The welfare cost of business cycles is not the cycles themselves but the inability of individuals to smooth consumption over time.
经济周期的福利成本并非周期本身，而是个体无法随时间平滑消费的能力。
农业的成功来自于理解自然，而不是与之对抗。
我们都是自己思想的囚徒，只是有些人建造了更坚固的牢笼。
Life is a tragedy for those who feel, and a comedy for those who think.
Lock up your libraries if you like; but there is no gate, no lock, no bolt that you can set upon the freedom of my mind.
唯一真正的智慧在于知道自己一无所知。
一个民族的活力与他们所生活的气候能量有关。
在路上所感受到的快乐，是酒馆里所没有的。
大脑有专门的网络来维持警觉性、定向感觉事件和解决反应之间的冲突。
农民是最早的环保主义者，我们必须支持他们的工作。
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.