巴菲特致股东的信（2020年）⑧年度股东大会

The Annual Meeting

年度股东大会

Last year, on February 22nd, I wrote you about our plans for a gala annual meeting. Within a month, the schedule was junked.

去年2月22日，我写信给大家介绍了我们盛大年会的计划。不到一个月，这个计划就被废弃了。

Our home office group, led by Melissa Shapiro and Marc Hamburg, Berkshire’s CFO, quickly regrouped. Miraculously, their improvisations worked. Greg Abel, one of Berkshire’s Vice Chairmen, joined me on stage facing a dark arena, 18,000 empty seats and a camera. There was no rehearsal: Greg and I arrived about 45 minutes before “showtime.”

伯克希尔总部团队在首席财务官马克·汉堡 (Marc Hamburg) 和梅丽莎·夏皮罗 (Melissa Shapiro) 的带领下迅速调整。他们的即兴发挥奇迹般地成功了。伯克希尔副董事长之一格雷格·阿贝尔 (Greg Abel) 和我一起走上舞台，面对着一个黑暗的体育馆、1.8万个空座位和一台摄像机。没有彩排：格雷格和我在"开演"前45分钟到场。

Debbie Bosanek, my incredible assistant who joined Berkshire 47 years ago at age 17, had put together about 25 slides displaying various facts and figures that I had assembled at home. An anonymous but highly-capable team of computer and camera operators projected the slides onto the screen in proper order.

黛比·博萨内克 (Debbie Bosanek) 是我了不起的助手，47年前17岁时就加入了伯克希尔。她把我在家里整理的各种事实和数据制作成大约25张幻灯片。一支匿名但能力出众的电脑和摄像团队按照正确的顺序将幻灯片投射到屏幕上。

Yahoo streamed the proceedings to a record-sized international audience. Becky Quick of CNBC, operating from her home in New Jersey, selected questions from thousands that shareholders had earlier submitted or that viewers had emailed to her during the four hours Greg and I were on stage. See’s peanut brittle and fudge, along with Coca-Cola, provided us with nourishment.

雅虎 (Yahoo) 向创纪录规模的全球观众直播了整个过程。CNBC的贝琪·奎克 (Becky Quick) 在她位于新泽西州的家中工作，从股东们事先提交的数千个问题以及观众在我和格雷格在台上的四个小时里发给她的邮件中筛选问题。喜诗的花生糖和软糖，再加上可口可乐，为我们提供了能量。

This year, on May 1st, we are planning to go one better. Again, we will rely on Yahoo and CNBC to perform flawlessly. Yahoo will go live at 1 p.m. Eastern Daylight Time (“EDT”). Simply navigate to https://finance.yahoo.com/brklivestream.

今年5月1日，我们计划更上一层楼。同样，我们将依赖雅虎和CNBC的完美配合。雅虎直播将于美国东部夏令时（EDT）下午1点开始。只需登录 https://finance.yahoo.com/brklivestream 即可。

Our formal meeting will commence at 5:00 p.m. EDT and should finish by 5:30 p.m. Earlier, between 1:30-5:00, we will answer your questions as relayed by Becky. As always, we will have no foreknowledge as to what questions will be asked. Send your zingers to BerkshireQuestions@cnbc.com. Yahoo will wrap things up after 5:30.

正式会议将于东部夏令时下午5:00开始，预计5:30结束。在此之前的1:30到5:00之间，我们将回答由贝琪转达的问题。和以往一样，我们事先不知道会被问到什么。请把你们的犀利问题发送到。雅虎直播将在5:30之后结束。

And now – drum roll, please – a surprise. This year our meeting will be held in Los Angeles . . . and Charlie will be on stage with me offering answers and observations throughout the 31⁄2-hour question period. I missed him last year and, more important, you clearly missed him. Our other invaluable vice-chairmen, Ajit Jain and Greg Abel, will be with us to answer questions relating to their domains.

现在——请击鼓——有一个惊喜。今年的会议将在洛杉矶举行，查理将和我一起站在台上，在整个三个半小时的问答环节中回答问题并分享观察。去年我很想念他，更重要的是，你们显然也很想念他。我们另外两位不可或缺的副董事长——阿吉特·贾恩 (Ajit Jain) 和格雷格·阿贝尔 (Greg Abel)——也将参与其中，回答各自领域的问题。

Join us via Yahoo. Direct your really tough questions to Charlie! We will have fun, and we hope you will as well.

通过雅虎加入我们吧。把你们最刁钻的问题抛给查理！我们会玩得很开心，希望你们也一样。

Better yet, of course, will be the day when we see you face to face. I hope and expect that will be in 2022. The citizens of Omaha, our exhibiting subsidiaries and all of us at the home office can’t wait to get you back for an honest-to-God annual meeting, Berkshire-style.

当然，更美好的将是我们面对面相见的那一天。我希望并期待那将是在2022年。奥马哈的市民们、我们的参展子公司以及总部的所有同仁，都迫不及待地想迎接你们回来，参加一场货真价实的、伯克希尔式的年度盛会。

February 27, 2021 Warren E. Buffett Chairman of the Board

2021年2月27日沃伦·巴菲特 (Warren E. Buffett) 董事会主席