[外文翻譯]巴菲特和格羅斯警告：516萬(wàn)億美元的大泡沫是一場(chǎng)在等待發(fā)生的災(zāi)難.rar
[外文翻譯]巴菲特和格羅斯警告：516萬(wàn)億美元的大泡沫是一場(chǎng)在等待發(fā)生的災(zāi)難,/derivatives the new 'ticking bomb'－buffett and gross warn: $516 trillion bubble is a disaster waiting to happen內(nèi)包含中文翻譯和英文...
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原文檔由會(huì)員 鄭軍 發(fā)布
[外文翻譯]巴菲特和格羅斯警告：516萬(wàn)億美元的大泡沫是一場(chǎng)在等待發(fā)生的災(zāi)難/Derivatives the new 'ticking bomb'－Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen
內(nèi)包含中文翻譯和英文原文，內(nèi)容完善，建議下載閱覽。
①中文頁(yè)數(shù)4
中文字?jǐn)?shù)4852
②英文頁(yè)數(shù) 5
英文字?jǐn)?shù) 2573
③ 摘要
“查理和我相信，伯克希爾應(yīng)該是一個(gè)金融力量的凝聚”，在次級(jí)貸款危機(jī)爆發(fā)的五年前巴菲特寫(xiě)道。
“我們要努力警惕任何形式的特大災(zāi)難風(fēng)險(xiǎn)，而且形勢(shì)使我們過(guò)分欣賞急速增長(zhǎng)的長(zhǎng)期衍生工具合約及大量的無(wú)擔(dān)保應(yīng)收款的增長(zhǎng)。但我們認(rèn)為，衍生品是攜帶危險(xiǎn)的大規(guī)模殺傷性金融武器，盡管現(xiàn)在潛伏，卻可能致命”。
在2002年巴菲特寫(xiě)給伯克希爾股東的信里作出這一警告。他預(yù)見(jiàn)到了一個(gè)很多人忽視了的未來(lái)。伊拉克戰(zhàn)爭(zhēng)集結(jié)是個(gè)熱點(diǎn)。大規(guī)模殺傷性武器的比喻和蘑菇云閃現(xiàn)在他的頭腦理。
出現(xiàn)在巴菲特頭腦的還有：4年前他收購(gòu)了通用再保險(xiǎn)公司，當(dāng)時(shí)對(duì)沖基金長(zhǎng)期資本管理公司幾乎扼殺了全球貨幣體系。為何呢？至關(guān)重要的是：長(zhǎng)期資本管理公司幾乎以相對(duì)較小的50億美元的交易損失扼殺了該系統(tǒng)。這個(gè)小數(shù)額與現(xiàn)在華爾街的數(shù)千億美元的次級(jí)貸款減計(jì)相比，簡(jiǎn)直就是業(yè)余級(jí)選手。
"Charlie and I believe Berkshire should be a fortress of financial strength", wrote Warren Buffett. That was five years before the subprime-credit meltdown.
"We try to be alert to any sort of mega-catastrophe risk, and that posture may make us unduly appreciative about the burgeoning quantities of long-term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."
That warning was in Buffett's 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. The Iraq war build-up was at a fever-pitch. The imagery of WMDs and a mushroom cloud fresh in his mind.
④關(guān)鍵字 格羅斯警告/Buffett and Gr
⑤參考文獻(xiàn)
Paul B. Farrell, MarketWatchLast update: 7:31 p.m. EDT March 10, 2008
內(nèi)包含中文翻譯和英文原文，內(nèi)容完善，建議下載閱覽。
①中文頁(yè)數(shù)4
中文字?jǐn)?shù)4852
②英文頁(yè)數(shù) 5
英文字?jǐn)?shù) 2573
③ 摘要
“查理和我相信，伯克希爾應(yīng)該是一個(gè)金融力量的凝聚”，在次級(jí)貸款危機(jī)爆發(fā)的五年前巴菲特寫(xiě)道。
“我們要努力警惕任何形式的特大災(zāi)難風(fēng)險(xiǎn)，而且形勢(shì)使我們過(guò)分欣賞急速增長(zhǎng)的長(zhǎng)期衍生工具合約及大量的無(wú)擔(dān)保應(yīng)收款的增長(zhǎng)。但我們認(rèn)為，衍生品是攜帶危險(xiǎn)的大規(guī)模殺傷性金融武器，盡管現(xiàn)在潛伏，卻可能致命”。
在2002年巴菲特寫(xiě)給伯克希爾股東的信里作出這一警告。他預(yù)見(jiàn)到了一個(gè)很多人忽視了的未來(lái)。伊拉克戰(zhàn)爭(zhēng)集結(jié)是個(gè)熱點(diǎn)。大規(guī)模殺傷性武器的比喻和蘑菇云閃現(xiàn)在他的頭腦理。
出現(xiàn)在巴菲特頭腦的還有：4年前他收購(gòu)了通用再保險(xiǎn)公司，當(dāng)時(shí)對(duì)沖基金長(zhǎng)期資本管理公司幾乎扼殺了全球貨幣體系。為何呢？至關(guān)重要的是：長(zhǎng)期資本管理公司幾乎以相對(duì)較小的50億美元的交易損失扼殺了該系統(tǒng)。這個(gè)小數(shù)額與現(xiàn)在華爾街的數(shù)千億美元的次級(jí)貸款減計(jì)相比，簡(jiǎn)直就是業(yè)余級(jí)選手。
"Charlie and I believe Berkshire should be a fortress of financial strength", wrote Warren Buffett. That was five years before the subprime-credit meltdown.
"We try to be alert to any sort of mega-catastrophe risk, and that posture may make us unduly appreciative about the burgeoning quantities of long-term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."
That warning was in Buffett's 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. The Iraq war build-up was at a fever-pitch. The imagery of WMDs and a mushroom cloud fresh in his mind.
④關(guān)鍵字 格羅斯警告/Buffett and Gr
⑤參考文獻(xiàn)
Paul B. Farrell, MarketWatchLast update: 7:31 p.m. EDT March 10, 2008
