00e0 ch\u1edd \u0111\u1ee3i cho nh\u1eefng s\u1ef1 ki\u1ec7n n\u00e0y xu\u1ea5t hi\u1ec7n - kh\u00f4ng ph\u1ea3i h\u00e0ng ng\u00e0y, kh\u00f4ng ph\u1ea3i h\u00e0ng th\u00e1ng, v\u00e0 \u0111\u00f4i khi c\u0169ng kh\u00f4ng ph\u1ea3i h\u00e0ng n\u0103m, nh\u01a3ng \u0111\u1ee7 th\u01a3\u1eddng xuy\u00ean \u0111\u1ec3 gi\u00fap Warren tr\u1edf th\u00e0nh ng\u01a3\u1eddi gi\u00e0u th\u1ee9 hai tr\u00ean th\u1ebf gi\u1edbi.","C\u1ea8N TH\u1eacN V\u1edaI S\u1ef0 THAM LAM \u0110I\u00caN R\u1ed2 L\u1eddi s\u1ed1 76 \u201cKh\u00ed ch\u1ea5t ph\u00f9 h\u1ee3p c\u1ed9ng v\u1edbi n\u1ec1n t\u1ea3ng ki\u1ebfn th\u1ee9c ph\u00f9 h\u1ee3p \u0111em \u0111\u1ebfn cho b\u1ea1n h\u00e0nh vi ph\u00f9 h\u1ee3p.\u201d *** Warren v\u1eabn lu\u00f4n n\u00f3i r\u1eb1ng kh\u00ed ch\u1ea5t c\u1ea7n thi\u1ebft nh\u1ea5t \u0111\u1ec3 \u0111\u1ea7u t\u01a3 gi\u1ecfi l\u00e0 bi\u1ebft tham lam khi ng\u01a3\u1eddi kh\u00e1c s\u1ee3 h\u00e3i v\u00e0 s\u1ee3 h\u00e3i khi ng\u01a3\u1eddi kh\u00e1c tham lam. \u0110i\u1ec1u n\u00e0y c\u1ed9ng v\u1edbi m\u1ed9t tri\u1ebft l\u00fd \u0111\u1ea7u t\u01a3 d\u1ef1a tr\u00ean c\u00e1c c\u00f4ng ty c\u00f3 c\u01a1 c\u1ea5u kinh t\u1ebf ho\u00e0n h\u1ea3o trong d\u00e0i h\u1ea1n ch\u00ednh l\u00e0 b\u00ed m\u1eadt \u0111\u1ea7u t\u01a3 th\u00e0nh c\u00f4ng c\u1ee7a Warren. Mua c\u1ed5 phi\u1ebfu c\u00e1c c\u00f4ng ty v\u0129 \u0111\u1ea1i khi m\u1ecdi ng\u01a3\u1eddi \u0111\u1ec1u e s\u1ee3, v\u00e0 tr\u00e1nh xa ch\u00fang khi m\u1ecdi ng\u01a3\u1eddi tranh gi\u00e0nh. Kh\u00ed ch\u1ea5t ph\u00f9 h\u1ee3p s\u1ebd m\u00e1ch b\u1ea3o b\u1ea1n bi\u1ebft nh\u1ea5n n\u00fat l\u00fac n\u00e0o v\u00e0 \u1edf \u0111\u00e2u - b\u1ea1n thu gom khi ng\u01a3\u1eddi ta s\u1ee3 h\u00e3i v\u00e0 b\u00e1n \u0111\u1ed5 b\u00e1n th\u00e1o c\u1ed5 phi\u1ebfu, v\u00e0 b\u1ea1n kh\u00f4ng nh\u1ea5n n\u00fat khi m\u1ecdi ng\u01a3\u1eddi tr\u1edf n\u00ean tham lam v\u00e0 \u0111\u1ea5u gi\u00e1 c\u1ed5 phi\u1ebfu bay \u0111\u1ebfn t\u1eadn m\u1eb7t tr\u0103ng. Trong s\u1ef1 nghi\u1ec7p \u0111\u1ea7u t\u01a3 c\u1ee7a m\u00ecnh Warren \u0111\u00e3 t\u1eebng hai l\u1ea7n ng\u1eebng to\u00e0n b\u1ed9 c\u00e1c ho\u1ea1t \u0111\u1ed9ng mua c\u1ed5 phi\u1ebfu v\u00ec gi\u00e1 c\u1ee7a ch\u00fang \u0111\u00e3 leo thang l\u00ean qu\u00e1 cao. L\u1ea7n \u0111\u1ea7u ti\u00ean l\u00e0 v\u00e0o th\u1eddi \u0111\u1ec9nh \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01a3\u1eddng gi\u00e1 l\u00ean trong cu\u1ed1i th\u1eadp ni\u00ean 1960, v\u00e0 l\u1ea7n th\u1ee9 hai l\u00e0 \u0111\u1ec9nh \u0111i\u1ec3m gi\u00e1 l\u00ean trong cu\u1ed1i th\u1eadp ni\u00ean 1990. C\u1ea3 hai l\u1ea7n r\u00fat lui n\u00e0y \u0111\u00e3 gi\u00fap \u00f4ng kh\u00f4ng b\u1ecb t\u1ed5n th\u01a3\u01a1ng khi th\u1ecb tr\u01a3\u1eddng s\u1ee5p \u0111\u1ed5 sau \u0111\u00f3, v\u00e0 c\u1ea3 hai l\u1ea7n r\u00fat lui n\u00e0y \u0111\u00e3 \u0111\u1ec3 l\u1ea1i cho \u00f4ng r\u1ea5t nhi\u1ec1u ti\u1ec1n m\u1eb7t \u0111\u1ec3 t\u1eadn d\u1ee5ng gi\u00e1 c\u1ed5 phi\u1ebfu th\u1ea5p k\u00e9o theo sau \u0111\u00f3.","L\u1eddi s\u1ed1 77 \u201cNg\u01a3\u1eddi ta lu\u00f4n tham lam, s\u1ee3 h\u00e3i, v\u00e0 \u0111i\u00ean r\u1ed3; \u0111\u00e2y l\u00e0 m\u1ed9t \u0111i\u1ec1u c\u00f3 th\u1ec3 nh\u00ecn th\u1ea5y tr\u01a3\u1edbc. T\u00e1c h\u1ea1i c\u1ee7a n\u00f3 th\u00ec kh\u00f4ng th\u1ec3 th\u1ea5y h\u1ebft \u0111\u01a3\u1ee3c.\u201d *** Warren bi\u1ebft r\u1eb1ng \u0111\u00f4i khi nh\u00e0 \u0111\u1ea7u t\u01a3 t\u1ecf ra h\u1ebft s\u1ee9c h\u00e0o h\u1ee9ng v\u1edbi m\u1ed9t lo\u1ea1i c\u1ed5 phi\u1ebfu v\u00e0 n\u00e2ng gi\u00e1 n\u00f3 qu\u00e1 cao. \u00d4ng c\u0169ng bi\u1ebft \u0111\u00f4i khi ng\u01a3\u1eddi ta l\u1ea1i qu\u00e1 s\u1ee9c s\u1ee3 h\u00e3i v\u00e0 h\u1ea1 gi\u00e1 c\u1ed5 phi\u1ebfu tr\u1ea7m tr\u1ecdng. \u0110i\u1ec1u \u00f4ng kh\u00f4ng bi\u1ebft l\u00e0 khi n\u00e0o nh\u1eefng hi\u1ec7n t\u01a3\u1ee3ng n\u00e0y x\u1ea3y ra - ch\u1ec9 bi\u1ebft l\u00e0 n\u00f3 s\u1ebd x\u1ea3y ra - v\u00e0 khi n\u00f3 x\u1ea3y ra, \u00f4ng lu\u00f4n \u0111\u1ee9ng s\u1eb5n \u1edf \u0111\u00f3 \u0111\u1ec3 t\u1eadn d\u1ee5ng m\u1ee9c gi\u00e1 r\u1ebb do s\u1ef1 s\u1ee3 h\u00e3i v\u00e0 \u0111i\u00ean r\u1ed3 g\u00e2y ra. Tr\u00e1nh