ÓÑÇéÌáʾ£ºÈç¹û±¾ÍøÒ³´ò¿ªÌ«Âý»òÏÔʾ²»ÍêÕû£¬Çë³¢ÊÔÊó±êÓÒ¼ü¡°Ë¢Ð¡±±¾ÍøÒ³£¡ÔĶÁ¹ý³Ì·¢ÏÖÈκδíÎóÇë¸æËßÎÒÃÇ£¬Ð»Ð»£¡£¡ ±¨¸æ´íÎó
¾ÅÉ«Êé¼® ·µ»Ø±¾ÊéĿ¼ ÎÒµÄÊé¼Ü ÎÒµÄÊéÇ© TXTÈ«±¾ÏÂÔØ ½øÈëÊé°É ¼ÓÈëÊéÇ©

e8¶«µÄÐÅ _×÷Õß: ÃÀ ÎÖÂס¤°Í·ÆÌØ-µÚ40ÕÂ

°´¼üÅÌÉÏ·½Ïò¼ü ¡û »ò ¡ú ¿É¿ìËÙÉÏÏ·­Ò³£¬°´¼üÅÌÉ쵀 Enter ¼ü¿É»Øµ½±¾ÊéĿ¼ҳ£¬°´¼üÅÌÉÏ·½Ïò¼ü ¡ü ¿É»Øµ½±¾Ò³¶¥²¿£¡
¡ª¡ª¡ª¡ªÎ´ÔĶÁÍꣿ¼ÓÈëÊéÇ©ÒѱãÏ´μÌÐøÔĶÁ£¡



«¸öÈ˶ÔÓÚÆóÒµ³¤ÆÚ·¢Õ¹µÄͶÈëÈ´Ï൱ÓÐÏÞ£¬ÊµÔÚÊǺÜÄÑÈ¥½Ì²Ë¹·ÄÇÌ×Àϼ¿Á©¡£
Here£r¡¡an¡¡update¡¡on¡¡our¡¡major¡¡non¡­insurance¡¡operations£º
ÒÔÏÂÊÇÎÒÃǷDZ£ÏÕ²¿ÃŵÄ×îÐÂÓªÔË×´¿ö©U
At¡¡Nebraska¡¡Furniture¡¡Mart£»¡¡Mrs¡£¡¡B¡¡£¨Rose¡¡Blumkin£©¡¡and¡¡her¡¡cart¡¡roll¡¡on¡¡and¡¡on¡£¡¡She£r¡¡been¡¡the¡¡boss¡¡for¡¡51¡¡years£»¡¡having¡¡started¡¡the¡¡business¡¡at¡¡44¡¡with¡¡500¡£¡¡£¨Think¡¡what¡¡she¡¡would¡¡have¡¡done¡¡with¡¡1£»000£¡£©¡¡With¡¡Mrs¡£¡¡B£»¡¡old¡¡age¡¡will¡¡always¡¡be¡¡ten¡¡years¡¡away¡£
ÔÚÄÚ²¼À­Ë¹¼Ó¼Ò¾ßµê·½Ã棬BÌ«Ì«×ø×ÅËýµÄÂÖÒγÖÐøÔËת£¬×Ô´Ó44ËêÄÇÄêÒÔ500¿éÃÀ½ð¿ªÊ¼´´Òµµ±Àϰ壬ÖÁ½ñÒÑÓÐ51¸öÄêÍ·£¬£¨ÒªÊǵ±³õÊÇÓÃ1£»000¿éµÄ»°£¬ÏÖÔÚ¿ÉÄܸü²»µÃÁË£©£¬¶ÔÓÚBÌ«Ì«À´Ëµ£¬¾ÍÊÇÔÙ¶àÊ®ËêÒ²²»ÏÓÀÏ¡£
The¡¡Mart£»¡¡long¡¡the¡¡largest¡¡home¡¡furnishings¡¡store¡¡in¡¡the¡¡country£»¡¡continues¡¡to¡¡grow¡£¡¡In¡¡the¡¡fall£»¡¡the¡¡store¡¡opened¡¡a¡¡detached¡¡20£»000¡¡square¡¡foot¡¡Clearance¡¡Center£»¡¡which¡¡expands¡¡our¡¡ability¡¡to¡¡offer¡¡bargains¡¡in¡¡all¡¡price¡¡ranges¡£
