6月下旬至今,中国股市的惨状令全国股民的心都碎了。其实早在1998年3月,道琼斯工业平均指数相比之前五年上涨了4倍,创下历史最高纪录,许多观察家担心股市被高估。但当时巴菲特却对他的股东们说,只要利率保持低位和企业继续盈利,“没有理由认为股票被高估”。巴菲特的声明在投资者听来异 Since late June, the tragedy of the Chinese stock market has shattered the hearts and minds of the nation’s investors. In fact, as early as March 1998, the Dow Jones Industrial Average rose fourfold compared with the previous five years and set a record high. Many observers worry that the stock market is overvalued. But then Buffett told his shareholders that “there’s no reason to think stocks are overvalued,” as long as interest rates remain low and businesses continue to make money. Buffett’s statement sounds different in investors