버핏과 멍거: 거시경제와 미시경제
Warren Buffett & Charlie Munger: Anchoring Effect of Microeconomics | 2016 Berkshire Annual Meeting
2016년 버크셔 주주총회
Buffett: Charlie and I are certainly—uh, we read a lot, so we—and we’re interested in economic matters and political matters, for that matter. So we—we know a lot, or we’re familiar a lot, I should say, with almost all the macroeconomic factors. That doesn’t mean we know where they’re going to lead. We don’t know where zero interest rates are going to lead. But we do know what’s going on. If we don’t know what is likely to—
버핏: 찰리와 저는 확실히… 음, 책을 많이 읽습니다.
경제 문제나 정치 문제에 관심이 많고요.
그래서 우리는 거시경제적 요소들에 대해서도 많은 걸 알고 있죠.
그 요소들이 어떤 결과를 낳을지 안다는 의미는 아닙니다.
제로 금리가 어떤 결과로 이어질지도 모릅니다.
하지만 지금 벌어지고 있는 일은 파악하고 있습니다.
...
Munger: Warren, there’s a confusion here. That says microeconomic factors. We pay a lot of attention to those.
멍거: 워런, 여기 혼동이 있어.
질문에서는 미시경제적 요소를 말한 거야.
우린 그것들에 매우 많은 주의를 기울이고 있자나.
Buffett: Oh, yeah. If you’re talking about—don’t know anybody else… yeah, he summed it up. In terms of the businesses we buy—and when we buy stocks, we look at it as buying businesses, so they’re very similar decisions—we try to know all—as many as we can know—of the microeconomic factors. I like looking at the details of a business, whether we buy it or not. I mean, I just find it interesting to study the species, and that’s the way you do study it. So I don’t think there’s any lack of interest in those factors or deny the ...
