中國和印度 巴菲特更看好誰？

Buffett's China Investments

Buffett, a renowned investor who has rarely ventured outside the U.S., has already made a couple of investments in China and none in India.
巴菲特，這位享譽全球的投資家一向較少在美國之外進行投資，但迄今為止，他已在中國進行了幾筆投資，不過在印度，他的投資記錄為零。

But his Chinese investments have not exactly been smooth-sailing.

你愿意花多少錢和這位男士共進晚餐？

但他在中國的投資的確并非是一帆風順的。

In 2003, Berkshire Hathaway Inc. (BRKA, BRKB), the investment company headed by Buffett, bought a 13% stake in Chinese government-run PetroChina Ltd. (PTR). But in 2007, Buffett had to defend this investment from allegations that the oil company had exposure to Sudan, which has come under fire for human-rights violations. In response to a shareholder proposal asking him to withdraw the investment from PetroChina, Buffett stood his ground and said he had seen no proof that PetroChina had operations in Sudan. Later that year, however, he sold most of his stake, a move he attributed to gains in his investments rather than the Sudan allegations.
2003年，巴菲特屬下的投資公司伯克希爾哈撒韋公司(Berkshire Hathaway Inc.) 購買了中國國有公司中石油(PetroChina Ltd)13%的股份。但在2007年，巴菲特不得不就該項投資進行辯護，因中石油被指在蘇丹有業(yè)務，而該國因違反人權一直備受攻擊。在回應一名股東提議讓他撤出在中石油的投資時，巴菲特堅持自己的立場說，沒有證據(jù)表明中石油在蘇丹有業(yè)務經營。但2007年年底，他出售了所持的大部分中石油股票。他表示出售持股的原因是投資獲利，而非受蘇丹指控事件的影響。

In 2008, a Berkshire subsidiary invested $230 million in Chinese battery maker BYD Co. (1211.HK), saying the move reflected the emergence of Chinese companies as important technology research and development centers. According to MarketBeat, this investment was worth $2 billion in February.
2008年，伯克希爾哈撒韋公司的一個子公司向中國電池制造商比亞迪股份有限公司(BYD C0.)投資2.3億美元，說該舉動反映出中國公司作為技術研發(fā)中心的重要性開始浮現(xiàn)。據(jù)市場脈動(MarketBeat)報道，至今年2月份，這項投資的價值已達約20億美元。

In contrast, Berkshire has no direct investment in India, partly because of limitations on foreign investments in the country. At Berkshire's annual shareholder meeting Saturday, Buffett's partner Charlie Munger said that China will grow faster because the Chinese government can get more done, while in India the government has created 'paralysis,' according to people present at the meeting.
與此形成鮮明對比的是，伯克希爾哈撒韋公司在印度并未有任何直接投資，部分原因是該國對外國投資有種種限制。據(jù)出席上周六伯克希爾哈撒韋公司年度股東大會的人士說，巴菲特的合作伙伴芒格(Charlie Munger)在大會上說，中國經濟增長會更快，因中國政府會有更多作為，而印度政府已導致了停頓。

Buffett added, however, that he admired the democracy that has led to the paralysis. And it's no secret that he is a fan of his Indian-born lieutenant Ajit Jain, who heads some of Berkshire's reinsurance businesses and who Buffett has said 'cannot be replaced.'
但巴菲特卻說，他欽佩印度這個導致經濟停頓的民主制國家。他的助手，伯克希爾哈撒韋再保險業(yè)務的掌門人阿吉特•杰安(Ajit Jain)正是在印度出生的，他對杰安非常喜歡，并稱他無可替代，這已不是個秘密。

Many believe that Buffett's visit to India next year could result in some investments. 'Their first (investment) in India may not be an insurance company (the main business of Berkshire),' says Mohnish Prabrai, a money manager in California who considers Buffett a guru.
許多人相信巴菲特明年訪問印度可能會做些投資。加州基金經理Mohnish Prabrai視巴菲特為導師，他說，巴菲特公司在印度的第一筆投資可能不是保險業(yè)，盡管保險是伯克希爾哈撒韋公司的主營業(yè)務。

One thing is clear: Indians and Chinese both know the value of Buffett's time. In 2007, Indian-born Pabrai bid $650,000 during a charity auction to have lunch with the investor. The next year, a hedge-fund manager from Hong Kong, Zhao Danyang paid $2.1 million for the privilege.
有一點是很清楚的：不論印度人還是中國人都明白巴菲特的時間寶貴。2007年，出生于印度的Pabrai在一項慈善拍賣中出價65萬美元得到了與巴菲特共進午餐的機會。第二年，香港對沖基金經理趙丹陽為得到這樣一個機會出價210萬美元。

That record has yet to be broken. Any takers from India?
該項記錄尚未打破。會有印度人來破這項記錄嗎？