Õâ¼ÒÈ«ÃÀ×î´óµÄ¼Ò¾ßÁ¿··µêµ½ÏÖÔÚ»¹ÔÚ³ÖÐø³É³¤£¬È¥ÄêÇïÌ죬ÓÖпªÁËÒ»¼ÒÕ¼µØ20£»000ƽ·½Ó¢…ÕµÄÇå½àÓÃÆ·ÖÐÐÄ£¬ÈÃÎÒÃǵIJúÆ·Ïß²»ÂÛÊǸ÷ÖÖ¼Û¸ñ¶¼Ó¦Óо¡ÓС£
Recently¡¡Dillard£r£»¡¡one¡¡of¡¡the¡¡most¡¡successful¡¡department¡¡store¡¡operations¡¡in¡¡the¡¡country£»¡¡entered¡¡the¡¡Omaha¡¡market¡£¡¡In¡¡many¡¡of¡¡its¡¡stores£»¡¡Dillard£r¡¡runs¡¡a¡¡full¡¡furniture¡¡department£»¡¡undoubtedly¡¡doing¡¡well¡¡in¡¡this¡¡line¡£¡¡Shortly¡¡before¡¡opening¡¡in¡¡Omaha£»¡¡however£»¡¡William¡¡Dillard£»¡¡chairman¡¡of¡¡the¡¡pany£»¡¡announced¡¡that¡¡his¡¡new¡¡store¡¡would¡¡not¡¡sell¡¡furniture¡£¡¡Said¡¡he£»¡¡referring¡¡to¡¡NFM£º¡¡we¡¡don¡¯t¡¡want¡¡to¡¡pete¡¡with¡¡them¡£¡¡We¡¡think¡¡they¡¡are¡¡about¡¡the¡¡best¡¡there¡¡is¡££¿
×î½üDillardÒ»¼ÒÔÚÈ«ÃÀµØÇø¾­ÓªÏ൱³É¹¦µÄ°Ù»õ¹«Ë¾´òËã½ø¾ü°ÂÂê¹þµØÇø£¬ÔÚËüÆäËüÖ÷ÒªµÄ·Öµê¶¼ÉèÓмҾ߲¿ÃÅ£¬ÊÂʵÉÏËûÃÇÔÚÕâ·½ÃæÒ²×öµÄÏ൱³É¹¦£¬²»¹ý¾ÍÔÚÆä°ÂÂê¹þ·Öµê¿ªÄ»µÄǰϦ£¬Dillard×ܲÃWilliamÏÈÉúÈ´Ðû²¼Õâ¼Ò·Öµê¾ö¶¨²»Âô¼Ò¾ß£¬ËûÌرðÌáµ½NFM£¬±íʾÄã¾ø¶Ô²»»áÏëÒªÓëËü¾ºÕù£¬ÎÒÏëËüÔÚµ±µØÒѾ­ÊÇ×îÇ¿µÄÁË¡£
At¡¡the¡¡Buffalo¡¡News¡¡we¡¡extol¡¡the¡¡value¡¡of¡¡advertising£»¡¡and¡¡our¡¡policies¡¡at¡¡NFM¡¡prove¡¡that¡¡we¡¡practice¡¡what¡¡we¡¡preach¡£¡¡Over¡¡the¡¡past¡¡three¡¡years¡¡NFM¡¡has¡¡been¡¡the¡¡largest¡¡ROP¡¡advertiser¡¡in¡¡the¡¡Omaha¡¡World¡­Herald¡£¡¡£¨ROP¡¡advertising¡¡is¡¡the¡¡kind¡¡printed¡¡in¡¡the¡¡paper£»¡¡as¡¡contrasted¡¡to¡¡the¡¡preprinted¡­insert¡¡kind¡££©¡¡In¡¡no¡¡other¡¡major¡¡market£»¡¡to¡¡my¡¡knowledge£»¡¡is¡¡a¡¡home¡¡furnishings¡¡operation¡¡the¡¡leading¡¡customer¡¡of¡¡the¡¡newspaper¡£¡¡At¡¡times£»¡¡we¡¡also¡¡run¡¡large¡¡ads¡¡in¡¡papers¡¡as¡¡far¡¡away¡¡as¡¡Des¡¡Moines£»¡¡Sioux¡¡City¡¡and¡¡Kansas¡¡City¡¡¡­¡¡always¡¡with¡¡good¡¡results¡£¡¡It¡¡truly¡¡does¡¡pay¡¡to¡¡advertise£»¡¡as¡¡long¡¡as¡¡you¡¡have¡¡something¡¡worthwhile¡¡to¡¡offer¡£
ˮţ³Ç±¨Ö½ÎÒÃÇÔÞÑï¹ã¸æµÄ¼ÛÖµ£¬¶øÎÒÃÇÔÚNFMµÄÕþ²ßÔòÊÇÖ¤Ã÷ÎÒÃÇËùÐûÑïµÄȷʵ¿ÉÐУ¬¹ýÈ¥ÈýÄêÀ´£¬NFMÊÇ°ÂÂê¹þÊÀ½çÏȷ汨µÄ×î´ó¹ã¸æ¿Í»§£¬£¨ROPÊÇÖ¸Ö±½ÓÓ¡ÔÚ±¨Ö½¶ø·Ç¼Ð±¨Ê½µÄ¹ã¸æ£©£¬¾ÝÎÒËùÖª£¬³ý´ËÖ®ÍâûÓÐÒ»¼Ò±¨Ö½µÄÖ÷Òª¹ã¸æ¿Í»§ÊǼҾßÉÌ£¬Í¬Ê±ÎÒÃÇÒ²ÔÚ¿°Èø˹µÈµØÇø¿¯µÇ¹ã¸æ£¬ËùµÃµ½µÄ·´Ó¦Ò²Ï൱²»´í£¬¹ã¸æµ±È»ÓÐÆäЧ¹û£¬Ö»ÒªÄãËùÒª½éÉܵĶ«Î÷ÖµµÃÍƼö¡£
Mrs¡£¡¡B¡¯s¡¡son£»¡¡Louie£»¡¡and¡¡his¡¡boys£»¡¡Ron¡¡and¡¡Irv£»¡¡plete¡¡the¡¡winning¡¡Blumkin¡¡team¡£¡¡It£r¡¡a¡¡joy¡¡to¡¡work¡¡with¡¡this¡¡family¡£¡¡All¡¡its¡¡members¡¡have¡¡character¡¡that¡¡matches¡¡their¡¡extraordinary¡¡abilities¡£
BÌ«Ì«µÄ¶ù×Ó·Ò×£¬»¹ÓÐËû¼¸¸öСº¢×é³ÉÁËÒ»Ö§ÃλöÓÎ飬¸úËûÃÇÒ»Æð¹²ÊÂʵÔÚÊÇÒ»ÖÖÏíÊÜ£¬ËùÓеijÉԱƷ¸ñÓë²ÅÄܼæ¾ß¡£
Last¡¡year¡¡I¡¡stated¡¡unequivocally¡¡that¡¡pre¡­tax¡¡margins¡¡at¡¡The¡¡Buffalo¡¡News¡¡would¡¡fall¡¡in¡¡1988¡£¡¡That¡¡forecast¡¡would¡¡have¡¡proved¡¡correct¡¡at¡¡almost¡¡any¡¡other¡¡newspaper¡¡our¡¡size¡¡or¡¡larger¡£¡¡But¡¡Stan¡¡Lipsey¡¡¡­¡¡bless¡¡him¡¡¡­¡¡has¡¡managed¡¡to¡¡make¡¡me¡¡look¡¡foolish¡£
È¥ÄêÎÒÔøÃ÷È·µØ±íʾˮţ³ÇÈÕ±¨1988ÄêµÄË°Ç°Ó¯ÓàÒ»¶¨»áÏ»¬£¬ÊÂʵ֤Ã÷Òª²»ÊÇÓÐStan¡¡Lipsey£¬½á¹û¿ÉÄÜ»áÈçÎÒËùÔ¤²â£¬ÓëÆäËüͬ¹æÄ£µÄ±¨Ö½Í¬ÑùµØ³ÁÂÙ£¬ºÜ¸ßÐËStanÈÃÎÒ¿´ÆðÀ´ºÜÓÞ´À¡£
