Those of us who have been fortunate have a duty to give back.Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference.
查理·芒格
美国投资家

查理·芒格(Charlie Thomas Munger,1924年1月1日—2023年11月28日),美国投资家,出生于美国内布拉斯加州的奥马哈。沃伦·巴菲特的黄金搭档,有“幕后智囊”和“最后的秘密武器”之称,伯克希尔·哈撒韦公司副主席,曾担任蓝筹印花公司的主席。

I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could.

我不理会学科的地域界限,我只是抓住我所能抓住的所有大思想。

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It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent.

像我们这样的人,通过努力做到始终不笨,而不是努力变得聪明,获得了多少长期优势,这一点很了不起。

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To this day, I have never taken a course anywhere, in chemistry, economics, psychology, or business.

时至今日,我从未在任何地方选修过化学、经济学、心理学或商业课程。

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I try to get rid of people who confidently answer questions about which they don't have any real knowledge.

我试图摆脱那些自信满满地回答自己并不真正了解的问题的人。

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I believe in the discipline of mastering the best that other people have ever figured out.I don't believe in just sitting down and trying to dream it all up yourself.

我相信掌握别人已经摸索出的最佳方法是一门学问。我不相信只是坐下来自己空想。

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Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind...when you're young it's easy to drift into royalties and when you announce that you're a loyal member...and you're gradually ruining your mind.

我认为应该避免的另一件事是极度强烈的意识形态,因为它会使人的思想白菜化......当你年轻时,很容易沉浸在旧思想中,当你宣布自己是忠实成员时......你就会逐渐毁掉自己的思想。

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Simplicity has a way of improving performance by enabling us to better understand what we are doing.

简洁有一种提高绩效的方法,它能让我们更好地理解我们正在做的事情。

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You should avoid sloth and unreliability.

你应该避免懒惰和不可靠。

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Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts.Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse.

一般来说,嫉妒、怨恨和自怜都是灾难性的思想模式。自怨自艾与偏执狂相当接近,而偏执狂是最难扭转的。

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People should take away less than they're worth when they are favored by life...I would argue that when you rise high enough in American Business you've got a moral duty to be underpaid.

当人们受到生活的眷顾时,他们应该拿走比他们价值更低的东西......我认为,当你在美国商业界升到足够高的位置时,你就有道义上的责任接受低薪。

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Those of us who have been fortunate have a duty to give back.Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference.

我们这些幸运的人有责任回馈社会。至于是像我这样边走边捐,还是像沃伦那样先捐一点,然后(死后)再捐很多,这是个人喜好问题。

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No man is fit to hold office who isn't perfectly willing to leave it at any time...

如果一个人不完全愿意随时离职,就不适合担任公职......

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Acknowledging what you don't know is the dawning of wisdom.

承认你不知道什么是智慧的曙光。

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We recognized early on that smart people do very dumb things, and we wanted to know why and who, so that we could avoid them.

我们很早就认识到,聪明人会做非常愚蠢的事情,我们想知道为什么,是谁,这样我们就能避免这些事情。

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We have a passion for keeping things simple.

我们热衷于把事情简单化。

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Live within your income and save so you can invest.Learn what you need to learn.

量入为出,储蓄投资。学习你需要学习的东西。

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It's waiting that helps you as an investor and a lot of people just can't stand to wait.If you didn't get the deferred -gratification gene, you've got to work very hard to overcome that.

作为投资者,等待对你有帮助,但很多人就是无法忍受等待。如果你没有延迟满足的基因,你就必须努力克服。

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A great business at a fair price is superior to a fair business at a great price.

价格合理的伟大企业胜过价格便宜的好企业。

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An intelligent investing is value investing, acquiring more than you are paying for.

聪明的投资是价值投资,获得的比你付出的更多。

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The big money is not in buying or selling, but in the waiting.

赚大钱不在于买卖,而在等待。

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A lot of people with high IQs are terrible investors because they've got terrible temperaments.

很多智商高的人都是糟糕的投资者,因为他们的性格太糟糕了。

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