s\u1ef1 tham lam v\u00e0 ch\u1edd \u0111\u1ee3i s\u1ef1 s\u1ee3 h\u00e3i v\u00e0 \u0111i\u00ean r\u1ed3 t\u1ea1o ra c\u01a1 h\u1ed9i. \u0110\u00e2y l\u00e0 c\u00e1ch l\u00e0m vi\u1ec7c c\u1ee7a m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01a3 th\u00f4ng minh. M\u1ed9t v\u00ed d\u1ee5 tuy\u1ec7t v\u1eddi minh h\u1ecda cho \u0111i\u1ec1u n\u00e0y l\u00e0 khi Warren mua c\u1ed5 phi\u1ebfu c\u1ee7a Wells Fargo ngay l\u00fac kh\u1ee7ng ho\u1ea3ng ng\u00e2n h\u00e0ng n\u0103m 1990. Kh\u00f4ng ai mu\u1ed1n mua c\u1ed5 phi\u1ebfu ng\u00e2n h\u00e0ng l\u00fac \u0111\u00f3 v\u00ec ng\u01a3\u1eddi ta s\u1ee3 s\u1ed1 n\u1ee3 kh\u00f4ng thu h\u1ed3i \u0111\u01a3\u1ee3c khi cho vay b\u1ea5t \u0111\u1ed9ng s\u1ea3n s\u1ebd l\u00e0m c\u00e1c ng\u00e2n h\u00e0ng v\u1ee1 n\u1ee3. Warren ch\u1ecdn m\u1ed9t ng\u00e2n h\u00e0ng m\u00e0 \u00f4ng c\u1ea3m th\u1ea5y c\u00f3 b\u1ed9 m\u00e1y qu\u1ea3n l\u00fd t\u1ed1t nh\u1ea5t v\u00e0 \u0111\u1ee7 m\u1ea1nh \u0111\u1ec3 ch\u1ed1ng \u0111\u1ee1 c\u01a1n b\u00e3o t\u00e0i ch\u00ednh \u0111ang v\u00e2y quanh. \u00d4ng \u0111\u1ea7u t\u01a3 kho\u1ea3ng 289 tri\u1ec7u \u0111\u00f4la v\u00e0o Wells Fargo, v\u00e0 trong v\u00f2ng 8 n\u0103m con s\u1ed1 n\u00e0y \u0111\u00e3 t\u0103ng h\u01a1n g\u1ea5p \u0111\u00f4i.","L\u1eddi s\u1ed1 78 \u201cB\u1ea3n th\u00e2n c\u1ed5 phi\u1ebfu kh\u00f4ng bi\u1ebft b\u1ea1n \u0111ang s\u1edf h\u1eefu n\u00f3.\u201d *** Ng\u01a3\u1eddi ta hay nh\u00e2n c\u00e1ch h\u00f3a c\u00e1c v\u1eadt v\u00f4 tri, v\u00ed d\u1ee5 nh\u01a3 c\u00e1c con th\u00fa nh\u1ed3i b\u00f4ng, xe h\u01a1i hay c\u1ed5 phi\u1ebfu. Khi nh\u00e2n c\u00e1ch h\u00f3a c\u1ed5 phi\u1ebfu, t\u01a3 duy t\u00ecnh c\u1ea3m s\u1ebd l\u1ea5n \u00e1t t\u01a3 duy l\u00fd tr\u00ed. \u0110\u00e2y l\u00e0 m\u1ed9t \u0111i\u1ec1u kh\u00f4ng hay trong \u0111\u1ea7u t\u01a3. Khi \u0111\u1ebfn l\u00fac ph\u1ea3i b\u00e1n ra, b\u1ea1n kh\u00f4ng mu\u1ed1n ng\u1ed3i \u0111\u00f3 ch\u1ea7n ch\u1eeb ch\u1ec9 v\u00ec b\u1ea1n \u201cy\u00eau m\u1ebfn\u201d c\u1ed5 phi\u1ebfu n\u00e0y. Ngo\u00e0i ra, khi c\u1ed5 phi\u1ebfu xu\u1ed1ng gi\u00e1, kh\u00f4ng c\u00f3 l\u00fd do g\u00ec b\u1ea1n l\u1ea1i n\u1ed5i gi\u1eadn v\u1edbi n\u00f3 - n\u00f3 \u0111\u00e2u c\u00f3 bi\u1ebft b\u1ea1n \u0111ang s\u1edf h\u1eefu n\u00f3. N\u00f3 kh\u00f4ng c\u1ea3m nh\u1eadn \u0111\u01a3\u1ee3c s\u1ef1 ph\u1ea3n b\u1ed9i v\u00e0 b\u1ea1n c\u0169ng n\u00ean nh\u01a3 v\u1eady.","L\u1eddi s\u1ed1 79 \u201cK\u1ebft h\u1ee3p s\u1ef1 ngu d\u1ed1t v\u1edbi ti\u1ec1n \u0111i m\u01a3\u1ee3n th\u00ec h\u1eadu qu\u1ea3 c\u00f3 th\u1ec3 r\u1ea5t th\u00fa v\u1ecb.\u201d *** S\u1ef1 ngu d\u1ed1t c\u00f3 th\u1ec3 che m\u1eaft b\u1ea1n kh\u1ecfi s\u1ef1 \u0111i\u00ean r\u1ed3 - ti\u1ec1n \u0111i m\u01a3\u1ee3n s\u1ebd cho ph\u00e9p b\u1ea1n nh\u1eafm m\u1eaft \u0111i theo s\u1ef1 ngu d\u1ed1t c\u1ee7a m\u00ecnh \u0111\u1ebfn ng\u01a3\u1ee1ng c\u1eeda \u0111i\u00ean r\u1ed3. \u0110i\u00ean r\u1ed3 l\u00e0 khi b\u1ea1n m\u1ea5t h\u1ebft to\u00e0n b\u1ed9 s\u1ed1 ti\u1ec1n m\u00e0 b\u1ea1n \u0111\u00e3 vay c\u1ee7a ng\u00e2n h\u00e0ng. C\u00f2n ng\u00e2n h\u00e0ng th\u00ec kh\u00f4ng bao gi\u1edd qu\u00ean. Trong th\u1eddi \u0111\u1ea1i c\u1ee7a ch\u00fang ta c\u00f3 m\u1ed9t h\u00e0nh \u0111\u1ed9ng vay ti\u1ec1n \u0111i\u00ean r\u1ed3 nh\u1ea5t c\u1ee7a nh\u00f3m \u0111\u1ea7u t\u01a3, ch\u01a3a ai bi\u1ebft \u0111\u1ebfn, l\u00e0 Long-Term Capital; h\u1ecd \u0111\u00e3 vay \u0111\u01a3\u1ee3c 100 t\u1ec9 \u0111\u00f4la \u0111\u1ec3 \u0111\u1ea7u t\u01a3 v\u00e0o c\u1ed5 phi\u1ebfu ph\u00e1i sinh. V\u00e0 trong m\u1ed9t h\u00e0nh \u0111\u1ed9ng c\u1ef1c k\u1ef3 \u0111i\u00ean r\u1ed3 kh\u00f4ng th\u1ec3 l\u01a3\u1eddng tr\u01a3\u1edbc, h\u1ecd kh\u00f4ng ch\u1ec9 ti\u00eau t\u00e1n to\u00e0n b\u1ed9 s\u1ed1 v\u1ed1n c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01a3 m\u00e0 c\u00f2n g\u1ea7n nh\u01a3 l\u00e0m t\u00ea li\u1ec7t to\u00e0n b\u1ed9 h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh c\u1ee7a \u0111\u1ea5t n\u01a3\u1edbc. Khi s\u1eed d\u1ee5ng ti\u1ec1n vay m\u01a3\u1ee3n, nh\u1eefng g\u00ec c\u00f3 kh\u1ea3 n\u0103ng ti\u00eau tan th\u01a3\u1eddng s\u1ebd ti\u00eau tan. Khi \u0111\u00f3, c\u1ea3nh t\u01a3\u1ee3ng ch\u1eb3ng bao gi\u1edd \u0111\u1eb9p \u0111\u1ebd c\u1ea3.","L\u1eddi s\u1ed1 80 \u201cTrong b\u1ea3y tr\u1ecdng t\u1ed9i, t\u1ed9i \u0111\u1ed1 k\u1ef5 l\u00e0 ngu ng\u1ed1c nh\u1ea5t, v\u00ec n\u1ebfu b\u1ea1n \u0111\u1ed1 k\u1ef5, b\u1ea1n s\u1ebd kh\u00f4ng c\u1ea3m th\u1ea5y tho\u1ea3i m\u00e1i. B\u1ea1n c\u1ea3m th\u1ea5y r\u1ea5t t\u1ed3i t\u1ec7. T\u00f4i c\u0169ng \u0111\u00e3 t\u1eebng tr\u1ea3i qua nh\u1eefng l\u00fac tham \u0103n h\u00e1u u\u1ed1ng... ch\u00fang ta s\u1ebd kh\u00f4ng b\u00e0n \u0111\u1ebfn t\u1ed9i d\u00e2m \u00f4.