Though¡¡we¡¡increased¡¡our¡¡prices¡¡a¡¡bit¡¡less¡¡than¡¡the¡¡industry¡¡average¡¡last¡¡year£»¡¡and¡¡though¡¡our¡¡newsprint¡¡costs¡¡and¡¡wage¡¡rates¡¡rose¡¡in¡¡line¡¡with¡¡industry¡¡norms£»¡¡Stan¡¡actually¡¡improved¡¡margins¡¡a¡¡tad¡£¡¡No¡¡one¡¡in¡¡the¡¡newspaper¡¡business¡¡has¡¡a¡¡better¡¡managerial¡¡record¡£¡¡He¡¡has¡¡achieved¡¡it£»¡¡furthermore£»¡¡while¡¡running¡¡a¡¡paper¡¡that¡¡gives¡¡readers¡¡an¡¡extraordinary¡¡amount¡¡of¡¡news¡£¡¡We¡¡believe¡¡that¡¡our¡¡¥Jewshole£¿percentage¡¡¡­¡¡the¡¡portion¡¡of¡¡the¡¡paper¡¡devoted¡¡to¡¡news¡¡¡­¡¡is¡¡bigger¡¡than¡¡that¡¡of¡¡any¡¡other¡¡dominant¡¡paper¡¡of¡¡our¡¡size¡¡or¡¡larger¡£¡¡The¡¡percentage¡¡was¡¡49¡£5£¥¡¡in¡¡1988¡¡versus¡¡49¡£8£¥¡¡in¡¡1987¡£¡¡We¡¡are¡¡mitted¡¡to¡¡keeping¡¡it¡¡around¡¡50£¥£»¡¡whatever¡¡the¡¡level¡¡or¡¡trend¡¡of¡¡profit¡¡margins¡£
ËäÈ»ÎÒÃÇÈ¥ÄêÎÒÃǵ÷Õǵļ۸ñ½Ïͬҵˮ׼ÂԵͣ¬Í¬Ê±Ó¡Ë¢Ó빤×ʳɱ¾µ÷ÕûµÄ·ù¶ÈÓëͬҵһÖ£¬µ«Stan»¹ÊÇÓ²ÉúÉúÈÃëÀûÂÊÓÖÀ©´óһЩ£¬ÔÚÐÂÎÅҵûÓÐÆäËüÈË¿ÉÒÔÏñËûÕâÑùÓиüºÃµÄ¾­Óª¼¨Ð§£¬ÇÒͬʱ»¹Äܹ»ÈöÁÕߵõ½Èç´Ë·á¸»µÄÐÂÎÅ£¬ÎÒÃÇÏàÐÅÎÒÃÇ×Ô¼ºµÄÐÂÎűÈÂÊ£¬¾ø¶ÔÊÇͬÑù¹æÄ£»òÉõÖÁ¸ü´ó±¨Ö½ÖÐ×î¸ßµÄ£¬1988Äê49¡£5£¥£¬²»¹Ü»ñÀû×´¿öÈç´Ë£¬ÎÒÃÇÒ»¶¨»áŬÁ¦½«Õâ¸ö±ÈÂÊά³ÖÔÚ50£¥ÉÏÏ¡£
Charlie¡¡and¡¡I¡¡have¡¡loved¡¡the¡¡newspaper¡¡business¡¡since¡¡we¡¡were¡¡youngsters£»¡¡and¡¡we¡¡have¡¡had¡¡great¡¡fun¡¡with¡¡the¡¡News¡¡in¡¡the¡¡12¡¡years¡¡since¡¡we¡¡purchased¡¡it¡£¡¡We¡¡were¡¡fortunate¡¡to¡¡find¡¡Murray¡¡Light£»¡¡a¡¡top¡­flight¡¡editor£»¡¡on¡¡the¡¡scene¡¡when¡¡we¡¡arrived¡¡and¡¡he¡¡has¡¡made¡¡us¡¡proud¡¡of¡¡the¡¡paper¡¡ever¡¡since¡£
