<p>我们可能再也见不到像沃伦·巴菲特那样具有技能和影响力的投资者。这位传奇投资者于 1965 年接管了一家陷入困境的纺织公司——<strong>伯克希尔哈撒韦</strong>，并将其转变为一个拥有保险、医疗、金融、汽车、消费品等多个领域的庞大企业集团。</p>
<p>如今 94 岁的巴菲特计划在年底从伯克希尔退休，享受他应得的退休生活。当他离开时，他将留下一个难以复制的遗产：自 1965 年以来年复合增长率为 19.9%，几乎是 <strong>标准普尔 500 指数</strong>(^GSPC -0.01%) 增幅的两倍。在过去 60 年中，巴菲特带领伯克希尔实现了 5502284% 的总体增幅，而同期标准普尔 500 指数仅增长了 38054%。</p>
<p>巴菲特的投资哲学相对简单：购买在其领域内稳健的、具有可靠盈利能力、良好管理、强大竞争优势的成熟公司的股票，理想情况下还要有可靠的分红。巴菲特还是买入并持有投资的高手，通常会持有他的投资多年，甚至几十年。</p>
<p>如果你想像奥马哈的先知那样投资，选择 <strong>亚马逊</strong>(AMZN 0.97%) 和 <strong>Pool Corp.</strong>(POOL 0.05%) 这两只股票是不会错的，它们都在伯克希尔的投资组合中。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ1MTIvYnVmZmV0dDIxLXRtZi5wbmcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ1MTIvYnVmZmV0dDIxLXRtZi5wbmcmdz03MDA"/></p>
<p>图片来源：Motley Fool。</p>
<h2>1. 亚马逊</h2>
<p>亚马逊是全球最大的公司之一，市值达到 2.4 万亿美元。作为 “七大巨头” 股票之一，亚马逊无疑符合巴菲特股票的定义，因为它拥有出色的管理和在电子商务及亚马逊网络服务（AWS）云计算方面的巨大竞争优势。</p>
<p>但即便如此，巴菲特也花了一段时间才意识到亚马逊的真正价值。他在 1994 年有机会投资亚马逊——在其首次公开募股的三年前——但拒绝了，认为亚马逊只是一个在线书店。</p>
<p>伯克希尔直到 2019 年才在亚马逊上开仓，并表示 “我们错过了机会”，没有更早地开仓。但说实话，巴菲特并不是唯一一个未能看到亚马逊未来潜力的人。</p>
<p>如今，AWS 是亚马逊的皇冠明珠。是的，电子商务在第一季度带来了 928.8 亿美元的收入，但这也是一个非常昂贵的业务。电子商务的费用为 870 亿美元，仅留下 58.4 亿美元的营业收入。</p>
<p>与此同时，AWS 产生了 292.6 亿美元的收入，但费用仅为 177.2 亿美元。这使得 AWS 的营业收入达到了 115 亿美元，占亚马逊本季度利润的绝大部分。</p>
<p>AWS 将继续推动亚马逊股票上涨，这证明即使是巴菲特有时也会犯错。但他现在正在投资并收获利润。</p>
<h2>2. Pool Corp.</h2>
<p>Pool Corp.是一家游泳池设备、零件和用品的批发分销商。它销售和安装新游泳池，并销售替换零件、围栏、游泳池护理产品和热水浴缸。该公司声称拥有 125,000 个批发客户（这些客户以批发方式购买以经营自己的游泳池相关业务，或销售给个人）。</p>
<p>该公司在北美、欧洲和澳大利亚拥有 445 个销售中心，其产品线包括超过 200,000 种商品。</p>
<p>Pool Corp.是伯克希尔的新投资，因为它在 2024 年第三季度首次购买了该股票。但深入了解这家公司，你会明白为什么它吸引了巴菲特的目光。</p>
<p>巴菲特在寻找公司的时候，关注的是稳定的盈利和扎实的商业计划。在 Pool Corp.中，你可以找到这两者。该公司表示，14% 的业务来自新建项目，22% 的收入来自翻新和改造。其余的 64% 来自维护和修理费用。</p>
<p>简而言之，每当 Pool Corp.销售和安装一个游泳池时，该公司在进行日常维护和修理时就占据了优势，并销售与之相关的产品。这种内置的收入来源对任何投资者来说都很有吸引力。</p>
<p>Pool Corp.发布了 2025 年的盈利指导，预计每股收益在 11.10 美元到 11.60 美元之间，并且提供持续增长的分红，收益率为 1.7%。</p>
<p>Pool Corp.的股票今年迄今下跌了 14%，因为更高的利率减缓了主要安装项目的进展。但由于 Pool Corp.拥有内置的收入来源和稳健的分红收益率，现在可能是以折扣价购买该股票并长期持有的理想时机。</p>

