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市场是一个永远在不可持续的乐观(使股票过于昂贵)和不合理的悲观(使股票过于便宜)之间摇摆的钟摆。聪明的投资者是现实主义者,他们向乐观主义者出售并从悲观主义者那里购买。
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
要成为一名作家,必须有一定的傲慢,相信自己要说的话对别人来说足够重要。
一种善行没有内心的支持就不会长久,一种行为如果得不到自身的了解就无法树立。
皮革的真正价值在于其耐用性和永恒的吸引力,而不仅仅是其美观性。
Freedom is the breath of life.