²éÀí¸úÎÒÔÚÄêÇáµÄʱºò¾ÍºÜÈÈ°®ÐÂÎÅÊÂÒµ£¬¶øÂòÏÂˮţ³Ç±¨Ö½µÄ12ÄêÀ´£¬ÈÃÎÒÃǶɹýÐí¶à¿ìÀÖʱ¹â£¬ÎÒÃǺÜÐÒÔËÄܹ»ÕÒµ½ÏñMurrayÕâÑù½Ü³öµÄ×ܱ༭£¬ÈÃÎÒÃÇÒ»ÈëÖ÷ˮţ³Ç±¨Ö½ºó£¬±ãÉîÉîÒýÒÔΪ°Á¡£
See¡¯s¡¡Candies¡¡sold¡¡a¡¡record¡¡25¡£1¡¡million¡¡pounds¡¡in¡¡1988¡£¡¡Prospects¡¡did¡¡not¡¡look¡¡good¡¡at¡¡the¡¡end¡¡of¡¡October£»¡¡but¡¡excellent¡¡Christmas¡¡volume£»¡¡considerably¡¡better¡¡than¡¡the¡¡record¡¡set¡¡in¡¡1987£»¡¡turned¡¡the¡¡tide¡£
ϲ˹ÌǹûÔÚ1988Äê×ܹ²ÏúÊÛÁË2£»510Íò°õÖصÄÌǹû£¬±¾À´ÔÚÊ®ÔÂÇ°Õû¸öÏúÊÛÇ°¾°¿´ÆðÀ´²»Ì«ÀÖ¹Û£¬µ«°ÝÊ¥µ®½ÚÍú¼¾ÌرðÍúËùÖ£¬Õû¸ö¾ÖÊƸú×ÅŤת¡£
As¡¡we¡¡have¡¡told¡¡you¡¡before£»¡¡See¡¯s¡¡business¡¡continues¡¡to¡¡bee¡¡more¡¡Christmas¡­concentrated¡£¡¡In¡¡1988£»¡¡the¡¡pany¡¡earned¡¡a¡¡record¡¡90£¥¡¡of¡¡its¡¡full¡­year¡¡profits¡¡in¡¡December£º¡¡29¡¡million¡¡out¡¡of¡¡32¡£5¡¡million¡¡before¡¡tax¡£¡¡£¨It¡¡enough¡¡to¡¡make¡¡you¡¡believe¡¡in¡¡Santa¡¡Claus¡££©¡¡December£r¡¡deluge¡¡of¡¡business¡¡produces¡¡a¡¡modest¡¡seasonal¡¡bulge¡¡in¡¡Berkshire¡¡corporate¡¡earnings¡£¡¡Another¡¡small¡¡bulge¡¡occurs¡¡in¡¡the¡¡first¡¡quarter£»¡¡when¡¡most¡¡World¡¡Book¡¡annuals¡¡are¡¡sold¡£
