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最大的風(fēng)險是不冒任何風(fēng)險。在一個快速變化的世界里，唯一注定失敗的策略就是不冒險。

Trust is the expectation that arises within a community of regular, honest, and cooperative behavior, based on commonly shared norms, on the part of other members of that community.

現(xiàn)實(shí)是一個視角問題；你離過去越遠(yuǎn)，它就顯得越具體和可信。

The idea of a margin of safety, a Graham precept, will never be obsolete. The idea of making the market your servant will never be obsolete. The idea of being objective and dispassionate will never be obsolete.

The highest title which a man can write upon the page of history is his own name.

雇傭許多人去做一件復(fù)雜的事，往往是錯誤的。數(shù)量永遠(yuǎn)不如質(zhì)量 (三個臭皮匠不一定比一個諸葛亮強(qiáng))，人多降低效率，增加成本。