And when you do I want you to know this， remember this: there is no such thing as failure. Failure is just life trying to move us in another direction. Now when you’re down there in the hole， it looks like failure. So this past year I had to spoon feed those words to myself.

世界上最有价值的资源不再是石油，而是数据。

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。