🧠 按概念索引(35 個)

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按主題群分類,並非按字母或時間。✅ = 已完整化、🟡 = stub。

🎯 估值與評估的核心(7/7 完成)

✅ 護城河 — Economic Moat (1995)
✅ 內在價值 — Intrinsic Value (1960)
✅ 安全邊際 — Margin of Safety (1958)
✅ 市場先生 — Mr. Market (1987)
✅ 股票即企業所有權 — Stocks as Business Ownership (1977)
✅ 能力圈 — Circle of Competence (1996)
✅ 機會成本 — Opportunity Cost (1991)
✅ 投資 vs 投機 — Investing vs Speculating (2000)

⏳ 複利與長期主義(6/6 完成)

✅ 複利 — Compound Interest (1957)
✅ 長期持有 — Long-term Holding (1988)
✅ 留存盈餘檢驗 — Retained Earnings Test (1983)
✅ 透視盈餘 — Look-through Earnings (1990)
✅ 股東收益 — Owner Earnings (1986)
✅ 二十孔卡 — Twenty Punches (1991)

🏰 護城河與生意品質(5/5 完成)

✅ 特許經營權 — Franchise (1972)
✅ 經濟商譽 — Economic Goodwill (1983)
✅ 雪茄煙蒂投資 — Cigar Butt Investing (1989)
✅ 以合理價格買好公司 — Wonderful Company at Fair Price (1989)
✅ 集中投資 — Concentrated Investing (1993)

👤 經營與資本配置(6/6 完成)

✅ 資本配置 — Capital Allocation (1987)
✅ 經理人選擇 — Manager Selection (1986)
✅ 誠信與品格 — Integrity and Character (1991)
✅ 股東待遇原則 — Owner-Related Business Principles (1983)
✅ 管理層誘因設計 — Management Incentive Design (1991)
✅ 制度性盲從 — Institutional Imperative (1989)

⚠️ 風險、認錯與外部世界(5/5 完成)

✅ 失誤與認錯 — Mistakes and Acknowledgment (1989)
✅ 槓桿與借貸 — Leverage and Debt (2008)
✅ 衍生性金融商品 — Derivatives (2002)
✅ 通貨膨脹 — Inflation (1977)
✅ 股票回購 — Stock Buybacks (1984)

🌍 巴菲特的世界觀(5/5 完成)

✅ 浮存金 — Float (1967)
✅ 美國順風 — American Tailwind (2018)
✅ 效率市場理論的批判 — Critique of EMH (1988)
✅ 簡單甚於複雜 — Simplicity over Complexity (1992)
✅ 股東信本身的哲學 — The Letter as Communication (1977)

🔗 反向連結 (1)

MOC-總目錄