¾ÍÏñÎÒÃÇÒÔÇ°¸æË߸÷λµÄ£¬Ï²Ë¹µÄÌǹûÍú¼¾Ô½À´Ô½ÏòÊ¥µ®½Ú¼¯ÖУ¬È¥Äê¹âÊÇ12ÔµÄË°Ç°»ñÀû2£»900Íò¾ÍռȫÄê¶È3£»250ÍòµÄ90£¥£¬£¨Èç´ËÄãÓ¦¸ÃÏàÐÅÊ¥µ®ÀϹ«¹«ÕæµÄ´æÔÚÁË°É£©£¬Ê®¶þÔµÄÍú¼¾Ê¹µÃBerkshireµÚËļ¾µÄÓ¯Óà¿´ÆðÀ´Ï൱²»´í£¬ÁíÍâµÚÒ»¼¾ÔòÊÇÒòΪÊÀ½ç°Ù¿ÆÈ«ÊéÄê¶È³ö°æËùÒÔÒ²»áÓÐÒ»²¨Ð¡¸ß³±¡£
Charlie¡¡and¡¡I¡¡put¡¡Chuck¡¡Huggins¡¡in¡¡charge¡¡of¡¡See¡¡about¡¡five¡¡minutes¡¡after¡¡we¡¡bought¡¡the¡¡pany¡£¡¡Upon¡¡reviewing¡¡his¡¡record£»¡¡you¡¡may¡¡wonder¡¡what¡¡took¡¡us¡¡so¡¡long¡£
²éÀí¸úÎÒÊÇÔÚÂòÏÂϲ˹ÌǹûÎå·ÖÖÓÖ®ºó£¬¾ö¶¨ÎªChuck¡¡Huggins¸ºÔðÕâ¼Ò¹«Ë¾µÄ¹ÜÀí£¬ÔÚ¿´¹ýËûÕâЩÄêÀ´µÄ¼¨Ð§Ö®ºó£¬Äã¿ÉÄܻỳÒÉΪºÎÎÒÃÇÒª¿¼ÂÇÄÇô¾Ã£¡
At¡¡Fechheimer£»¡¡the¡¡Heldmans¡¡¡­¡¡Bob£»¡¡George£»¡¡Gary£»¡¡Roger¡¡and¡¡Fred¡¡¡­¡¡are¡¡the¡¡Cincinnati¡¡counterparts¡¡of¡¡the¡¡Blumkins¡£¡¡Neither¡¡furniture¡¡retailing¡¡nor¡¡uniform¡¡manufacturing¡¡has¡¡inherently¡¡attractive¡¡economics¡£¡¡In¡¡these¡¡businesses£»¡¡only¡¡exceptional¡¡managements¡¡can¡¡deliver¡¡high¡¡returns¡¡on¡¡invested¡¡capital¡£¡¡And¡¡that£r¡¡exactly¡¡what¡¡the¡¡five¡¡Heldmans¡¡do¡£¡¡£¨As¡¡Mets¡¡announcer¡¡Ralph¡¡Kiner¡¡once¡¡said¡¡when¡¡paring¡¡pitcher¡¡Steve¡¡Trout¡¡to¡¡his¡¡father£»¡¡Dizzy¡¡Trout£»¡¡the¡¡famous¡¡Detroit¡¡Tigers¡¡pitcher£º¡¡here¡¡a¡¡lot¡¡of¡¡heredity¡¡in¡¡that¡¡family¡££¿
ÔÚ·ÑÇøº£Ä¬£¬Heldmans¼Ò×å¾ÍºÃÏóÊÇBÌ«Ì«¼Ò×åµÄÐÁÐÁÄÇÌá°æ£¬²»¹ÜÊǼҾßÒµ»òÕßÊÇÖÆ·þÒµ¶¼²»»áºÜÓÐÎüÒýÁ¦µÄÐÐÒµ£¬Ò²Ö»ÓкõĹÜÀí²ÅÄÜÈùɶ«ÃÇ»ñµÃºÃµÄͶ×ʱ¨³ê£¬ÕâÕýÊÇHeldmansÎåλ¼Ò×å³ÉԱΪBerkshireËù×÷µÄ¹±Ï×£¬ÉíΪְ°ô´ó¶¼»á¶ÓµÄ·¢ÑÔÈË£¬Ralph¡¡KinerÔø˵±È½Ï¸Ã¶ÓͶÊÖSteve¡¡TroutÓëËûµÄ¸¸Ç×Dizzy¡¡TroutÒ²ÊÇÀÏ»¢¶ÓÃûͶÊÖ£¬Äã¾Í»á·¢ÏÖ»¢¸¸ÎÞÈ®×Ó¡£