\u201d *** Tham lam l\u00e0 m\u1ed9t \u0111i\u1ec1u tuy\u1ec7t v\u1eddi n\u1ebfu n\u00f3 ph\u1ee5c v\u1ee5 cho b\u1ea1n ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 \u00f4ng ch\u1ee7 c\u1ee7a b\u1ea1n. B\u1ea1n kh\u00f4ng th\u1ec3 l\u00e0m gi\u00e0u n\u1ebfu kh\u00f4ng c\u00f3 m\u1ed9t ch\u00fat tham lam, v\u00e0 b\u1ea1n kh\u00f4ng th\u1ec3 h\u1ea1nh ph\u00fac n\u1ebfu b\u1ea1n qu\u00e1 tham lam. Tham lam nhi\u1ec1u d\u1eabn \u0111\u1ebfn ganh gh\u00e9t, v\u00e0 ganh gh\u00e9t l\u00e0 m\u1ed9t con \u0111\u01a3\u1eddng c\u1ee7a c\u1ea3m gi\u00e1c kh\u00f4ng bao gi\u1edd th\u1ea5y \u0111\u1ee7. V\u1ea5n \u0111\u1ec1 \u1edf \u0111\u00e2y l\u00e0 ph\u1ea3i c\u00f3 ch\u00fat \u0111am m\u00ea ti\u1ec1n b\u1ea1c, ch\u1ee9 kh\u00f4ng b\u1ecb \u00e1m \u1ea3nh ganh gh\u00e9t v\u1edbi s\u1ed1 ti\u1ec1n c\u1ee7a ng\u01a3\u1eddi kh\u00e1c c\u1ea5t gi\u1eef trong con heo \u0111\u1ea5t c\u1ee7a h\u1ecd. Nh\u1eefng ng\u01a3\u1eddi gi\u00e0u c\u00f3 h\u1ea1nh ph\u00fac nh\u1ea5t l\u00e0 nh\u1eefng ng\u01a3\u1eddi y\u00eau th\u00edch cu\u1ed9c \u0111\u1eddi kinh doanh \u0111i li\u1ec1n v\u1edbi l\u00e0m ra ti\u1ec1n v\u00e0 kh\u00f4ng quan t\u00e2m \u0111\u1ebfn t\u00e0i s\u1ea3n c\u1ee7a ng\u01a3\u1eddi kh\u00e1c. Th\u00eam n\u1eefa, l\u00e0m gi\u00e0u c\u00f2n g\u00ec vui n\u1ebfu gi\u00e0u c\u00f3 \u0111\u1ed3ng ngh\u0129a v\u1edbi \u0111au kh\u1ed5 v\u00ec ganh gh\u00e9t? C\u00f2n n\u00f3i \u0111\u1ebfn ham \u0103n h\u00e1u u\u1ed1ng, th\u00ec m\u00f3n \u0103n th\u01a3\u1eddng xuy\u00ean \u0111\u1ea7y th\u00edch th\u00fa c\u1ee7a Warren l\u00e0 Coca v\u1edbi hamburger, nh\u1eefng mi\u1ebfng th\u1ecbt b\u00f2 d\u00e0y v\u00e0 khoai t\u00e2y chi\u00ean \u0111\u1ea7y \u1eafp, th\u00f3i quen \u0103n u\u1ed1ng t\u1eeb sau m\u1ed9t b\u1eefa ti\u1ec7c sinh nh\u1eadt h\u1ed3i c\u00f2n nh\u1ecf. Kh\u1ea9u ph\u1ea7n \u0103n n\u00e0y khi\u1ebfn nh\u1eefng c\u1ed5 \u0111\u00f4ng c\u1ee7a Berkshire lo l\u1eafng cho s\u1ee9c kh\u1ecfe c\u1ee7a Warren, v\u00ec h\u1ecd c\u00f2n mu\u1ed1n h\u01a3\u1edfng l\u1ee3i t\u1eeb s\u1ef1 kh\u00f4n ngoan c\u1ee7a v\u1ecb ch\u1ee7 t\u1ecbch c\u00e0ng l\u00e2u c\u00e0ng t\u1ed1t. Warren, m\u1ed9t ng\u01a3\u1eddi lu\u00f4n suy ngh\u0129 l\u00fd tr\u00ed, cho r\u1eb1ng vi\u1ec7c t\u0103ng th\u00eam m\u1ed9t v\u00e0i tu\u1ed5i th\u1ecd nh\u1edd chuy\u1ec3n sang m\u1ed9t ch\u1ebf \u0111\u1ed9 \u0103n kh\u1ecfe m\u1ea1nh h\u01a1n th\u1eadt kh\u00f4ng \u0111\u00e1ng v\u1edbi vi\u1ec7c gi\u1ea3m \u0111i th\u1ecfa m\u00e3n khi ph\u1ea3i b\u1edbt \u0103n c\u00e1c m\u00f3n y\u00eau th\u00edch n\u00e0y. Mark Twain (nh\u00e0 v\u0103n M\u1ef9, n\u1ed5i ti\u1ebfng tr\u00ean th\u1ebf gi\u1edbi v\u1edbi nhi\u1ec1u t\u00e1c ph\u1ea9m nh\u01a3: Nh\u1eefng cu\u1ed9c phi\u00eau l\u01a3u c\u1ee7a Huckleberry Finn v\u00e0 Nh\u1eefng cu\u1ed9c phi\u00eau l\u01a3u c\u1ee7a Tom Sawyer) c\u0169ng \u0111\u1ed3ng t\u00ecnh v\u1edbi \u00fd ki\u1ebfn n\u00e0y trong l\u0129nh v\u1ef1c r\u01a3\u1ee3u bia v\u00e0 x\u00ec g\u00e0.","L\u1eddi s\u1ed1 81 \u201c\u0110\u01a1n gi\u1ea3n l\u00e0 ch\u00fang ta c\u1ed1 g\u1eafng ho\u1ea3ng s\u1ee3 khi m\u1ecdi ng\u01a3\u1eddi tham lam v\u00e0 tham lam khi ng\u01a3\u1eddi ta ho\u1ea3ng s\u1ee3.