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”.
看上去沃伦•巴菲特(Warren Buffett)买错了石油公司。他在康菲石油(ConocoPhillips)数十亿美元的损失不只因为他误读了大宗商品泡沫，还在于他贪图低市盈率却忘记了自己说过的一句话：“你付出的是价格，得到的是价值”。
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