Fechheimer¡¡made¡¡a¡¡fairly¡¡good¡­sized¡¡acquisition¡¡in¡¡1988¡£¡¡Charlie¡¡and¡¡I¡¡have¡¡such¡¡confidence¡¡in¡¡the¡¡business¡¡savvy¡¡of¡¡the¡¡Heldman¡¡family¡¡that¡¡we¡¡okayed¡¡the¡¡deal¡¡without¡¡even¡¡looking¡¡at¡¡it¡£¡¡There¡¡are¡¡very¡¡few¡¡managements¡¡anywhere¡¡¡­¡¡including¡¡those¡¡running¡¡the¡¡top¡¡tier¡¡panies¡¡of¡¡the¡¡Fortune¡¡500¡¡¡­¡¡in¡¡which¡¡we¡¡would¡¡exhibit¡¡similar¡¡confidence¡£
·ÑÇøº£Ä¬ÔÚ1988Äê½øÐÐÁËÒ»Ïî¹æÄ£ÆÄ´óµÄ¹º²¢°¸£¬²éÀí¸úÎÒ¶ÔÓÚËûÃÇÏ൱ÓÐÐÅÐÄ£¬ËùÒÔÎÒÃÇÁ¬¿´¶¼Ã»Óп´¾ÍͬÒâÁËÕâÏî½»Ò×£¬ºÜÉÙÓо­Óª½×²ã£¬¼´±ãÊDzÆÐÇÎå°Ù´óÆóÒµÒ²ºÃ£¬Äܵõ½ÎÒÃÇÕâÑùµÄÐÅÈΡ£
Because¡¡of¡¡both¡¡this¡¡acquisition¡¡and¡¡some¡¡internal¡¡growth£»¡¡sales¡¡at¡¡Fechheimer¡¡should¡¡be¡¡up¡¡significantly¡¡in¡¡1989¡£
ÒòΪÕâÏ²¢°¸ÓëÄÚ²¿±¾ÉíµÄ³É³¤£¬·ÑÇøº£Ä¬µÄÓªÒµ¶î¿ÉÍû´ó·ù³É³¤¡£
All¡¡of¡¡the¡¡operations¡¡managed¡¡by¡¡Ralph¡¡Schey¡¡¡­¡¡World¡¡Book£»¡¡Kirby£»¡¡and¡¡The¡¡Scott¡¡Fetzer¡¡Manufacturing¡¡Group¡¡¡­¡¡performed¡¡splendidly¡¡in¡¡1988¡£¡¡Returns¡¡on¡¡the¡¡capital¡¡entrusted¡¡to¡¡Ralph¡¡continue¡¡to¡¡be¡¡exceptional¡£
ËùÓÐRalph¡¡ScheyËù¹ÜÀíµÄÊÂÒµ£¬°üº¬ÊÀ½ç°Ù¿ÆÈ«Êé¡¢¿Ü±ÈÎü³¾Æ÷ÓëÊ·¿¼ÌØ·Ñ×ÈÖÆÔ켯ÍÅ£¬ÔÚ1988ÄêµÄ±íÏÖ½ÔÏ൱³öÉ«£¬Í¶×ÊÆäÉϵÄ×ʽðÒ²»ñµÃÏ൱²»´íµÄ±¨³ê¡£
Within¡¡the¡¡Scott¡¡Fetzer¡¡Manufacturing¡¡Group£»¡¡particularly¡¡fine¡¡progress¡¡was¡¡recorded¡¡at¡¡its¡¡largest¡¡unit£»¡¡Campbell¡¡Hausfeld¡£¡¡This¡¡pany£»¡¡the¡¡country£r¡¡leading¡¡producer¡¡of¡¡small¡¡and¡¡medium¡­sized¡¡air¡¡pressors£»¡¡has¡¡more¡¡than¡¡doubled¡¡earnings¡¡since¡¡1986¡£