\u201d *** Nh\u1eafc l\u1ea1i l\u00e0 khi gi\u00e1 cao ng\u1ea5t tr\u1eddi ngh\u0129a l\u00e0 \u0111\u00e3 \u0111\u1ebfn l\u00fac n\u00f3i l\u1eddi t\u1ea1m bi\u1ec7t. Nh\u01a3ng khi gi\u00e1 gi\u1ea3m th\u00ec l\u00e0 l\u00fac n\u00ean nh\u1ea5c \u0111i\u1ec7n tho\u1ea1i g\u1ecdi cho ng\u01a3\u1eddi giao d\u1ecbch c\u1ee7a b\u1ea1n. Trong m\u1ed9t th\u1ecb tr\u01a3\u1eddng gi\u00e1 l\u00ean ng\u01a3\u1eddi ta tr\u1edf n\u00ean tham lam v\u00e0 \u0111\u1ea9y gi\u00e1 c\u1ed5 phi\u1ebfu ng\u00e0y c\u00e0ng cao m\u00e3i, thu h\u00fat th\u00eam nhi\u1ec1u ng\u01a3\u1eddi tham gia cu\u1ed9c ch\u01a1i. Nh\u1eefng l\u00fac nh\u01a3 th\u1ebf Warren e ng\u1ea1i v\u00e0 tr\u00e1nh xa kh\u1ecfi th\u1ecb tr\u01a3\u1eddng. Khi th\u1ecb tr\u01a3\u1eddng gi\u00e1 gi\u1ea3m th\u00ec c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01a3 kh\u00e1c ho\u1ea3ng s\u1ee3 v\u00ec kh\u00f4ng ai mu\u1ed1n mua c\u1ed5 phi\u1ebfu n\u1eefa. H\u1ecd b\u00e1n ra nh\u01a3 \u0111i\u00ean, kh\u00f4ng quan t\u00e2m \u0111\u1ebfn c\u01a1 c\u1ea5u kinh t\u1ebf d\u00e0i h\u1ea1n c\u1ee7a c\u00f4ng ty. Nh\u1eefng l\u00fac nh\u01a3 th\u1ebf n\u00e0y Warren xu\u1ea5t hi\u1ec7n tr\u00ean th\u1ecb tr\u01a3\u1eddng \u0111\u1ea7y tham lam, mua v\u00e0o t\u1ea5t c\u1ea3 nh\u1eefng c\u00f4ng ty tuy\u1ec7t v\u1eddi m\u00e0 \u00f4ng v\u1eabn ao \u01a3\u1edbc \u0111\u01a3\u1ee3c s\u1edf h\u1eefu. H\u00e3y ho\u1ea3ng s\u1ee3 khi ng\u01a3\u1eddi ta tham lam v\u00e0 tham lam khi ng\u01a3\u1eddi ta ho\u1ea3ng s\u1ee3.","TH\u1edcI \u0110I\u1ec2M B\u00c1N RA, TH\u1edcI \u0110I\u1ec2M T\u1eea B\u1ece L\u1eddi s\u1ed1 82 \u201c\u0110i\u1ec1u quan tr\u1ecdng nh\u1ea5t khi b\u1ea1n th\u1ea5y m\u00ecnh r\u01a1i xu\u1ed1ng h\u1ed1 l\u00e0 \u0111\u1eebng \u0111\u00e0o s\u00e2u th\u00eam n\u1eefa.\u201d *** N\u1ebfu b\u1ea1n b\u1ecb r\u01a1i v\u00e0o m\u1ed9t v\u1ee5 \u0111\u1ea7u t\u01a3 x\u1ea5u, \u0111i\u1ec1u t\u1ed3i t\u1ec7 nh\u1ea5t th\u1ebf gi\u1edbi l\u00e0 ti\u1ebfp t\u1ee5c n\u00e9m ti\u1ec1n v\u00e0o \u0111\u00f3. M\u1eb7c d\u00f9 r\u00fat ra l\u00e0 m\u1ed9t h\u00e0nh \u0111\u1ed9ng \u0111au l\u00f2ng, cu\u1ed1i c\u00f9ng th\u00ec r\u1eddi cu\u1ed9c ch\u01a1i t\u1eeb b\u00e2y gi\u1edd \u0111\u1ec3 ng\u0103n ch\u1eb7n th\u00eam m\u1ea5t m\u00e1t s\u1ebd c\u00f3 l\u1ee3i h\u01a1n l\u00e0 \u0111\u1ee3i \u0111\u1ebfn khi t\u1ea5t c\u1ea3 ch\u1ec9 c\u00f2n con s\u1ed1 kh\u00f4ng. Trong \u0111\u1ea7u th\u1eadp ni\u00ean 1980, Warren \u0111\u1ea7u t\u01a3 r\u1ea5t l\u1edbn v\u00e0o ng\u00e0nh c\u00f4ng nghi\u1ec7p nh\u00f4m. \u0110\u00e2y l\u00e0 m\u1ed9t sai l\u1ea7m, v\u00e0 khi \u00f4ng nh\u1eadn ra, \u00f4ng \u0111\u00e3 ng\u1eebng \u0111\u00e0o th\u00eam v\u00e0 leo ra. H\u00e3y can \u0111\u1ea3m th\u1eeba nh\u1eadn b\u1ea1n sai l\u1ea7m, v\u00e0 h\u00e3y th\u1eeba nh\u1eadn tr\u01a3\u1edbc khi Th\u1ea7n may r\u1ee7i r\u1ec9 tai v\u1edbi b\u1ea1n r\u1eb1ng b\u1ea1n \u0111\u00e3 r\u1ed7ng t\u00fai.","L\u1eddi s\u1ed1 83 \u201cN\u1ebfu b\u1ea1n th\u00e0nh c\u00f4ng ngay l\u1ea7n \u0111\u1ea7u ti\u00ean, h\u00e3y ng\u1eebng t\u00ecm t\u00f2i.\u201d *** Warren lu\u00f4n \u0111i t\u00ecm nh\u1eefng c\u00f4ng ty tuy\u1ec7t v\u1eddi \u0111\u1ec3 mua, v\u00e0 m\u1ed9t khi \u0111\u00e3 mua r\u1ed3i, \u00f4ng n\u1eafm gi\u1eef r\u1ea5t l\u00e2u, theo d\u00f5i gi\u00e1 c\u1ed5 phi\u1ebfu gia t\u0103ng theo doanh thu c\u1ee7a c\u00f4ng ty. M\u1ed9t khi b\u1ea1n \u0111\u00e3 \u0111\u1ea7u t\u01a3 th\u00e0nh c\u00f4ng v\u1edbi m\u1ed9t c\u00f4ng ty tuy\u1ec7t v\u1eddi, t\u1ed1t h\u01a1n h\u1ebft b\u1ea1n n\u00ean t\u1eadn h\u01a3\u1edfng thay v\u00ec b\u00e1n \u0111i \u0111\u1ec3 \u0111\u1ed5i l\u1ea5y m\u1ed9t m\u00f3n l\u1ee3i khi\u00eam t\u1ed1n v\u00e0 l\u1ea1i \u0111i t\u00ecm c\u00f4ng ty kh\u00e1c \u0111\u1ec3 \u0111\u1ea7u t\u01a3. V\u00ec v\u1eady v\u1ea5n \u0111\u1ec1 quan tr\u1ecdng l\u00e0 b\u1ea1n ph\u1ea3i bi\u1ebft th\u1ebf n\u00e0o l\u00e0 m\u1ed9t c\u00f4ng ty tuy\u1ec7t v\u1eddi, \u0111\u1ec3 nh\u1eadn ra n\u00f3 khi b\u1ea1n n\u1eafm trong tay. Nh\u01a3ng n\u1ebfu b\u1ea1n th\u1ea5y m\u1ed9t c\u00f4ng ty t\u1ea7m th\u01a3\u1eddng kh\u00f4ng c\u00f3 c\u00e1c c\u01a1 c\u1ea5u kinh t\u1ebf d\u00e0i h\u1ea1n thu\u1eadn l\u1ee3i, t\u1ed1t nh\u1ea5t l\u00e0 b\u1ea1n n\u00ean nghe theo l\u1eddi khuy\u00ean c\u1ee7a Bernard Baruch (m\u1ed9t Warren Buffett trong th\u1eddi c\u1ee7a m\u00ecnh). Khi \u0111\u01a3\u1ee3c h\u1ecfi l\u00e0m th\u1ebf n\u00e0o \u00f4ng tr\u1edf n\u00ean gi\u00e0u c\u00f3, Bernard \u0111\u00e3 tr\u1ea3 l\u1eddi m\u1ed9t c\u00e1ch ranh m\u00e3nh: \u201cT\u00f4i lu\u00f4n b\u00e1n \u0111i qu\u00e1 s\u1edbm.