最重要的是理解场所，即场所精神。

In a way, I've got some bad news, particularly to anybody who's come to Oxford from abroad. There's a real problem with snobbery, because sometimes people from outside the U.K. imagine that snobbery is a distinctively U.K. phenomenon, fixated on country houses and titles. The bad news is that's not true. Snobbery is a global phenomenon; we area global organization, this is a global phenomenon. What is a snob? A snob is anybody who takes a small part of you, and uses that to come to a complete vision of who you are. That is snobbery.

The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.

译文：人要是失足犯错就会成为千古的遗恨，再回头时发现已经物是人非事事休。赏析：是感情的动物，常常会因为某些原因，做出令人懊恼悔恨的事。每一个错误，都要付出惨痛的代价。错误越大，代价越惨痛。做了错事，良心不安，别人痛苦，自己更痛苦。