伯克希尔哈撒韦-A

亚马逊

POOL

伯克希尔哈撒韦-B

亚马逊每日 2 倍做多 ETF - Direxion

<p>传奇投资者沃伦·巴菲特即将从伯克希尔哈撒韦退休，自 1965 年以来，他将该公司转变为一个庞大的综合企业。他的投资理念强调购买具有可靠收益的成熟公司。伯克希尔投资组合中推荐的两只股票是亚马逊，受益于其 AWS 云服务，以及 Pool Corp.，这是一家拥有稳定收入来源和不断增长的股息的游泳池用品分销商。尽管近期股价下跌，但这两家公司仍然提供了有吸引力的长期投资机会</p>

<p>We may never see another investor with the skill and impact of Warren Buffett. The legendary investor took over a struggling textile company, <strong>Berkshire</strong> <strong>Hathaway</strong>, in 1965 and turned it into a massive conglomerate with holdings in insurance, healthcare, finance, automotive, consumer goods, and more.</p>
<div class="lb-trans"><p>我们可能再也见不到像沃伦·巴菲特那样具有技能和影响力的投资者。这位传奇投资者于 1965 年接管了一家陷入困境的纺织公司——<strong>伯克希尔哈撒韦</strong>，并将其转变为一个拥有保险、医疗、金融、汽车、消费品等多个领域的庞大企业集团。</p>
</div><p>Now 94, Buffett plans his well-deserved retirement from Berkshire at the end of the year. And when he departs, he will leave a legacy that will be difficult to duplicate: compounded annual gains of 19.9% since 1965, nearly doubling the gains of the <strong>S&amp;P 500</strong>(^GSPC -0.01%). Buffett led Berkshire to an overall gain over 60 years of 5,502,284%, while the S&amp;P 500 gained only 38,054% in that period.</p>
<div class="lb-trans"><p>如今 94 岁的巴菲特计划在年底从伯克希尔退休，享受他应得的退休生活。当他离开时，他将留下一个难以复制的遗产：自 1965 年以来年复合增长率为 19.9%，几乎是 <strong>标准普尔 500 指数</strong>(^GSPC -0.01%) 增幅的两倍。在过去 60 年中，巴菲特带领伯克希尔实现了 5502284% 的总体增幅，而同期标准普尔 500 指数仅增长了 38054%。</p>
</div><p>Buffett's philosophy is relatively simple: Buy stocks in well-established companies that are consistent leaders in their field with reliable earnings, good management, a strong competitive moat, and ideally a reliable dividend. Buffett is also a master of buy-and-hold investing, and tends to hold on to his positions for years, if not decades.</p>
<div class="lb-trans"><p>巴菲特的投资哲学相对简单：购买在其领域内稳健的、具有可靠盈利能力、良好管理、强大竞争优势的成熟公司的股票，理想情况下还要有可靠的分红。巴菲特还是买入并持有投资的高手，通常会持有他的投资多年，甚至几十年。</p>
</div><p>If you want to invest like the Oracle of Omaha, you can't go wrong with two stocks that are in the Berkshire portfolio: <strong>Amazon</strong>(AMZN 0.97%) and <strong>Pool Corp.</strong>(POOL 0.05%).</p>
<div class="lb-trans"><p>如果你想像奥马哈的先知那样投资，选择 <strong>亚马逊</strong>(AMZN 0.97%) 和 <strong>Pool Corp.</strong>(POOL 0.05%) 这两只股票是不会错的，它们都在伯克希尔的投资组合中。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ1MTIvYnVmZmV0dDIxLXRtZi5wbmcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F824512%2Fbuffett21-tmf.png&amp;op=resize&amp;w=700"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：Motley Fool。</p>
</div><h2>1. Amazon</h2>