\u201d","L\u1eddi s\u1ed1 84 \u201cT\u00f4i mua c\u1ed5 phi\u1ebfu khi b\u1ea7y chu\u1ed9t k\u00e9o nhau \u0111i \u0111\u01a3\u1eddng kh\u00e1c.\u201d *** Warren Buffett bi\u1ebft r\u1eb1ng th\u1eddi \u0111i\u1ec3m mua c\u1ed5 phi\u1ebfu l\u00e0 khi m\u1ecdi ng\u01a3\u1eddi kh\u00e1c \u0111\u1ec1u b\u00e1n ra, kh\u00f4ng ph\u1ea3i l\u00fac m\u1ecdi ng\u01a3\u1eddi \u0111\u1ec1u mua v\u00e0o. T\u1ea5t c\u1ea3 nh\u1eefng l\u1ea7n Warren mua \u0111\u1ec1u g\u1eb7p l\u00fac tin t\u1ee9c x\u1ea5u - \u00f4ng th\u00edch mua khi m\u1ecdi th\u1ee9 \u0111en t\u1ed1i nh\u1ea5t - v\u00e0 \u00f4ng c\u00f3 th\u1ec3 l\u00e0m th\u1ebf v\u00ec \u00f4ng \u0111\u00e3 nghi\u00ean c\u1ee9u th\u1ebf gi\u1edbi kinh doanh t\u1eeb tr\u01a3\u1edbc v\u00e0 bi\u1ebft r\u00f5 nh\u1eefng c\u00f4ng ty n\u00e0o c\u00f3 th\u1ec3 s\u1ed1ng s\u00f3t sau nh\u1eefng tai h\u1ecda \u0111\u00e3 \u0111\u01a3a h\u1ecd \u0111\u1ebfn b\u1edd v\u1ef1c v\u00e0 c\u00f4ng ty n\u00e0o s\u1ebd b\u01a3\u1edbc ti\u1ebfp v\u00e0o l\u1ed7 \u0111en qu\u00ean l\u00e3ng. Nh\u1eefng th\u01a3\u01a1ng v\u1ee5 l\u1edbn c\u1ee7a \u00f4ng \u0111\u1ec1u r\u01a1i v\u00e0o l\u00fac th\u1ecb tr\u01a3\u1eddng gi\u00e1 gi\u1ea3m nh\u01a3 n\u0103m 1966 \u00f4ng mua Disney, n\u0103m 1973 \u00f4ng mua Washington Post Company, n\u0103m 1981 \u00f4ng mua General Foods, n\u0103m 1987 \u00f4ng mua Coca-Cola, v\u00e0 n\u0103m 1990 \u00f4ng mua Wells Fargo.","L\u1eddi s\u1ed1 85 \u201c\u0110a s\u1ed1 m\u1ecdi ng\u01a3\u1eddi quan t\u00e2m \u0111\u1ebfn th\u1ecb tr\u01a3\u1eddng c\u1ed5 phi\u1ebfu v\u00ec th\u1ea5y ai c\u0169ng ch\u01a1i. Th\u1eddi \u0111i\u1ec3m quan t\u00e2m \u0111\u1ebfn c\u1ed5 phi\u1ebfu l\u00e0 khi kh\u00f4ng ai ng\u00f3 ng\u00e0ng \u0111\u1ebfn n\u00f3. B\u1ea1n kh\u00f4ng th\u1ec3 l\u00e0m gi\u00e0u b\u1eb1ng c\u00e1ch mua nh\u1eefng c\u1ed5 phi\u1ebfu th\u1eddi th\u01a3\u1ee3ng.\u201d *** Nh\u00e0 \u0111\u1ea7u t\u01a3 kh\u00f4n ngoan tr\u00e1nh nh\u1eefng c\u1ed5 phi\u1ebfu th\u1eddi th\u01a3\u1ee3ng c\u00f9ng v\u1edbi s\u1ef1 k\u00edch \u0111\u1ed9ng c\u1ee7a \u0111\u00e1m \u0111\u00f4ng k\u00e8m theo, v\u00ec s\u1ef1 n\u1ed5i ti\u1ebfng c\u1ee7a ch\u00fang \u0111\u00e3 \u0111\u1ea9y gi\u00e1 l\u00ean qu\u00e1 cao. N\u1ebfu b\u1ea1n mu\u1ed1n s\u1edf h\u1eefu m\u1ed9t c\u00f4ng ty, h\u00e3y ch\u1edd \u0111\u1ee3i \u0111\u1ebfn l\u00fac c\u00f4ng ty n\u00e0y kh\u00f4ng c\u00f2n \u0111\u01a3\u1ee3c quan t\u00e2m nhi\u1ec1u n\u1eefa - \u0111\u00f3 l\u00e0 l\u00fac b\u1ea1n s\u1ebd c\u00f3 gi\u00e1 t\u1ed1t nh\u1ea5t v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 cao nh\u1ea5t. \u0110\u00f3 l\u00e0 l\u00fd do v\u00ec sao Warren th\u00edch th\u1ecb tr\u01a3\u1eddng gi\u00e1 gi\u1ea3m; \u00f4ng \u0111\u00e3 \u0111\u1ec3 \u00fd c\u00e1c c\u00f4ng ty tuy\u1ec7t v\u1eddi m\u00e0 \u00f4ng s\u1ebd ch\u1ed9p ngay n\u1ebfu \u00f4ng t\u00ecm \u0111\u01a3\u1ee3c gi\u00e1 ph\u00f9 h\u1ee3p. Tr\u00ean th\u1ef1c t\u1ebf, n\u1ebfu b\u1ea1n xem qua danh m\u1ee5c \u0111\u1ea7u t\u01a3 c\u1ee7a Berkshire, b\u1ea1n s\u1ebd nh\u1eadn th\u1ea5y t\u1ea5t c\u1ea3 c\u00e1c c\u00f4ng ty \u00f4ng c\u00f3 s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu \u0111\u1ec1u \u0111\u01a3\u1ee3c mua l\u00fac th\u1ecb tr\u01a3\u1eddng s\u1ee5p \u0111\u1ed5 hay l\u00fac c\u00f4ng ty kh\u00f4ng ph\u1ea3i l\u00e0 \u0111\u1ecba ch\u1ec9 \u0111\u1ea7u t\u01a3 \u0111\u01a3\u1ee3c \u01a3a chu\u1ed9ng. C\u1ed5 ph\u1ea7n c\u1ee7a \u00f4ng t\u1ea1i Washington Post Company, Coca-Cola, Disney, American Express, General Foods, Wells Fargo, Interpublic Group, v\u00e0 GEICO \u0111\u1ec1u \u0111\u01a3\u1ee3c mua nh\u01a3 v\u1eady, ho\u1eb7c l\u00fac th\u1ecb tr\u01a3\u1eddng gi\u1ea3m gi\u00e1 ho\u1eb7c l\u00fac c\u00f4ng ty kh\u00f4ng \u0111\u01a3\u1ee3c \u01a3a chu\u1ed9ng trong gi\u1edbi \u0111\u1ea7u t\u01a3.","L\u1eddi s\u1ed1 86 \u201cCh\u00fang ta kh\u00f4ng th\u00e2m nh\u1eadp v\u00e0o m\u1ed9t c\u00f4ng ty v\u1edbi \u00fd \u0111\u1ecbnh t\u00e1c \u0111\u1ed9ng nhi\u1ec1u \u0111\u1ebfn c\u00e1c thay \u0111\u1ed5i. L\u1ed1i suy ngh\u0129 n\u00e0y kh\u00f4ng ph\u00f9 h\u1ee3p trong \u0111\u1ea7u t\u01a3 c\u0169ng nh\u01a3 trong h\u00f4n nh\u00e2n.