巴菲特:如果我是提姆•库克,我就回购苹果股票

In a three-hour appearance on CNBC's Squawk BoxMonday morning, Berkshire Hathaway's (BRKA) Warren Buffett addressed two burning issues in the minds of Apple (AAPL) investors: Apple's depressed stock price and what to do with the $137 billion in cash burning a hole in David Einhorn's pocket.

周一早上，在消费者资讯与财经频道（CNBC）长达3小时的Squawk Box节目中，伯克希尔?哈撒韦公司（Berkshire Hathaway）的沃伦?巴菲特谈到了苹果（Apple）投资者所面临的两大首要问题：苹果低迷的股价和引发大卫?艾因霍（对冲基金绿光资本的基金经理——译注）不满的1,370亿美元的现金。

On the pressure to increase the dividend:

关于增加股息压力的看法：

"I don't own any Apple and I haven't, though I did talk with Steve Jobs a few years ago about what they might do with the cash. The best thing you can do with a business is run it well, and the shares will respond."

“我没有苹果的产品，从来都没有过。然而，在几年前，我的确和史蒂夫?乔布斯讨论过如何处置现金的问题。对于企业来说，最可行的办法就是把业务做好，股价自然会有回应。”

On David Einhorn's push to get Apple to issue preferred shares:

关于大卫?艾因霍推动苹果发售优先股的看法：

"I would ignore him. I would run the business in such a manner as to create the most value over the next five to 10 years. You can't run a business to push the stock price up on a daily basis. Berkshire has gone down 50% four times in its history. When that happens, if you've got money you buy it. You just keep working on building the value.

“如果是我的话，我不会去理他。在我看来，做企业为的是在未来5-10年间创造最大的价值，而不是每天推动股价的上涨。在历史上，伯克希尔的股票曾4度下跌了50%。发生这种情况的时候，如果你有钱的话应该去回购。只要专心创造价值即可。”

"I heard from people each time [Berkshire shares went down, saying why don't you do this or that. Pay a dividend. I think Apple's done a good job of building value. They may have too much cash. Now one reason they have so much cash is two thirds of it has not yet been taxed.

“每当伯克希尔股价下跌，我就会听到人们说，为什么你不这样做？或者，为什么你不那样做？为什么不派息？我认为苹果在价值创造方面做得很好。他们手头的现金可能太多。他们之所以有这么多现金的一个原因就是，其中的2/3都还没有计税。”

"When Steve called me, I said, Is your stock cheap? He said, yes. I said, Do you have more cash than you need? He said, a little. [laughs] I said, then buy back your stock. He didn't. Now, when our stock went from $90,000 to $40,000 to $45,000, I wrote about, we wanted to buy the stock. We didn't quite manage to.

“当时，乔布斯给我打电话的时候，我问，公司的股价很低吗？他说，是的。我问，公司是不是有很多用不着的现金。他说，有一点。【笑】我说，那就回购股票吧。他并没有那么做。如今，如果我们的股票从9万美元跌到4万至4.5万美元，我写道，我们会回购股票。只是还没跌倒那个份上。”

"But if you could buy dollar bills for 80 cents, it's a very good thing to do."

“然而，假如能用80美分买到价值一美元的东西，肯定非常划算。”