The duties of all public officers are, or at least admit of being made, so plain and simple that men of intelligence may readily qualify themselves for their performance.

When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30.

Writing is a way of making the invisible visible.

不算过错，有多少人为此蒙蔽良心；无可奈何，有多少体面以此为借口。

被询问：“你觉得企业家最重要的品质是什么？”

透明建立信任，而信任建立持久的关系。