\u201d *** Warren \u0111\u00e3 ph\u00e1t hi\u1ec7n ra r\u1eb1ng trong \u0111a s\u1ed1 tr\u01a3\u1eddng h\u1ee3p, c\u01a1 c\u1ea5u kinh t\u1ebf c\u1ee7a c\u00f4ng ty v\u1eabn gi\u1eef v\u1eefng kh\u00f4ng b\u1ecb t\u00e1c \u0111\u1ed9ng b\u1edfi b\u1ed9 m\u00e1y qu\u1ea3n l\u00fd \u0111ang n\u1eafm quy\u1ec1n. M\u1ed9t c\u00f4ng ty v\u0129 \u0111\u1ea1i s\u1ebd mang l\u1ea1i k\u1ebft qu\u1ea3 v\u0129 \u0111\u1ea1i b\u1ea5t k\u1ec3 ai \u0111ang \u0111i\u1ec1u h\u00e0nh, v\u00e0 m\u1ed9t c\u00f4ng ty y\u1ebfu k\u00e9m s\u1ebd ch\u1ec9 mang l\u1ea1i k\u1ebft qu\u1ea3 t\u1ea7m th\u01a3\u1eddng cho d\u00f9 h\u1ecd c\u00f3 trong tay nh\u00e0 qu\u1ea3n l\u00fd gi\u1ecfi nh\u1ea5t. Trong v\u00f2ng 100 n\u0103m qua, Coca-Cola \u0111\u00e3 tr\u1ea3i qua h\u00e0ng ch\u1ee5c nh\u00e0 qu\u1ea3n l\u00fd, c\u00f3 ng\u01a3\u1eddi v\u0129 \u0111\u1ea1i nh\u01a3ng c\u0169ng c\u00f3 ng\u01a3\u1eddi kh\u00f4ng, d\u00f9 v\u1eady n\u00f3 v\u1eabn l\u00e0 m\u1ed9t c\u00f4ng ty tuy\u1ec7t v\u1eddi. Washington Post Company \u0111\u00e3 m\u1ea5t \u0111i ng\u01a3\u1eddi s\u00e1ng l\u1eadp v\u00e0 \u0111i\u1ec1u h\u00e0nh Katharine Graham, nh\u01a3ng n\u00f3 v\u1eabn l\u00e0 m\u1ed9t c\u00f4ng ty tuy\u1ec7t h\u1ea3o. Trong khi \u0111\u00f3, nh\u1eefng nh\u00e0 s\u1ea3n xu\u1ea5t \u00f4 t\u00f4 hay c\u00e1c c\u00f4ng ty h\u00e0ng kh\u00f4ng v\u1eabn m\u00e3i l\u00e0 nh\u1eefng c\u00f4ng ty g\u1eb7p kh\u00f3 kh\u0103n t\u1eeb th\u1eadp ni\u00ean n\u00e0y k\u00e9o sang th\u1eadp ni\u00ean kh\u00e1c m\u1eb7c d\u00f9 h\u1ecd c\u0169ng c\u00f3 nh\u1eefng nh\u00e0 qu\u1ea3n l\u00fd v\u0129 \u0111\u1ea1i. Khi \u0111\u1ea7u t\u01a3, b\u1ea1n n\u00ean ch\u1ecdn c\u00f4ng ty v\u0129 \u0111\u1ea1i v\u00e0 tr\u00e1nh c\u00f4ng ty y\u1ebfu k\u00e9m, cho d\u00f9 ng\u01a3\u1eddi \u0111i\u1ec1u h\u00e0nh ch\u00fang l\u00e0 m\u1ed9t thi\u00ean t\u00e0i.","L\u1eddi s\u1ed1 87 \u201cR\u1ee7i ro \u0111\u1ebfn t\u1eeb vi\u1ec7c b\u1ea1n kh\u00f4ng hi\u1ec3u r\u00f5 m\u00ecnh \u0111ang l\u00e0m g\u00ec.\u201d *** Trong cu\u1ed9c ch\u01a1i mua c\u1ed5 phi\u1ebfu kh\u00f4ng \u0111\u01a3\u1ee3c \u01a3a chu\u1ed9ng, n\u1ebfu b\u1ea1n kh\u00f4ng c\u00f3 kh\u1ea3 n\u0103ng x\u00e1c \u0111\u1ecbnh c\u01a1 c\u1ea5u kinh t\u1ebf d\u00e0i h\u1ea1n c\u1ee7a c\u00f4ng ty, b\u1ea1n \u0111ang tham gia v\u00e0o m\u1ed9t c\u00f4ng vi\u1ec7c \u0111\u1ea7y r\u1ee7i ro. B\u1ea1n s\u1ebd kh\u00f4ng bi\u1ebft \u0111\u01a3\u1ee3c l\u00e0 m\u00ecnh \u0111ang tr\u1ea3 gi\u00e1 qu\u00e1 cao cho \u0111\u1ebfn khi qu\u00e1 mu\u1ed9n. Hi\u1ec3u r\u00f5 v\u1ec1 nh\u1eefng g\u00ec b\u1ea1n \u0111ang \u0111\u1ea7u t\u01a3 l\u00e0 con \u0111\u01a3\u1eddng duy nh\u1ea5t \u0111\u1ec3 lo\u1ea1i b\u1ecf r\u1ee7i ro. Nh\u01a3 Warren \u0111\u00e3 n\u00f3i: \u201cT\u00f4i kh\u00f4ng bao gi\u1edd mua c\u00e1i g\u00ec tr\u1eeb phi t\u00f4i c\u00f3 th\u1ec3 \u0111i\u1ec1n v\u00e0o t\u1edd gi\u1ea5y l\u00fd do c\u1ee7a m\u00ecnh. T\u00f4i c\u00f3 th\u1ec3 sai l\u1ea7m, nh\u01a3ng t\u00f4i bi\u1ebft r\u00f5 c\u00e2u tr\u1ea3 l\u1eddi cho c\u00e2u n\u00f3i \u201cT\u00f4i \u0111ang chi ra 32 t\u1ec9 \u0111\u00f4la h\u00f4m nay \u0111\u1ec3 mua c\u00f4ng ty Coca-Cola b\u1edfi v\u00ec....\u201d N\u1ebfu b\u1ea1n kh\u00f4ng tr\u1ea3 l\u1eddi \u0111\u01a3\u1ee3c c\u00e2u h\u1ecfi n\u00e0y, b\u1ea1n kh\u00f4ng n\u00ean mua. N\u1ebfu b\u1ea1n tr\u1ea3 l\u1eddi \u0111\u01a3\u1ee3c c\u00e2u h\u1ecfi, v\u00e0 v\u00e0i l\u1ea7n nh\u01a3 v\u1eady, l\u00e0 b\u1ea1n \u0111\u00e3 ki\u1ebfm \u0111\u01a3\u1ee3c r\u1ea5t nhi\u1ec1u ti\u1ec1n.\u201d C\u00e1c c\u00e2u h\u1ecfi bu\u1ed9c ch\u00fang ta ph\u1ea3i suy ngh\u0129, v\u00e0 c\u00e2u tr\u1ea3 l\u1eddi cho ch\u00fang ta bi\u1ebft li\u1ec7u m\u00ecnh n\u00ean h\u00e0nh \u0111\u1ed9ng nh\u01a3 th\u1ebf n\u00e0o. Ngh\u1ec7 thu\u1eadt \u1edf \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 t\u00ecm ra c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01a3 \u0111\u00fang, ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 bi\u1ebft r\u1eb1ng m\u00ecnh c\u00f3 c\u00e2u tr\u1ea3 l\u1eddi \u0111\u00fang cho c\u00e2u h\u1ecfi \u0111\u00fang.","L\u1eddi s\u1ed1 88 \u201cTh\u1eddi \u0111i\u1ec3m duy nh\u1ea5t \u0111\u1ec3 mua nh\u1eefng th\u1ee9 n\u00e0y l\u00e0 v\u00e0o m\u1ed9t ng\u00e0y kh\u00f4ng c\u00f3 ch\u1eef y - kh\u00f4ng ng\u00e0y n\u00e0o c\u1ea3.