<div class="lb-trans"><h2>1. 亚马逊</h2>
</div><p>Amazon is one of the biggest companies in the world, with a market capitalization of $2.4 trillion. As a member of the &#34;Magnificent Seven&#34; cohort of stocks, Amazon certainly fits the definition of a Buffett stock, as it has excellent management and a massive competitive edge with its e-commerce business and Amazon Web Services (AWS) cloud computing.</p>
<div class="lb-trans"><p>亚马逊是全球最大的公司之一，市值达到 2.4 万亿美元。作为 “七大巨头” 股票之一，亚马逊无疑符合巴菲特股票的定义，因为它拥有出色的管理和在电子商务及亚马逊网络服务（AWS）云计算方面的巨大竞争优势。</p>
</div><p>But even so, it took Buffett a while to recognize Amazon for what it was. He had a chance to invest in Amazon in 1994 -- three years before its initial public offering -- but turned it down, seeing Amazon as merely an online bookstore.</p>
<div class="lb-trans"><p>但即便如此，巴菲特也花了一段时间才意识到亚马逊的真正价值。他在 1994 年有机会投资亚马逊——在其首次公开募股的三年前——但拒绝了，认为亚马逊只是一个在线书店。</p>
</div><p>Berkshire didn't open a position in Amazon until 2019, and said &#34;we missed it&#34; by not opening his position earlier. But to be honest, Buffett's not the only person who failed to see Amazon for what it would be become.</p>
<div class="lb-trans"><p>伯克希尔直到 2019 年才在亚马逊上开仓，并表示 “我们错过了机会”，没有更早地开仓。但说实话，巴菲特并不是唯一一个未能看到亚马逊未来潜力的人。</p>
</div><p>Today, AWS is the crown jewel. Yes, the e-commerce brought in $92.88 billion in revenue in the first quarter, but it's also a very expensive business to run. E-commerce expenses were $87 billion, leaving operating income of only $5.84 billion.</p>
<div class="lb-trans"><p>如今，AWS 是亚马逊的皇冠明珠。是的，电子商务在第一季度带来了 928.8 亿美元的收入，但这也是一个非常昂贵的业务。电子商务的费用为 870 亿美元，仅留下 58.4 亿美元的营业收入。</p>
</div><p>Meanwhile, AWS generated $29.26 billion in revenue, but expenses were only $17.72 billion. That left operating income of $11.5 billion from AWS, representing the lion's share of Amazon's profits for the quarter.</p>
<div class="lb-trans"><p>与此同时，AWS 产生了 292.6 亿美元的收入，但费用仅为 177.2 亿美元。这使得 AWS 的营业收入达到了 115 亿美元，占亚马逊本季度利润的绝大部分。</p>
</div><p>AWS will continue to drive Amazon stock higher, which proves that even Buffett can get it wrong sometimes. But he's investing now and reaping the profits.</p>
<div class="lb-trans"><p>AWS 将继续推动亚马逊股票上涨，这证明即使是巴菲特有时也会犯错。但他现在正在投资并收获利润。</p>
</div><h2>2. Pool Corp.</h2>
<div class="lb-trans"><h2>2. Pool Corp.</h2>
</div><p>Pool Corp. is a wholesale distributor of pool equipment, parts, and supplies. It sells and installs new pools, and sells replacement parts, fencing, pool care products, and hot tubs. The company claims to have 125,000 wholesale customers (customers who buy in bulk to operate their own pool-related businesses, or to sell to individuals).</p>
