The key to successful investing is to have a clear understanding of the market, the risks involved, a disciplined approach, a long-term perspective, and a strong understanding of the fundamentals.

The most basic human desire is to be recognized as a human being.

The tigers of wrath are wiser than the horses of instruction.

'Jeff, what does Day 2 look like?' 'Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.' To be sure, this kind of decline would happen in extreme slow motion. An established company might harvest Day 2 for decades, but the final result would still come.

谷子成熟了才能收获，果子熟了才能剥开皮。比喻凡事不可急于求成。

教师是太阳，学生是月亮。教师发光，学生反射。

在股市中，最重要的不是预测未来，而是理解现在。