\u201d *** \u1ede \u0111\u00e2y Warren \u0111ang n\u00f3i v\u1ec1 l\u1ea7n \u0111\u1ea7u ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu hay tr\u00e1i phi\u1ebfu ra c\u00f4ng ch\u00fang c\u1ee7a m\u1ed9t c\u00f4ng ty th\u00f4ng qua ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01a3. \u00d4ng nh\u1eadn th\u1ea5y r\u1eb1ng ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01a3 ch\u1ecbu tr\u00e1ch nhi\u1ec7m ph\u00e1t h\u00e0nh \u0111\u00e3 c\u1ea9n th\u1eadn c\u00e2n nh\u1eafc gi\u00e1 c\u1ea3. Kh\u00f4ng d\u1ec5 g\u00ec c\u00f3 c\u01a1 h\u1ed9i cho nh\u00e0 \u0111\u1ea7u t\u01a3 ki\u1ebfm \u0111\u01a3\u1ee3c gi\u00e1 h\u1eddi. V\u00ec l\u00fd do n\u00e0y m\u00e0 Warren v\u1eabn lu\u00f4n tr\u00e1nh xa c\u00e1c IPO k\u1ec3 t\u1eeb khi \u00f4ng b\u1eaft \u0111\u1ea7u s\u1ef1 nghi\u1ec7p \u0111\u1ea7u t\u01a3. \u00d4ng th\u00edch \u0111\u1ee3i cho c\u1ed5 phi\u1ebfu \u0111\u01a3\u1ee3c giao d\u1ecbch m\u1ed9t th\u1eddi gian v\u00e0 c\u00e1i nh\u00ecn ng\u1eafn h\u1ea1n c\u1ee7a th\u1ecb tr\u01a3\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u00e3 l\u00e0m cho gi\u00e1 c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ea9y xu\u1ed1ng m\u1ed9t c\u00e1ch kh\u00f4ng x\u1ee9ng \u0111\u00e1ng. Quy lu\u1eadt r\u1ea5t \u0111\u01a1n gi\u1ea3n: Ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01a3 kh\u00f4ng bao gi\u1edd d\u00e2ng cho b\u1ea1n gi\u00e1 h\u1eddi, nh\u01a3ng th\u1ecb tr\u01a3\u1eddng th\u00ec c\u00f3.","L\u1eddi s\u1ed1 89 \u201cCh\u00fang ta tin t\u01a3\u1edfng r\u1eb1ng s\u1ef1 trung th\u1ef1c s\u1ebd gi\u00fap \u00edch ch\u00fang ta trong vai tr\u00f2 nh\u00e0 qu\u1ea3n l\u00fd: M\u1ed9t t\u1ed5ng gi\u00e1m \u0111\u1ed1c (CEO) l\u1eeba d\u1ed1i ng\u01a3\u1eddi kh\u00e1c ngo\u00e0i \u0111\u1eddi cu\u1ed1i c\u00f9ng c\u0169ng s\u1ebd l\u1eeba d\u1ed1i b\u1ea3n th\u00e2n.\u201d *** M\u1ed9t CEO trung th\u1ef1c v\u1edbi c\u00f4ng ch\u00fang v\u1ec1 sai l\u1ea7m c\u1ee7a m\u00ecnh th\u00ec c\u00f3 nhi\u1ec1u kh\u1ea3 n\u0103ng s\u1ebd h\u1ecdc h\u1ecfi t\u1eeb nh\u1eefng sai l\u1ea7m n\u00e0y. Nh\u01a3ng n\u1ebfu v\u1ecb CEO ch\u1ec9 c\u1ed1 g\u1eafng \u0111\u1ed5 t\u1ed9i cho ng\u01a3\u1eddi kh\u00e1c hay t\u00ecnh h\u00ecnh v\u1ec1 nh\u1eefng sai l\u1ea7m c\u1ee7a m\u00ecnh, th\u00ec \u0111\u00e2y l\u00e0 d\u1ea5u hi\u1ec7u r\u00f5 r\u00e0ng cho th\u1ea5y \u00f4ng ta c\u00f3 th\u1ec3 s\u1ebd l\u1eeba d\u1ed1i b\u1ea3n th\u00e2n v\u1ec1 nh\u1eefng \u0111i\u1ec1u quan tr\u1ecdng kh\u00e1c v\u00e0 g\u1ea7n nh\u01a3 ch\u1eafc ch\u1eafn kh\u00f4ng bao gi\u1edd trung th\u1ef1c v\u1edbi c\u1ed5 \u0111\u00f4ng. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7c bi\u1ec7t \u0111\u00fang trong c\u00e1c v\u1ea5n \u0111\u1ec1 li\u00ean quan \u0111\u1ebfn k\u1ebf to\u00e1n - s\u1eb5n l\u00f2ng b\u00e1o c\u00e1o sai m\u1ed9t con s\u1ed1 cu\u1ed1i c\u00f9ng s\u1ebd d\u1eabn \u0111\u1ebfn vi\u1ec7c s\u1eb5n l\u00f2ng b\u00e1o c\u00e1o sai t\u1ea5t c\u1ea3 c\u00e1c con s\u1ed1. Hay nh\u01a3 Warren n\u00f3i: \u201cNh\u1eefng nh\u00e0 qu\u1ea3n l\u00fd lu\u00f4n h\u1ee9a h\u1eb9n s\u1ebd \u201cl\u00e0m ra con s\u1ed1\u201d th\u00ec \u0111\u1ebfn m\u1ed9t l\u00fac n\u00e0o \u0111\u00f3 s\u1ebd b\u1ecb c\u00e1m d\u1ed7 \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh sao cho ra con s\u1ed1.\u201d Khi nh\u00e0 qu\u1ea3n l\u00fd thay \u0111\u1ed5i s\u1ed1, h\u1ecd s\u1ebd ph\u1ea3i ch\u1ecbu t\u00f9 t\u1ed9i, nh\u01a3ng \u0111\u00e1ng bu\u1ed3n l\u00e0 h\u1ec7 th\u1ed1ng k\u1ebf to\u00e1n l\u1eeba \u0111\u1ea3o c\u1ee7a h\u1ecd th\u01a3\u1eddng kh\u00f4ng \u0111\u01a3\u1ee3c ph\u00e1t hi\u1ec7n cho \u0111\u1ebfn khi h\u1ecd \u0111\u00e3 ph\u1ee7i s\u1ea1ch to\u00e0n b\u1ed9 s\u1ed1 v\u1ed1n \u0111\u1ea7u t\u01a3 c\u1ee7a c\u1ed5 \u0111\u00f4ng v\u00e0 c\u1ea3 ngu\u1ed3n qu\u1ef9 h\u01a3u tr\u00ed c\u1ee7a nh\u00e2n vi\u00ean.","L\u1eddi s\u1ed1 90 \u201cC\u00e1i g\u00ec kh\u00f4ng \u0111\u00e1ng l\u00e0m th\u00ec kh\u00f4ng c\u1ea7n l\u00e0m t\u1ed1t.