我的學生雷大(魏睿宏)在文章裡剽竊了我的選股原則還跑去告我違反投信投顧法，所以我決定把巴菲特班全面公開，免費讓大家閱讀講稿及下載盈再表，無需註冊，歡迎到處散發。巴菲特班不再開課，只在討論區公開討論。
雷的方法跟巴菲特班很像 (點我)
宥聰同學說：「你將成為所有投資人的老師！」
id4eric2同學：「這裡是網路財神廟，我常來參拜！」
在學投資的路上，大學唸統計，碩士論文寫專家系統，在外資當電子股分析師，之後離開券商讓我得以跳脫舊有框架找到巴菲特，波克夏年報讀了四遍，開了巴菲特班，設計出盈再表，史上最便利的選股工具。
以下英文俱由ChatGPT翻譯 (The following English translations were provided by ChatGPT.)
On the path of learning to invest, I studied statistics in college and wrote my master’s thesis on expert systems. I worked as a tech stock analyst at a foreign securities house. Later, I left the brokerage industry, which allowed me to break free from old frameworks and discover Warren Buffett. I read Berkshire Hathaway’s annual reports four times, started a Buffett course, and designed the Michael On's Table — the most convenient stock-picking tool in history.
統計、寫程式、投資，我樣樣稀鬆略懂皮毛，卻恰好成為最適合發明盈再表的人，若分別找三個領域的專家在溝通困難下十倍時間也做不出來。很多人問我盈再表上各項獨門指標的設定可曾查閱過大量書籍？其實完全沒有，都是靈感自然流露。看著年報中一段文字我Excel表格一拉即發明了盈再率；預期報酬率是坐在馬桶上突然宣洩而下；預期常利則是在路上靈光乍現 ...。很驚訝不太會唸書的我居然看得懂年報，並把它量化成明確可依循的標準，還出現小天使Alex吳同學開發出功能強大的網頁盈再表。時間一到答案就會浮現，彷彿有老天爺引導。
Statistics, programming, investing — I only have a modest grasp of each, but that’s exactly what made me the perfect person to invent the On's Table. If you brought together experts from all three fields, they might spend ten times the effort and still not succeed, simply because of communication barriers.
Many people ask whether I consulted a mountain of books to define the unique indicators used in the On's Table. The truth is, I didn’t — they all came to me through spontaneous inspiration. A single phrase in an annual report sparked the creation of the Profit Reinvestment Rate as I dragged cells in Excel. The Expected Return Rate came to me out of the blue while sitting on the toilet. The concept of Expected Recurring Net Profit struck like lightning while I was walking down the street.
I’m still amazed that someone like me — never a top student — could not only understand annual reports but also distill them into clear, actionable metrics. Then, as if by fate, along came a little angel, Alex Wu, who built a powerful web-based version of the On's Table.
這是我的大半生，順序銜接得剛剛好，可是仍然有一個遺憾不能在大學時就學會巴菲特神功，賺大錢需靠複利效果越早開始越好。我出社會即當分析師，學了一堆無用的技術分析和外資基本面研究，蹉跎了十二年才真正領悟巴菲特。我希望巴菲特方法能成為每個人的必修課，盈再表永遠流傳。跟基督教一樣如果需要繳費才能上教堂將難以傳播福音，老天指引我免費公開講稿與盈再表，讓本討論區成為人人每天必來禮拜的教堂。歡迎諸位大德都來信巴菲特教，帶著家人一起按盈再表，傳承下去就能世世代代永保富貴。
This has been the story of most of my life — each step unfolding exactly as it should. Yet I still carry one regret: not learning Buffett’s wisdom back in college. To truly build wealth, you need the power of compounding — and the earlier you start, the better.
When I first entered the workforce as an analyst, I studied various ineffective technical analyses and foreign fundamental research. It took me twelve years of trial and error before I finally grasped Buffett’s true approach.
I hope Buffett’s method becomes a required course for everyone, and that the On’s Table is passed down through generations. Just like Christianity — if attending church required a fee, spreading the gospel would be difficult. Guided by a higher power, I’ve chosen to make my lecture notes and the On’s Table freely available, turning this forum into a kind of temple — a place people return to daily for inspiration.
I warmly invite all of you, fellow believers, to join the faith of Buffett. Bring your families, use the On’s Table together, and pass it on. That way, generation after generation can enjoy lasting wealth and enduring prosperity.
洪瑞泰是把巴菲特理論講清楚的第一人，艱澀的投資理論在他巧妙的比喻下竟饒富趣味。台股開始流行選股看ROE、配得出現金、好學生特質皆啟蒙於他2004年出版的「巴菲特選股魔法書」。
Michael On was the first to clearly explain Buffett’s theory. What was once a complex investment concept became surprisingly accessible and engaging through his clever metaphors. The widespread popularity of stock selection based on ROE, cash dividends, and economic moat in the Taiwan stock market can all be traced back to his 2004 book, Warren Buffett’s Magic Book of Stock Selection.
[洽詢專線] 0918-519-606，mikeon88@gmail.com
[班規] 發言涉及人身攻擊情節重大者，將直接開除，中止其在本班一切權利。討論區如同教室需要維持秩序，否則將劣幣驅逐良幣。禁止語言霸凌，凡事公開透明，不吝褒揚感謝同學貢獻，本討論區才得以形成同學樂於分享的風氣。
感謝青含國、鄭仁壽、范世琦三位律師，尤其青含國律師專業且富正義感，推薦給大家。