ÔÚÊ·¿¼ÌØ·Ñ×ÈÖÆÔ켯Íŵ±ÖУ¬ÓÖÒÔCampbell¼ÒÓÃÆ÷¾ß×îÍ»³ö£¬Õâ¼ÒÈ«ÃÀ×î´óµÄÖÐСÐÍѹËõ»ú×Ô´Ó1986ÄêÀ´Ã¿ÄêÓ¯Ó඼³Ê±¶Êý³É³¤¡£
Unit¡¡sales¡¡at¡¡both¡¡Kirby¡¡and¡¡World¡¡Book¡¡were¡¡up¡¡significantly¡¡in¡¡1988£»¡¡with¡¡export¡¡business¡¡particularly¡¡strong¡£¡¡World¡¡Book¡¡became¡¡available¡¡in¡¡the¡¡Soviet¡¡Union¡¡in¡¡September£»¡¡when¡¡that¡¡country£r¡¡largest¡¡American¡¡book¡¡store¡¡opened¡¡in¡¡Moscow¡£¡¡Ours¡¡is¡¡the¡¡only¡¡general¡¡encyclopedia¡¡offered¡¡at¡¡the¡¡store¡£
¿Ü±ÈÎü³¾Æ÷ÓëÊÀ½ç°Ù¿ÆÈ«ÊéµÄ1988ÄêÏúÊÛÊýÁ¿¶¼´ó·ù³É³¤£¬ÓÈÆäÔÚÍâÏú²¿·Ý¸üÊÇÇ¿¾¢£¬ÊÀ½ç°Ù¿ÆÈ«ÊéÔÚ¾ÅÔÂÅäºÏĪ˹¿Æµ±µØ×î´óµÄÒ»¼ÒÃÀ¹ú°Ù»õ¹«Ë¾¿ªÄ»£¬ÕýʽÔÚËÕÁªÍƳö£¬³ÉΪ¸ÃµêΨһչʾµÄÒ»Ì×°Ù¿ÆÈ«Êé¡£
Ralph£r¡¡personal¡¡productivity¡¡is¡¡amazing£º¡¡In¡¡addition¡¡to¡¡running¡¡19¡¡businesses¡¡in¡¡superb¡¡fashion£»¡¡he¡¡is¡¡active¡¡at¡¡The¡¡Cleveland¡¡Clinic£»¡¡Ohio¡¡University£»¡¡Case¡¡Western¡¡Reserve£»¡¡and¡¡a¡¡venture¡¡capital¡¡operation¡¡that¡¡has¡¡spawned¡¡sixteen¡¡Ohio¡­based¡¡panies¡¡and¡¡resurrected¡¡many¡¡others¡£¡¡Both¡¡Ohio¡¡and¡¡Berkshire¡¡are¡¡fortunate
·µ»ØĿ¼ ÉÏÒ»Ò³ ÏÂÒ»Ò³ »Øµ½¶¥²¿ ÔÞ£¨0£© ²È£¨0£©
δÔĶÁÍꣿ¼ÓÈëÊéÇ©ÒѱãÏ´μÌÐøÔĶÁ£¡
ÎÂÜ°Ìáʾ£º ο´Ð¡ËµµÄͬʱ·¢±íÆÀÂÛ£¬Ëµ³ö×Ô¼ºµÄ¿´·¨ºÍÆäËüС»ï°éÃÇ·ÖÏíÒ²²»´íŶ£¡·¢±íÊéÆÀ»¹¿ÉÒÔ»ñµÃ»ý·ÖºÍ¾­Ñé½±Àø£¬ÈÏÕæдԭ´´ÊéÆÀ ±»²ÉÄÉΪ¾«ÆÀ¿ÉÒÔ»ñµÃ´óÁ¿½ð±Ò¡¢»ý·ÖºÍ¾­Ñé½±ÀøŶ£¡