财富精英励志演讲31：巴菲特:决定你成功的因素(7)

 　　That to me is absolutely fascinating.

　　这于我而言，是绝对的百思不得其解。

　　I mean if I ever write a book it will be called: Why Smart People Do Dumb Things.

　　如果我要写本书的话，书名就是《为什么 聪明人净干蠢事》。

　　My partner says it should be autobiographical. But this might be an interesting illustration.

　　我的合伙人说那本书就是他的自传。这真 的是一个有趣的演示。

　　They are perfectly¹ decent guys. I respect them and they helped me out when I had problems at Salomon.

　　他们都是正经人，我尊敬他们甚至我在所罗门兄弟公司有问题的时候，也会找他们来帮助解决。

　　They are not bad people at all.

　　他们绝不是坏人。

　　But to make money they didn’t have and they didn’t need, they risked what they did have and did need,

　　但是，他们为了挣那些不属于他们，他们也不需要的钱，他们竟用属于他们，他们也需要的钱来冒险。

　　and that’s foolish, that’s excessive foolish, and don’t answer me it related with IQs.

　　这真是愚蠢之极。这不是智商不智商的问题。

　　If you risk something that is important to you for something that is unimportant to you, it just does not make any sense.

　　用对你重要的东西去冒险贏得对你并不重要的东西，简直不可理喻。

　　I don't care whether the odds² you are 100 to 1 succeed or 1000 to 1 you succeed.

　　即便你成功的概率是100比1，或1000比1。

　　If you hand me a gun with a thousand chambers⁴ or a million chambers and a bullet with one chamber³,

　　如果你给我一把枪，弹膛里有一千个甚至一百万个空的位置，然后你告诉我，里面只有一发子弹，

　　you said put it up on your temple and how much do you want to be paid the pull one.

　　你让我把枪指向太阳穴，你问我，要花多少钱，才能让我（对自己）拉动扳机。

　　I'm not going to pull, you know you can add anything you want, it doesn’t do anything for me on the upside and I think the downside is fairly clear.

　　我是不会去做的。你可以下任何赌注，即便我贏了，那些钱对我来说也不值一提。如果我输了，那后果是显而易见的。

　　So I am not interested in that kind of the game.

　　我对这样的游戏没有一点兴趣。

　　And yet people do it financially without thinking about it very much.

　　可是因为头脑不清楚，总有人犯这样的错。

　　There was a great book, wasn’t it a great book? The great title? There is a lousy book which is with a great title, by Walter Gutman. The title was: You Only Have to Get Rich Once.

　　有这样一本书，是瓦尔特?古特曼写的，很普通却有着一个很好听的书名，叫《一生只需富一次》。

　　Now that seems pretty fundamental, doesn’t it?

　　这再正确不过了，不是吗？

　　What if you’ve got 100 million at the start of the year and you are gonna make 10% if you are unleveraged and 20% if you are leveraged⁵ 99 times out if a 100,

　　如果开始你有一个亿，每年没有一点风险的可以挣10%,而有些风险，但成功率有99%的投资会嫌20%。

　　but the differences that made at the end of the year, you have got 110 million or 120 million.It makes absolutely no difference at all.

　　— 年结束，你可能有1.1个亿，也可能有1.2个亿，这有什么区别呢?

　　I mean if you die at the end of the year, you know the guy who writes up the story may make a typo, he may said a hundred and ten even though you have a hundred and twenty.

　　如果你这时候过世，写讣告或悼词的人可能错把你有的1.2个亿写成1.1个亿了，

　　You have gained nothing at all. So it makes absolutely no difference.

　　有区别也变成没区别了。

　　It makes no difference to your family. It makes no difference to anything.

　　对你、对你的家庭、对任何亊，都没有任何一点点不同。

　　And yet, the downside, especially managing on other people’s money, it not only losing all your money,but it is disgrace, humiliation⁶ and facing friends whose money you have lost, right?

　　但是万一有点闪失的话，特别是当你管理他人的钱时，你不仅仅损失了你的钱，你朋友的钱，还有你的尊严和颜面。

　　I just can not imagine, and equation.Does it make sense for?

　　我简直想不通，多赚一点有什么意义呢？

1 perfectly   

adv.完美地，无可非议地，彻底地

参考例句：

• The witnesses were each perfectly certain of what they said.证人们个个对自己所说的话十分肯定。
• Everything that we're doing is all perfectly above board.我们做的每件事情都是光明正大的。

2 odds   

n.让步，机率，可能性，比率；胜败优劣之别

参考例句：

• The odds are 5 to 1 that she will win.她获胜的机会是五比一。
• Do you know the odds of winning the lottery once?你知道赢得一次彩票的几率多大吗？

3 chamber   

n.房间，寝室；会议厅；议院；会所

参考例句：

• For many,the dentist's surgery remains a torture chamber.对许多人来说，牙医的治疗室一直是间受刑室。
• The chamber was ablaze with light.会议厅里灯火辉煌。

4 chambers   

n.房间( chamber的名词复数 )；（议会的）议院；卧室；会议厅

参考例句：

• The body will be removed into one of the cold storage chambers. 尸体将被移到一个冷冻间里。 来自《简明英汉词典》
• Mr Chambers's readable book concentrates on the middle passage: the time Ransome spent in Russia. Chambers先生的这本值得一看的书重点在中间：Ransome在俄国的那几年。 来自互联网

5 leveraged   

促使…改变( leverage的过去式和过去分词 )； [美国英语]杠杆式投机，（使）举债经营，（使）利用贷款进行投机

参考例句：

• Chrysler has traditionally been a highly leveraged company. 克莱斯勒一向是一家周转十分灵活的公司。
• Leveraged recaps have become popular for a number of reasons. 杠杆资本重组的大行其道有好几个原因。

6 humiliation   

n.羞辱

参考例句：

• He suffered the humiliation of being forced to ask for his cards.他蒙受了被迫要求辞职的羞辱。
• He will wish to revenge his humiliation in last Season's Final.他会为在上个季度的决赛中所受的耻辱而报复的。