Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.

  • -- Mohnish Pabrai 莫尼斯·帕波莱

快速变化的行业是投资者的敌人。从这个角度看,科技企业,尤其是生物技术企业是个问题。所有行业都与变化打交道,但理想情况下,你应该投资于变化率较低的企业,而不是变化率较高的企业。

相关名言

From now on, the technology companies that succeed will be those that have developed skills at listening and a sophisticated understanding of their customers' industries.

从现在开始,成功的科技公司将是那些具备倾听技巧和对客户所在行业有深刻理解的公司。

I'm such a long-term investor, I've never really let go and celebrated what I did with the Hubble telescope.

我是一个如此长期的投资者,我从来没有真正放手去庆祝我用哈勃望远镜所做的一切。

As long as I am mayor of this city the great industries are secure.

只要我是这个城市的市长,伟大的工业就不会受到威胁。