<div class="lb-trans"><p>Pool Corp.是一家游泳池设备、零件和用品的批发分销商。它销售和安装新游泳池，并销售替换零件、围栏、游泳池护理产品和热水浴缸。该公司声称拥有 125,000 个批发客户（这些客户以批发方式购买以经营自己的游泳池相关业务，或销售给个人）。</p>
</div><p>The company has 445 sales centers in North America, Europe, and Australia, and its product line includes more than 200,000 items.</p>
<div class="lb-trans"><p>该公司在北美、欧洲和澳大利亚拥有 445 个销售中心，其产品线包括超过 200,000 种商品。</p>
</div><p>Pool Corp. is a new position for Berkshire, as it bought the stock for the first time in the third quarter of 2024. But in digging into the company, you can see why it caught Buffett's eye.</p>
<div class="lb-trans"><p>Pool Corp.是伯克希尔的新投资，因为它在 2024 年第三季度首次购买了该股票。但深入了解这家公司，你会明白为什么它吸引了巴菲特的目光。</p>
</div><p>One thing that Buffett looks for in a company is consistent earnings and a solid business plan. In Pool Corp., you have both. The company says it gets 14% of its business from new construction and 22% of its revenue from renovations and remodeling. The rest -- 64% -- comes from maintenance and repair fees.</p>
<div class="lb-trans"><p>巴菲特在寻找公司的时候，关注的是稳定的盈利和扎实的商业计划。在 Pool Corp.中，你可以找到这两者。该公司表示，14% 的业务来自新建项目，22% 的收入来自翻新和改造。其余的 64% 来自维护和修理费用。</p>
</div><p>In short, every time Pool Corp. sells and installs a pool, the company has a leg up on performing the day-to-day maintenance and repair -- and selling the products that come with it. That built-in revenue stream is intriguing for any investor.</p>
<div class="lb-trans"><p>简而言之，每当 Pool Corp.销售和安装一个游泳池时，该公司在进行日常维护和修理时就占据了优势，并销售与之相关的产品。这种内置的收入来源对任何投资者来说都很有吸引力。</p>
</div><p>Pool Corp. issued guidance for 2025 for earnings between $11.10 and $11.60 per share, as well as a consistently growing dividend that provides a yield of 1.7%.</p>
<div class="lb-trans"><p>Pool Corp.发布了 2025 年的盈利指导，预计每股收益在 11.10 美元到 11.60 美元之间，并且提供持续增长的分红，收益率为 1.7%。</p>
</div><p>Pool Corp. stock is down 14% so far this year, as higher interest rates slow major installation projects. But as Pool Corp. has a built-in revenue stream and a solid dividend yield, this may be an ideal time to buy the stock at a discounted price and hold it for a long time.</p>
<div class="lb-trans"><p>Pool Corp.的股票今年迄今下跌了 14%，因为更高的利率减缓了主要安装项目的进展。但由于 Pool Corp.拥有内置的收入来源和稳健的分红收益率，现在可能是以折扣价购买该股票并长期持有的理想时机。</p>
</div>

2 No-Brainer Warren Buffett Stocks to Buy Right Now

- 沃伦·巴菲特计划在年底退休，留下年均 19.9% 的复合收益率。  
- 亚马逊和 Pool Corp.是巴菲特投资组合中的两只股票，前者依赖 AWS 推动利润。  
- Pool Corp.预计 2025 年每股收益在 11.10 至 11.60 美元之间，股息收益率为 1.7%。  

现在有两只沃伦·巴菲特推荐的股票值得购买