\u201d *** Nhi\u1ec1u ng\u01a3\u1eddi m\u1ea5t nhi\u1ec1u th\u1eddi gian \u0111\u1ed5 c\u00f4ng s\u1ee9c v\u00e0o nh\u1eefng c\u00f4ng ty c\u00f3 c\u01a1 c\u1ea5u kinh t\u1ebf y\u1ebfu k\u00e9m, \u0111\u1ed3ng ngh\u0129a v\u1edbi ti\u1ec1m n\u0103ng l\u00e0m ra ti\u1ec1n c\u0169ng th\u1ea5p. V\u1eady th\u00ec t\u1ea1i sao l\u1ea1i c\u1ed1 g\u1eafng cho m\u1ed9t th\u1ee9 m\u00e0 kh\u00f4ng \u0111em l\u1ea1i l\u1ee3i \u00edch cho b\u1ea1n? T\u1ea1i sao l\u1ea1i h\u1ecdc h\u1ecfi \u0111\u1ec3 l\u00e0m t\u1ed1t v\u1edbi m\u1ed9t c\u00f4ng ty c\u00f3 c\u01a1 c\u1ea5u kinh t\u1ebf y\u1ebfu k\u00e9m v\u00e0 s\u1ebd ch\u1eb3ng bao gi\u1edd mang \u0111\u1ebfn cho b\u1ea1n t\u00ed ti\u1ec1n b\u1ea1c n\u00e0o? N\u1ebfu b\u1ea1n th\u1ea5y m\u00ecnh \u0111ang \u1edf tr\u00ean m\u1ed9t chi\u1ebfc thuy\u1ec1n kh\u00f4ng bi\u1ebft \u0111i v\u1ec1 \u0111\u00e2u, b\u1ea1n n\u00ean nh\u1ea3y kh\u1ecfi thuy\u1ec1n v\u00e0 t\u00ecm \u0111\u1ebfn m\u1ed9t chi\u1ebfc kh\u00e1c \u0111ang h\u01a3\u1edbng ra bi\u1ec3n l\u1edbn \u0111\u1ec3 thu v\u1ec1 t\u00e0i s\u1ea3n l\u1edbn lao - thay v\u00ec c\u1ed1 g\u1eafng v\u01a3\u01a1n l\u00ean l\u00e0m thuy\u1ec1n tr\u01a3\u1edfng c\u1ee7a m\u1ed9t con t\u00e0u ch\u1eadm ch\u1ea1p ch\u1eb3ng ti\u1ebfn \u0111\u1ebfn m\u1ed9t b\u1ebfn b\u1edd t\u00e0i ch\u00ednh n\u00e0o c\u1ea3. \u0110\u00e2y l\u00e0 kinh nghi\u1ec7m c\u1ee7a Warren v\u1edbi l\u0129nh v\u1ef1c \u0111\u1ea7u t\u01a3 v\u00e0o d\u1ec7t may c\u1ee7a Berkshire. Cho d\u00f9 n\u00f3 c\u00f3 gi\u1ecfi c\u00e1ch m\u1ea5y, cho d\u00f9 n\u00f3 c\u00f3 \u00e1p d\u1ee5ng \u0111\u01a3\u1ee3c nhi\u1ec1u s\u00e1ng ki\u1ebfn \u0111\u1ebfn m\u1ea5y, ho\u1eb7c cho d\u00f9 c\u00f3 n\u00e9m th\u00eam bao nhi\u00eau v\u1ed1n v\u00e0o n\u00f3, th\u00ec k\u1ebft qu\u1ea3 v\u1eabn kh\u00f4ng thay \u0111\u1ed5i - c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh \u1edf n\u01a3\u1edbc ngo\u00e0i lu\u00f4n c\u00f3 th\u1ec3 s\u1ea3n xu\u1ea5t v\u1ea3i s\u1ee3i v\u1edbi chi ph\u00ed th\u1ea5p h\u01a1n t\u1ea1i M\u1ef9. N\u00f3 tr\u1edf th\u00e0nh m\u1ed9t c\u00f4ng cu\u1ed9c \u0111\u1ea7u t\u01a3 kh\u00f4ng \u0111\u00e1ng th\u1ef1c hi\u1ec7n, v\u00e0 nh\u01a3 Warren n\u00f3i, \u00f4ng \u0111\u00e3 \u0111au l\u00f2ng d\u1eb9p n\u00f3 qua m\u1ed9t b\u00ean.","L\u1eddi s\u1ed1 91 \u201cTh\u00e0nh t\u00edch qu\u1ea3n tr\u1ecb t\u1ed1t ch\u1ec9 th\u1ec3 hi\u1ec7n b\u1ea3n ch\u1ea5t chi\u1ebfc thuy\u1ec1n nhi\u1ec1u h\u01a1n l\u00e0 kh\u1ea3 n\u0103ng ch\u00e8o thuy\u1ec1n hi\u1ec7u qu\u1ea3 c\u1ee7a b\u1ea1n. N\u1ebfu b\u1ea1n tr\u00f3t r\u01a1i v\u00e0o m\u1ed9t chi\u1ebfc thuy\u1ec1n b\u1ecb r\u00f2 r\u1ec9 kinh ni\u00ean, c\u00f4ng s\u1ee9c \u0111\u1ed5 v\u00e0o \u0111\u1ec3 thay chi\u1ebfc thuy\u1ec1n c\u00f3 th\u1ec3 s\u1ebd hi\u1ec7u qu\u1ea3 h\u01a1n l\u00e0 vi\u1ec7c g\u1eafng s\u1ee9c v\u00e1 c\u00e1c l\u1ed5 th\u1ee7ng.\u201d *** Tay n\u00e0i ng\u1ef1a gi\u1ecfi nh\u1ea5t th\u1ebf gi\u1edbi c\u0169ng kh\u00f4ng th\u1ec3 th\u1eafng cu\u1ed9c n\u1ebfu c\u01a3\u1ee1i m\u1ed9t con ng\u1ef1a t\u1ed3i. Nh\u01a3ng ngay c\u1ea3 m\u1ed9t tay n\u00e0i trung b\u00ecnh c\u0169ng c\u00f3 th\u1ec3 th\u1eafng gi\u1ea3i tr\u00ean m\u1ed9t con ng\u1ef1a chi\u1ebfn. Khi b\u1ea1n t\u1ed1t nghi\u1ec7p \u0111\u1ea1i h\u1ecdc, h\u00e3y gia nh\u1eadp \u0111\u1ed9i qu\u00e2n v\u00e0 t\u00ecm vi\u1ec7c \u1edf m\u1ed9t c\u00f4ng ty c\u00f3 c\u01a1 c\u1ea5u kinh t\u1ebf v\u1eefng m\u1ea1nh, v\u00ec b\u1ea5t k\u1ec3 m\u1ee9c \u0111\u1ed9 tham v\u1ecdng c\u1ee7a b\u1ea1n \u0111\u1ebfn \u0111\u00e2u, th\u00ec v\u1edbi c\u01a1 c\u1ea5u kinh t\u1ebf v\u0129 \u0111\u1ea1i nh\u01a3 v\u1eady c\u00f4ng ty s\u1ebd cho b\u1ea1n m\u1ed9t v\u1ecb th\u1ebf t\u1ed1t v\u00e0 tr\u1ea3 l\u01a3\u01a1ng cao. N\u1ebfu b\u1ea1n \u0111\u00e3 v\u00e0 \u0111ang l\u00e0m cho m\u1ed9t c\u00f4ng ty nh\u01a3 v\u1eady, h\u00e3y th\u1eadt c\u1ea9n th\u1eadn khi quy\u1ebft \u0111\u1ecbnh r\u1eddi t\u1ed5 \u1ea5m. C\u00f4ng vi\u1ec7c m\u00e0 b\u1ea1n t\u01a3\u1edfng l\u00e0 t\u1ed1t h\u01a1n c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t chi\u1ebfc thuy\u1ec1n th\u1ee7ng kh\u1eafp n\u01a1i m\u00e0 Warren \u0111\u00e3 c\u1ea3nh b\u00e1o v\u1edbi b\u1ea1n, v\u00e0 l\u00fac \u0111\u00f3 cho d\u00f9 b\u1ea1n c\u00f3 ch\u00e8o c\u1eadt l\u1ef1c th\u00ec c\u0169ng ch\u1eb3ng \u0111i t\u1edbi \u0111\u00e2u."]