The creation of a modern state is a complex and difficult process that requires the development of strong institutions.

每一次交流都是一种表演。

War is an ugly thing， but not the ugliest of things； the decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse.

All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out.

一个瞬间被吸走并扭曲，往往甚至在它诞生之时。

Risk management isn’t about avoiding risks; it’s about understanding and mitigating them.