It seems Warren Buffett bought the wrong oil company. His multi-billion dollar loss in ConocoPhillips was not just a matter of misreading the commodity bubble but coveting its low earnings multiple and forgetting that “price is what you pay but value is what you get”.
看上去華倫•巴菲特(Warren Buffett)買錯了石油公司。他在康菲石油(ConocoPhillips)數十億美元的損失不只因爲他誤讀了大宗商品泡沫，還在於他貪圖低本益比卻忘記了自己說過的一句話：「你付出的是價格，得到的是價值」。
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