The most important thing in business is to have a sustainable competitive advantage.

The art of the past is being mystified because a privileged minority is striving to invent a history which can retrospectively justify the role of the ruling classes.

相位裕度是系统在变得不稳定之前可以容忍的程度的度量。

Our experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime.